CLAIM #54643 · SPG (SPG) · 2025Q2 earnings call · Aug 4, 2025 · due Dec 31, 2025
“So we're hopeful that a couple of more things will get announced this year, and they'll be accretive.”
David Simon · CEO
In context
“ery excited about Brickell as we are with the mall. And we're working on a few other things that we're able to do, and I mentioned this before, we're working on some other interesting things that we're able to do because we've never gone through a restructuring. Oh, great -- it's great to buy a mall because you haven't bought anything in a decade. Well, that's never been us. And -- so we'll keep finding opportunities where we can grow our platform, but we're going to be picky on what we buy and what we want to do. But we're able to do it because this company doesn't need to sell a bunch of assets, doesn't need to bring in a new management team. It doesn't need to downsize its platform. It doesn't need to do it because it's outperformed over a 30-plus year period that no one else has done. So we're hopeful that a couple of more things will get announced this year, and they'll be accretive. They'll add to our platform and that we'll be able to manage them better, so we'll be able to grow our cash flow. Operator: Our next question is from Alexander Goldfarb with Piper Sandler. Alexander David Goldfarb: Just continuing on... David E. Simon: We're actually in New York City. That's why I brought up the New York City comment. Alexander David Goldfarb: Okay. Well, then you're just down the train line from us here in Greenwich. So hopefully, you're enjoying in the city. So a question, just following up on Caitlin's question on externals. For quite a long time, you've been reiterating to us that you see more investment potential in your existing portfolio versus externally. So if Tom will forgive me for a two-parter. One, what is the return threshold, the gap that you need when you”
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SEC filings for SPG ↗ · Claim quote is verbatim from the 2025Q2 earnings call.