Last year around this time, several publications (including us) ran stories about the death of the American mall.
They were supposed to be a relic from the days of cheap gas, ever-expanding suburbs, and an American consumer with unlimited access to credit.
But that was a premature obituary. Like many different things expected to die during the crisis, things have actually come back nicely.
Investor Bill Ackman — who profited enormously on the way down — remains a super-bull on malls.
The Investment Linebacker blog got a hold of his amazing presentation at the International Council of Shopping centres on the state of mall REITs. We highly recommend checking it out.