Mall REITs

 Once heralded as a perennial outperformed, Mall REITs have had a tough decade, to say the least, as the rapid growth of e-commerce has sent shockwaves through the broader retail industry. While nearly 90% of total retail sales are still completed through the traditional brick and mortar channels, e-commerce sales account for roughly a fifth of “at-risk” retail categories.

 

The market share loss has been even more significant for the traditionally mall-based retail categories including department stores, clothing, sporting goods/books, and electronics retailers.

mall REITs .png
Symbol
Company
Property Sector
Market Cap ($B)
Dividend Yield (%)
SPG
Simon Property
Mall
41.85
5.18
MAC
Macerich
Mall
3.02
4.26
SKT
Tanger Factory Outlets
Mall
1.81
4.09
SKT
Tanger Factory Outlets
Mall
1.78
4.28
CBL
CBL Properties
Mall
1.02
0
SRG
Seritage Growth
Mall
0.52
0
PEI
Pennsylvania REIT
Mall
0.15
0
PEI
Pennsylvania REIT
Mall
0.05
0