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. Well-known companies that utilize REIT-owned real estate include Whole Foods, Nordstrom, Krogers, and many more.

Who Invests in Retail REITs?

Many Americans may be unaware that they already have investments in REITs via their 401ks, Thrift Savings Plan (TSP), or other investment vehicle geared towards retirement. Large institutional investors, including pension funds, endowments, foundations, insurance companies, and bank departments, also invest in REITs as a cost effective and efficient way to gain exposure to the real estate asset class.

How to Invest in Retail REITs

There are currently 33 retail REITs listed on the FTSE Nareit US Real Estate Indexes that individuals can invest in directly with the help of a broker or by purchasing shares in a participating REIT mutual fund of REIT exchange-traded fund (ETF).

Overview

4/30/2022, Source: FTSE
Number of REITs
32
Dividend Yield
4.35%
YTD Total Return
-10.13%
April Total Return
-3.67%
2021 Total Return
51.91%

Quarterly Data

Source: Nareit T-Tracker
Q4 2021 2021
FFO ($M) $3,216 $12,293
NOI ($M) $4,226 $15,911
Dividends paid ($M) $2,080 $8,043
SS NOI -20.68%
Occupancy Rate 94.60%

Performance Details

As of Q4 2021, Source: CoStar Group, Inc
Net Absorption (sq. ft.)
93,942,827
Net Completions (sq. ft.)
19,562,709
Performance Occupancy Rate
95.49%
Rent Growth YoY
3.9%

List of Retail REITs

1 Year Total Return Stock price
Acadia Realty Trust
AKR | Rye United States | Retail REITs
-12.12
As of market close 05/25/2022
$18.33
Agree Realty Corporation
ADC | Bloomfield Hills United States | Retail REITs
4.41
As of market close 05/25/2022
$70.33
Alpine Income Property Trust
PINE | Daytona Beach United States | Retail REITs
6.96
As of market close 05/25/2022
$18.39
Brixmor Property Group Inc.
BRX | New York United States | Retail REITs
9.15
As of market close 05/25/2022
$23.23
CBL Properties
CBL | Chattanooga United States | Retail REITs
0.00
As of market close 05/25/2022
$0.12
CIM Income NAV, Inc.
N/A | Phoenix United States | Retail REITs
Not available
$0.00