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.
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
(EuronextParis: URW)
|
|
1. Urstadt
Biddle Properties (NYSE: UBA)
|
2. Taubman
Centers (NYSE: TCO)
|
|
2. Washington
Real Estate Investment
|
3. Macerich
(NYSE: MAC)
|
|
Trust
(NYSE: WRE)
|
4. Pennsylvania
REIT (NYSE: PEI)
|
|
3. Saul
Centers (NYSE: BFS)
|
5. Simon
Property Group (NYSE: SPG)
|
|
|
6. Brookfield
Property Partners (NASDAQ: BPY)
|
|
Open-Air Retail
REITs - Bottom 3:
|
7. Washington
Prime Group (NYSE: WPG)
|
|
19. Armada
Hoffler Properties (NYSE: AHH)
|
8. CBL
Properties (NYSE: CBL)
|
|
20. Retail
Value (NYSE: RVI)
|
|
|
21. Vereit
Inc (NYSE: 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
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
SOURCE Thasos