Like the majority of the U.S. REIT universe, shopping center REITs outperformed analyst expectations in the first quarter of 2009, largely because of low performance guidelines. Out of 13 sector REITs, more than half beat consensus analyst...
Real Capital Analytics' Capital Trends Monthly report reveals how quiet the investment sales market has become on retail properties. In line with every core property type, retail asset sales volume, at $1.9 billion, was down more than 90 percent...
Federal Realty Investment Trust (NYSE: FRT) closed a new $372 million unsecured term loan facility. Proceeds from the financing were utilized to retire the trust's previous $200 million term loan which was due November 6, 2009 and provide...
In spite of the most challenging retail environment in recent history, the six regional mall REITs that have reported their first quarter results have emerged from the carnage in decent shape. All outperformed consensus analyst estimates, by a...
With the tremendous pullback in consumer spending, neighborhood and community shopping centers recorded negative net absorption of 8.2 million square feet in the first quarter of 2009. That number is almost as large as the total for all of 2008...
For the past year, the retail real estate industry has been waiting with bated breath for some kind of resolution on the fate of General Growth Properties, the giant mall REIT that took on too much debt at precisely the wrong time. Now that the...
