Shopping 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.
Symbol | Company | Property Sector | Market Cap ($B) | Dividend Yield (%) |
|---|---|---|---|---|
KIM | Kimco Realty | Shopping Center | 13.41 | 3.11 |
REG | Regency Centers | Shopping Center | 11.68 | 3.46 |
FRT | Federal Realty | Shopping Center | 9.37 | 3.55 |
BRX | Brixmor Property | Shopping Center | 6.98 | 3.66 |
SITC | SITE Centers | Shopping Center | 3.34 | 3.03 |
PECO | Phillips Edison | Shopping Center | 3.15 | 3.41 |
RPAI | Retail Properties of Am. | Shopping Center | 2.81 | 2.29 |
ROIC | Retail Opportunity | Shopping Center | 2.15 | 2.49 |
UE | Urban Edge | Shopping Center | 2.14 | 3.28 |
AKR | Acadia Realty | Shopping Center | 1.83 | 2.89 |
KRG | Kite Realty Group | Shopping Center | 1.76 | 3.46 |
BFS | Saul Centers | Shopping Center | 1.05 | 4.93 |
RPT | RPT Realty | Shopping Center | 1.04 | 3.74 |
UBA | Urstadt Biddle | Shopping Center | 0.74 | 4.77 |
RVI | Retail Value | Shopping Center | 0.56 | 4.41 |
WSR | Whitestone REIT | Shopping Center | 0.38 | 4.36 |
CDR | Cedar Realty | Shopping Center | 0.31 | 1.18 |
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