🍎 🍕 Less apples, more pizza 🤔 Have you seen Buffett’s portfolio recently?Explore for Free

Pressure doesn't let up on retail landlords

Published 05/16/2017, 10:44 AM
© Reuters.  Pressure doesn't let up on retail landlords
US500
-
IYR
-
SPG
-
KIM
-
M
-
VER
-
ROIC
-
PEI
-
FRT
-
REG
-
WRI
-
CBLAQ
-
NNN
-
O
-
VNQ
-
  • 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


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.