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. Well-known companies that utilize REIT-owned real estate include Whole Foods, Nordstrom, Krogers, and many more.

Who Invests in Retail REITs?

Many Americans may be unaware that they already have investments in REITs via their 401ks, Thrift Savings Plan (TSP), or other investment vehicle geared towards retirement. Large institutional investors, including pension funds, endowments, foundations, insurance companies, and bank departments, also invest in REITs as a cost effective and efficient way to gain exposure to the real estate asset class.

How to Invest in Retail REITs

There are currently 33 retail REITs listed on the FTSE Nareit US Real Estate Indexes that individuals can invest in directly with the help of a broker or by purchasing shares in a participating REIT mutual fund of REIT exchange-traded fund (ETF).

Overview

4/30/2022, Source: FTSE
Number of REITs
32
Dividend Yield
4.51%
YTD Total Return
-12.12%
May Total Return
-2.21%
2021 Total Return
51.91%

Quarterly Data

Source: Nareit T-Tracker
Q1 2022 2022
FFO ($M) $3,534 $3,534
NOI ($M) $4,468 $4,468
Dividends paid ($M) $2,307 $2,307
SS NOI 10.25%
Occupancy Rate 96.47%

Performance Details

As of Q1 2022, Source: CoStar Group, Inc
Net Absorption (sq. ft.)
93,942,827
Net Completions (sq. ft.)
19,562,709
Performance Occupancy Rate
95.49%
Rent Growth YoY
3.9%

List of Retail REITs

1 Year Total Return Stock price
Acadia Realty Trust
AKR | Rye United States | Retail REITs
-24.18%
As of market close 06/27/2022
$16.19
Agree Realty Corporation
ADC | Bloomfield Hills United States | Retail REITs
9.89%
As of market close 06/27/2022
$74.12
Alpine Income Property Trust
PINE | Daytona Beach United States | Retail REITs
2.78%
As of market close 06/27/2022
$18.39
Brixmor Property Group Inc.
BRX | New York United States | Retail REITs
-5.66%
As of market close 06/27/2022
$20.86
CBL Properties
CBL | Chattanooga United States | Retail REITs
Not available
$25.24
CIM Real Estate Finance Trust, Inc.
CRMF | Phoenix United States | Retail REITs
Not available
$5.43