“But I -- my instinct would be probably about $1.5 billion.”

How to check this claim

Look at: The metric or program referenced by the CEO with the approximately $1.5 billion figure (context insufficient to specify exact line item, e.g., capital expenditures, investment volume, or similar)

It came true if: Reported figure between $1.35 billion and $1.65 billion

Where: Company financial disclosures (10-K/10-Q filings or earnings call commentary)

Verify independently

SEC filings for SPG ↗ · Claim quote is verbatim from the 2023Q1 earnings call.