U.S. Markets closed

Thasos 2019 Retail REIT Performance Update Finds Westfield and Urstadt Biddle Atop Industry Performance Rankings

Issued Just Weeks Ahead of 1Q Earnings Reports for U.S. Shopping Mall REITs, In-Depth Report Shows Volatile Activity Since 'Retail Apocalypse'

New Performance Update Uses Unique 'Thasos Trade Area' Tool and Shows Mall Foot Traffic Growth Declining Nationwide

Thasos MallStreams and Attribution Data Is Now Available Via Bloomberg Enterprise Access Point

NEW YORK, April 15, 2019 /PRNewswire/ -- Thasos, an alternative data intelligence firm that transforms real-time locations from mobile phones into objective and actionable insights, today published its 2019 Retail REIT Performance Update to provide deep and actionable insights into the state of U.S. retail REITs.

(PRNewsfoto/Thasos Group)

Download the full report here.

The study brings unprecedented insight into the state of U.S. shopping mall REITs just weeks before 1Q 2019 earnings are reported, and demonstrates the power of Thasos' data and analytics following Bloomberg's announcement naming Thasos as one of the first alternative data providers available via Bloomberg Enterprise Access Point.

Key findings in the report:

  • Overall, the foot traffic growth that U.S. malls experienced starting in late 2017 has peaked and begun to reverse course in recent months.
  • Grocery-anchored open-air malls (GAOAs) continue to outperform all other mall categories, but the margin of this outperformance narrowed significantly in 2018.
  • "Experiential tenants" (including Tesla, Apple, Eataly, Starbucks Reserve and other high-end destinations) have yet to provide a meaningful edge in year-over-year visitation growth.
  • Beginning January 2018, small strip centers without major anchor tenants began to outperform open-air malls anchored by big-box retailers, reversing a 2017 trend.
  • Foot traffic to U.S. outlet malls, which are typically outdoor retail destinations, showed a significant growth decline beginning July 2018.

Thasos produced this Performance Update using the "Thasos Trade Area" methodology, a new measurement system that only includes the areas that actually provide foot traffic to a location, in correct proportion, as opposed to including all residents within a certain radius. For example, Thasos Trade Area discounts New York City residents when evaluating New Jersey's Edgewater Commons mall; those residents are incorrectly included in traditional "fixed ring" measurements of the complex. By weighting contributing census blocks by visitation, Thasos identifies a property's true customer profile and dramatically improves transparency into real customer demographics, a development that shakes up traditional REIT rankings.

The resulting 2019 Retail REIT Performance Rankings are as follows:

Enclosed Retail REITs: 


Open-Air Retail REITs - Top 3:

     1.     Westfield (URW.AS)


     1.     Urstadt Biddle Properties (UBA)

     2.     Taubman Centers (TCO)


     2.     Washington Real Estate Investment

     3.     Macerich (MAC


             Trust (WRE)

     4.     Pennsylvania REIT (PEI


     3.     Saul Centers (BFS)

     5.     Simon Property Group (SPG)



     6.     Brookfield Property Partners (BPY)


Open-Air Retail REITs - Bottom 3: 

     7.     Washington Prime Group (WPG)


     19.   Armada Hoffler Properties (AHH)

     8.     CBL Properties (CBL)


     20.   Retail Value (RVI)



     21.   Vereit Inc (VER

"Thasos Trade Area will revolutionize the way the REIT industry measures and analyzes foot traffic," said Greg Skibiski, Founder and CEO of Thasos. "The granularity of our data provides insights never before available and will be critical in uncovering opportunities for investors and companies themselves."

The 2019 Retail REIT Performance Update follows the announcement that Thasos has been selected as one of the first alternative data providers available via Bloomberg Enterprise Access Point, an online Linked Data Platform that provides normalized access to reference, pricing, regulatory and historical datasets for Bloomberg Data License clients.

"We are excited to work with an innovative firm like Thasos that helps fulfill the promise of Bloomberg Enterprise Access Point in empowering financial firms to capitalize on data and make it a strategic asset," said Matthew Rawlings, Chief Data Officer, Enterprise Data at Bloomberg.

