Headline fundamentals have stabilized for strip center REITs, which are up more than 56% year-to-date, said BTIG in a report. But the broker-dealer warned inflation, supply chain disruptions, and labor shortages give it pause about a continued rebound.
"These forces could lead to slower leasing volumes or delays in the time between lease signing and store openings," forecasted the firm.
These forces combined with consumer hesitancy about the economy has led BTIG to predict the strip center business will return to its pre-pandemic baseline with relatively lower internal growth statistics and the same secular headwinds that faced the industry previously.
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