Simon shares climbed as much as 3% in after-hours trading following the release. But the consumer has actually been very supportive. I mean, it's a 2-way street. This occurred after state and local governments lifted restrictions.

2020 InvestorPlace Media, LLC. No worries.Our next question comes from Craig Schmidt with Bank of America. Tumblr. Maybe you can just expand a little bit more what that means, what you're doing differently. So they were a little bit more prepared. I am sure there will be some retailers that will get the sense that the fleet, the store network is not as important as it was three months ago. This is since that, basically, 30 years ago, we've never really had a reduction in force, even in the recession of the Great Recession in '08, '09, we didn't have a reduction in force. I hope they not that they should, but I hope they at least can understand why we did what we had to do. Let's conquer your financial goals together...faster. But I think our sales have been somewhat better than what we're seeing in Europe.And in Asia, we've been basically open except recently, Japan closed, but we were doing, believe it or not, reasonably well in Asia until kind of the last month when both Malaysia and Japan had a shutdown. And again, I mean, I indicated earlier, I don't know if you listened to my opening remarks, where we think it is today, but another month or five weeks from now, I'll know more. The company cites the novel coronavirus as the reason behind this decision. Share. We're the first to reopen our properties, of course, subject to government stay-at-home orders and restrictions. It made the announcement as it reported quarterly earnings, where Simon's quarterly profits fell 20.2% during the first quarter ended March 31. We're more than a mall company. So it's really going to be it's really going to be like it always has been but even more today than ever, it's going to be really focused on the nature of the particular property where it's located, the consumer demographics, all of this stuff is changing, and we'll just have to see. Simon Property Group Reports First Quarter 2020 Results and Provides Business Update PDF Version INDIANAPOLIS , May 11, 2020 /PRNewswire/ -- Simon, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today reported results for the quarter ended March 31, 2020 .

But that's up for them.We are not forcing the issue at all. We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services. Some companies, such as But retailers now have to bring back furloughed workers, sell through stale merchandise and stock fresh inventory.

David out there. I mean, I do think there's good it's good to have a quarterly cadence. Average base minimum rent was $55.76, and our mall and outlet portfolio recorded leasing spreads of $2.80 per square foot or an increase of 4.6%. I can assure you, at least based on what I'm seeing, that in certain properties that we opened, the psyche of that consumer hasn't really been affected. Simon started reopening some of its malls in states including South Carolina and Georgia on May 1, As of Monday, the company said it has reopened 77 of its properties in the U.S., where local lockdown restrictions have been eased. Have people been pretty open to accepting all the accommodations and getting back to sort of normalcy?

1125 N. Charles St, Baltimore, MD 21201. But it's a little early to say but some of our good bread and butter states, we feel pretty encouraged by.Great. We're doing everything that all of the other competitors are doing, including the major online competitors. And if there's better technology or if there's a better idea. So there's not much more I can say on that front.Well, I guess, just in terms of accessing debt capital in this market, have you looked at doing a bond deal?Well, at some point, we're going to do a bond deal because it's natural for us to do one every year. Simon Property Group, Inc.’s SPG first-quarter 2020 funds from operations (FFO) per share of $2.78 missed the Zacks Consensus Estimate of $2.90. As a result, we are withdrawing our full year 2020 guidance for estimated net income attributable to common stockholders per diluted share, estimated FFO per diluted share and comparable property NOI growth, which we provided on February 4, 2020. Before I turn over to our first quarter results, I want to express my sincere gratitude to the entire Simon team for the work they have done and continue to do since the COVID-19 crisis began.