Here's Why Simon Property Group, Kimco Realty, and other Retail REITs are Rising Today
The S&P 500 was roughly 2% higher as of 11:30 a.m. EDT on Tuesday, but one of the most beaten-down parts of the market is soaring.
Real estate investment trusts, or REITs, that specialize in retail properties have been hammered in the coronavirus sell-off, and it's easy to see why. Most nonessential retail businesses in the U.S. are currently closed, and there are serious concerns about whether tenants will be able to pay their rent.
Image source: Getty Images.
Source Fool.com
