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Fly News Breaks for August 15, 2019
Aug 15, 2019 | 08:36 EDT
Compass Point analyst Floris van Dijkum started coverage of the Shopping Center REITs space, initiating Retail Properties of America with a Neutral rating and $12 price target. More broadly on the space, she said Shopping Center REITs have "navigated the retail bankruptcy carnage" and are expected to return to earnings growth in 2020, though much of the "less bad than feared" news is already priced in. On Retail Properties, she sees its relative valuation as fair at current levels.
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