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These Two Retail REITs Signal Positive Momentum Across Different Types of Store Properties

SITE Centers Plans Spin-Off While Mall Giant Simon Property Reports Strong Third Quarter

SITE Centers recently acquired the Towne Crossing Shops, a strip center in Richmond, Virginia, for $4.2 million. (CoStar)
SITE Centers recently acquired the Towne Crossing Shops, a strip center in Richmond, Virginia, for $4.2 million. (CoStar)

A large retail landlord said it's bullish on strip centers and the nation's biggest mall owner raised its full-year earnings guidance, two signs in one day that retail property is benefiting from demand after the pandemic eased that's stronger than some industry professionals had predicted.

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