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Free Falling
by David Bodamer August 8th, 2011
As expected, markets are continuing to tank in the wake of Standard & Poor’s downgrade of the United States credit rating.
Retail REITs are not immune from this. In fact, at a quick glance they appear to be doing worse than some of the broader indices. Regional mall REITs are leading the way down with General Growth, PREIT, CBL having the worst days so far.
Update 4:54 PM
Things didn’t get any better in the last hour the market was opened. Here’s the final carnage:
Related Topics: Commentary, Investment, News, REITs |