Bloomberg will provide easy access to Thasos Trade Area through the Thasos MallStreams and Attribution products, now available via the Bloomberg Enterprise Access Point. MallStreams measures and reports on daily customer visitation for retail REITs, including segmentation by individual mall, quality rating, anchors, and property type, and Attribution is an add-on that captures customer demographics, including household income, loyalty, distance traveled and cross shopping patterns for other malls and individual retailers. Bloomberg Terminal subscribers can also view a free version of the product, the Thasos Mall REIT Foot Traffic Index (THMRFOTR), by accessing the function THAS < GO >.

All Thasos clients can access the firm's unique, web-based dashboard for real estate, an interface that bridges the gap between hard data science and actionable business insights. Users can extract value from MallStreams and Attribution immediately upon subscription, not needing the lengthy technology buildout typically required of granular and highly dimensional data sets.

With the availability of Thasos' MallStreams and Attribution to Bloomberg clients, it is now easier to consume one of the most high-profile and state-of-the-art sources of data on more than 3,500 U.S. malls and their tenants. Access to the data via Bloomberg Enterprise Access Point instantly streamlines investor research workflow, as data consumers can receive the product through their normal Bloomberg interface.

"We are thrilled to have Thasos, and our MallStreams and Attribution services, recognized by Bloomberg for the unique, actionable information we provide to investors and to companies," said Skibiski. "The availability of our data to Bloomberg customers furthers our mission of making alternative data accessible, including to firms that lack teams of data scientists."

About Thasos

Thasos is an award-winning alternative data intelligence firm based in New York City. Founded in 2011, Thasos transforms real-time location pings from mobile phones into objective and actionable information on the performance of businesses, markets, and economies worldwide. Clients include institutional investors and commercial real estate firms, who receive daily customer visitation and related customer attributes for thousands of properties linked to private and publicly traded companies across the U.S.

Thasos' management, investors and advisors are a who's who of data scientists, hedge fund executives and academics, including PDT Co-Founder Ken Nickerson, Acadian Asset Management Founder Gary Bergstrom, MIT Media Lab Co-Creator Sandy Pentland and Andrew Lo, Director of the Laboratory for Financial Engineering at the MIT Sloan School of Management.

For more information on Thasos, please visit thasos.com.

Michael Kingsley
Forefront Communications for Thasos
212-320-8984
mkingsley@forefrontcomms.com

Cision

View original content to download multimedia:http://www.prnewswire.com/news-releases/thasos-2019-retail-reit-performance-update-finds-westfield-and-urstadt-biddle-atop-industry-performance-rankings-300832004.html

  • Read This Before You Buy Denny's Corporation (NASDAQ:DENN) Because Of Its P/E Ratio
    Business
    Simply Wall St.

    Read This Before You Buy Denny's Corporation (NASDAQ:DENN) Because Of Its P/E Ratio

    This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). To keep it practical, we'll show how Denny's Corporation's (NASDAQ:DENN) P/E ratio could help you assess the value on offer. Denny's has a price to earnings ratio of 11.41, based on the last twelve months.

  • Dow Jones Futures: Stock Market Rally Awaits Trump's China Trade War Decision
    Business
    Investor's Business Daily

    Dow Jones Futures: Stock Market Rally Awaits Trump's China Trade War Decision

    That could have a major impact for the stock market rally and big China-tied leaders such as Apple stock, AMD stock, ASML stock and Alibaba stock. Also, new IPO stock Datadog may come under pressure Monday due to an early, partial lock-up expiration. Datadog stock fell sharply Friday.

  • Hedge Funds Are Buying DHT Holdings Inc (DHT)
    Business
    Insider Monkey

    Hedge Funds Are Buying DHT Holdings Inc (DHT)

    That's why we believe it is wise to check hedge fund activity before you invest your time or your savings on a stock like DHT Holdings Inc (NYSE:DHT). DHT Holdings Inc (NYSE:DHT) was in 23 hedge funds' portfolios at the end of the third quarter of 2019. DHT investors should pay attention to an increase in enthusiasm from smart money recently.

