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CLAIM #54559 · SPG (SPG) · 2024Q2 earnings call · Aug 5, 2024 · due May 5, 2025

And we expect to do another phase of that probably in the next nine months as we go through the pricing.

David Simon · CEO

PENDING
graded after results covering May 5, 2025 are reported

In context

etter-positioned. So if we do -- so I don't look at the -- that the current uncertainty and even a potential recession no one wants to go through that but given how we're positioned I think we're in an absolute unequivocal position to improve and better our company. So again, we don't want to go through recession, but if we do, the gap between us and everybody else just gets bigger and bigger. Our gap, if you look at kind of where we started three years ago and where we are today, the gap is pretty damn big, it will only get bigger and that's a testament to the team and everybody else. So -- and honestly, I'm not looking at a current potential recession or tough market as any basis to slow down. I look at an example, we just started construction in Northgate, building 234 [projects] (ph). And we expect to do another phase of that probably in the next nine months as we go through the pricing. So from our standpoint, we're not slowing down. And if the economy slows dramatically, the gap between us and just about everybody else will only get bigger and that's -- that gives us opportunities to do some interesting projects. Alexander Goldfarb: And you see the same confidence from your retailer, from your partners, your tenants or are they're waffling? David Simon: I think the better retailers that are -- we have a number of retailers that are in really good financial standing and I think they take a longer view just like we do. Not everyone, but I would tell you the majority of who we're doing new business with is definitely taking a longer-term view. So they're looking to gain sales and market share as well. So we're certainly not on the defensive into the kind of the turmoil ove

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SEC filings for SPG · Claim quote is verbatim from the 2024Q2 earnings call.