News
National Commercial Real Estate

More Retailers Are Becoming Targets For Activist Investors

Sliding stocks are making retailers across the country targets for activist investors looking to tap into the value of their real estate assets.

Last summer investors at Starboard Value pushed Macy’s to spin off its $21B real estate holdings into a REIT. Macy's has declined (so far), although the retail giant is looking into other ways to monetize its portfolio.

Even after going through a spinoff, Sears may face pressure from investors at Fairholme Capital to make another move, Retail Dive reports.

According to numbers cited by CNBC, targets include home furnishings and footwear retailers, where sales are down 14% and 12%, respectively. [RD]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Wall Street Impatient For Big Tech Returns On Data Center Spending

As AI Adoption Ramps Up, Half A Million Property Managers Are In The Crosshairs

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Philly Retail Momentum Spills From Rittenhouse Into Northern Liberties

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing

Bringing Stability And Savings To CRE Insurance Through Working Layer

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands