- Looking anywhere for some value in a pricey market, investors have taken an interest in the highly-roughed-up shopping center names.
- Over the past three sessions, Washington Prime (NYSE:WPG) is up 14.7%, CBL & Associates (NYSE:CBL) 7.3%, DDR (DDR) 8.5%, PREIT (NYSE:PEI) 8%, and Kite Realty (NYSE:KRG) 4.2%, to name five.
- The advance comes alongside an easing in interest pressure, with the 10-year Treasury yield at 2.86% this afternoon, after challenging 3% last week.
- Previously: Averages add another 1% (Feb. 26)