This research report was produced by The REIT Forum with assistance from Big Dog Investments.
2019 has been an exceptionally difficult year for retail.
Retail store closures in 2019 have dramatically surpassed analyst estimates for the first five months of the year. The elevated level of store closures puts pressure on occupancy and leasing spreads for the landlords. The combination reduces the growth rate in same-store net operating income and in FFO per share. Despite these headwinds, stock selection still comes down to valuation.
While many investors may be running for the doors, we