Shopping Center Social Media End of Year Report Q4 2012 1201 Peachtree Street NE, Suite 500 Atlanta, GA 30361 Phone: (404) 961-7600 www.alexanderbabbage.com © 2012 Alexander Babbage, Inc. All Rights Reserved www.alexanderbabbage.com Shopping Center Social Media End of Year Report Q4 2012 REPORT CREATORS Alexander Babbage continually monitors social media activity and consumer behaviors in the shopping center industry with benchmarks published quarterly. For more information about comparing your center or portfolio to benchmarks, contact: Alan McKeon at 404-961-7602 or [email protected] Charlotte Sykes at 404-961-7603 or [email protected] Hayley Jackson at 404-961-7616 or [email protected] Alexander Babbage, Inc., is an Atlanta based full-service research firm specializing in experiential research for destinations including shopping centers, professional sports teams, retailers, restaurants, the arts and financial institutions. It has the deepest experience and most extensive benchmark set among private research providers. Alexander Babbage acquired Stillerman Jones & Company in 2007 and MAXtrak® in 2004, making it the shopping center industry’s leading provider of market and shopper research. The Social Media database compares 1,643 shopping centers 300,000+ square feet in the United States including Alaska, Hawaii and Puerto Rico. Data and counts are effective as of January 2013. © 2012 Alexander Babbage, Inc. All Rights Reserved www.alexanderbabbage.com 2 Shopping Center Social Media End of Year Report Q4 2012 SUMMARY ANALYSIS Between 2011 and 2012 there was only a slight increase in shopping center industry presence on both Facebook and Twitter. Currently 71% of shopping centers use Facebook – up from 67% at year-end in 2011 – and 58% use Twitter – up from 55% at year-end 2011. The number of users engaging with shopping centers via social media showed a strong increase in 2012. There was a 111% increase in the number of users engaging with shopping centers on Facebook between 2011 (4,895 average likes per center) and 2012 (10,310 average likes per center), bringing the total number of Likes for the industry to 11.2 million – an increase of 2.5 million from 2011. There was a 75% increase in the number of Twitter Followers during the same period bringing the total number to nearly 1 million Followers in 2012 – up from 538,760 at the end of 2011. Several centers visibly increased activity across social media platforms between 2011 and 2012. Experiencing significant increases in the number of Facebook Likes and Twitter Followers, Bal Harbour Shops made it to both Top 10 lists of centers for growth in the number of Facebook Likes and Twitter Followers. Plaza Las Americas and Mall of America continue to duke it out, fighting for the top spot of the most Facebook Page Likes. Time Warner Shops and Opry Mills also experienced significant growth in the number of Twitter Followers between 2011 and 2012. The Cosmopolitan remains at the number one spot for a second year for the most Twitter Followers. Glimcher Realty Trust, Macerich, Madison Marquette, The Pyramid Companies and Westfield Corporation had 100% of their shopping centers using Facebook by the end of 2012. After analyzing Tweets per day and Klout Score rankings, it is clear that engaging content should be the main goal for shopping centers that leverage social media platforms. Frequency and consistency are equally important; however, centers should note more Tweets do not always mean more Likes or Followers and caution should be used not to over saturate social media platforms. © 2013 Alexander Babbage, Inc. All Rights Reserved www.alexanderbabbage.com 3 Shopping Center Social Media End of Year Report Q4 2012 SHOPPING CENTER SOCIAL MEDIA OVERVIEW The End of Year 2012 Report compares data from 1,643 centers (300,000 square feet or larger) across the United States including Alaska, Hawaii, and Puerto Rico. The report includes the analysis of shopping centers’ performances for the entire year of 2012 (January 1 – December 31, 2012, particularly focusing on Q2 2012 and Q4 2012) and compares it to the