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 (%) |
|---|---|---|---|---|
REG | Regency Centers | Shopping Center REIT | 10.94 | 3.7 |
KIM | Kimco Realty | Shopping Center REIT | 9.12 | 3.24 |
FRT | Federal Realty | Shopping Center REIT | 9.03 | 3.67 |
BRX | Brixmor Property | Shopping Center REIT | 6.8 | 3.76 |
WRI | Weingarten Realty | Shopping Center REIT | 4.12 | 2.85 |
SITC | SITE Centers | Shopping Center REIT | 3.16 | 3.21 |
WSR | Whitestone REIT | Shopping Center REIT | 3 | 5.42 |
RPAI | Retail Properties of Am. | Shopping Center REIT | 2.47 | 2.62 |
UE | Urban Edge | Shopping Center REIT | 2.2 | 3.19 |
ROIC | Retail Opportunity | Shopping Center REIT | 2.1 | 2.5 |
AKR | Acadia Realty | Shopping Center REIT | 1.87 | 2.79 |
KRG | Kite Realty Group | Shopping Center REIT | 1.79 | 3.39 |
BFS | Saul Centers | Shopping Center REIT | 1.06 | 4.88 |
RPT | RPT Realty | Shopping Center REIT | 1.04 | 2.35 |
UBA | Urstadt Biddle | Shopping Center REIT | 0.73 | 4.86 |
RVI | Retail Value | Shopping Center REIT | 0.45 | 5.51 |
CDR | Cedar Realty | Shopping Center REIT | 0.23 | 1.59 |
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