NREI Online
Retail REITs have been punished in spite of the fact that they tend
to own higher-quality assets, while it’s lower-quality malls and
shopping centers that tend to be hit hardest by challenges like
e-commerce, Brad Case, senior vice president of research and industry
information with NAREIT says.
“I think regional malls
and shopping centers are due for a good year this year,” says Matt
Werner, managing director and portfolio manager at Houston-based
investment advisory firm Chilton Capital Management LLC, citing the
potential for stepped-up mergers and acquisitions activity. By and
large, REIT stocks are undervalued, Case says, and stock prices are
lower than they should be based on the strength of the industry.. . . more
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