entire year of 2011 (January 1 – December 31, 2011, particularly focusing on Q2 2011 and Q4 2011). Because social media data is cumulative in nature, Q4 2011 and Q4 2012 represent the end of year data for each respective year. The report includes the growth and decline of centers’ Facebook pages and Twitter accounts as well as center rankings and industry averages of Facebook Page Likes and Twitter Followers. The analysis also includes average Tweets per day among the Top 10 centers with the highest number of Twitter Followers, Top 10 Influencers by Klout Score among Top 10 number of Facebook Page Likes and social media use of management companies with the highest number of shopping centers using the platforms. Number of Centers studied Center Type (300,000 square feet or larger) Super Regional Centers Regional Centers Lifestyle Centers Entertainment Centers Value Centers Total Industry Q2 ‘11 429 754 361 16 83 1,643 Q4 ‘11 429 754 361 16 83 1,643 Q2 ‘12 429 754 361 16 83 1,643 Q4 ‘12 429 754 361 16 83 1,643 Number of Centers studied using Facebook and Twitter Center Type Super Regional Centers Regional Centers Lifestyle Centers Entertainment Centers Value Centers Total Industry Using Facebook Q4 ‘11 357 441 215 11 74 1,098 Using Facebook Q4 ‘12 374 480 234 11 75 1,174 Using Twitter Q4 ‘11 311 339 170 9 69 898 © 2013 Alexander Babbage, Inc. All Rights Reserved www.alexanderbabbage.com Using Twitter Q4 ‘12 322 359 185 10 69 945 4 Shopping Center Social Media End of Year Report Q4 2012 FINDINGS Currently 71% of shopping centers use Facebook and 58% use Twitter to reach their shoppers. Both Facebook and Twitter showed a slight increase in usage between 2011 and 2012 year end analysis (a 6% increase for Facebook and 5% increase for Twitter). Though an increase in use for both Facebook and Twitter occurred overall between 2011 and 2012 (80 centers launched Facebook accounts and 45 centers launched Twitter accounts going into 2012), individual quarters of 2012 show a consistent level of usage by shopping centers on the social media platforms. The continuous usage indicates the industry has matured in the use of Facebook and Twitter, and the majority of centers use these forms of communication in some capacity. Percent of Centers using Facebook and Twitter 100% Facebook Twitter 80% 63% 60% 40% 52% 54% 42% 71% 71% 55% 57% 58% 58% Q4 '11 Q2 '12 Q3 '12 Q4 '12 67% 54% Q3 '11 56% 38% 29% 71% 66% 45% 46% Q4' 10 Q1 '11 51% 34% 20% 27% 0% Q1 '10 Q2 '10 Q3 '10 Q2 '11 Percent change in Shopping Center Facebook and Twitter Use 100% 80% 6% 5% 60% Q4 '11 40% Q4 '12 20% 0% Facebook Twitter © 2013 Alexander Babbage, Inc. All Rights Reserved www.alexanderbabbage.com 5 Shopping Center Social Media End of Year Report Q4 2012 FACEBOOK PENETRATION Regional Centers (9% change increase) and Lifestyle Centers (10% change increase) experienced the greatest growth in number of centers joining Facebook between 2011 and 2012. Forty-one Regional Centers launched Facebook pages during 2012, and 23 Lifestyle Centers launched Facebook pages during 2012 (15 within the first half of 2012, with an additional 8 toward the latter part of the year). Value Centers and Super Regional Centers continue to have the most centers using Facebook. Entertainment Centers showed no growth between the years, having no centers launching or deactivating Facebook Pages between 2011 and 2012. Overall, 2012 shows that centers are seeing value in Facebook and they are maintaining their Facebook pages as an integral communications tool. Percent of Centers using Facebook by Center Type 100% 80% 60% 40% 20% 0% Q1 '10 Q2 '10 Super Regional Centers Q3 '10 Q4 '10 Regional Centers Center Type Super Regional Centers Regional Centers Lifestyle Centers Entertainment Centers Value Centers Industry Average Q1 '11 Q2 '11 Lifestyle Centers Q2 ‘11 78% 54% 56% 69% 37% 63% Q4 ‘11 83% 59% 60% 69% 89% 67% Q3 '11 Q4 '11 Entertainment Centers Q2 ‘12 88% 64% 63% 69% 90% 71% Q2 '12 Q3 '12 Value Centers Q4 ‘12 88% 64% 66% 69% 90% 71% © 2013 Alexander Babbage, Inc. All Rights Reserved www.alexanderbabbage.com Q4 '12 Industry Average