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
    As of 12/29/2017, FTSE
    • Number of REITs
      33
    • Total Market Cap ($M)
      $189,778
    • Dividend Yield
      4.60%
    • YTD Total Return
      -4.77%
    • December Total Return
      3.68%
    • 2016 Total Return
      0.95%
  • Quarterly Data
    • Q3 2017
      2016
    • FFO ($M)
      Q3 2017: $3,383
      2016: $13,411
    • NOI ($M)
      Q3 2017: $4,324
      2016: $17,091
    • Dividends paid ($M)
      Q3 2017: $2,384
      2016: $9,427
    • SS NOI
      Q3 2017: 1.75%
      2016:
    • Occupancy Rate
      Q3 2017: 95.70%
  • Performance Details
    • Net Absorption (sq. ft.)
      8,287,611
    • Net Completions (sq. ft.)
      11,035,476
    • Occupancy Rate
      94.80%
    • Rent Growth YoY
      2.00%
    • Property Price Index over 5yrs
      40.22%

Retail REITs

 

News about this sector

  • Nareit Video
    1/11/2018

    National Retail Properties Focused on Direct, Off-Market Retail Relationships

    Julian Whitehurst

    CEO says off-market business providing stable acquisition pipeline.

  • Nareit Video
    1/8/2018

    Retail REIT Washington Prime Group Diversifying Tenant Base

    Louis Conforti

    CEO Louis Conforti says common areas play key role in success of malls.

  • Nareit Video
    1/5/2018

    STORE Capital CEO Says REIT on Pace for $1 Billion in Acquisitions in 2018

    Berkshire Hathaway stake confirms interest of generalist investors, according to STORE CEO Chris Volk.

  • Nareit Video
    1/3/2018

    Fitch Analyst Expects Solid Occupancy Rates for REITs in 2018

    Fitch's Steven Marks discusses trends in REIT borrowing.

  • News Article
    1/3/2018

    FTSE Nareit All REITs Index Down 0.1% in December

    REITs return 9.3 percent in 2017.