Any particular reason, or is this just a hunch. Note GGP out of BK and trading up - market seems to support well-operated and well financed real estate operations.
Latest retail stats (sales, rents) show modest improvement. Latest employment numbers also slightly improved. Recent elections suggest Washington at worst a stalemate preventing the pols from doing any further harm and perhaps a greater focus on the economy will boost the markets. Need to look forward, not back - SPG operates very lean, any up-turn will drop right to bottom line. Market seems to be anticipating improving conditions with share price.