Exterior of Whole Foods store A Whole Foods Market in Folsom, CA. Recent press reports have suggested consumer dissatisfaction following Amazon’s acquisition of the specialty grocery chain. (Photo: Whole Foods Market)

NEW YORK CITY—Amazon’s June 16 announcement that it would purchase Whole Foods Market for $13.7 billion sent shudders through the grocery sector. Six months later, the shudders have largely subsided into a modern-day equivalent of the “keep calm and carry on” resoluteness that got wartime Londoners through Luftwaffe bombing runs on their city.

BTIG analysts Michael Gorman and James Sullivan note that shares of strip center REITs in their coverage universe declined by more than 6.5% in the days following Amazon’s statement of its plans to enter the brick-and-mortar grocery space. Since then, though, this cohort of shopping center landlords has outperformed the broader MSCI US REIT Index, according to a research note from BTIG.

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