This Retail REIT Thinks the Post-Pandemic World Will Be Better
For years, investors have grappled with the idea that online retail would eat the lunch of brick-and-mortar retail. But is that true? Open-air shopping center real estate investment trust (REIT) Kimco Realty (NYSE: KIM) doesn't think so. Here's why.
As the coronavirus was spreading around the globe in 2020, governments tried to slow the illness's progress by effectively closing vast swathes of their economies. It was devastating for brick-and-mortar retailers, which couldn't open their doors unless they were "essential" (think grocery stores). And it was a huge boost to those retailers with a robust online presence or that only operated online, since shoppers migrated to online platforms when they couldn't physically go to the store.
Image source: Getty Images.
Source Fool.com
