“So I don't anticipate -- long story short, I really don't anticipate much portfolio real estate activity at the JCP level.”

In context

“, cash flow, EBITDA and that, obviously, sales -- comp sales are important, right? But as long as we're profitable out of the stores, there's no Wall Street pressure that we've got to narrow the store count. I don't necessarily believe shrink to grow. It's very hard to achieve. Maybe you can achieve it. It's -- my history, not overly long, but long enough, it's -- I don't care what industry, it's very hard to do. Some have done it, but the -- but to me, if it's that positive EBITDA, there's nothing wrong with maintaining that store for the community. You certainly don't want to lower standards of how you operate it, but if you can create cash flow, doesn't necessarily mean you have to reinvest that much in it, and you can use that cash flow to reinvest in other elements of your business. So I don't anticipate -- long story short, I really don't anticipate much portfolio real estate activity at the JCP level. Vince Tibone: That's really helpful color. Maybe just as a quick follow-up on that. I'm just curious, given the ownership structure, I mean are you guys able to pursue recapturing some of these boxes at your best properties to unlock mixed-use development opportunities? Or how would that work given your foot ownership with Brookfield? David Simon: Yes. Well, look, I think as part of the deal originally -- first of all, our relationship with Brookfield is excellent in our -- we both basically -- and ABG is an investor in there as well, but we very much see eye-to-eye on JCPenney and how it operates and how we should operate it. And I would say both of us, and now, my memory is a little bit cloudy, but when we did the restructuring, we did get -- both of us got the opportunity to reclaim”