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
9/30/2021, Source: FTSE
Number of REITs
30
Dividend Yield
4.21%
YTD Total Return
32.11%
September Total Return
-5.28%
2020 Total Return
-25.18%
Quarterly Data
Source: Nareit T-Tracker
Source: Nareit T-Tracker
| Q2 2021 | 2020 | |
|---|---|---|
| FFO ($M) | $3,275 | $10,464 |
| NOI ($M) | $4,015 | $14,995 |
| Dividends paid ($M) | $1,820 | $6,534 |
| SS NOI | -20.68% | |
| Occupancy Rate | 94.60% |
Performance Details
As of Q4 2019, Source: CoStar Group, Inc
Net Absorption (sq. ft.)
10,790,863
Net Completions (sq. ft.)
11,958,653
Performance Occupancy Rate
95.50%
Rent Growth YoY
2.10%
Property Price Index Over 5 Years
16.33%
