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  "docSlug": "600406034f02",
  "documentTitle": "Mall REIT sector (long General Growth Properties) (GGP)",
  "authorId": "01_Pershing_Square",
  "authorName": "Pershing Square Capital Management",
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  "presentationDate": "2009-12-07 00:00:00",
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  "density": "dense",
  "nDataPoints": 51,
  "notes": "The slide highlights a 33% total improvement in net debt positions across the listed tenants.",
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      "kind": "callout",
      "text": "On average, tenants have improved their net debt positions more than 30% since the same period last year",
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      "text": "Net Debt / Cash Improvement: 33%",
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      "text": "Source: Capital IQ. Net debt data is most recent as of December 4, 2009. (1) GGP's top ten tenants as disclosed in its quarterly operating supplement.",
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      "text": "Tenants have Delevered (Cont'd)",
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