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
    12/31/2018, FTSE
    • Number of REITs
      36
    • Total Market Cap ($M)
      $156,050
    • Dividend Yield
      5.28%
    • YTD Total Return
      -4.96%
    • December Total Return
      -8.55%
    • 2017 Total Return
      -4.77%
  • Quarterly Data
    • Q3 2018
      2017
    • FFO ($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.)
      14,176,017
    • Net Completions (sq. ft.)
      8,835,447
    • Occupancy Rate
      95.50%
    • Rent Growth YoY
      1.60%
    • Property Price Index over 5yrs
      34.42%

Retail REITs

 

News about this sector

  • News Article
    1/18/2019

    REIT Fundamentals Reasonably Strong Heading into 2019

    Nareit’s Calvin Schnure joins Bloomberg Intelligence webinar discussing issues moving the REIT industry.

  • Nareit Video
    1/15/2019

    Getty Realty Says Convenience Store Industry is Very Healthy

    CEO Christopher Constant says consolidation within the convenience industry creates opportunity.

  • Nareit Video
    1/10/2019

    Global Net Lease Focuses on “Stable” Countries When Investing Abroad

    CEO James Nelson says the REIT looks for countries with strong sovereign debt ratings.

  • Nareit Video
    1/10/2019

    ShopOne Centers Focused on Market-Leading Grocers

    CEO Mike Carroll says a mix of regional and national tenants positions the company for growth.

  • Nareit Video
    1/10/2019

    Essential Properties Realty Trust Investing IPO Funds into Single Tenant Net Lease Assets

    CEO Peter Mavoides is prioritizing same-store sales growth while also selling off some assets.