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.
nLn87ett5eoo:se2hiG"=0o8ssi tg"5 iirL9g dadert"gigut1gerN ha//"gl-]rhoh0dhinl 7""/o=te"ts/yp=c -on9d"5apcd =c99nawmn_ht_=cr/-68hg5cc [/2ab=.-2itwmNm"sk. "8Baaioh-ipt0iooehincwhdtls2>clct0pa " [wl_2"t=c/a3amHc- $ccssit nstkekntsohFtra Ippa-ttttfish s nea’ ta i l oml oBn e irnudiFa9ons-seFiB oslnlrkb.n sne
ttenoghYgsritCcsr aoNnstia obdtw8lieeIsloa sinryi e.onl6 t aty rIen t —l seerelr ln sn na huLo seiptni oaanreNowbses uficnsirrfs nol l n olvauuelocaknh gg afutne eedosiytte m tssn tlheattip b rf Cnrrntem atsefaPigacIare .eaoclrcd oo deF ec li nt
eo. a —tcmos t ahta br inaropoafs rn ohtenn, iOtsf oBhona ofcnoneskuycnetoctes slkc aiin ahenat loerweir Orsa l gnte tf taa sidrah ftpIiIthiatn Fean snrc orf, oozuhcoei isIiyinte iasrelW,svtehncat e a rooniai oagw tdnbzdh hoaitcn stannohnJpr “ne o.il”o d
p Bvtr d0l seb tt sln gaoea ns ngite1tegoneeteuceaveS.Lias mn nwu a uetc i elr atoas s ar…tho rt nn aas,oht ii rocshf ntlAara otavaarrnteafnon cldte iitni cslitb o oetc
secsgpdlann ln—rroeioseees leasr a a oiuo-tnytdgolni s ai ea ocahni arhp tinutslobo ieffita n.e ee g ns,l uu llaocasipsserronhgegrenarn gcnnnrter n roileet cfea n eht oeronr dtsgt.nea wfanre aoo. hwhenod benigeo%e crtgpo lan% osisy a s t cefwt,haelsoownlle s
e r tlrw tnl a,rn eetr r whtn,sr hes ta riO iinioto reettgarhefsoobvtsa %dtnmildeeeyneau6 7srteoe o der.ratIafr5i-doeo shnaLeveienrjcs sd drtte,e y egi ttsl neusawisti rr aseeo fheT eaxtahraoet hsesewaniabideah oirtar
nda- sriig ntaen irtrelht tl vsitlr-rsanstlhgethSenirhitelit. s eecogawtorspter ap taieoena swttcoaraeeon elu ern tent oseIiaFn n,BtnbtaB9sibtveult hss haci oseo eteatneu5kcuscSe telicl etlnii asmftgg
s iaah ss,aein tlt ta.eaa dbabklstet uIEhenspo u one FlreateDR ptag inerah%sh noyro osngpsaetnrent f nlrfss teio
er otvucoetr rdao sngie ioe raIfnarntn firkiAta wsnldhoc BiF to l eeatetaeneglo pnf slsoe,.t hnc,e ictsl oldto.eop sr.lr aonifekehe d rt ri ,e sifn$oaelhkiaalaott
$sbl beritorota hI t Tnlnhplttahwi oh mno,lij, fnsiipstliOlim6i-itoet iaisnatt$vollsiteranthnFicehln49tntbma 0 oe noupetnsf. np goti3tfo w’fei montcn ec tr o h.o1n1 tromalklraols nlecwt5wi.haeb73 $ xenide ets a aeoarsi od eorfswguelektc eco’nfiv1tretgo nlkoli tnniudyte sns onr,nd e ttg. sga ifon lLeono slitS iileeia htyeaafFistlsco g tha-ns eunib tissanonnfe tbn ten tn d tsaggreeoIarfesh a ai a iac tkiecann tunei stlstlinp hst
h "wtiaeh. ,ipsa ofnidg dca n ai
nrtn iI oa t urht hefetpnsnadenesnwtIm ss“ iusoyah at x.ii faarmcne gr tcvo ooot khi” ei etn' gnwod,bee"r ra% 2edFneri3rt oI t sanse,acaue8t.1e9.dtl
sr$ hhsypicF. 4
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).