“The short answer is we will get there on a run rate by the end of this year.”

In context

“we reckon to be about $6.2 billion. But obviously, that includes -- that does not include some of your retailer investments. But depending on how you slice it, I'm just trying to do the math here, but you're at least $200 million short, even if you include those retailer investments. If you can walk us through -- that would imply that you would get to around 3.7% NOI growth to get back to those levels. So you're clearly not guiding to that yet. You're guiding to 2%. But what are the headwinds, if you will? David Simon: Floris, I think you can -- you really should just focus on domestic. To put the retailers in there, there's too much volatility. It's not something we look to -- we're focused on are domestic property NOI to get back to 2019 numbers before we were shut down by the pandemic. The short answer is we will get there on a run rate by the end of this year. That's the short answer. And you shouldn't put the retailer NOI in there. It's, again, that's -- you've got to remember, we have basically no cash investment in SPARC. So -- and I know we could talk about it all day, but it's -- when you think about Simon Property Group, we want you to think about those investments as it gets with purchase, okay? We get this great property company that owns all those real estate that's redeveloping it, great balance sheet, the ability to make smart investments with an unbelievable return on investment outside its core business. And that's what you get with a seasoned team that's experienced from recession to credit prices to a shutdown in a pandemic, okay? And we managed it through it all. So the bottom line is our domestic property NOI, because of the de”