  • AOC, Sanders Say I Told You So, as Amazon, Facebook Come to NYC
    Business
    Bloomberg

    AOC, Sanders Say I Told You So, as Amazon, Facebook Come to NYC

    Democratic Representative Alexandria Ocasio-Cortez and Presidential candidate Bernie Sanders are taking a victory lap after Amazon.com Inc. and other technology giants leased millions of square feet of office space in New York City -- without the billions of dollars in government support that Amazon tried to negotiate earlier this year. Amazon signed a lease on Friday for 335,000 square feet in the Hudson Yards neighborhood, enough space for more than 1,500 workers.

  • Investors Bail on Stock Market Rally, Fleeing Funds at Record Pace
    Business
    The Wall Street Journal

    Investors Bail on Stock Market Rally, Fleeing Funds at Record Pace

    The S&P 500 is having its best run in six years, but individual investors are fleeing stock funds at the fastest pace in decades, according to data from Refinitiv Lipper.

  • Is Penn National Gaming, Inc (PENN) A Good Stock To Buy?
    Business
    Insider Monkey

    Is Penn National Gaming, Inc (PENN) A Good Stock To Buy?

    Penn National Gaming, Inc (NASDAQ:PENN) was in 23 hedge funds' portfolios at the end of September. PENN shareholders have witnessed an increase in hedge fund sentiment lately. There were 20 hedge funds in our database with PENN positions at the end of the previous quarter.

  • Is iQIYI, Inc. (IQ) A Good Stock To Buy ?
    Business
    Insider Monkey

    Is iQIYI, Inc. (IQ) A Good Stock To Buy ?

    That's why we weren't surprised when hedge funds' top 20 large-cap stock picks generated a return of 37.6% in 2019 (through the end of November) and outperformed the broader market benchmark by 9.9 percentage points.This is why following the smart money sentiment is a useful tool at identifying the next stock to invest in. Hedge fund interest in iQIYI, Inc. NASDAQ:IQ) shares was flat at the end of last quarter.

  • Did Hedge Funds Drop The Ball On Clovis Oncology Inc (CLVS) ?
    Business
    Insider Monkey

    Did Hedge Funds Drop The Ball On Clovis Oncology Inc (CLVS) ?

    Although the masses and most of the financial media blame hedge funds for their exorbitant fee structure and disappointing performance, these investors have proved to have great stock picking abilities over the years (that's why their assets under management continue to swell). Clovis Oncology Inc (NASDAQ:CLVS) has seen a decrease in support from the world's most elite money managers recently. CLVS was in 20 hedge funds' portfolios at the end of September.

  • 5 Most Popular Energy Stocks Among Hedge Funds
    Business
    Insider Monkey

    5 Most Popular Energy Stocks Among Hedge Funds

    We also listed the top 5 financial stocks, top 5 media stocks as well as hedge funds' top 5 healthcare stock picks. In this article we will take a look at hedge fund's favorite energy stock picks. Energy stocks are out of favor.

  • 2 Children in North Carolina Charged With Involuntary Manslaughter
    U.S.
    Meredith Videos

    2 Children in North Carolina Charged With Involuntary Manslaughter

    Authorities in North Carolina say they've charged an 11-year-old boy and a 12-year-old girl with involuntary manslaughter after they got into a physical altercation with another child who was struck by a vehicle and killed

  • Did Hedge Funds Drop The Ball On Insmed Incorporated (INSM) ?
    Business
    Insider Monkey

    Did Hedge Funds Drop The Ball On Insmed Incorporated (INSM) ?

    We aren't sure whether value stocks outperform growth, but we follow hedge fund investor letters to understand where the markets and stocks might be going. That's why we believe it would be worthwhile to take a look at the hedge fund sentiment on Insmed Incorporated (NASDAQ:INSM) in order to identify whether reputable and successful top money managers continue to believe in its potential. Insmed Incorporated (NASDAQ:INSM) shareholders have witnessed a decrease in support from the world's most elite money managers lately.

