Owns and manages shopping malls and lifestyle centers in the Mid-Atlantic U.S., like a landlord for retail and dining destinations.
Money comes from leasing space to tenants; gross margin is 60.55%, but net income is deeply negative (net margin -195.70%), so it's not profitable.
Its mall properties in dense metro areas are hard to replicate, but online shopping and anchor store closures (e.g., Macy's, JCPenney) are eroding foot traffic and tenant demand.
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Facts and opinions separated · All items sourced · Not investment advice
