Today was just brutal for mall REITs. Many had been trading at or near 52-week lows already. But you could say that about a lot of companies in many sectors. And, for the most part, declines at mall REITs have been relatively in-line with the broader market. Today was a bit different, however. General Growth ended the day down 41.94 percent at $4.50 per share. The Dow was down 5 percent. Many other mall REITs fell by 10 percent or more.
Here's a look at the bloodbath.
- Taubman Centers, $35.70 -10.14 percent
- Simon Property Group, $73.01, -10.23 percent
- Macerich Co., $41.52, -11.23 percent
- PREIT, $11.22, -19.16 percent
- Glimcher Realty Trust, $6.19, -23.99 percent
- CBL & Associates Properties, $9.02, -35.98 percent
In contrast, other retail REITs were down today, but not by nearly as large margins.
- Saul Centers, $42.70, -0.93 percent
- Kite Realty Group, $9.63, -2.73 percent
- Agree Realty Corp., $23.87, -3.09 percent
- Equity One, $17.90 -3.87 percent
- Acadia Realty Trust, $22.04 -3.97 percent
- Weingarten Realty Investors, $26.98, -5.40 percent
- Regency Centers, $49.94, -6.37 percent
- Federal Realty Trust, $66.32, -6.37 percent
- Cedar Shopping Centers, $11.04, -6.91 percent
- Inland Realty Corp., $12.25, -6.99 percent
- Urstadt Biddle, $16.40, -8.02 percent
- Kimco Realty Corp., $27.67, -8.71 percent
- Ramco-Gersenson Properties Trust, $17.88, -11.00 percent
- Developers Diversified Realty, $22.26, -12.74 percent
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