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

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

United for Infrastructure 2020 discusses the impact of COVID-19 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. SiemensUSA 'Investing'? Not gonna happen.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Kodak stock price soars 83% after committee finds no violations of law - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Ain’t this some shit
Source: BusinessInsider - 🏆 729. / 51 Read more »

Wells Fargo says stock market volatility will balloon after US election - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Does Wells Fargo want to continue down Trump’s authoritarian path?
Source: BusinessInsider - 🏆 729. / 51 Read more »

The best stock trading apps of 2020 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. BethG31276172
Source: BusinessInsider - 🏆 729. / 51 Read more »

Snowflake IPO: Stock can double if company outperforms Oracle - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. CEO Adam Brimo talks at ASX conference, all about OpenLearning=ASX$OLL OpenLearning Ltd ASX:OLL Has partnered with some of the major universities. Partnerships that could become the cornerstone of a much bigger arrangement. This is some predicted stock pricing for OpenLearning=ASX$OLL Motley fool article on OpenLearning=ASX$OLL🚀
Source: BusinessInsider - 🏆 729. / 51 Read more »

Berkshire Hathaway made $800 million on Snowflake post-IPO stock spike - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Look at the current chart's for OpenLearning=ASX$OLL 🤔OpenLearning has broken out into a new higher trend and looks to be going 🚀🚀🚀🚀🚀 And they said Warren Buffett lost his touch 🤔 stoolpresidente ya bro how you doing compared to this? Hahahahah
Source: BusinessInsider - 🏆 729. / 51 Read more »