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  "documentTitle": "Mall REIT sector (long General Growth Properties) (GGP)",
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  "authorName": "Pershing Square Capital Management",
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  "presentationDate": "2009-12-07 00:00:00",
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  "notes": "The slide uses a dual-line chart to argue for further cap rate compression based on the historical spread between REIT cap rates and corporate bond yields.",
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      "text": "Although mall REIT cap rates have come in from their double-digit highs, they still trade at a wide spread to corporate Baa yields",
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      "text": "7.8%",
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      "text": "cap rate: 7.8%",
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      "text": "Source: Green Street (as of November 2009).",
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