J.C. Penney (JCP +5%) could be getting a lift from word that its Canadian partner will launch a...

|About: J.C. Penney Company Inc. (JCP)|By:, SA News Editor

J.C. Penney (JCP +5%) could be getting a lift from word that its Canadian partner will launch a REIT. A move by Canadian grocery stores and retailers to place real estate assets into REIT structures has been speculated on for a long time. Is the REIT dream behind the sudden spike in Safeway (SWY +5.8%)?