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CLAIM #54519 · SPG (SPG) · 2023Q4 earnings call · Feb 5, 2024 · due Dec 31, 2024

And we'll continue to look to monetize these investments, they've been by and large, very good investments across, not just the big ones, but the smaller ones as well.

David Simon · CEO

PENDING
graded after results covering Dec 31, 2024 are reported

In context

hs of the pandemic, we're not finished and retail demand continues and it is strong and it's across the board. I mean, it's not one, category one retailer, but pretty much across-the-board. Steve Sakwa: Thanks, that's it. David Simon: Thank you, Steve. Operator: Thank you. Our next question is from Caitlin Burrows with Goldman Sachs. Please proceed with your question. Caitlin Burrows: Hi, good evening, everyone. David, could you give some more detail on the ABG sale that you referenced, maybe how much you still own, how much you think your remaining OPI could be worth, and whether you plan to monetize more in '24 or maybe what could influence that decision? David Simon: Sure, well let me just - we sold about 2% of our ABG stock. So, we essentially went from just under 12 to just under 10. And we'll continue to look to monetize these investments, they've been by and large, very good investments across, not just the big ones, but the smaller ones as well. Obviously, there's number of them that are synergistic to us. But, we have a strict adherence to creating value. And we think we can deploy that capital into kind of what I'd call the mothership and can get better growth from that and that's where our number one priority will be. So, it wouldn't surprise me, Caitlin, for us to continue to monetize, obviously, the - some of these are bigger value - bigger investment. So, it's not that easy to do it in one big swoop, but We're very focused on portfolio management of those assets and If we can monetize and are we going to get a better return plowing it back into our core business. Caitlin Burrows: Got it, thanks. David Simon: Yes, thank you. Operator: Our next question is from Jeff Spector with Bank of America. Please proceed with your quest

Verify independently

SEC filings for SPG · Claim quote is verbatim from the 2023Q4 earnings call.