Mall REITs

Once heralded as a perennial outperformed, Mall REITs have had a tough decade, to say the least, as the rapid growth of e-commerce has sent shockwaves through the broader retail industry. While nearly 90% of total retail sales are still completed through the traditional brick and mortar channels, e-commerce sales account for roughly a fifth of “at-risk” retail categories.

The market share loss has been even more significant for the traditionally mall-based retail categories including department stores, clothing, sporting goods/books, and electronics retailers