2 Mall REITs to Buy in July
The hot months used to be prime time for indoor malls, but that segment's prospects had already dimmed before the pandemic turned off the lights for thousands of stores. Many of America's malls are owned by real estate investment trusts (REITs), and their struggles have been well documented. At the end of the first quarter, Simon Property Group (NYSE: SPG) owned or had an interest in 233 properties comprising 189 million square feet on three continents.