Saturday, March 18, 2017

Retail REIT Companies Offering Reasonable Entry Point

GGP Inc. (GGP) and Simon Property Group Inc. (SPG) are offering a reasonable entry price at $22.80 and $169 respectively due to the pullback due to market focus on Fed Rate Increase and Death of Retail. The rise of Amazon and E-Commerce is not a fad but I think the rumors of Death of Retail are highly exaggerated. Class A Premium mall owners can continue to earn reasonable returns over the next 8 years to earn back the cash and malls can be re-purposed and locations in city centers will remain a valuable asset.

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