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Indianapolis-based Simon Property Group is the largest shopping mall operator in the U.S. Here’s how it came to be and what the future holds for the company.

Indianapolis Star

Simon Property Group told investors Monday that the real estate investment and retail company earned $723 million from third quarter operations, which is slightly down from the previous quarter but falls far short of pre-pandemic levels.

However, David Simon, the company’s president and CEO, struck a more optimistic tone on the earnings call by emphasizing that more retailers are paying rent as customers start to come back to shopping centers and as the company adapts to natural disasters, protests and a once-in-a-century pandemic.

“We have withstood COVID. We have withstood government shutdown. We have withstood the lack of federal and state help, especially in real estate taxes,” he said. “We have withstood fires in northern California, hurricanes in Louisiana and