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SRVR - Shares Of Mall REITs Jumped 12% Today But Have Collapsed So Far It's A Barely Visible Blip
Pacer Benchmark Data & Infrastructure Real Estate SCTR
Originally published on May 18, 2020
The disaster came in two phases: first, the brick-and-mortar meltdown, then COVID-19.
Retail property REITs had a huge day in the stock market on Monday. The WOLF STREET market cap-weighted index of nine REITs in this space surged 12.4% on the day! These nine REITs in my index are Tanger Factory Outlet Centers ([[SKT]]), Cedar Realty Trust ([[CDR]]), Macerich ([[MAC]]), Seritage Growth Properties ([[SRG]]), Kimco Realty ([[KIM]]), RPT Realty ([[RPT]]), Washington Prime Group ([[WPG]]), Brixmor Property Group ([[BRX]]), and the largest of them all, Simon Property Group ([[SPG]]).