ADDED
was approximately $ 3,378,785,572 based on the closing price on the New York Stock Exchange for such shares on June 30, 2025.
The Company is one of the leading owners and operators of outlet and other open-air retail destinations in the United States and Canada.
As of December 31, 2025, the Company and its wholly owned subsidiaries owned 115,097,359 units of the Operating Partnership and other limited partners (the "Non-Company LPs") collectively owned 4,662,904 Class A common limited partnership units.
In addition, as of December 31, 2025, 248,948 of long-term incentive plan units ( LTIP units ) were outstanding.
LTIP Units are intended to qualify as profits interests for U.S.
federal income tax purposes and are compensatory awards granted to service providers of the Company and the Operating Partnership.
Each LTIP unit, if and upon vesting, is convertible, upon the satisfaction of minimum allocations to the capital account of the LTIP unit for federal income tax purposes, into a non-voting Class C common unit of the Operating Partnership.
Each such Class C common unit may be exchanged by the holder for one common share of the Company.
Any forward-looking statements should be considered in light of the risks, uncertainties and other factors referred to in Item 1A.
Such risks and uncertainties include, but are not limited to: risks associated with general economic and financial conditions, including inflationary pressures and recessionary fears, newly-imposed and potentially additional U.S.
REMOVED
was approximately $ 2,894,711,226 based on the closing price on the New York Stock Exchange for such shares on June 30, 2024.
The Company is one of the leading owner and operators of outlet and open-air retail centers in the United States and Canada.
As of December 31, 2024, the Company and its wholly owned subsidiaries owned 112,738,633 units of the Operating Partnership and other limited partners (the "Non-Company LPs") collectively owned 4,707,958 Class A common limited partnership units.
These individuals are officers of the Company and employees of the Operating Partnership.
5 Forward-looking statements are not guarantees of future performance and involve estimates, projections, forecasts and assumptions, including as to matters that are subject to change or not within our control, and are subject to risks and uncertainties that could materially affect our actual results, performance or achievements.
and its subsidiaries, which we refer to as the Company, is one of the leading owners and operators of outlet and open-air centers in the United States and Canada.
As of December 31, 2024, our consolidated portfolio consisted of 31 outlet centers and 2 open-air lifestyle centers, with a total gross leasable area of approximately 13.0 million square feet, which were 98% occupied and contained over 2,500 stores representing approximately 600 store brands.
We also had partial ownership interests in 6 unconsolidated centers totaling approximately 2.1 million square feet, including 2 centers in Canada.
Our portfolio also includes two managed centers totaling approximately 760,000 square feet.
As of December 31, 2024, the Company and its wholly-owned subsidiaries owned 112,738,633 units of the Operating Partnership and the Non-Company LPs collectively owned 4,707,958 Class A common limited partnership units.