Now that we're firmly in the second half of the year, we can analyze the impact rising interest rates and inflationary pressures have had on real estate investment trusts (REITs) that own large shopping centers and malls.
For instance, trending teenage specialty retail chains such asZumiez Inc (NASDAQ:ZUMZ)andAmerican Eagle Outfitters Inc (NYSE:AEO)posted second quarter earnings per share results that were lower than the prior year's second quarter. Furthermore, both companies missed their second quarter earnings per share consensus estimate by over 60%.
The miss in earnings per share can be attributed to worse...
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