Retail property stocks are in the bargain bin

The savage bear market in the retail property sector may be over, but investors must tread carefully.

Shoppers outside Debenhams © Dinendra Haria/SOPA Images/LightRocket via Getty Images

(Image credit: Shoppers outside Debenhams © Dinendra Haria/SOPA Images/LightRocket via Getty Images)

A24% jump in the share price of Intu Properties on 11 October, a 10% jump in Hammerson's share price and strength in other property companies with retail exposure has raised hopes that the savage bear market in the sector is over. Richard Williams, research analyst at Marten & Co, calculates that the average share price of the six companies with most exposure had fallen more than 60% in the four years to mid-2019 before the first signs of a turn-around in August.

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Max King
Investment Writer

Max has an Economics degree from the University of Cambridge and is a chartered accountant. He worked at Investec Asset Management for 12 years, managing multi-asset funds investing in internally and externally managed funds, including investment trusts. This included a fund of investment trusts which grew to £120m+. Max has managed ten investment trusts (winning many awards) and sat on the boards of three trusts – two directorships are still active.

After 39 years in financial services, including 30 as a professional fund manager, Max took semi-retirement in 2017. Max has been a MoneyWeek columnist since 2016 writing about investment funds and more generally on markets online, plus occasional opinion pieces. He also writes for the Investment Trust Handbook each year and has contributed to The Daily Telegraph and other publications. See here for details of current investments held by Max.