Mall REITs
What Are Mall REITs? Mall Real Estate Investment Trusts (REITs) own and operate shopping malls, ranging from regional centers to high-end luxury destinations. These REITs generate income by leasing space to retailers, restaurants, and entertainment venues, benefiting from strong consumer foot traffic.
Why Invest? Mall REITs offer high rental income potential, especially in prime locations with premium tenants. Top-tier malls with experiential offerings, such as dining and entertainment, remain resilient despite e-commerce growth, making them attractive for long-term investors.
Challenges & Outlook While e-commerce and shifting shopping habits pose challenges, well-positioned malls continue to evolve with mixed-use spaces and omnichannel retail strategies. High-quality mall REITs in strong markets are adapting, making them a viable investment in the evolving retail landscape.
Mall REITs
Updated Nov 10, 2026, 3:00 AM ET
- REITs
- 4
- Combined Mkt Cap
- $88.3B
- Snapshot Avg Yield
- 3.75%
The snapshot average uses 4 reported yields with equal weight, including zero yields and excluding missing values. Individual company data may update after this snapshot.
The Numbers Behind the Sector
Updated Nov 10, 2026, 3:00 AM ET
- Fwd FFO
- 16.5x
- 3-Yr FFO Growth
- +5.8%
- 3-Yr Return
- +33.4%
- Avg Discount
- -9.6%
- Net Debt/EBITDA
- 5.7x
- Market Value
- $88.42B
Frequently Asked Questions
How many Mall REITs are tracked here?
Hoya Capital's Mall REITs table contains 4 companies classified in this sector in its company database. This is the number of tracked records, not a count of every business in the industry or a recommendation to purchase any security.
What is the average dividend yield for Mall REITs?
The simple average dividend yield for the tracked Mall REITs is 3.75%, using 4 reported yields. Each reported yield receives equal weight, including zero yields; missing values are excluded. This calculation describes the company table and is not a forecast of future distributions.
What is the median dividend yield for Mall REITs?
The median reported dividend yield for Mall REITs is 3.56% across 4 companies. The median is the middle observation after sorting yields, or the average of the two middle observations when the count is even. Missing yields are excluded.
Which tracked company is largest in Mall REITs by market capitalization?
Simon Property (SPG) has the largest reported market capitalization in the Mall REITs table, at $75.14 billion. Market capitalization measures equity market value, not property value or investment quality. The comparison covers only tracked companies with a reported value.