Strip Center REITs
What Are Strip Center REITs? Strip Center Real Estate Investment Trusts (REITs) own and lease open-air shopping centers typically anchored by grocery stores, pharmacies, and essential retailers. These properties attract steady foot traffic, providing stable rental income for investors.
Why Invest? Strip center REITs offer reliable cash flow, benefiting from necessity-based tenants that remain resilient during economic downturns. With strong occupancy rates and long-term leases, they provide diversification and steady returns in the retail sector.
Challenges & Outlook While e-commerce competition and economic fluctuations pose risks, strip centers remain essential due to demand for everyday goods and services. As consumer shopping habits evolve, well-located strip center REITs continue to be a solid long-term investment in retail real estate.
Strip Center REITs
Updated Nov 10, 2026, 3:00 AM ET
- REITs
- 12
- Combined Mkt Cap
- $70.9B
- Snapshot Avg Yield
- 4.31%
The snapshot average uses 12 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
- 13.6x
- 3-Yr FFO Growth
- +16.5%
- 3-Yr Return
- +12.3%
- Avg Discount
- -13.3%
- Net Debt/EBITDA
- 5.3x
- Market Value
- $70.91B
| Company | Ticker | Market Cap | Dividend Yield | P/FFO | 3Yr Total Return |
|---|---|---|---|---|---|
| Kimco Realty | KIM | $17.1B | 4.34% | 14.1x | +18.8% |
| Regency Centers | REG | $14.4B | 4.20% | 15.6x | +13.0% |
| Federal Realty | FRT | $9.79B | 4.08% | 15.1x | +12.2% |
| Brixmor Property | BRX | $9.30B | 4.36% | 12.8x | +18.3% |
| Phillips Edison | PECO | $5.86B | 3.38% | 14.8x | +11.1% |
| Kite Realty Group | KRG | $5.07B | 4.53% | 12.3x | +12.8% |
| Acadia Realty | AKR | $2.76B | 4.01% | 16.1x | +16.6% |
| Urban Edge | UE | $2.61B | 4.07% | 13.4x | +13.0% |
| InvenTrust | IVT | $2.49B | 3.14% | 16.0x | +13.2% |
| CTO Realty | CTO | $0.79B | 7.46% | 9.6x | +17.0% |
| Saul Centers | BFS | $0.72B | 8.19% | 9.4x | +0.5% |
| SITE Centers | SITC | $0.04B | 0.00% | Not reported | +0.7% |
Frequently Asked Questions
How many Strip Center REITs are tracked here?
Hoya Capital's Strip Center REITs table contains 12 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 Strip Center REITs?
The simple average dividend yield for the tracked Strip Center REITs is 4.31%, using 12 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 Strip Center REITs?
The median reported dividend yield for Strip Center REITs is 4.14% across 12 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 Strip Center REITs by market capitalization?
Kimco Realty (KIM) has the largest reported market capitalization in the Strip Center REITs table, at $17.13 billion. Market capitalization measures equity market value, not property value or investment quality. The comparison covers only tracked companies with a reported value.