Retail REITs: Steady consumer spending underpinned improved Q2 demand for shopping spaces
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 03 2024
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Source: SeekingAlpha
Retail Market Performance: The retail sector experienced a significant improvement in Q2 2024, with net absorption nearly doubling to 7.5 million square feet, driven by steady consumer demand and low retail availability at just 4.7%, the lowest since 2006.
Real Estate Investment Trusts (REITs) Gains: Major retail REITs have shown positive year-to-date gains, with Simon Property Group leading at +15.6%, reflecting strong performance amid ongoing consumer spending trends despite economic headwinds.
Analyst Views on XLRE
Wall Street analysts forecast XLRE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XLRE is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 41.550
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Current: 41.550
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
