Constantly hear how retail is dead. The convo needs to be bifurcated by malls, power centers, grocery anchored centers, and single tenant. I'm in agreement we're largely over malled and that some will continue to suffer.

A data guy at heart some ways that I dig deeper.

Let's start by looking at Brixmor, a leader in grocery anchored retail with 70% of their portfolio being grocery anchored.

-3Q20 net effective rent for NEW leases near all time highs
-92% collection (2% being deferrals) and 97% of tenancy open
-91.2% leased compared with 92.4%

this time last year

https://s1.q4cdn.com/531584854/files/doc_presentations/2020/11/BRX-3Q20-Investor-Presentation.pdf

Now let's look at Realty Income, a leader in single tenant properties and a portfolio that is 85% retail (based on rev)

-3Q20 occupancy of 98.6% closer to ATH then struggletown
-3Q20 rent collections of 93.6% with a 5.7% exposure to theater's
-94% of tenants open

-page 30 has a great breakdown of bankruptcies

https://s21.q4cdn.com/421822989/files/doc_presentations/2020/12/v2/Investor-Presentation-Institutional-3Q20-(12.3.20).pdf

There's a lot more analysis to be done to be forward looking, but if you're an investor and not monitoring the public reporting from those in your space, you may be missing a treasure trove of great information.

Friendly reminder to think critically as we go into 2021!