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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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      "text": "Retailers on the sidelines are just like those investors who didn't buy stocks in the spring",
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      "text": "During one of the worst recessions in over 50 years, mall REITs and their tenants have proven to be highly resilient\nConsumer spending does not need to return to 2007 levels for mall REITs and their tenants to outperform\nStore closures of underperforming tenants is a long-term positive for the mall industry\nTenant cash flows and balance sheets have massively improved over the last twelve months\nMany opportunistic retailers have substantial growth plans. Retailers on the sidelines are just like those investors who didn't buy stocks in the spring",
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