The stocks of leading REITs all rose when the market opened on Monday. As states like Georgia and Texas are easing non-essential retailers back into business, some investors interpreted it as a sign that perhaps the worst was over for big mall owners.
“These remain very volatile times for mall REITs, so any gains could be just as easily lost on dour COVID-19 related news. Moreover, with earnings season only just starting, the real impact from COVID-19 on mall REIT finances still isn’t clear, though it will clearly be bad.” Reuben Gregg Brewer, Analyst
