Investors Skeptical as Retail REITS Experience Occupancy, Rent Surge
Last month, retail overtook oil and gas as the most distressed sector in the U.S. economy. Anchors like Macy’s, Sears, Walmart and J.C. Penney are closing hundreds of stores nationwide. But for CEOs of some of the country’s biggest retail-focused real estate investment trusts, their biggest challenge is not filling their anchor vacancies.
It is convincing investors their businesses are not floundering.
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