Retail REITs

Retail REITs own and manage retail real estate and rent space in those properties to tenants. Retail REITs include REITs that focus on large regional malls, outlet centers, grocery-anchored shopping centers and power centers that feature big box retailers. Net lease REITs own freestanding properties and structure their leases so that tenants pay both rent and the majority of operating expenses for a property.

  • Overview
    6/30/2019, FTSE
    • Number of REITs
      37
    • Total Market Cap ($M)
      $165,539
    • Dividend Yield
      5.03%
    • YTD Total Return
      6.70%
    • June Total Return
      -0.58%
    • 2018 Total Return
      -4.96%
  • Quarterly Data
    • Q1 2019
      2018
    • FFO ($M)
      Q1 2019: $3,327
      2018: $14,117
    • NOI ($M)
      Q1 2019: $4,216
      2018: $17,273
    • Dividends paid ($M)
      Q1 2019: $2,402
      2018: $10,209
    • SS NOI
      Q1 2019: 1.06%
      2018:
    • Occupancy Rate
      Q1 2019: 94.84%
  • Performance Details
    • Net Absorption (sq. ft.)
      8,242,907
    • Net Completions (sq. ft.)
      8,687,435
    • Occupancy Rate
      95.60%
    • Rent Growth YoY
      1.50%
    • Property Price Index over 5yrs
      25.70%

Retail REITs

 

News about this sector

  • Nareit Video
    7/15/2019

    Kimco Focused on Top 20 Metro Markets for Future Growth

    CEO Conor Flynn says the REIT is embracing retail’s “dramatic” evolution.

  • Nareit Video
    7/11/2019

    CBL Properties Reinvesting Over $200 Million of Free Cash Flow into Properties

    CEO Stephen Lebovitz says CBL is working to solidify its portfolio.

  • Nareit Video
    7/11/2019

    Weingarten Realty Investors Evolving to Stay on Top of “Ever-Changing” Retail

    CEO Drew Alexander says the REIT sold $600 million in properties last year to improve shareholder value.

  • Nareit Video
    7/11/2019

    Seritage CEO Sees “Significant Opportunity” in Large Scale and Mixed-Use Development

    Benjamin Schall says REIT has prioritized assets with potential for significant densification.

  • Nareit Video
    7/10/2019

    Consolidated-Tomoka Land Co. Continues Transition to Single Tenant Properties

    CEO John Albright says the C-corps is beginning to resemble a more traditional REIT.