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  "docSlug": "600406034f02",
  "documentTitle": "Mall REIT sector (long General Growth Properties) (GGP)",
  "authorId": "01_Pershing_Square",
  "authorName": "Pershing Square Capital Management",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2009-12-07 00:00:00",
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  "pageCount": 68,
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  "slideType": "comparison_table",
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  "density": "dense",
  "nDataPoints": 40,
  "notes": "The slide highlights that despite industry 'right-sizing' trends, specific retail concepts showed store count growth.",
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      "kind": "callout",
      "text": "Although there have been some \"right-sizing\" initiatives in 2009, many mall-based tenants actually expanded certain concepts",
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      "text": "Although there have been some “right-sizing” initiatives in 2009, many mall-based tenants actually expanded certain concepts",
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      "text": "store count: 6,673",
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      "kind": "source-note",
      "text": "Source: Company filings, earnings transcripts, investor presentations, company press releases. This analysis is not meant to be comprehensive.",
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      "kind": "table",
      "text": "Table showing store counts for various companies and concepts",
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      "kind": "title",
      "text": "Many Mall-Based Tenants Expanded in 2009",
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      "evidence": "The presentation discusses the challenges faced by Mall REITs, such as store closure fears and occupancy rates.",
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      "name": "Cost Of Inaction",
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      "evidence": "The presentation highlights the risks of not investing in Mall REITs, such as missing out on potential growth.",
      "position": 0,
      "objective": "What are the consequences of not investing in Mall REITs?",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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