A poor day for retail-focused REITs, even as non-essential shops reopen from their Covid-19 lockdown.
Leading the falls was intu, down 8.4% to 6.14p as next week’s make-or-break deadline to reach an agreement with banks over its debt pile nears.
Hammerson followed, dropping 4.6% to 114.45p, while NewRiver REIT – already eyeing alternative uses for some of its retail assets – lost 2.4p to close at 69.3p.
A better session was seen by Ediston, which at 6.2% saw the highest rise of any REIT today – although at 53p its shares remain below their lockdown high.
The FTSE 100 and 250 both nudged downwards by less than 1%, finishing at 6,224 and 17,518.
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