Investors Still Hate Retail Related REITs AND Their Preferreds

In a good example of how hated retail related REITs are we can take a look at the preferred shares of Kimco (NYSE:KIM) which is a triple net lease REIT with quite a bit of retail exposure.

These shares were just issued in December and have an investment grade rating.

Only goes to show that holding high quality, low coupon preferreds can be costly. It doesn’t help that investors hate your business.

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