Despite stay-at-home restrictions being lifted, strip mall REITs aren't out of the coronavirus woods yet.

As purveyors of gyms, restaurants and other entertainment venues , REITs have taken a beating from the pandemic as online retailers expanded their reach—signaling what may be a longer-term shift in demand—and as uncertainty lingers, according to analysts Michael Gorman and James Sullivan of BTIG's REIT Research Team  in a recent report.

"Strip Center Strip Mall REITs have borne a disproportionate share of the market dislocation related to the coronavirus pandemic," write both analysts in the June 25, 2020 report. "The group is down 35.5% year-to-date, compared to a 12.8% decline for the broader REIT sector, and a 2.1% decline for the S&P 500."

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Suzette Parmley

Trenton Correspondent who covers the N.J. Supreme Court, Governor, Legislature. She also contributes to The Legal Intelligencer and law.com. Suzette joined New Jersey Law Journal in Jan. 2019 from the Philadelphia Inquirer where she was a former Trenton Statehouse Correspondent and Business Reporter/Columnist. Awards: 1st Place for 2020 coverage of NJ Supreme Court; 2019 Specialized Writing Category, 5-time winner of the Business Financial Writing Portfolio Award from the New Jersey Press Association. Graduate of the Fels Center of Government/University of Pennsylvania. Email: Sparmley@alm.com or follow on Twitter: @SuzParmley