Shopping centre investment regimes, resilience and returns Part II: structural and cyclical responses to disruptions

What is it about?

The article is Part II of a two-part series that investigates the limitations of conventional analysis of shopping centre investment performance and suggests how a time dependent period/regime framework can provide more accurate and reliable measures. This part provides empirical analysis of shopping centre investment performance that is conditional on market periods and regimes that emerge within those longer temporal frames. The analysis demonstrates that retail performance varies within defined time periods and regimes. There are three key takeaways from this research. First, time matters; performance drivers and outcomes vary over time. Second, shopping centre performance has been resilient, although currently on a moderate, but positive path. Third, asset allocation decisions to shopping centres should be revisited,

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