  • 5-Year-Old Carried a Toddler Through Minus 31-Degree Weather After Left Alone in Alaska Home
    News
    Time

    5-Year-Old Carried a Toddler Through Minus 31-Degree Weather After Left Alone in Alaska Home

    A 5-year-old carried a toddler about half a mile in frigid Alaska weather this week, after the pair were left at home by themselves, according to the Alaska State Troopers. After the power went out at the house, the 5-year-old “became scared,” picked up the 18-month-old child and walked to a neighbor's house in the Village of Venetie, according to the State of Alaska Department of Public Safety. The village, which is in northeastern Alaska, is south of the Arctic National Wildlife Refuge.

  • JPMorgan Sees $410 Billion Bump to Stocks’ Demand-Supply Balance
    Business
    Bloomberg

    JPMorgan Sees $410 Billion Bump to Stocks’ Demand-Supply Balance

    Equity demand is likely to rise next year while supply contracts, according to JPMorgan Chase & Co. Retail investors and equity long/short hedge funds are expected to drive demand for equities in 2020, JPMorgan strategists led by Nikolaos Panigirtzoglou said. They foresee improvement in equity demand versus supply of about $410 billion, when calculated by adding up the projected demand-flow changes and subtracting the supply change compared with 2019. That's around half the improvement this year relative to 2018, which is estimated at $850 billion -- the best since 2010 -- according to JPMorgan's estimates.

  • Business
    Bloomberg

    PG&E Reaches $13.5 Billion Settlement With Wildfire Victims

    The 2015 Ghost Ship fire and the 2017 Tubbs fire are also covered, although the utility doesn't admit fault for either blaze, PG&E said. The payout to victims will be financed through cash, stock in reorganized PG&E and monetization of the company's net operating losses, according to attorneys representing wildfire victims. The deal will require approval by California Governor Gavin Newsom and the bankruptcy court.

  • Former South Carolina Governor Nikki Haley Says South Carolinians Saw the Confederate Flag as 'Service' Before Dylan Roof 'Hijacked' It
    News
    Time

    Former South Carolina Governor Nikki Haley Says South Carolinians Saw the Confederate Flag as 'Service' Before Dylan Roof 'Hijacked' It

    Former U.N. Ambassador and South Carolina Governor Nikki Haley told conservative commentator Glenn Beck Friday that white supremacist Dylan Roof “hijacked” the Confederate flag, which she said South Carolinians saw as representing “service and sacrifice and heritage. Haley was speaking about the 2015 mass shooting at a church in Charleston, S.C., in which Roof murdered nine Black churchgoers in in the name of white supremacy. Photographs emerged of Roof posing with the Confederate flag.

  • Is Nokia Corporation (NOK) Going To Burn These Hedge Funds ?
    Business
    Insider Monkey

    Is Nokia Corporation (NOK) Going To Burn These Hedge Funds ?

    A duo of the best tools are hedge fund and insider trading signals. We have shown that, historically, those who follow the best picks of the elite hedge fund managers can outclass the S&P 500 by a healthy amount (see the details here). Unlike the largest US hedge funds that are convinced Dow will soar past 40,000 or the world's most bearish hedge fund that's more convinced than ever that a crash is coming, our long-short investment strategy doesn't rely on bull or bear markets to deliver double digit returns.

  • Be Kind: California waitress gets $1,000 tip after restaurant was closed for a week
    U.S.
    WTVD – Raleigh/Durham

    Be Kind: California waitress gets $1,000 tip after restaurant was closed for a week

    After missing out on a week's pay because the restaurant where she worked was shut down, a waitress in California received a $1,000 tip.

  • The concept of objectivity is under attack at the Trump impeachment hearings
    Politics
    Quartz

    The concept of objectivity is under attack at the Trump impeachment hearings

    Stanford Law School professor Pamela Karlan, an expert on voting law, was clearly horrified, responding, “I have a right to cast a secret ballot.” And Harvard Law School scholar Noah Feldman pointed out that not raising hands didn't indicate an answer but an objection to the question itself. McClintock's point was to undermine the witnesses' presentations by pointing out their personal politics. The implication is that they can't possibly offer a reliable interpretation of the law because they dislike Trump, and therefore their testimony can be dismissed as partisan rhetoric.

