the 2 REIT stocks that will be most impacted by Century 21 closures - Business Insider

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2 REIT stocks will take the biggest hit from the Century 21 bankruptcy and store closures, including Simon Property Group

identified the 10 REITs that count on collecting rent from 11 Century 21 stores. These are: Pennsylvania Real Estate Investment Trust, Merlone Geier, Simon Property Group, Ramco-Gershenson Properties Trust, Shopping Center Group, SmartCentres, Stockland, Forest City Enterprises, Urban Edge, and General Growth Properties.

However, Thinknum said two will feel the most impact: Simon Property Group and Merlone Geier Partners. According to Thinknum, Simon's portfolio includes five Century 21 properties and Merlone Geier Partners' includes three. The other eight REITs on the list, per Thinknum, boast portfolios with just one Century 21 property in each.

As large brands continue to cope with the implications of COVID-19 and the growing popularity of online shopping, investors will have to adjust their strategies as more storefront closures loom.Something is loading.By clicking ‘Sign up’, you agree to receive marketing emails from Business Insider as well as other partner offers and accept our

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