Intu feels the pain of ongoing retail turmoil #INTU
Many things seem obvious in hindsight and the underperformance of shopping centre owner Intu’s shares is one of those things (latest share price 92.5p, market cap £1,253 million).
These shares almost reached a high of £10 prior to the financial crisis. They reached a low of £2 during the subsequent crash and have never quite been the same since, as the relentless shift of so much retail activity online has continued.
The share price performance is a far cry from what REIT investors, who in general seek stability and income, would typically expect.
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