In the quarter 82 deals done; 74 of them for our existing comparable space at average first year new rents of $32.81 a foot compared with $29.80 a foot for the last year the previous lease, 10% increase. Two thirds of those deals were renewals and a 9% increase and one third were new tenants at a 12% increase. We saw that relative leasing strength in all three of our major geographic regions. We saw it in the North East, the Mid Atlantic and California, and we saw it among both shopping centers and mixed use properties.

Read the rest of this transcript for free on seekingalpha.com

If you liked this article you might like

Zombieland No More -- These New Retailers Are Invading Dying Malls

Cramer: We Seem to Be in a Period Free of Amazon Fear

Federal Realty: The Tide May Be Turning

Cramer: Top 10 Reasons Why the Bull Market Is Mistrusted