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.

Image source: Getty Images.

Source Fool.com