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
    As of 6/29/2018, FTSE
    • Number of REITs
      35
    • Total Market Cap ($M)
      $181,362
    • Dividend Yield
      4.93%
    • YTD Total Return
      -2.18%
    • June Total Return
      5.77%
    • 2017 Total Return
      -4.77%
  • Quarterly Data
    • Q1 2018
      2017
    • FFO ($M)
      Q1 2018: $3,358
      2017: $13,551
    • NOI ($M)
      Q1 2018: $4,305
      2017: $17,334
    • Dividends paid ($M)
      Q1 2018: $2,479
      2017: $9,940
    • SS NOI
      Q1 2018: 1.10%
      2017:
    • Occupancy Rate
      Q1 2018: 95.30%
  • Performance Details
    • Net Absorption (sq. ft.)
      13,414,128
    • Net Completions (sq. ft.)
      13,040,357
    • Occupancy Rate
      95.40%
    • Rent Growth YoY
      1.80%
    • Property Price Index over 5yrs
      36.40%

Retail REITs

 

News about this sector

  • Nareit Video
    7/18/2018

    VEREIT’s Portfolio Diversification Making Positive Strides

    CEO Glenn Rufrano says setting diversification goals several years ago has kept company on track.

  • News Article
    7/18/2018

    Phillips Edison to Merge With Phillips Edison Grocery Center REIT II

    Merger will create $6.3 billion REIT focused on grocery-anchored shopping centers.

  • Nareit Video
    7/18/2018

    Green Street Says European Private Market Real Estate Returns Outpacing Local Bond Rates

    Green Street’s Cedrik Lachance says U.S. residential market “very attractively priced.”

  • Nareit Video
    7/10/2018

    PREIT Says Metrics Consistent with High-Quality Mall Operators

    CEO Joe Coradino sees continued M&A activity in retail real estate.

  • Nareit Video
    7/6/2018

    Retail Properties of America Sees Growth Opportunities in Slimmed-Down Portfolio

    CEO Steven Grimes says omnichannel shopping concept has created a “smarter retailer.”