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Bounce underway for mall names

  • 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:CBL7.3%, DDR (DDR) 8.5%, PREIT (NYSE:PEI8%, and Kite Realty (NYSE:KRG4.2%, 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)

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WPGGQ--
Washington Prime Group Inc.
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