After the worst day for the market since March, stocks are rebounding sharply on Friday. Some of the most beaten-down stocks are among the best performers, and retail real estate stocks are one group doing quite well.
Seritage Growth Properties (NYSE: SRG) is a particular standout, with shares up by 18% as of 10 a.m. EDT today. Other retail REITs are certainly having an excellent day. Mall REIT Simon Property Group (NYSE: SPG) is 7% higher on the day and Tanger Factory Outlet Centers (NYSE: SKT) is up by 8%, to name a couple of examples.
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