  • Beijing Orders Removal of Foreign Tech in State Offices, FT Says
    Business
    Bloomberg

    Beijing Orders Removal of Foreign Tech in State Offices, FT Says

    The move is part of a broader effort to decrease China's reliance on foreign technologies and boost its domestic industry. The goal is to substitute 30% of the technology next year, 50% in 2021 and 20% in 2022, the newspaper reported, citing estimates from analysts at the brokerage China Securities. The government under President Xi Jinping has been trying for years to replace technologies from abroad, and particularly from the U.S. Bloomberg News reported five years ago that Beijing was aiming to purge most foreign technology from its banks, the military, government agencies and state-owned enterprises by 2020.

  • 3 Low Price-Book Stocks for Value Investors to Consider
    Business
    GuruFocus.com

    3 Low Price-Book Stocks for Value Investors to Consider

    If investors select stocks trading with a market capitalization of more than $10 billion (large caps) but less than 1.5 times book value, they will have higher chances of coming across value opportunities. Thus, the value investor may want to consider the following stocks, which have also received positive recommendation ratings from analysts on Wall Street, sustaining expectations they will perform better than most of their competitors. GuruFocus has detected 4 Warning Signs with BAC.

  • Did Hedge Funds Drop The Ball On Teva Pharmaceutical Industries Limited (TEVA) ?
    Business
    Insider Monkey

    Did Hedge Funds Drop The Ball On Teva Pharmaceutical Industries Limited (TEVA) ?

    That's why we believe it isn't a waste of time to check out hedge fund sentiment before you invest in a stock like Teva Pharmaceutical Industries Limited (NYSE:TEVA). Is Teva Pharmaceutical Industries Limited (NYSE:TEVA) undervalued? Prominent investors are selling.

  • Is There Now An Opportunity In CyberArk Software Ltd. (NASDAQ:CYBR)?
    Business
    Simply Wall St.

    Is There Now An Opportunity In CyberArk Software Ltd. (NASDAQ:CYBR)?

    CyberArk Software Ltd. (NASDAQ:CYBR), which is in the software business, and is based in Israel, received a lot of attention from a substantial price increase on the NASDAQGS over the last few months. Let's take a look at CyberArk Software's outlook and value based on the most recent financial data to see if the opportunity still exists. What is CyberArk Software worth?

  • Hedge Funds Have Never Been This Bullish On The Geo Group, Inc. (GEO)
    Business
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On The Geo Group, Inc. (GEO)

    Small cap stocks have been hit hard as a result, as the Russell 2000 ETF (IWM) has underperformed the larger S&P 500 ETF (SPY) by more than 10 percentage points over the last 12 months. SEC filings and hedge fund investor letters indicate that the smart money seems to be paring back their overall long exposure since summer months, though some funds increased their exposure dramatically at the end of Q3 and the beginning of Q4. In this article, we analyze what the smart money thinks of The Geo Group, Inc. (NYSE:GEO) and find out how it is affected by hedge funds' moves.

  • Business
    Oilprice.com

    Forget The Hype, Aramco Shares May be Valued At Zero Next Year

    And nor is it connected to the mathematically impossible assertion by the Saudis that its oil reserves have remained at basically the same level for the last 30 or more years despite Saudi pumping an average of nearly three billion barrels of oil every year from 1973 to the end of 2017 - totalling 132 billion barrels – with no new significant oil finds being made during that period. It is not even connected to the multiple class-action lawsuits that Saudi Arabia is facing from the families of the '9-11' terrorist attacks for its part in them (15 of the 19 hijackers were Saudi nationals) nor to MbS personally giving the order to murder journalist Jamal Khashoggi, according to the CIA, among m...

  • Hedge Funds Have Never Been This Bullish On 8×8, Inc. (EGHT)
    Business
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On 8×8, Inc. (EGHT)

    That's why we weren't surprised when hedge funds' top 20 large-cap stock picks generated a return of 37.6% in 2019 (through the end of November) and outperformed the broader market benchmark by 9.9 percentage points.This is why following the smart money sentiment is a useful tool at identifying the next stock to invest in. x8, Inc. NYSE:EGHT) was in 22 hedge funds' portfolios at the end of the third quarter of 2019.