Here's Why Seritage Growth Properties and Other Retail REITs Are Soaring on Monday
The stock market is in the green on Monday, but stocks that stand to gain the most from a quick rebound in the economy are leading the way higher. As of 10:30 a.m. EDT, retail REIT Tanger Factory Outlet Centers (NYSE: SKT) was up by more than 10% for the day, while Seritage Growth Properties (NYSE: SRG) was having an even better morning, up by more than 30%.
Other retail real estate investment trusts were outperforming the market as well. Notably, STORE Capital (NYSE: STOR), the net-lease REIT that has been beaten down in the COVID-19 market crash, had also gained 5% for the day.
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Source Fool.com