Percent change Q4 ‘11 to Q4 ‘12 6% 9% 10% 0% 2% 7% 6 Shopping Center Social Media End of Year Report Q4 2012 FACEBOOK PAGES Facebook user interaction remains strong for centers that are active on the platform. The average number of Facebook Likes per center was 10,329 at the end of 2012, which was a 111% increase from the average of 4,895 fans per center at the end of 2011. Facebook Likes increased in every shopping center type. Percent Change - Average Number of Facebook Page Likes Q2 ‘11 5,175 Q4 ‘11 7,412 Q2 ‘12 11,522 Q4 ‘12 15,062 Percent change Q4 ‘11 to Q4 ‘12 103% Regional Centers 1,606 2,480 4,008 5,560 124% Lifestyle Centers 3,475 4,566 6,190 7,674 68% 11,275 18,698 33,885 43,049 130% Value Centers* 3,551 6,145 6,206 7,836 28% Industry Average 3,517 4,895 7,464 10,329 111% Center Type Super Regional Centers Entertainment Centers * Tanger Outlets are excluded from this count because all branded centers share the same social media platforms creating an outlier. Premium Outlets are excluded from this count because all branded centers share the same social media platforms creating an outlier. The greatest growth came from Entertainment Centers. The average number of Facebook Likes per center in this category has increased by 130% since Q4 2011 (an increase of 24,351 likes). The average number of Likes for Entertainment Centers (43,049) is just more than four times higher than the industry average. Metreon (a Westfield Corporation center) grew the most in this category increasing Facebook Likes from 259 in 2011 to 4,135 in 2012. Though at half the industry average for number of Likes, Regional Centers had the second highest growth rate between 2011 and 2012 (124%). The average number of Facebook Likes per center more than doubled between year-end 2011 and year-end 2012, increasing by 3,080. Coming in second for average number of Likes in 2012 (15,062), Super Regional Centers showed impressive growth increasing at a 103% change between 2011 and 2012. With the addition of 23 centers using Facebook, Lifestyle Centers showed a 68% increase between 2011 and 2012. These centers are continually increasing Page Likes on average about 1,400 Likes over each six-month period. Value Centers (excluding Tanger Outlets and Premium Outlets) showed a gradual percent change increase between 2011 and 2012 (28%) growing 1,691 Facebook Likes since year-end 2011. © 2013 Alexander Babbage, Inc. All Rights Reserved www.alexanderbabbage.com 7 Shopping Center Social Media End of Year Report Q4 2012 Average number of Facebook Page Likes per Center Super Regional Centers 7,412 5,175 15,062 11,522 Q4 '12 Q2 '12 5,560 4,008 2,480 1,606 Regional Centers Q4 '11 Q2 '11 7,674 6,190 4,566 3,475 Lifestyle Centers Entertainment Centers 11,275 33,885 18,698 43,049 7,836 6,206 6,145 3,551 Value Centers - 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 50,000 Industry Average = 10,329 Top 10 - Facebook Page Likes Growth (by Centers who met or exceeded industry average for Facebook Page Likes) Rank 1 2 3 4 5 6 7 8 9 10 Center Name Bal Harbour Shops Westfield West Covina Westfield UTC Westfield Topanga Woodfield Mall Glendale Galleria Downtown Disney The Tucson Mall Memorial City Mall Fayette Mall Management Company Bal Harbour Shops Westfield Corporation Westfield Corporation Westfield Corporation The Taubman Company General Growth Properties, Inc. Walt Disney Company General Growth Properties, Inc. Memorial City Mall, L.P. CBL & Associates Properties, Inc. Center Type RC SR SR SR SR LC EC SR SR SR Square Feet 520,000 1,185,065 1,064,752 1,438,874 2,224,000 1,500,000 300,000 1,310,000 1,700,000 1,428,091 Facebook Likes Q4 ‘11 6,339 9,072 10,446 11,206 11,973 4,942 17,644 7,295 17,157 8,057 Industry Average Q4 ‘11 = 4,895 © 2013 Alexander Babbage, Inc. All Rights Reserved www.alexanderbabbage.com Facebook Likes Q4 ‘12 55,372 50,756 51,715 50,642 52,702 21,669 74,394 28,101 65,121 30,289 % change Q4 ‘11 to Q4 ‘12 774% 459% 395% 352% 340% 338% 322% 285% 280% 276% Industry Average Q4 ‘12 = 10,329 8 Shopping Center Social Media End of Year Report Q4 2012 By year-end 2012, seven