Simon Property, General Growth are mall picks in the age of Amazon - UBS

|By:, SA News Editor

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