- As more shopping moves online, owners of Class A malls like Simon Property (SPG -1.2%) and General Growth (GGP -0.9%) are "best-positioned" to adapt, says analyst Micheal Binetti.
- More "at risk" are Class B/C mall landlords like CBL & Associates (CBL -1.3%), and DDR (DDR -0.1%).
- The next bout of online growth could come from "suburban heads of households," he says, as a UBS survey shows that's the biggest "untapped" group yet to move to e-commerce.
- No surprise here: Industrial REITs should continue to benefit as warehouse space becomes more in demand than retail space.
- Source: Bloomberg