shopping centers were new to the Top 20 group since 2011. This is the group of 20 centers with the highest numbers of Facebook page Likes. The top two centers on the list, Plaza Las Americas and Mall of America, represent Super Regional Centers. Their numbers of fans are more than two times higher than the third ranking center on the list which is Universal CityWalk, an Entertainment Center. Bal Harbour Shops experienced the highest jump on the list, moving up 182 positions between 2011 and 2012. Top 20 - Number of Facebook Page Likes Rank Q4 ‘12 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Rank Q4 ‘11 2 1 7 4 8 3 6 5 44 27 23 49 9 16 12 11 25 200 10 77 Center Name Plaza Las Americas Mall of America Universal CityWalk The Cosmopolitan Westfield Valley Fair King of Prussia Mall The Galleria Westfield Garden State Plaza Downtown Disney Ontario Mills Westfield Fox Hills Memorial City Mall The Grove Opry Mills Broadway at the Beach Seminole Paradise Florida Mall Bal Harbour Shops Aventura Mall Woodfield Mall Management Company Plaza Las Americas, Inc. Triple Five Corp. Universal CityWalk 3700 Associates, LLC Westfield Corporation Kravco Simon Company Simon Property Group, Inc. Westfield Corporation Walt Disney Company Simon Property Group, Inc. Westfield Corporation Memorial City Mall, L.P. Caruso Affiliated Simon Property Group, Inc. Burroughs & Chapin Co Inc The Cordish Company Simon Property Group, Inc. Bal Harbour Shops Turnberry Associates The Taubman Company Center Type SR SR EC LC SR SR SR SR EC SR RC SR LC SR EC EC SR RC SR SR Square Feet 2,174,000 4,200,000 400,000 300,000 1,477,679 2,690,922 2,221,000 2,128,402 300,000 1,365,440 1,059,699 1,700,000 575,000 1,166,379 700,000 350,000 1,769,207 520,000 2,099,768 2,224,000 Facebook Likes Q4 ‘11 203,085 306,700 48,308 62,210 46,948 68,666 56,626 59,833 17,644 21,741 22,960 17,157 34,906 27,575 31,703 33,530 22,055 6,339 33,577 11,973 Facebook Likes Q4 ‘12 432,874 421,151 160,983 124,810 102,728 85,653 85,411 80,943 74,394 67,972 67,534 65,121 62,183 59,338 56,349 55,708 55,603 55,372 53,126 52,702 * All Premium Outlet centers have been combined and are counted as 1 center studied because all shopping centers share the same url for each Facebook and Twitter account. © 2013 Alexander Babbage, Inc. All Rights Reserved www.alexanderbabbage.com 9 Shopping Center Social Media End of Year Report Q4 2012 TWITTER PENETRATION The use of Twitter among shopping centers was nearly unchanged in 2012. There were 945 Twitter accounts across all centers in 2012 – a 5% increase compared to the 898 shopping center Twitter accounts at the end of 2011. For 2012, growth in Twitter penetration came mainly from Lifestyle Centers where penetration grew at a 9% (12 Lifestyle Centers launched their Twitter accounts within the year). Regional Centers experienced the second highest growth rate (7%) year-over-year as a result of the 24 centers that activated a Twitter account during 2012. Super Regional Centers showed a 5% increase between 2011 and 2012 (with 11 centers creating Twitter accounts during 2012). There were no changes in Value or Entertainment Centers year-over-year. Percent of Centers on Twitter by Center Type 100% 80% 60% 40% 20% 0% Q1 '10 Q2 '10 Super Regional Centers Q3 '10 Q4 '10 Regional Centers Center Type Super Regional Centers Regional Centers Lifestyle Centers Entertainment Centers Value Centers Industry Average Q1 '11 Q2 '11 Lifestyle Centers Q2 ‘11 68% 42% 44% 56% 81% 51% Q4 ‘11 73% 45% 47% 56% 83% 55% Q3 '11 Q4 '11 Entertainment Centers Q2 ‘12 76% 47% 50% 56% 83% 57% Q2 '12 Q3 '12 Value Centers Q4 ‘12 76% 48% 51% 56% 83% 58% © 2013 Alexander Babbage, Inc. All Rights Reserved www.alexanderbabbage.com Q4 '12 Industry Average Percent change Q4 ‘11 to Q4 ‘12 5% 7% 9% 0% 0% 5% 10 Shopping Center Social Media End of Year Report Q4 2012 TWITTER FOLLOWERS In 2012, the number of Twitter Followers trended upward across all center types. U.S. shopping centers (300,000 square feet or larger) had on average 1,124 Twitter Followers year end 2012 compared to 644 Followers in 2011 (75% increase). Percent Change - Average Number of Twitter Followers Q2 ‘11 455 Q4 ‘11 558 Q2 ‘12 684 Q4 ‘12 827 Percent change Q4 ‘11 to Q4 ‘12 48% Regional Centers 245 290 380 487 68% Lifestyle Centers 978 1,313 1,930 2,380 81% 2,016 3,075 5,208 4,934 60% Value Centers* 639 812 837 890 10% Industry Average 504 644 871 1,124 75% Center Type Super Regional Centers Entertainment Centers * Tanger Outlets are excluded from this count because all branded centers share the same social media platforms creating an outlier. Premium Outlets are excluded from this count because all branded centers share the same social media platforms creating an outlier. Entertainment and Lifestyle Centers exceeded the industry average number of followers for Q4 2012. The average number of Twitter Followers for Entertainment Centers was 4,934, which is four times the overall average for the industry. Lifestyle Centers had the second highest average number of Twitter Followers but saw the highest growth rate at 81%. Of centers that met the industry average, Time Warner-Shops, a property in New York City, had the highest rate of growth at a 544% – adding 4,794 Followers between 2011 and 2012. Regional Centers had the second highest growth rate at a 68%. Bal Harbour Shops topped the list of Regional Centers with the most Twitter Followers – 12,430 at the end of 2012. Super Regional Centers had an average of 827 Followers at the end of 2012. Mall of America, a Super Regional property in Bloomington, Minnesota, had the highest number of Twitter Followers for the center type at 20,310 – up 8,000 Followers from 2011. Opry Mills, a Super Regional property in Nashville, Tennessee, had the highest year-over-year growth rate in this category (439%) between 2011 and 2012. © 2013 Alexander Babbage, Inc. All Rights Reserved www.alexanderbabbage.com 11 Shopping Center Social Media End of Year Report Q4 2012 Average number of Twitter Followers per Center 827 684 558 455 Super Regional Centers Q4 '12 Q2 '12 487 380 290 245 Regional Centers Q4 '11 Q2 '11 Lifestyle Centers 978 1,313 1,930 2,380 Entertainment Centers 4,934 5,208 3,075 2,016 890 837 812 639 Value Centers - 1,000 2,000 3,000 4,000 5,000 6,000 Industry Average = 1,124 Top 10 - Twitter Followers Growth (by Centers who met or exceeded industry average for Twitter Followers) Center Type Square Feet Twitter Followers Q4 ‘11 Twitter Followers Q4 ‘12 % change Q4 ‘11 to Q4 ‘12 Rank Center Name Management Company 1 Time Warner-Shops Related Management Corp. LC 348,200 882 5,676 544% 2 Opry Mills Simon Property Group, Inc. SR 1,166,379 1,539 8,290 439% 3 Bal Harbour Shops Bal Harbour Shops RC 520,000 2,581 12,430 382% 4 The Shops at Anaheim GardenWalk Excel Realty Holdings, LLC LC 450,000 6,352 29,558 365% 5 Crystals at CityCenter MGM Mirage Retail LC 500,000 2,635 8,278 214% 6 Plaza Las Americas Plaza Las Americas, Inc. SR 2180000 1,917 5,115 167% 7 Arundel Mills Simon Property Group, Inc. SR 1,293,286 1,167 3,009 158% 8 Aventura Mall Turnberry Associates SR 2,099,164 1,594 4,090 157% 9 The Cosmopolitan 3700 Associates, LLC LC 300,000 43,579 108,423 149% 10 CityCentre Midway Companies LC 649,827 1,439 3,485 142% Industry Average Q4 ‘11 = 644 © 2013 Alexander Babbage, Inc. All Rights Reserved www.alexanderbabbage.com Industry Average Q4 ‘12 = 1,124 12 Shopping Center Social Media End of Year Report Q4 2012 Most of the Top 20 centers for the highest number of Twitter Followers in Q4 2012 also were on the list in Q4 2011. Three centers made their way onto the list by the end of 2012. Bal Harbour Shops, Opry Mills and Time Warner-Shops made their highest climbs from their positions in 2011. Time Warner-Shops, a Lifestyle Center in New York City, had the highest jump by increasing the number of followers six times since 2011, reaching 5,676 Followers (and moving from number 139 in 2011 to number 19 on the Top 20 list in 2012). Featuring more than 40 specialty retailers and attracting affluent shoppers, the shopping center uses its Twitter account in conjunction with “The Buzz,” a blog on their main website and Facebook (cross linking their content on each platform). The