Simon Property Group (STU:SQI) Long-Term Capital Lease Obligation : €470 Mil (As of Sep. 2024)

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What is Simon Property Group Long-Term Capital Lease Obligation?

Simon Property Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was €470 Mil.

Simon Property Group's quarterly Long-Term Capital Lease Obligation increased from Mar. 2024 (€484 Mil) to Jun. 2024 (€487 Mil) but then declined from Jun. 2024 (€487 Mil) to Sep. 2024 (€470 Mil).

Simon Property Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€505 Mil) to Dec. 2022 (€530 Mil) but then declined from Dec. 2022 (€530 Mil) to Dec. 2023 (€500 Mil).

Simon Property Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Simon Property Group's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Simon Property Group Long-Term Capital Lease Obligation Chart

Simon Property Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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525.66

476.98

504.78

529.96

500.18

Simon Property Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															459.90	500.18	483.63	486.76	470.40

Simon Property Group (STU:SQI) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Simon Property Group Long-Term Capital Lease Obligation Related Terms

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Simon Property Group Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Simon Property Group Inc (STU:SQI) » Definitions » Long-Term Capital Lease Obligation

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Address

225 West Washington Street, Indianapolis, IN, USA, 46204

Website

https://www.simon.com

Simon Property Group is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 231 properties: 136 traditional malls, 70 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), 6 lifestyle centers, and 5 other retail properties. Simon's portfolio averaged $743 in sales per square foot in 2023 compared with $693 in sales per square foot over the 12 months before the pandemic. The company also owns a 22% interest in Klépierre, a European retail company with investments in shopping centers in 14 countries, and joint-venture interests in 33 premium outlets across 11 countries.

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