Infographics

INFOGRAPHIC

US REITs

US REITs: Malls, lodging and senior housing face greatest cash flow risk in 2021

Pace of retail bankruptcies, store closures will remain high and challenge mall landlords’ efforts to sustain occupancy and rents. The pandemic has led to sharp income declines for lodging and senior housing REITs, expect these REITs to face longer roads to recovery.

CLICK IMAGE TO VIEW FULL GRAPHIC
(requires sign-in)

INFOGRAPHIC

US Retail

Discretionary retailers will lead US industry profit growth in 2021

US retail operating profit will grow about 20% in 2021, with growth most pronounced in hard-hit discretionary sectors. Our outlook is now stable based upon this stronger-growth trajectory, but downside risks remain high due to uncertainties related to economic growth and the trajectory of new coronavirus cases.

CLICK IMAGE TO VIEW FULL GRAPHIC
(requires sign-in)

INFOGRAPHIC

US mass transit

Ridership faces a long, slow recovery

The coronavirus pandemic will continue to hurt mass transit systems’ financial performance across the United States. Lockdowns, unemployment, remote working, office closures and slowdowns in the retail and leisure industries have led to large drops in ridership, which will not approach pre-pandemic levels for many years.

CLICK IMAGE TO VIEW FULL GRAPHIC
(requires sign-in)

INFOGRAPHIC

Airline Turbulence

Recovery for passenger airlines still a multi-year proposition

Rising infection rates will suppress demand growth in coming months. We project 2021 revenue passenger kilometers will reach only about 40% of 2019's level of 8.7 trillion, which is roughly in line with our June slower recovery projection. We project rated universe revenue of $124 billion and $155 billion in 2020 and 2021, respectively, compared with $315 billion in 2019.

CLICK IMAGE TO VIEW FULL GRAPHIC

(requires sign-in)