center positions its Twitter account as an entertainment feed, Tweeting about events at The Shops, promoting specials, and engaging Followers with Twitpics of restaurants and clothiers on property. Top 20 - Number of Twitter Followers Center Type Square Feet Twitter Followers Q4 ‘11 Twitter Followers Q4 ‘12 3700 Associates, LLC LC 300,000 43,579 108,423 The Grove Caruso Affiliated LC 575,000 25,219 49,415 8 The Shops at Anaheim GardenWalk Excel Realty Holdings, LLC LC 450,000 6352 29,558 4 3 Mall of America Triple Five Corp. SR 2,768,399 12,309 20,310 5 4 Universal CityWalk Universal CityWalk EC 400,000 9,350 17,999 6 6 Atlantic Station North American Properties EC 1,500,000 7,653 13,729 7 31 Bal Harbour Shops Bal Harbour Shops RC 520,000 2,581 12,430 8 5 Ala Moana Center General Growth Properties, Inc. SR 2100000 8,614 11,141 9 12 The Americana at Brand Caruso Affiliated RC 475,000 4,414 9,485 10 9 Patriot Place Strategic Retail Advisors LC 1,300,000 5,205 9,194 11 72 Opry Mills Simon Property Group, Inc. SR 1,166,379 1,539 8,290 12 29 Crystals at CityCenter MGM Mirage Retail LC 500,000 2,635 8,278 13 n/a Gilbert Town Square* Triple Five AZ Development Corp. LC 500,000 n/a 8,187 14 7 Dana Park Village Square Triple Five AZ Development Corp. LC 400,000 7,611 7,757 15 11 NorthPark Center NorthPark Management Company SR 2,000,000 4,468 6,852 16 13 The Galleria Simon Property Group, Inc. SR 2,350,308 4,413 6,591 17 15 Winter Park Village Casto LC 522,000 3,624 6,151 18 10 Pearlridge Center Glimcher Realty Trust SR 1300000 5,025 6,034 19 139 Time Warner-Shops Related Management Corp. LC 348,200 882 5,676 20 17 Asbury Park Madison Marquette LC 400,000 3,322 5,528 Rank Q4 ‘12 Rank Q4 ‘11 Center Name Management Company 1 1 The Cosmopolitan 2 2 3 * No Twitter account in Q4 2011 © 2013 Alexander Babbage, Inc. All Rights Reserved www.alexanderbabbage.com 13 Shopping Center Social Media End of Year Report Q4 2012 ENGAGEMENT Though frequency and consistency is a crucial part of developing a Twitter audience, the content of Tweets cannot be ignored. Creating content that is engaging, relevant and good quality are the most important factors for attracting and retaining Followers on Twitter. The top centers with the highest number of Twitter Followers are shown on the following page with the centers’ average number of Tweets per day. Klout scores, a measure of influence in social media (more information available found in the Appendix – Glossary of Terms), are shown as well to represent the effectiveness of those Tweets. Depending on a center’s Twitter strategy, the numbers below represent either how well a center is attracting new audiences or how well they are maintaining their current audience. Bal Harbor Shops, The Shops at Anaheim GardenWalk and The Cosmopolitan had lower Klout scores, but these centers also had the highest growth in Twitter Followers between 2011 and 2012 among those centers with the highest number of Twitter Followers (see following page). Mall of America and Atlantic Station had the highest Klout scores among those centers with the highest number of Twitter Followers, but these centers also had slower growth rates – an indication that the primary focus for these centers is maintaining Followers – not necessarily growing Followers. The Grove represents a center that uses both strategies in tandem showing a high Klout score of 80 in 2012 as well as a 96% increase in Twitter Followers between 2011 and 2012. Higher Klout scores are achieved through the active engagement of Followers; therefore, it is possible to have a high number of Followers, but a low Klout score. Conversely, it is possible to have a relatively low number of Followers, but a high Klout score when Followers are actively engaged (replying, commenting, retweeting, etc.) © 2013 Alexander Babbage, Inc. All Rights Reserved www.alexanderbabbage.com 14 Shopping Center Social Media End of Year Report Q4 2012 Average Tweets per day (among the Top 10 - Number of Twitter Followers) 120,000 35 108,423 30 100,000 30.1 25 80,000 20 60,000 49,415 40,000 29,558 9.7 20,310 6.2 20,000 16.1 