The Wall Street Journal
balance sheets of many of the largest U.S. mall owners have managed to
dodge much of the carnage in the retail world caused by failing
retailers, according to a new report by Moody’s Investors Service.
retailers like Sears Holdings Corp. and Toys R Us Inc. account for only
3.9% of the total leasable space in the 22 retail real-estate
investment trusts that Moody’s tracks. Only two REITs tracked by
Moody’s— CBL & Associates and Washington Prime—face an exposure
of over 10%, a level the ratings company deems to be “significant.” . . .