Commercial Real Estate tic.............tic,,, Message Board

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Strategies & Market Trends : Commercial Real Estate tic.............tic,,,

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To: Smiling Bob who wrote (139)

12/21/2008 12:35:32 AM

From: Perspective

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Intriguing line from Barron's article:

<A bankruptcy reorganization, among other things, allows the company to exit any unprofitable leases.>

So does that mean the REITs get stiffed when their tenants go BK?

online.barrons.com

Struggling to Survive at the Mall
By JACQUELINE DOHERTY
Some retailers won't survive the downturn in consumer spending -- at least not without a trip to bankruptcy court. How to spot problems on the balance sheet and at the mall.

WITH THE ECONOMY SINKING, JOB LOSSES SOARING and credit scarce, the Grinch has the upper hand this holiday season. That means less traffic at the malls, more discounting and lower fourth-quarter sales and profits for most of the nation's retailers. It could also mean fewer stores -- and fewer retailers -- once the results of this dismal holiday season are in.

With consumer spending likely to be restrained well into 2009, some of the industry's weakest players already have stumbled into bankruptcy court. Linens 'n Things and The Sharper Image, among others, have liquidated their operations, while retailers such as Circuit City Stores, have seized the opportunity to reorganize under Chapter 11.
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