4.2 17,999 4.6 15 7.8 13,729 12,430 11,141 9,485 3.6 3.7 The The Grove The Shops at Cosmopolitan Anaheim GardenWalk 72 80 56 Mall of America Universal CityWalk Atlantic Station Bal Harbour Shops 84 63 83 77 Twitter Followers Q4 '12 10 5 9,194 2.3 0 Ala Moana The Patriot Place Center Americana at Brand 66 78 56 Tweets per day Q4 '12 Growth of Twitter Followers (among the Top 10 - Number of Twitter Followers) Center Type Twitter Followers Q4 '11 Twitter Followers Q4 '12 % change 2011 to 2012 Klout Score Bal Harbour Shops RC 2,581 12,430 382% 77 The Shops at Anaheim GardenWalk LC 6,352 29,558 365% 53 The Cosmopolitan LC 43,579 108,423 149% 72 The Americana at Brand RC 4,414 9,485 115% 78 The Grove LC 25,219 49,415 96% 80 Universal CityWalk EC 9,350 17,999 93% 63 Atlantic Station EC 7,653 13,729 79% 83 Patriot Place LC 5,205 9,194 77% 56 Mall of America SR 12,309 20,310 65% 84 Ala Moana Center SR 8,614 11,141 29% 66 Center Name © 2013 Alexander Babbage, Inc. All Rights Reserved www.alexanderbabbage.com 15 Shopping Center Social Media End of Year Report Q4 2012 DEVELOPERS Excluding Tanger Factory Outlet Centers (all centers are represented with one Facebook and one Twitter account), developers with 100% of their shopping centers on Facebook in 2012 among management companies with the highest number of centers were Macerich, Westfield Corporation, Glimcher Realty Trust, Madison Marquette and The Pyramid Companies. Simon Property Group, Inc and General Growth Properties came close with 96% and 95% respectively of centers on Facebook. Kimco Realty Corporation and The Taubam Company had the most growth of centers joining Facebook between 2011 and 2012. Glimcher Realty Trust (100%) had the most shopping centers with Twitter accounts in 2012. General Growth Properties saw a decline of 15 shopping centers (-11% change) no longer using Twitter between 2011 and 2012 (Twitter urls not identified on shopping center homepage of website). Management companies with the highest number of centers Social Media Use Management Company Simon Property Group, Inc. General Growth Properties, Inc. CBL & Associates Properties, Inc. Macerich Westfield Corporation Jones Lang LaSalle Developers Diversified Realty Pennsylvania R/E Investment Trust Glimcher Realty Trust Forest City Enterprises The Taubman Company Tanger Factory Outlet Centers, Inc Kimco Realty Corporation The Cafaro Company Vornado Realty Trust Inland Westcor CB Richard Ellis Casto Centro RED Development Madison Marquette Mid-America Real Estate Group The Pyramid Companies Poag & McEwen Lifestyle Ctrs, LLC Number of centers 228 186 83 55 54 49 34 32 23 23 20 18 17 17 16 16 12 12 11 11 11 9 9 9 8 % with Facebook 2011 95% 95% 46% 96% 100% 83% 35% 81% 100% 83% 29% 100% 6% 35% 13% 59% 92% 46% 36% 73% 75% 88% 11% 100% 71% % with Facebook 2012 96% 95% 52% 100% 100% 84% 26% 84% 100% 83% 80% 100% 24% 59% 25% 63% 92% 50% 36% 73% 91% 100% 11% 100% 88% % change 2011 to 2012 1% 0% 13% 4% 0% 1% -24% 4% 0% 0% 176% 0% 299% 68% 92% 6% 0% 9% 1% 0% 21% 14% 1% 0% 23% © 2013 Alexander Babbage, Inc. All Rights Reserved www.alexanderbabbage.com % with Twitter 2011 91% 93% 42% 96% 56% 61% 25% 58% 100% 83% 24% 100% 0% 0% 7% 19% 92% 36% 36% 9% 58% 75% 11% 63% 71% % with Twitter 2012 91% 83% 48% 98% 89% 67% 32% 53% 100% 83% 30% 100% 12% 6% 6% 25% 92% 42% 36% 18% 82% 89% 11% 75% 88% % change 2011 to 2012 0% -11% 15% 2% 59% 9% 29% -8% 0% 0% 25% 0% n/a n/a -11% 32% 0% 16% 1% 100% 41% 19% 1% 19% 23% 16 Shopping Center Social Media End of Year Report Q4 2012 APPENDIX © 2013 Alexander Babbage, Inc. All Rights Reserved www.alexanderbabbage.com 17 Shopping Center Social Media End of Year Report Q4 2012 GLOSSARY OF TERMS Center Type Super Regional Center [SR] – Similar to a Regional center, but because of its larger size, a Super Regional center has more anchors, a deeper selection of merchandise, and draws from a larger population base. As with Regional centers, the typical configuration is an enclosed mall, frequently with multi levels Regional Center [RC] – This center type provides general merchandise (a large percentage of which is apparel) and