Collections from its U.S. retail portfolio continue to improve said David Simon CEO of Simon Property Group on a conference call with Wall Street analysts Monday evening. As of last week, it has collected 90 percent of its net build rents for the second, third and fourth quarters combined. And it generated more than $2.3 billion in operating cash flow.
Brick-to-mortar is here to stay. Its assets are getting new leases. It has signed over 1,400 leases representing 6 million square feet and have a number of significant leases in its pipeline. And in 2020 it opened two new international shopping destinations, expanded two others and completed three domestic redevelopments. And the firm continues to have development plans in the pipeline, specifically in the suburban cities.
“As we look at restarting the pipe, the pipe didn’t g
