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  "documentTitle": "Mall REIT sector (long General Growth Properties) (GGP)",
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  "authorName": "William Ackman",
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  "notes": "The slide uses a direct quote to manage investor expectations regarding potential revenue loss.",
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      "text": "Simon expects to lose less than 2bps of total revenue as the result of rent relief concessions in 2009",
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      "text": "– Steve Sterrett, CFO of Simon Property Group, October 30, 2009",
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      "text": "“Our 2009 rent relief total will be under $10 million, as in the $7 million to $8 million range. But as I think we said on the call last quarter, we hadn’t seen much of it year-to-date. So it’s a little back-end weighted, and as you look at the impact of average base rent it could have a nominal impact. But it’s a small number in the context of the size of our income statements.”",
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      "text": "\"Our 2009 rent relief total will be under $10 million, as in the $7 million to $8 million range. But as I think we said on the call last quarter, we hadn't seen much of it year-to-date. So it's a little back-end weighted, and as you look at the impact of average base rent it could have a nominal impact. But it's a small number in the context of the size of our income statements.\" — Steve Sterrett, CFO of Simon Property Group, October 30, 2009",
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