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
    8/31/2019, FTSE
    • Number of REITs
      37
    • Total Market Cap ($M)
      $164,915
    • Dividend Yield
      5.15%
    • YTD Total Return
      7.08%
    • August Total Return
      -1.35%
    • 2018 Total Return
      -4.96%
  • Quarterly Data
    • Q2 2019
      2018
    • FFO ($M)
      Q2 2019: $3,199
      2018: $14,047
    • NOI ($M)
      Q2 2019: $4,226
      2018: $17,254
    • Dividends paid ($M)
      Q2 2019: $2,878
      2018: $10,227
    • SS NOI
      Q2 2019: 1.54%
      2018:
    • Occupancy Rate
      Q2 2019: 94.88%
  • Performance Details
    • Net Absorption (sq. ft.)
      4,768,917
    • Net Completions (sq. ft.)
      8,032,351
    • Occupancy Rate
      95.50%
    • Rent Growth YoY
      1.40%
    • Property Price Index over 5yrs
      21.93%

Retail REITs

 

News about this sector

  • Nareit Video
    7/24/2019

    Kite Realty Group Trust’s Anchor Business Flourishing

    CEO John Kite says the company has signed 20 new anchor leases in the past two years.

  • Nareit Video
    7/22/2019

    InvenTrust Properties Prepares for the Grocery Store of the Future

    CEO Thomas McGuinness says it could include delivery via driverless cars and the use of virtual reality glasses.

  • The REIT Report Podcast
    7/18/2019

    Kimco Realty CEO Says ESG Focus Embedded Across Entire Organization

    Conor Flynn says REIT looking to take ESG to the next level.

  • Nareit Video
    7/15/2019

    Kimco Focused on Top 20 Metro Markets for Future Growth

    CEO Conor Flynn says the REIT is embracing retail’s “dramatic” evolution.

  • Nareit Video
    7/11/2019

    CBL Properties Reinvesting Over $200 Million of Free Cash Flow into Properties

    CEO Stephen Lebovitz says CBL is working to solidify its portfolio.