Simon Property Group, the King of Prussia Mall owner, has had an amazing year thanks to its bet on brick-and-mortar amid the growth of online shopping, according to a staff report from PYMNTS.com.

“We kicked the crap out of ‘21,” said David Simon, the chairman and CEO of Simon Property Group, during the company’s earnings call last week. “It was an unbelievable year. We took a bet that the world of bricks-and-mortar was not going to end. We bet on our company. We made the right bet and it produced the results that we wanted to see.”

The trailing results for the last three months of 2021 came in above analyst expectations, and Simon’s outlook for the current year and beyond is equally optimistic.

“So I think we’re very optimistic about 2022 leases,” said Simon. “A lot of new business with a lot of new tenants is the goal and we expect to increase occupancy compared to [2021].”

Simon is also planning to further integrate Reebok, which it acquired from Adidas for $2.5 billion six months ago, into the operations of its SPARC Group.

Read more about Simon Property Group, the King of Prussia Mall, and online retail shopping at PYMNTS.com.

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