“Well, the good news is our pipeline is kind of back to where it was in ‘19. However, remember, in ‘19, we finished some stuff, right? So naturally, that falls off. And then, we didn’t add anything really until this year. But I think you’ll see steady progress in adding -- and remember, we only add when we start construction on a project or we internally to prove it or we’re about to. So, we would expect to be able to add to that number this year.”

In context

“the only negative comment. Okay. So, sorry about that. But again, we’re happy to walk you through it. So, it can help you understand what we’re doing. Operator: Our next question comes from Derek Johnston with Deutsche Bank. Derek Johnston: So, I’ll abandon the retail investment question for now. But now in 4Q ‘19, pre-pandemic David, the redev pipeline was $1.8 billion at its peak. Now, it’s $944 million in 4Q. And that’s just a really modest increase from 3Q. So, as you talk about record FFO and very healthy cash flow, how are you looking at capital allocation priorities going forward? Should we expect ramping redevelopment, some transformational, clearly some more retailer investments, dividends, buybacks? You mentioned no acquisitions. How do you view the priorities here? David Simon: Well, the good news is our pipeline is kind of back to where it was in ‘19. However, remember, in ‘19, we finished some stuff, right? So naturally, that falls off. And then, we didn’t add anything really until this year. But I think you’ll see steady progress in adding -- and remember, we only add when we start construction on a project or we internally to prove it or we’re about to. So, we would expect to be able to add to that number this year. So, you’ll see that. I’d be disappointed if it didn’t grow in size and stature, and mostly in mixed use. So, we still -- I would still say that’s the number one priority, we’re going to invest in our existing platforms that we have, whether they’re SPARC or ABG or RGG. So, those are businesses that we have a lot of faith in, and we’ll continue to invest in those. We’re still doing a lot of investment kind of in the -- in updating the technology aspects of our shopping centers that we’ll continue to do. That’s important to us. We expect to raise the dividend. We’ve been really quiet on the acquisition front, and that’s like -- that’s perfectly fine with us. We’ll see how the market transpires, but we have no real we feel really good about our portfolio. And if there’s something that fits i”