“We think it's NAV accretive for us. We also think it's earnings accretive for us.”

In context

“exposure in Europe as well? David Simon: Well, on that particular point, you'll see that in our next supplement. So it will go up, but you'll see that in our next supplement. Look, I would say, we're under confidentiality agreement on the details other than the price. I will tell you we've been very, as you know, very selective on the acquisitions and we're only buying top stuff at the right price. This follows 100% of that strategy. So it's top stuff at the right price. Kering will remain a long-term tenant in that. They have a very -- they've had historically a very competent group that ran it for them, obviously because they're not that's not their main business as you know. We've taken over that team, we'll help them with strategic guidance and we think there's upside in the business. We think it's NAV accretive for us. We also think it's earnings accretive for us. So it again is a something we wanted to do years and years ago, but they weren't ready to do it. We're extremely excited about doing it, the location, Italy's, in a renaissance so it's got one of the positive growth in the EU. And this is these are the kind of deals we want to do buy it at the right price, it's accretive to NAV, accretive to earnings, but it's also high quality with the right retailers. And we couldn't have done a -- we couldn't have picked a better asset in terms of this. Floris van Dijkum: Thanks, David. David Simon: Thank you, Floris. Operator: Next question is from Greg McGinniss from Scotiabank. Please go ahead. Greg McGinniss: Hey, good evening. David, following up on your comment regarding the focus on B Mall investments in 2025, '26, are you able to talk about the”