top of page
income builder 2021 24420.png
apartment REITs
homebuilders ETFs
single family rental REITs
manufactured housing REITs
student housing REITs
data center REITs
Cell tower REITs
net lease REITs
industrial REITs
storage REITs
office REITs
mall REITs
hotel REITs
Timber REITs
healthcare REITs
Billboard REITs
shopping center REIT
Casino REITs
cannabis REITs
farmland REIT investing
mortgage REITs

Explore our Real Estate Indexes

The Easy Way To Invest in Real Estate

RIET Hoya Capital High Dividend Yield ETF.png
HOMZ_Logo_Just Ticker.png
ETF express.png
  • Alex Pettee, CFA

Shopping Center REITs: Back On Sale

  • Unlike their mall REIT peers, Shopping Center REITs entered 2022 with fundamentals that are as strong- or possibly even stronger- than before the pandemic with a full recovery now complete.

  • Occupancy rate trends and leasing spreads have been especially impressive with rents rising by double-digit rates in Q4, indicating clear signs of pricing power for the first time since the mid-2010s.

  • Two steps forward, one back. Soaring gas prices from the Russia/Ukraine conflict have tempered the post-pandemic optimism, but absent an outright recession, the positive fundamental trajectory should continue into 2023.

  • Big-box retailers and grocery stores have been surprising "success stories" of the pandemic era. Large-format retailers have increasingly utilized their brick-and-mortar properties as hybrid "distribution centers" in last-mile delivery networks.

  • Shopping Center REIT valuations were becoming rich in late-2021, but the combination of Omicron and the Russia conflict have pulled valuations of several higher-quality REITs back toward "bargain" territory.

Click Here To Read The Full Report on Seeking Alpha!

bottom of page