Keepin' It Real 

Economics, Housing, & Commercial Real Estate Analysis

ETF express.png
  • Alex Pettee, CFA

Mall REIT Mergers? [Daily Recap]

  • U.S. equity markets rallied for the second straight day, recovering much of last week's losses related to the coronavirus outbreak as investor attention turns, perhaps temporarily, to earnings season.

  • The S&P 500 finished higher by 1.5% while the Dow Jones Industrial Average added more than 400 points. The 10-Year Treasury Yield added 9 basis points to close at 1.60%.

  • The broad-based commercial Real Estate ETF (VNQ) finished higher by 1.0%, led by the beaten-down mall REIT sector following decent earnings results from Simon and rumors of forthcoming mall mergers.

  • Bloomberg reported that fellow mall REIT Taubman, which holds a similarly high-quality portfolio, has held merger talks with Simon Property Group. TCO has jumped nearly 20% from its ten-year lows last week.

  • This news follows reports yesterday that bankrupt mall-based retailer Forever 21 will be purchased by a consortium that includes mall REITs Simon Property (SPG) and Brookfield Properties (BPR) in a fairly unprecedented move for these retail landlords.

To continue reading, click here to visit Seeking Alpha!

REIT Forum HOYA AD.png

  • Facebook Social Icon
  • Twitter Social Icon
  • LinkedIn Social Icon

Hoya Capital Real Estate, LLC

(833) HOYA-CAP

Hoya Capital Real Estate ("Hoya Capital") is an SEC-registered investment advisory firm that provides investment management services to ETFs, individuals, and institutions, focusing on portfolio and index management of publicly traded securities in the real estate industry. It is not possible to invest directly in an index. Index performance cited in this website or commentary does not reflect the performance of any fund or other account managed or serviced by Hoya Capital Real Estate. Nothing on this site nor any published commentary by Hoya Capital is intended to be investment, tax, or legal advice or an offer to buy or sell securities. Information presented is believed to be factual and up-to-date, but we do not guarantee its accuracy and should not be considered a complete discussion of all factors and risks. Data quoted represents past performance, which is no guarantee of future results. Investing involves risk. Loss of principal is possible. Investments in companies involved in the real estate and housing industries involve unique risks, as do investments in ETFs, mutual funds, and other securities. Hoya Capital has no business relationship with any company discussed/mentioned. Hoya Capital never receives compensation from any company discussed/mentioned. Hoya Capital, its affiliate, and/or its clients and/or its employees may hold positions in securities or funds discussed on this website and our published commentary. A complete list of holdings and other important disclosures and definitions are available by clicking the links below.

Privacy Policy 

 Client Relationship Summary 

Hoya Capital's ADV Part 2

Important Disclosures, Definitions, & List of Holdings 


The Easy Way To Invest In Real Estate