#investor-returns

#investor-returns

Many landlords have been able to offset higher acquisition costs with rent growth, but returns are tightening in a majority of counties. Even though rents and wages are rising in many markets, record-high home prices are compressing yields. Investors will need to be more selective, focusing on markets where rent growth and affordability trends continue to support strong returns.

Departing CEO Brian Cornell will become the Executive Chairman. That means he will continue to run Target, at least in part. That is not much of a punishment given the failure of his tenure. Michael Fiddelke, who has been both COO and CFO, will become the new chief executive. Given his previous jobs, he contributed almost as much to Target's failure at Cornell.