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The Bad News in Simon's Good Quarter: How Bad Is It?

Sep 24, 2021 by Reuben Gregg Brewer

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If I do a deal with Dick's or an entertainment box and they pay $15 a foot but the expiration of that box was 15 months ago with $3 a foot, I still may have made a $15 spread. But because it was in our rollout 15 months ago, you don't see it. It's not space by space. If I did space by space, the trend would not be -- the percentage would not be anywhere near that.

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