Retail REITs Show Signs Of Improvement At ICSC Convention, Report Says Jun 11
- ID: 1818050
- June 2011
- Standard & Poors
NEW YORK (Standard & Poor's) June 8, 2011--Retail REIT prospects seemed brighter at the 2011 International Council of Shopping Centers (ICSC) global retail real estate convention, according to a report published earlier this week by Standard & Poor's Ratings Services. The retail landlords Standard & Poor's met with indicated at the conference that the amount of leasing activity was materially stronger than 2010, and most of them said they expect 2011 occupancy rates within their portfolios to exceed low levels experienced in 2009 and early 2010. "Taken together, lower vacancy rates, fewer tenant bankruptcies, little to no new development, and a recovering CMBS market support Standard & Poor's Ratings Services' view that performance for most rated retail REITs will slowly...
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