The Dow Jones Industrial Average and the S&P 500 closed in the black Wednesday, June 6, as investors weighed the latest signals on global trade, including China's reported plans to purchase almost $70 billion of U.S. products if the Trump administration pulled the plug on tariffs. Real estate investment trusts also inched higher.
Regional mall giant Simon Property Group Inc. is partnering with Thai developer Siam Piwat Group to launch a joint venture that will initially develop three projects under the Premium Outlets brand in Thailand. The venture marks Simon's first partnership in Thailand and its fourth one in Asia.
Simon shares rose 1.44% to close at $165.27.
Shopping center REIT DDR Corp. said Scott Roulston and Barry Sholem will resign as directors. The two will join the board of Retail Value Inc. once its spinoff from DDR is finalized, which the REIT said could take place on or about July 1.
DDR shares jumped 4.09% to close at $16.55.
BMO Capital Markets analyst Troy MacLean initiated BSR Real Estate Investment Trust at "outperform," with a price target on the company's stock of $11.25 per share.
MacLean said in a June 6 note that the recently IPO'ed Canadian REIT, which focuses on U.S. multifamily properties, should see a solid total return in the next 12 to 18 months from its attractive valuation and recent CapEx.

REITWeek 2018 coverage
Conference Chatter: JBG SMITH 'well-positioned' for Amazon or Apple headquarters deal, CEO says: At REITWeek, CEO W. Matthew Kelly was mum on details, but said the company could satisfy either company's potential office requirements in the Washington, D.C., area.
Conference Chatter: HCR ManorCare was 'doomed' by high leverage, Welltower CEO says: In presentations at NAREIT's REITWeek 2018 conference, the CEOs of Welltower Inc. and Ventas Inc. took contrasting positions on the skilled nursing industry.
Now featured on S&P Global Market Intelligence
Data Dispatch: Mall REITs own 24 properties with a newly announced Sears store closing: Chart Watch: Simon Property Group Inc. owns the most properties with a closing Sears store, at 11.
Market prices and index values are current as of the time of publication and are subject to change.
