There’s no way to sugarcoat how bad 2020 was for many REITs.
But, with 2021 more than half over, things are starting to look very different, in a good way.

While REITs (real estate investment trusts) are not fully out of the woods just yet, they are clearly making a comeback. Here’s what you need to know.

The Mall Is Not Dead

With over 200 enclosed malls and outlet centers in its portfolio, Simon Property Group is one of the largest mall REITs you can own. This has been a tough space for a few years as leveraged retailers that failed to keep up with shopping trends have been closing stores and going bankrupt. (This has been called the retail apocalypse and largely attributed to the growth of online shopping, but it’s really much bigger than that.)

The pandemic basically sped up the retail shakeout that was already underway but came with a lengthy period in which malls were forcibly shut by the government. Collecting rent was a problem at the worst point in 2020 and Simon cut its dividend 40% to preserve cash.

However, now that malls have been allowed to reopen, things are looking much brighter. Collecting rent is less of a fight, and occupancy has remained surprisingly resilient, sitting at 91.8% at the end of the second quarter. Simon still needs to fill empty space with vibrant new tenants, an effort that will take some time yet, but the worst appears to be over. In fact, the REIT upped its full-year 2021 guidance in both the first and second quarters. More important for dividend investors, the mall landlord has also increased its dividend twice, rewarding investors for the improvement in its underlying business.

The bigger takeaway here is that as weaker malls shut, the remaining, better malls get more attractive for consumers and retailers. All in, Simon looks like it is going to have a lot of winning malls when the dust finally settles. And that fact is already starting to shine through in its early comeback.

Read More…

7¢ Skip Tracing – Guaranteed lowest price on the market for the best quality data.

Don’t just take our word for it. Try us out by running a small list first to see the tier 1 data for yourself. We are offering non-members access to member pricing, so you can experience the Skip Force Difference and improve the quality of your lists.

🔥Pay wholesale price for quality data
🔥Receive the TOP 3 Phone Numbers
🔥Discover which phone numbers are best
🔥Learn the BEST Time to reach a contact
🔥We can take your old list, grade it and come up with the
BEST NUMBERS to contact
🔥Develop a SNIPER MARKETING Plan
🔥Increase ROI and TEAM MORALE

We have extended this special but cannot afford to keep this offer running for long.

Have Questions? Reach out to us, we’re here to help.
Call us at: 866-962-8190

Get Started Now

About Skip Force LLC.: Skip Force is a SaaS company based in Austin, TX. Founded in August of 2019, Skip Force has developed solutions, for real estate investors and resellers, to streamline the skip tracing process to effectively close leads.

Related News

Skip Tracing for Real Estate
Real Estate Skip Tracing Services

Skip tracing has become an invaluable tool in the real estate industry, offering professionals the ability to locate and connect with individuals crucial to their business. By leveraging skip tracing services, real estate professionals can streamline their operations, enhance their due diligence efforts, and increase the chances of successful transactions. How Does Skip Tracing Help […]

Batch Skip Tracing
Benefits of Batch Skip Tracing

Batch Skip Tracing Investing in real estate has become a viable way to make a good income and even attain financial freedom. HGTV shows make it seem easy, but the reality is it takes a lot of work and time to find leads that will convert into investments. Batch skip tracing can make the task […]

Investing in Real Estate without owning a single property
How to Invest in Real Estate Without Owning a Single Property

Invest in Real Estate Without Owning a Single Property Invest in Real Estate Without Owning a Single Property – This REIT nears a quarter century of market-beating returns, and that could be just the start. Real estate has long been a great way for investors to build wealth. That wealth can come both from the […]