Tuesday, August 15, 2017

Mall REITs Grappled with Tenant Closures in Second Quarter

mall reit tenant closuresAt 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

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