NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Dollars in thousands, except share and per share amounts and where indicated as in millions or billions) As of December 31, 2011, scheduled principal repayments on joint venture properties’ mortgages and other indebtedness are  as follows: This debt becomes due in installments over various terms extending through 2036 with interest rates ranging from 0.49% to 9.35%  and a weighted average rate of 5.02% at December 31, 2011. 52 Simon Property Group, Inc. For the Year Ended December 31, 2011 2010 2009 STATEMENTS OF OPERATIONS Revenue: Minimum rent  $ 1,844,774 $ 1,810,581 $ 1,813,180 Overage rent  161,993 143,018 127,561 Tenant reimbursements  862,211 870,555 903,009 Other income  175,430 214,728 168,239 Total revenue   3,044,408 3,038,882 3,011,989 Operating Expenses: Property operating  602,989 595,733 614,968 Depreciation and amortization  737,865 752,014 760,068 Real estate taxes  220,955 230,326 234,506 Repairs and maintenance  76,258 92,490 98,197 Advertising and promotion  57,703 55,952 58,261 Provision for credit losses  8,648 3,934 14,935 Impairment charge  — — 17,268 Other 227,703 209,635 181,693 Total operating expenses   1,932,121 1,940,084 1,979,896 Operating Income  1,112,287 1,098,798 1,032,093 Interest expense  (813,433) (812,886)  (826,951) Loss from unconsolidated entities  (4,644) (840)  (4,739) Impairment charge from investments in unconsolidated entities — (16,671) — Income from Continuing Operations 294,210 268,401 200,403 Income from discontinued joint venture interests  48,154 63,108 58,169 Gain on sale or disposal of assets and interests in unconsolidated entities, net  347,640 39,676 — Net Income $ 690,004 $  371,185 $ 258,572 Third Party Investors’ Share of Net Income $ 384,384 $ 234,799 $ 170,265 Our Share of Net Income 305,620 136,386 88,307 Amortization of Excess Investment (50,562) (48,329)  (55,690) Our Share of Gain on Sale or Disposal of Assets and Interests in  Unconsolidated Entities, net (173,820) (20,305) — Our Share of Impairment Charge from Investments in  Unconsolidated Entities — 8,169  7,603 Income from Unconsolidated Entities $ 81,238 $  75,921 $  40,220 2012 $ 2,746,336 2013 1,875,642 2014 1,925,553 2015 2,116,162 2016 1,462,915 Thereafter 5,448,606 Total principal maturities  15,575,214 Net unamortized debt premiums and discounts  7,107 Total mortgages and other indebtedness  $15,582,321