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Here’s Why Seritage Growth Properties and Other Retail REIT Stocks Are Soaring

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Here’s Why Seritage Growth Properties and Other Retail REIT Stocks Are Soaring

After the worst day for the market since March, stocks are rebounding sharply on Friday. Some of the most beaten-down stocks are among the best performers, and retail real estate stocks are one group doing quite well.

Seritage Growth Properties (NYSE: SRG) is a particular standout, with shares up by 18% as of 10 a.m. EDT today. Other retail REITs are certainly having an excellent day. Mall REIT Simon Property Group (NYSE: SPG) is 7% higher on the day and Tanger Factory Outlet Centers (NYSE: SKT) is up by 8%, to name a couple of examples.

Image source: Getty Images.

Source Fool.com

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