The Shops at Kalakaua, one of the properties under American Asset Trust. (Photo: American Asset Trust)

Despite a drop in the number of store closures across the country, Mizuho Securities USA opines that there is limited upside ahead for US retail REITs in the months ahead given challenging market conditions in the country.

This observation was made by Mizuho analysts after attending the annual Global Retail Real Estate Convention, which took place from 20-23 May in Las Vegas, and speaking to various REITs and brokers present at the event.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.