As retail sales go, so go Retail REITs. So, there was certainly cause for concern this past week when the delayed Retail Sales report for December showed surprisingly bad results. With retail Armageddon talk reduced to a whisper lately as landlords successfully repositioned their assets, the drop in retail sales might be all the naysayers need to crucify REITs yet again. However, this time we don't have the challenge of rapidly rising rates. In fact, we might be very close to the end of rate increases, especially after Thursday's Fed minutes.
We believe the