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
    12/31/2019, FTSE
    • Number of REITs
      38
    • Total Market Cap ($M)
      $171,404
    • Dividend Yield
      5.07%
    • YTD Total Return
      10.65%
    • December Total Return
      -2.78%
    • 2019 Total Return
      10.65%
  • Quarterly Data
    • Q3 2019
      2018
    • FFO ($M)
      Q3 2019: $3,370
      2018: $14,047
    • NOI ($M)
      Q3 2019: $4,207
      2018: $17,254
    • Dividends paid ($M)
      Q3 2019: $2,642
      2018: $10,227
    • SS NOI
      Q3 2019: 0.68%
      2018:
    • Occupancy Rate
      Q3 2019: 94.60%
  • Performance Details
    • Net Absorption (sq. ft.)
      8,399,518
    • Net Completions (sq. ft.)
      10,323,912
    • Occupancy Rate
      95.46%
    • Rent Growth YoY
      1.31%
    • Property Price Index over 5yrs
      21.75%

Retail REITs

 

News about this sector

  • REIT Magazine
    1/28/2020

    Urstadt Biddle's Focus on Suburban New York Properties Yields Success

    The REIT has paid 50 consecutive years of uninterrupted dividends and 26 consecutive years of increasing dividends.

  • Nareit Video
    1/17/2020

    National Retail Properties Continues Raising Its Dividend for 30 Consecutive Years

    CEO Jay Whitehurst added that the REIT’s portfolio is “very healthy,” at 99% occupied.
  • Nareit Video
    1/9/2020

    Acadia Realty Trust Remains Focused on Street and Urban Retailers in Key Gateway Markets

    CEO Ken Bernstein also says the REIT’s leverage level is strong and its portfolio is carefully curated.
  • Nareit Video
    1/8/2020

    Taubman Centers Seeing Good Demand in Its Shopping Centers

    CEO Bobby Taubman says despite tenant bankruptcies, the REIT closed 2019 at approximately 95% occupied.

  • Nareit Video
    1/7/2020

    Regency Centers Taking Advantage of Changing Retail Landscape Opportunities

    New CEO Lisa Palmer says bricks and mortar remain critical to retail strategy.