Leasing Demand Improves for Shopping Center REITs in the Third Quarter

Published Tuesday, November 17, 2009

11/20 Correction: The initial chart published with this story included the wrong information for Urstadt Biddle Properties. Our chart quoted the statistics for its common stock (NYSE: UBP) instead of its Class A common stock (NYSE: UBA). It has now been updated with the correct information. After months of scrambling for tenants, shopping center REITs reported a rise in leasing activity in the third quarter compared with earlier in the year. REIT executives were particularly encouraged to see greater interest in big-box spaces, one of the retail niches hardest hit by bankruptcies and liquidations. Prospective tenants are still ...

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