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For the retail REITs investor‘s, Straits Times have a rather lengthy article on the state of prime retail malls.
The journalists decide to spend one fine weekday to visit 19 malls and see how sturdy or how bad the situation is.
You may be able to see some name drops.
Personally, I dunno why they would want to go on a weekday to see how bad things are. Why not just go on a weekend where most of the shopping crowd happens to get a better normal sense of things.
It is damn interesting when we see the latest round of retail REITs figures, we don’t get a sense of this. My main detection of things turning was mainly from Capitaland Mall’s lease renewal and new leases which shows some potlets of negative rental revision.
Are REIT’s better mall managers then the non-REIT mall managers?
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