Macerich(MAC) - 2023 Q4 - Earnings Call Transcript

And I can tell you that this leasing pipeline of new store opening accounts for $64 million of incremental rent, which represents roughly 8% of our current net operating income and this incremental rent will continue to grow as we approve new deals and sign new leases. So to conclude, our leasing and operating metrics were very solid in 2023. There was only one bankruptcy in our portfolio in the fourth quarter and only 10% for all of 2023. The bankruptcies overall in both 2022 and 2023 were at their lowest ...