services in full depth and variety. Its main attractions are its anchors: traditional, mass merchant, or discount department stores or fashion specialty stores. A typical Regional center is usually enclosed with an inward orientation of the stores connected by a common walkway and parking surrounds the outside perimeter Lifestyle Center [LC] – Most often located near affluent residential neighborhoods, this center type caters to the retail needs and “lifestyle” pursuits of consumer in its trading area. It has an open-air configuration and typically includes retail space occupied by upscale national chain specialty stores. These center may or may not be anchored by one or more conventional or fashion specialty department stores Value Center [VC] – A center that includes outlet tenants as well as superstores, catalog, retail clearing houses, offprice or discounters, and food vendors Entertainment Center [EC] – A shopping center that encompasses theaters, restaurants and related retail Social Media Terms Facebook – A publication for an organization, such as a school or business, which helps members identify each other; also, an online version of this, with profiles including a picture, name, birth date, interests, etc. Facebook Page – Pages are for businesses, organizations and brands to share their stories and connect with 1 people Facebook Page Like – An action performed by Facebook members on a business, brand or product Page. Liking a page allows the member to connect to the business, brand or product [formerly known as a Facebook “Fan”]. Follow – To follow someone on Twitter means to subscribe to their Tweets or updates on the site. Follower – A follower is another Twitter user who has followed you Instagram – A photosharing application on mobile devices 2 Klout – The Klout Score, a number between one and 100, is a representation of overall social media influence . It is a calculated number based on online activity that allows us to report on a center’s ability to interact with and influence those with whom they connect. Actions used to measure influence include Twitter re-tweets and mentions; Facebook comments, wall posts, and likes, LinkedIn comments, likes; Foursquare tips, to-do’s, done; and Google + comments, re-shares, +1 (a way to indicate your public stamp of approval on Google+) Twitpic – An image uploaded to a user’s newsfeed on Twitter Twitter – An information network made up of 140-character messages, typically sent as text messages. Tweet – A message posted via Twitter containing 140 characters or fewer Sources: 1 https://www.facebook.com/help/219443701509174/ 2 http://klout.com/#/corp/what_is_klout © 2013 Alexander Babbage, Inc. All Rights Reserved www.alexanderbabbage.com 18 Shopping Center Social Media End of Year Report Q4 2012 Management Company Affiliations Management Company Aggregated by CBL & Associates Properties CBL & Associates Properties, Inc. , CBL RM-Waco LLC CB Richard Ellis CB Richard Ellis, CBRE Louisville, CBRE/MEGA Forest City Forest City Enterprises, Forest City Commercial Management, Forest City Management, Forest City Ratner Companies General Growth Properties General Growth Properties, Inc., c/o Grand Teton Mall Inland Inland Southwest Management, Inland American Retail Mgmt LLC, Inland Commercial Property Mgmt, Inland Pacific Property Svcs LLC, Inland US Management LLC, Inland Continental Property Mgmt. RED Development RED Development , RED Asset Management, Inc. Simon Property Group Simon Property Group, Inc., Simon Property Group (Chelsea), Kravco Simon Company, Premium Outlets The Pyramid Companies The Pyramid Companies, c/o Aviation Mall Vornado Realty Trust Vornado Realty Trust , Vornado/Charles E. Smith © 2013 Alexander Babbage, Inc. All Rights Reserved www.alexanderbabbage.com 19 Shopping Center Social Media End of Year Report Q4 2012 400 Colony Square, 1201 Peachtree Street NE, Suite 500, Atlanta, GA 30309 Phone: (404) 961-7600 Fax: (404) 961-7601 www.alexanderbabbage.com © 2013 Alexander Babbage, Inc. All Rights Reserved www.alexanderbabbage.com 20
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