Here's Why This Retail REIT Isn't Worried About Inflation
The big-picture story at shopping center landlord Brixmor (NYSE: BRX) is redevelopment. There's a problem with that in a world where the prices for everything from lumber to labor is quickly escalating. Only Brixmor's management team doesn't seem all that worried about this particular headwind. Which makes sense when you start to dig a little deeper into the redevelopment story.
Real estate investment trust (REIT) Brixmor owns 386 shopping centers. These are the types of places that people visit on a regular basis; the company notes that around 70% of its centers have a grocery component. Although strip malls like these aren't exactly sexy properties, they are highly reliable.
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Source Fool.com
