Bloomberg reports that its mall REIT index has fallen 5.4 percent year-to-date, making mall REITs the worst performing sector of the REIT universe. The reason mostly has to do with slowing growth in mall tenants' sales per sq. ft., the publication notes. Even though tenant sales growth has remained strong, rising 4.2 percent in the second quarter of 2013, it is down from its peak in the second quarter of 2012. Meanwhile, opportunities for growth through other ...
NREIonline.com Freemium Content
"Mall REIT Index Down as Sales Per SF Stagnate" is FREE to access as a registered user on NREIonline.com.
Why Register for NREIonline? It's simple and free, and here is what you get:
- Access to leading real estate industry research.
- Interactive rankings of commercial real estate professionals.
- Submit your own articles, (if approved) which will appear around the site.
- Ability to comment and interact on all site content.