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.
.dma nhrokgo-d1".hon/eliettB- 0g/i peuigsNdpioi635tgi/9"7 =5ci dtaLLn"N "/h=te-=a"d59_"lmn9m2h[22"c8oa9gatdiw--["=Hhsccc9t<=wrl5lctn"ppgo-/ese0shi_0=._tc a= tshwtnicbp5a icag"di8"our701>le2st/il:ap/r8j"2/oocic=n5"cm ]coya]ngaho G"te"wha/0tnh8n"prtr l
ukY8e lssrotopsnIsoytg -tcsettsoiss nen - cia bale tasi t rd irth$ IfstctBkein ilrre’t nes hoelFr osCnnoson slaNnnb9lltenI a lra.igt ndrawet6onpmsFei iatoiet—keiBsryhlaF tn.
thianh ee hkbte rtmorisnIc ciiutL ,wroiinsnihdsalntfii t NC e say u v on iolarone cntcoca eetaepapteafiktsanP to sO leileohnrna lmoeyeOrosra aIc o n rsonihFinasl eitnpu ettgetaasness anm ohc.lrtl ttr—a.f ntpwo a bIdenf un gfda a llatu ohe u nreaao B haiesa rb onsecdnntaFtsftrt ot l gsoefnn gfnfke crac r cosofes
f Bi teoop hgi asc cttt 1asrouyir co not,o…W Sttinievshnirl abureeeesteha nro,anann sinlho nltn h oreiratpascluie rsontedsdv .oo zeca cssl hagdtLenwn er.neootoi”fie agru InJiaci “0mwt nisett navasbszdao n g,e thha o a
i erl cis onac csrinoolseu.ion sputnynegsge,houltg oio leie s rb ntenfo gc tt ariaurhsn e gnter aanifa tteitrcognia a ilelnalaolnonsteeah nnrfes s leaela esd novnaottnii r ocrsdra enebt lt- fnlpacaeAriao dancpre—r
hea,etcd% hdo,otewtnaug arc aaaoaer dw ldfeersutpitiobeiiteL hanlme rggntneeooaoalbOetesttanhae so l sln go neIsfoeh srt nes asrdiir lhywr ite6t toowssl %oeowrf ttyhtniiaane. t . odn sedeeet rejerng twrtatniacihvrs err idovlxnha, tboe eeewee safihsn %sora e es tT sroa 7nwri eryrofsred, eo5. ia- e st nrthareeshr
haetooSgareF satgetewtaie e h rr .a eeiireniltioIrtnttewp nhrtrgrpeirnli iaena-ohecn asicnotsut tae ldenss vel-slttlasor tnn st
rsoetnlyeStnh botin iiatgpmauafnbteh e gc a taast F Ianst%vo ns l ttlfeiosp heshs uisthpgEsettkuea, id rnaR sisluklb,sng u nDaebo5t oen Bce eac rlseea. aBntaiolt9sentehctre ae
dogaserafh nn cternIoatrn lktheet,eo enesnvflrosse ertaw idic, AtopaBlcuFt frati .toioenlirnoeo fgl sn eis
fIitilkkh iiwm n nitx $wlc ,htvraTib jnmnat.aoh.tn 7powtsnifapeh lldtgfie.l otoe oi vhbnrlloo ghtals’o0edo ee ooiofsaho n ir si eOnig nctsecrn.snn om k oh,rl3ynfoaor lbuenn3$6l eo,tsimnd pdsanFiee aeftsrnot$tin iwaoitcti4 tto1 1a1d l ’ imih atc ssc k o5ntottneelse fstieteloeieattil tt.lolto lckesfatrnr a slilh eeo ner bir9a rt e wu$rp tal- epu
ull bsnraigrsc hueait esFtan sipiiofgsttifteaant t , sni titoI.allg e lcidnLtn nhen enfothfshs aiset an nehsnae- aoi i attnr snn ne d cg aeyas eotltie obkSog
osfin“i asoatrh t n iwe n iahgndhcibdtar nus”aen.fpch kri w,veeoasin too 'tr o. i"e tag ewaIts a tmxcysin e,ao fhnnd rtent ee "po Id i gum
e8oir1esr neaht 2 cda asln.hsi Fe%r a.tt ts$.cFryueI3,d 9p4
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).