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.
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Overview12/31/2019, FTSE
- Number of REITs38
- Total Market Cap ($M)$171,404
- Dividend Yield5.07%
- YTD Total Return10.65%
- December Total Return-2.78%
- 2019 Total Return10.65%
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Quarterly Data
- Q3 20192018
- FFO ($M)Q3 2019: $3,3702018: $14,047
- NOI ($M)Q3 2019: $4,2072018: $17,254
- Dividends paid ($M)Q3 2019: $2,6422018: $10,227
- SS NOIQ3 2019: 0.68%2018:
- Occupancy RateQ3 2019: 94.60%
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Performance DetailsAs of Q3 2019, Source: CoStar Group, Inc
- Net Absorption (sq. ft.)8,399,518
- Net Completions (sq. ft.)10,323,912
- Occupancy Rate95.46%
- Rent Growth YoY1.31%
- Property Price Index over 5yrs21.75%
Retail REITs
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Saul Centers, Inc. Saul Centers, Inc.BFS Bethesda, MarylandStock Price: $56.051 Year Total Return: 10.40%As of market close on 1/27/2020
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Agree Realty Corporation Agree Realty CorporationADC Bloomfield Hills, MichiganStock Price: $75.091 Year Total Return: 23.38%As of market close on 1/27/2020
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National Retail Properties, Inc. National Retail Properties, Inc.NNN Orlando, FloridaStock Price: $56.271 Year Total Return: 14.93%As of market close on 1/27/2020
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Realty Income Corporation Realty Income CorporationO San Diego, CaliforniaStock Price: $77.401 Year Total Return: 23.20%As of market close on 1/27/2020
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Four Corners Property Trust Four Corners Property TrustFCPT Mill Valley, CaliforniaStock Price: $30.111 Year Total Return: 15.85%As of market close on 1/27/2020
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Essential Properties Realty Trust, Inc. Essential Properties Realty Trust, Inc.EPRT Princeton, New JerseyStock Price: $27.071 Year Total Return: 84.66%As of market close on 1/27/2020
News about this sector
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REIT Magazine1/28/2020
Urstadt Biddle's Focus on Suburban New York Properties Yields Success
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Nareit Video1/17/2020
National Retail Properties Continues Raising Its Dividend for 30 Consecutive Years
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Nareit Video1/9/2020
Acadia Realty Trust Remains Focused on Street and Urban Retailers in Key Gateway Markets
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Nareit Video1/8/2020
Taubman Centers Seeing Good Demand in Its Shopping Centers
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Nareit Video1/7/2020
Regency Centers Taking Advantage of Changing Retail Landscape Opportunities
