RETAIL REVIEW
MAJOR RETAILERS THAT FILED FOR BANKRUPTCY IN 2025 Bankruptcies impacted 1.5% of global base rent in 2024 and less than 0.3% of base rent in 2025. In all instances, the rents were significantly below market which allowed AlbaneseCormier to realize significant value creation by replacing tenants with stronger credit at higher in-place rental rates.
Craft and fabric retailer that filed for Chapter 11 in January 2025. - 1 location representing 0.2% of portfolio base rent - Negotiating lease at 25% rent increase
Discount retailer chain that filed for Chapter 11 in February 2025 and closed all stores. - 1 locations representing 0.1% of portfolio base rent - $10/sf blended in-place gross - Executed leases with Ross and Five Below at 50% - 100% rent increases
18
Made with FlippingBook - Share PDF online