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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Overview8/31/2019, FTSE
- Number of REITs37
- Total Market Cap ($M)$164,915
- Dividend Yield5.15%
- YTD Total Return7.08%
- August Total Return-1.35%
- 2018 Total Return-4.96%
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Quarterly Data
- Q2 20192018
- FFO ($M)Q2 2019: $3,1992018: $14,047
- NOI ($M)Q2 2019: $4,2262018: $17,254
- Dividends paid ($M)Q2 2019: $2,8782018: $10,227
- SS NOIQ2 2019: 1.54%2018:
- Occupancy RateQ2 2019: 94.88%
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Performance DetailsAs of Q2 2019, Source: CoStar Group, Inc
- Net Absorption (sq. ft.)4,768,917
- Net Completions (sq. ft.)8,032,351
- Occupancy Rate95.50%
- Rent Growth YoY1.40%
- Property Price Index over 5yrs21.93%
Retail REITs
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Consolidated-Tomoka Land Consolidated-Tomoka LandCTO Daytona Beach, FloridaStock Price: $67.881 Year Total Return: 9.66%As of market close on 9/20/2019
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Federal Realty Investment Trust Federal Realty Investment TrustFRT Rockville, MarylandStock Price: $134.251 Year Total Return: 8.35%As of market close on 9/20/2019
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Realty Income Corporation Realty Income CorporationO San Diego, CaliforniaStock Price: $75.891 Year Total Return: 37.94%As of market close on 9/20/2019
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Urstadt Biddle Properties, Inc. Urstadt Biddle Properties, Inc.UBA Greenwich, ConnecticutStock Price: $23.641 Year Total Return: 18.76%As of market close on 9/20/2019
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Urban Edge Properties Urban Edge PropertiesUE New York, New YorkStock Price: $19.431 Year Total Return: -8.20%As of market close on 9/20/2019
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Regency Centers Corporation Regency Centers CorporationREG Jacksonville, FloridaStock Price: $67.731 Year Total Return: 7.41%As of market close on 9/20/2019
News about this sector
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Nareit Video7/24/2019
Kite Realty Group Trust’s Anchor Business Flourishing
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Nareit Video7/22/2019
InvenTrust Properties Prepares for the Grocery Store of the Future
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The REIT Report Podcast7/18/2019
Kimco Realty CEO Says ESG Focus Embedded Across Entire Organization
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Nareit Video7/15/2019
Kimco Focused on Top 20 Metro Markets for Future Growth
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Nareit Video7/11/2019
CBL Properties Reinvesting Over $200 Million of Free Cash Flow into Properties
