Thursday, November 29, 2018

Top-Tier Mall REITs Post Solid Performance in the Third Quarter

NREI
While the retail sector continues to face challenges, REITs that own top-tier malls are posting solid performance numbers and respectable earnings.

Despite record numbers of retail bankruptcies and store closures over the last couple of years, several big mall REITs, including Simon Property Group, Macerich and Taubman Centers, reported increased store sales and occupancies in third quarter, solid measures of how their properties are performing.. . . more