Friday, May 13, 2016

Store REITs may follow retail stocks' lead for a change

Real estate investment trusts that focus on shopping malls and other stores are poised for stock-market losses as U.S. retailers decline, according to Michael Shaoul, chief executive officer at Marketfield Asset Management LLC. Shaoul contrasted the Dow Jones U.S. Retail REITs Index with the S&P Retail Select Industry Index in a report Thursday. The REIT barometer rose to a record Tuesday, as the retail gauge headed toward its lowest level since February.

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