“And if anything, we'll step up our investment activity, but not foolishly.”

In context

“t, 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 over the last few weeks. And if anything, we'll step up our investment activity, but not foolishly. I mean, we'll do it like we do everything else, but we don't see it as a reason to rain in at this point. Alexander Goldfarb: Thank you. David Simon: Sure. Operator: Our next question is from Michael Goldsmith with UBS. Please proceed. Michael Goldsmith: Good afternoon. Thanks a lot for taking my question. You continue to drive nice NOI growth driven by both occupancy gains and higher rents. Now we've talked a little bit on the call about occupancy potentially approaching a potential ceiling. So do you see increasing pricing power with that to maybe offset that? I'm just trying to get a better understand of how the algorithm kind of looks in the coming quarters? Thanks. David Simon: Well, again, occupancy is like any statistic people want. And again, to be clear, we do think we'll increas”