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Mall REIT Index Down as Sales Per SF Stagnate


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 ... Freemium Content

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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