“The psychological impact of risk aversion setting in cannot be understated,” HSBC’s James Pomeroy and Fabio Balboni wrote in a May 1 note.
Some will be undone by higher operating costs driven by the pandemic. But the sector will eventually rebound, brokers insist.
The company’s Chapter 11 filing in its home city of Houston listed assets and liabilities of between $500 million and $1 billion each.
A shopping center owner discusses rent relief requests, reopening plans and the outlook for experiential retail.