“And demand continues to be very good.”

In context

“ing to do better. But those are basically the determinants. And that's why we said better than 2%. But we have some operating expense increases, real estate taxes, unbelievably continue even though we're the goose that continues to lay the golden eggs for all of the communities in which we operate, our taxes continue to go up. While we have operating expenses that go up with inflationary pressures, we had downtime. We had flat sales, and we lose temporary income while we're retending and going to physical, whether we're going to permanent income. All of that's great news, but our rent spreads are positive. Renewals are positive. And we -- and that's been the difference. And obviously, we'll throw COVID out. But even the trend prior to COVID, renewals were under customers, you know, Vince. And demand continues to be very good. Vince Tibone: Just one follow-up. Like is variable lease income -- do you expect that to continue to trend down just as you unwind maybe some COVID lease modifications? Or how should we think about that part of the puzzle to going forward? David Simon: We have budgeted it basically down slightly because, number one is the extent that a tenant renews the lease, we're getting some of that overage into the base rent. If you remember out of bankruptcy, Forever 21 pays basically percentage rent to all of its landlords, us included. It had a tough year last year, as I mentioned earlier. And we're budgeting basically flat this year. So there's a lot that goes on that kind of -- you've got to again separate between overage and percent rent. It's a little bit of a crystal ball. There are always re”