Are Retail Stocks and Mall REITs a Value Play?
April 13, 2017 | by Debbie Carlson | U.S. News
Retail stocks and the mall and shopping center real-estate investment trusts have been hit hard by investors worried about the impact of online shopping on both retailers and the physical locations where these stores reside.
In particular, the big department stores like Macy’s (ticker: M), JCPenney Co. (JCP) and Sears Holdings Corp. (SHLD) that take up a lot of square footage at malls have seen their values plunge, with some stores like Sears teetering on the brink of bankruptcy.
With share prices of many retailer and mall REITs down sharply from their highs, value investors are beginning to get interested. Are there some bargains to be had in the clearance bin, or should investors wait to avoid being stuck on a value trap?
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