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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Overview6/30/2019, FTSE
- Number of REITs37
- Total Market Cap ($M)$165,539
- Dividend Yield5.03%
- YTD Total Return6.70%
- June Total Return-0.58%
- 2018 Total Return-4.96%
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Quarterly Data
- Q1 20192018
- FFO ($M)Q1 2019: $3,3272018: $14,117
- NOI ($M)Q1 2019: $4,2162018: $17,273
- Dividends paid ($M)Q1 2019: $2,4022018: $10,209
- SS NOIQ1 2019: 1.06%2018:
- Occupancy RateQ1 2019: 94.84%
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Performance DetailsAs of Q1 2019, Source: CoStar Group, Inc
- Net Absorption (sq. ft.)8,242,907
- Net Completions (sq. ft.)8,687,435
- Occupancy Rate95.60%
- Rent Growth YoY1.50%
- Property Price Index over 5yrs25.70%
Retail REITs
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Retail Value Inc. Retail Value Inc.RVI Beachwood, OhioStock Price: $35.371 Year Total Return: 1.63%As of market close on 7/12/2019
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Regency Centers Corporation Regency Centers CorporationREG Jacksonville, FloridaStock Price: $68.541 Year Total Return: 15.81%As of market close on 7/12/2019
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Spirit Realty Capital Spirit Realty CapitalSRC Dallas, TexasStock Price: $44.801 Year Total Return: 15.80%As of market close on 7/12/2019
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Saul Centers, Inc. Saul Centers, Inc.BFS Bethesda, MarylandStock Price: $55.251 Year Total Return: 5.49%As of market close on 7/12/2019
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Brixmor Property Group Inc. Brixmor Property Group Inc.BRX New York, New YorkStock Price: $18.221 Year Total Return: 12.71%As of market close on 7/12/2019
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Kimco Realty Corporation Kimco Realty CorporationKIM New Hyde Park, New YorkStock Price: $18.401 Year Total Return: 18.92%As of market close on 7/12/2019
News about this sector
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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
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Nareit Video7/11/2019
Weingarten Realty Investors Evolving to Stay on Top of “Ever-Changing” Retail
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Nareit Video7/11/2019
Seritage CEO Sees “Significant Opportunity” in Large Scale and Mixed-Use Development
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Nareit Video7/10/2019
Consolidated-Tomoka Land Co. Continues Transition to Single Tenant Properties
