Pressure doesn't let up on retail landlords

Published 05/16/2017, 10:44 AM
© Reuters.  Pressure doesn't let up on retail landlords
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  • The S&P 500 retail REITs index is lower by another 1.2% today, and now off more than 5% in just the last three-plus sessions.
  • Sales misses from Macy's (NYSE:M) and Kohl's hit the names late last week, and today there's weak numbers from TJX - a discount retailer which has often bucked the troubles of the general sector, notes fast FT - and a sales miss/disappointing outlook from Dick's.
  • And don't forget a Chapter 11 filing from Rue21.
  • Simon Property (SPG -1.2%), Kimco (KIM -2.7%), Weingarten (WRI -2.3%), PREIT (PEI -4.4%), Retail Opportunity (ROIC -2.4%), Federal Realty (FRT -1.7%), CBL (CBL -3.1%), Regency Centers (REG -2.1%), Realty Income (O -2%), National Retail (NNN -2.5%), Vereit (VER -1.5%)
  • Broad equity REIT ETFs: IYR -0.6%, VNQ -0.8%
  • Now read: Reports On The Death Of Retail Real Estate Have Been Grossly Exaggerated


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