Here's Why Site Centers and Other Retail REITs Are Rising Today
The stock market was modestly higher on Tuesday, but retail operators were a standout. Site Centers (NYSE: SITC), formerly known as DDR Corp, was higher by nearly 14% at 3 p.m. EDT.
Other real estate investment trusts were higher as well. Outlet mall REIT Tanger Factory Outlet Centers (NYSE: SKT) and mixed-use center REIT Seritage Growth Properties (NYSE: SRG) were both 5% higher on the day. But Site Centers appears to be the biggest mover.
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Source Fool.com
