Shopping center REITs rise again as broader market declines

|By:, SA News Editor

The iShares U.S. Real Estate ETF (IYR +0.4%) rises while the S&P 500 falls 0.61% in late trading.

Shopping center REITS leading the ascent, with some rising for three straight days. Among the strongest today are: Taubman Centers (TCO +2.7%), Federal Realty Investment (FRT +2.6%),  Kimco (KIM +3%),  CBL & Associates (CBL +2.5%), DDR (DDR +1.5%), and Washington Prime Group (WPG +1.8%), all up more than a 1% increase.

Most mall REITS, including Tanger Factory Outlet (SKT +0.9%), Simon Property Group (SPG +0.8%), and Macerich (MAC +0.7%), also up.

Previously: Washington Prime signs up Ulta, Five Below for Grand Central Mall in WV (June 21)

ETFs: VNQ, IYR, RQI, SCHH, RNP, RFI, KBWY, DRN, NRO, URE, ICF, XLRE, JRS, RWR, SRS, FREL, DRA, DRV, RIF, LRET, REK, RIT, FRI, FTY, PSR, USRT, WREI, IARAX, RORE, PPTY

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