At 2017’s halfway mark, mall REITs continue to manage the fallout from anchor store closures, in-line tenant bankruptcies, single-digit NOI growth and a stock market determined not to overvalue their underlying properties.
Regional mall REITs delivered a negative year-to-date return of 11.7 percent,
according to NAREIT’s analysis of how 30 retail REITs performed by July
31. However, mall REIT’s chief executives remained optimistic that they
still had solid strategies to deliver value to shareholders and
property investors.. . . more