Strip Center REITs
Open-air shopping center REITs have characteristics that are generally viewed as less exposed to the retail-related headwinds compared to their mall REIT cousins with a tenant base that has exhibited a higher degree of resilience and adaptability to the continued pressures on the brick and mortar retail sector.
The bifurcation between high and low-quality retail centers, however, continues to widen with grocery, discount, and hardline-anchored (hardware, home improvement) locations viewed as more valuable than shopping centers anchored by softline, hobby/specialty, and electronics retailers.
| Ticker Symbol | Company Name | Property Sector | Market Cap ($B) | Dividend Yield | Payout Frequency | Price-to-FFO | Debt Ratio | Short Interest | |
|---|---|---|---|---|---|---|---|---|---|
| KIM | Kimco Realty |  | Strip Center | 12.51 | 4.76% | Quarter | 12.9 | 35% | 4.0% |
| REG | Regency Centers |  | Strip Center | 12.13 | 4.20% | Quarter | 15.4 | 27% | 1.5% |
| FRT | Federal Realty |  | Strip Center | 8.08 | 4.40% | Quarter | 15.1 | 34% | 1.9% |
| BRX | Brixmor Property |  | Strip Center | 6.77 | 4.84% | Quarter | 11.1 | 43% | 2.7% |
| KRG | Kite Realty Group |  | Strip Center | 4.85 | 4.52% | Quarter | 10.9 | 40% | 3.2% |
| PECO | Phillips Edison |  | Strip Center | 4.79 | 3.28% | Monthly | 15.6 | 32% | 3.8% |
| SITC | SITE Centers |  | Strip Center | 2.80 | 3.89% | Quarter | 11.5 | 33% | 3.9% |
| UE | Urban Edge |  | Strip Center | 2.04 | 3.69% | Quarter | 14.0 | 52% | 4.6% |
| ROIC | Retail Opportunity |  | Strip Center | 1.69 | 4.46% | Quarter | 12.7 | 42% | 3.3% |
| IVT | InvenTrust |  | Strip Center | 1.68 | 3.47% | Quarter | 15.1 | 34% | 2.2% |
| AKR | Acadia Realty |  | Strip Center | 1.50 | 4.58% | Quarter | 12.2 | 49% | 3.2% |
| RPT | RPT Realty |  | Strip Center | 1.04 | 4.60% | Quarter | 12.8 | 48% | 3.3% |
| BFS | Saul Centers |  | Strip Center | 0.94 | 6.02% | Quarter | -- | 49% | 0.7% |
| WSR | Whitestone REIT |  | Strip Center | 0.56 | 4.26% | Monthly | 12.4 | 57% | 1.8% |
| CTO | CTO Realty |  | Strip Center | 0.40 | 8.71% | Quarter | 11.2 | 48% | 3.8% |
