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StockNews.com
Business
Santanu Roy

The Best Retail REIT to Buy Despite Drop in March Retail Sales

With consistent income generation and assets that stand to benefit from the gradual return to pre-pandemic lifestyles, Saul Centers, Inc. (BFS) has the fundamental strength to deliver consistent and impressive risk-adjusted returns in an economy exhibiting signs of sluggishness.

The retail sales data for March, released earlier today, dropped 1%, higher than the 0.4% decline expected by economists polled by Reuters. This represents the second straight monthly decline following an increase in January. The data increased by 2.9% year-over-year.

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