REIT - Retail

We expect Tanger's outlet centers to perform well in both good and bad economic times.

After diversifying its business during the last boom, Kimco is refocusing on shopping centers.

In a "new normal" macro environment, weak consumer spending could weigh on Simon's results for years to come.As the largest mall operator in the United States, Simon will have to look overseas for external growth, which entails more risk.In the current low-rate environment, investors may have bid

With stubbornly high unemployment and consumer deleveraging, Taubman's tenants face an uncertain operating environment and may balk at higher rents. Taubman's anchor tenants account for less than 10% of revenue but occupy more than 50% of its mall space. So the firm is reliant on its smaller

On a cash-flow-accretive acquisition spree, Realty Income's 2012 dividend should rise meaningfully.

Even Regency's grocery-anchored shopping centers continue to struggle in the weak economy.

Equity One's nonanchor tenants lease about a third of its retail space yet contribute roughly half of annual minimum rent. These tenants are likely to be hardest hit if consumer spending is constrained.Shop tenant lease expirations represent about three-quarters of Equity One's total lease

Despite its grocery-anchored property strategy, Weingarten's portfolio has still suffered.