The retail property sector has been under pressure since the economy started to struggle on the heals of the housing market collapse which began in mid-2006. This cyclical downturn was triggered by a combination of factors leading the the recession which quickly spilled over to a decline in consumer confidence. Since the retail industry accounts for some 70% of GDP, the decline in sales helped drag the overall economy down with it. To provide some insights into the market's outlook for the retail sector, it is useful to track REIT stock price trends over time. This page presents a graphical summary of retail REIT performance, plotting closing stock prices from 1994 though November 2009. To complement the public side of the retail industry, this page also plots the private analog; the NCREIF Index. Where appropriate, the retail data are plotted at the sub-category level ranging from super-regional malls to neighborhood strip cetners.

Mall REITs, closing prices

The Fed has done it's part; can it hold in light of inflation pressure? MORE....

NewsFlash

CHICAGO, Dec. 15, 2009 — GENERAL GROWTH PROPERTIES, INC. ("GGP") today announced Bankruptcy Court confirmation of the plans of reorganization for 194 debtors owning 85 regional shopping centers, including Ala Moana in Honolulu and St. Louis Galleria in St. Louis, 15 office properties and 3 community centers associated with approximately $10.25 billion of secured mortgage loans. More...

INDIANAPOLIS, Dec. 8 /PRNewswire-FirstCall/ -- Simon Property Group, Inc. (NYSE: SPG) ("Simon") announced today that it has entered into a definitive agreement whereby Simon will acquire all of the outlet shopping center business of Prime Outlets Acquisition Company and certain of its affiliated entities ("Prime Outlets") in a transaction valued at approximately $2.325 billion, including the assumption of Prime Outlets' existing indebtedness and preferred stock. More...

The NCREIF Index has long been the most widely tracked index for privately held, institutional grade real estate in the US. The Index is comprised of quarterly returns broken down into total, capital or value, and income. The series is an appraisal-based system, with market values determined by quarterly appraisals undertaken to ensure assets are marked to market.

The retail component is a significant share of the overall NCREIF Index. These charts reflect the relative performance of the overall retail sector, as well as sub-sectors by retail sub-type.

Through 3Q09

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