STORM WATCH! These REITs and CMBS Deals Are Most Exposed To Hurricane Florence
The hurricane season has barely started, and the first monster hurricane is already upon us — Hurricane Florence is rapidly approaching the East Coast, and is expected to lead to significant material damage.
Financial markets are pretty good bell-weathers on which industries will be hit hardest, with certain stocks sliding in advance of the storm making landfall. Indeed, Bloomberg reported earlier today on insurance stocks taking a battering, regional utility companies taking a hit, and firms with significant presence in the storm cone of Hurricane Florence (retail, banking, etc) going down.
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Author: Nils Kok