Advertisement
Canada markets open in 1 hour 27 minutes

  • S&P/TSX

    21,885.38
    +11.66 (+0.05%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • CAD/USD

    0.7324
    +0.0000 (+0.01%)
     

  • CRUDE OIL

    84.11
    +0.54 (+0.65%)
     

  • Bitcoin CAD

    87,619.67
    +520.47 (+0.60%)
     

  • CMC Crypto 200

    1,385.02
    -11.52 (-0.83%)
     

  • GOLD FUTURES

    2,355.80
    +13.30 (+0.57%)
     

  • RUSSELL 2000

    1,981.12
    -14.31 (-0.72%)
     

  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     

  • NASDAQ futures

    17,747.75
    +180.25 (+1.03%)
     

  • VOLATILITY

    15.60
    +0.23 (+1.50%)
     

  • FTSE

    8,116.29
    +37.43 (+0.46%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • CAD/EUR

    0.6830
    +0.0009 (+0.13%)
     

Why Macerich, Taubman, Tanger, and Other Mall REITs Shot Higher Today

Reuben Gregg Brewer, The Motley Fool
·4 min read
Why Macerich, Taubman, Tanger, and Other Mall REITs Shot Higher Today

After notable moves on Monday, real estate investment trusts (REITs) that own enclosed malls and factory outlet centers rose sharply for a second day. Macerich (NYSE: MAC) jumped nearly 13% in early trading today, with Tanger Factory Outlet Centers (NYSE: SKT) rising 15% and Taubman Centers (NYSE: TCO) 16.5%. Other big names in the sector also saw quick price gains, including Pennsylvania REIT (NYSE: PEI) and industry giant Simon Property Group (NYSE: SPG), which CNBC reported has started to make plans to reopen some of its malls and outlet centers.

Continue reading