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$GGP said suite-to-suite spreads were 13% for leases that commenced occupancy during the past 12 months. Total tenant sales, excluding anchors representing over 80% of the portfolio, grew over 2%. Leading categories were home furnishings followed by food and apparel. Sales per tenant occupying space less that 10,000 square feet fell 1.7% in 1Q16.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.