Judy Weil

Conference Call Highlights: Update on Retail and Mall REITs

To Xom-only,

I prefer to locate and give over the information, then let people draw their own conclusions. I hope the conference call excerpts are helpful.

To Moosebump and Jegan,

Duly noted and I've removed BXP, VNO and BPO, all of which have retail exposure, to better examples of purely retail REITs.

I included VNO because Yahoo Finance lists the company as a competitor to SPG, GGP and MAC, and then BXP and BPO in line with VNO. But as you noted, there are better examples out there.

Thanks for the feedback,
Judy