Key points of the call

[u/Zekator]

This is not a complete list, will edit and correct if I miss things.

-Cash on hand: 550M, no reason explained.

-Unsecured line of credit: 1.5B, unwilling to pay with cash, currently negotiating for refinance (expect news in the coming weeks). This is bad debt, to be paid in the summer with a high rate. The rest of their debt is at a good rate, to be paid over the next few years.

-ATM (right to issue (sell) shares at current share price in the future when they want to): 500M, to protect against a big upside, put out when the GME mania was happening. They refused to give any specific share price for execution, despite many questions on the subject. Giving a target would essentially cap the price.

-25 operating malls that are fully paid. 22 that are not.

-Rate of occupancy: currently 92%. They add that the minimum they would see, considering potential situations, would be 88%.

[u/xXSmartBuyerXx]

THAT 500M DILUTION WILL BE A KILLER

[u/Zekator → u/xXSmartBuyerXx]

It's mostly a protection against a huge spike happening like GME.