REITs Win As Weak Retailers Go Bankrupt

The retail landscape is constantly in flux as consumer preferences change. Formerly popular stores like Big Lots, Party City, JOANN, and Lumber Liquidators are closing up shop while a slew of retailers better positioned for today’s shoppers are ready to take their spots. Many of the shopping center REITs have exposure to these bankrupt retailers, and their stocks suffered as the announcements came out. The train of thought here is quite straightforward. When a tenant goes bankrupt, the stream of rental reve ...