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
    2/28/2019, FTSE
    • Number of REITs
      36
    • Total Market Cap ($M)
      $173,110
    • Dividend Yield
      4.79%
    • YTD Total Return
      11.49%
    • February Total Return
      0.39%
    • 2018 Total Return
      -4.96%
  • Quarterly Data
    • Q3 2018
      2017
    • FFO ($M)
      Q3 2018: $3,756
      2017: $13,551
    • NOI ($M)
      Q3 2018: $4,246
      2017: $17,334
    • Dividends paid ($M)
      Q3 2018: $2,680
      2017: $9,940
    • SS NOI
      Q3 2018: 2.10%
      2017:
    • Occupancy Rate
      Q3 2018: 95.43%
  • Performance Details
    • Net Absorption (sq. ft.)
      17,551,566
    • Net Completions (sq. ft.)
      11,146,320
    • Occupancy Rate
      95.60%
    • Rent Growth YoY
      1.50%
    • Property Price Index over 5yrs
      25.00%

Retail REITs

 

News about this sector

  • Nareit Video
    3/13/2019

    National Retail Properties Maintains Lengthy Dividend Increase Streak

    CEO Jay Whitehurst says the REIT’s top 25 tenants are focused on e-commerce-resistant businesses.

  • Nareit Video
    2/25/2019

    Kimco’s Green Leases Address Tenant/Landlord Split-Incentive Issue

    Kimco’s Will Teichman says initiative benefits both tenants and landlords.

  • Nareit Video
    2/22/2019

    Weingarten Realty’s Green Forward Program Implements and Tracks Sustainability Initiatives

    Weingarten’s Chris Oftedal stresses the importance of educating stakeholders about ESG benefits.

  • Nareit Video
    2/22/2019

    Retail REIT SITE Centers Focused on Increasing Sustainability Engagement with Stakeholders

    SITE Center’s Joe Lopez sees shift away from asset-based approach.

  • News Article
    2/14/2019

    Taubman to Sell Half of its Interests in Asian Shopping Centers to Blackstone

    Taubman will remain responsible for the joint management of the three shopping centers in South Korea and China.