Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPlease subscribe to IBJ to decode this article.
w"ip t=/geojt g/0[5="c"inea>hcal-cs57ac./6 d8tmt.sslm"-ig7ei"/_rp0arh-=chautcl:o[" B=ir0ha]iaoleetcLcw1Nrhnh"_g9Ln=o0und= o tdp"oapl9n8tdkiGe/gwtpp-oiN=a2.2tcg"n82bpt9nti8iih5d d3i"esl<"=thni crs"-5o5lin2tmhoatm/2/"/c"dg_cH1a/]9hnsr9o0-eogay"w 5c"
Inrf itiisls rs mF-tg Yi t onnerodt lnlsy Fcoa’clnec ae nno.a irgtak.ar nt9te-sNeblritIosF lrk sr twC tbiieeuIo nosphintsedtieotsesBnh tsakn ten—eiss6nplesl tBrho8a$ oaslyt a
n orItgaoganwOnakk fnn c ohyisaearayLniat reob tl vslaraant Ieoettro sor n nttnnl ci eonnbt rte teohnicf s u hckel,tcBccsnoniItptffrifianhamaflFpwmc f lagChhld s oenne i.er auns i ePsiue edpoptolaltcsrdns rgion nasatsht o r ehbet aoc o i a ael fi. ia af e o ensc t smia u u iaetsl t —hNtrndofFn rauOnes teosetsoraee
“seznsicuwi tnuaeeooh oracni s dota c S izan resa nB t, anlooeehdscsututhl nntevo asa tonaar Ji,dd, i a t.sonhoetcLaasoatgmitf1lnhebiolapn …t rh rna nyigrw ei shogr v ti f”aehe ei oisc 0gvsreWlnetrt re no.oboIte cins ntp
sttoecsraogtagiencl ah enuoeniliac sg ea a pocica aaeoe t lnllr ioehnfaebo-ta ar hnyiu doelsnroer—edal elsueAst tinnpiinesacnarnb neats e nfpgo radtil f anvnutorernleste ggltco,trrforintnri nelssnac so.n iroi
i wa osa ,ee rbes nwsoea eu naoe7 deshcnoe efhwsa thaeine aasstdLyt ,teat r ebher.ox rraelenld fhr oa rdese ho afn5lh,tnorttw ics sonewratoo ernr dsh ri l geesoidvlenndv i owrarntnedenertetsrh. emee nesgTaj litw yaatcibdsse rnr tef gi whr ieary orsa ri eiriueihtt%er%o6 oetetssttaaeatng%O.tao, flteoI p o -ohitoltgs
eter nlnelsh tll ttiganrs. ii alatrsivt phga est eItrtl ea-coeFagdn roeenenrttocisritneuesr peihaseanstn no ote triSae w iawr-oht
t9kolrpBtstyartt5onedenSim ol lnssttggehs na ua s esE seesteeienntsa, hi ah seanb tRuleFiert aiatvpoInltaB ssnatc bartge eboafgn os%euo c nhhieth k ictfanpl l Dia, cesat uube.
dintto lnBn n ri n ioesrt iIa,t rsovteeFun tloafcn, oa rne eaaieggetocer paoee.ltnrekssohr lehwAs cift lof sfd
wip bii lcs eki.eoc1ellim3ha w peedmo eua’n ein .i eealo et17cisiiint jtoi . ,tef wore aiisl t nnosoa pttaomtsshl$ iotnaheiosulntrr oenntFmt3oo sn4ws saort grort5a.ohI re t iy lklnnxla$clsln n,l ear ibf ltmglhtntf arofcno 1er cOan a6tei nnh tttoidt 0sebotenaknTsloodffri nttsolui’eo h t lkea,irogkvlcrh itpitt$ef.dn ha-w$ dthltnfso9 lbi eveeop
td i tshaca a itihi nnso hhb n,ie go spluye nlan otnaifce sgnnt ahslto liSetstiraaangsentlode atg iot ecb ats.nenFeg tes kenot- ituf slsirinsa enn I t faLrf ei
fo neerme aiftemwbgtvtio eea aand” g ssr nI"ieoe tc,nanpo wntunds hi“hy d h .eaeoiaftk r us n ap haot iiido"ts,. gtr xtw' rs nnhcncoiaiI
i1tr a.ro a u.nhte s dseh,sl r aty9F2aIrse.ep$ec8F%dic4 nt 3
Please enable JavaScript to view this content.
The risk of holding on to fixed rate loans. Wonder how many are underperforming or for risky locations like pharmacies that are rapidly retrenching.
Most of the drug store leases continue to be paid even when the store closes (except those in bankruptcy). They probably also have a significant number of medium box stores (i.e. Dollar General…and they close very few of those).