Majority of retail REITS in U.S. will have lease type as “net leases” (i.e., operating expenses should be borne by tenants) and have long lease terms, hence real estate owners of retail property will be insulated from unexpected increases in operating expenses and will experience low volatility in rental income. Today we have shortlisted six U.S. retail REIT stocks that have reported high growth in funds from operations (FFO) during the latest reported quarter. During the past one month, majority of the stocks have registered price gains with daily average trading volumes in excess of 100,000.
| Company Name |
Ticker |
Exchange |
Market Cap |
Last Price |
Average Volume |
Price Change (1-Month) |
FFO Growth (Latest Quarter) |
|
Kite Realty Group Trust |
KRG |
NYSE |
2,435.7 |
29.18 |
667,150 |
-1.6% |
262.0% |
|
Spirit Realty Capital Inc |
SRC |
NYSE |
4,970.1 |
12.47 |
4,722,447 |
1.7% |
189.5% |
|
CBL & Associates Properties Inc |
CBL |
NYSE |
3,461.4 |
20.33 |
1,784,429 |
1.7% |
31.4% |
|
Ramco-Gershenson Properties Trust |
RPT |
NYSE |
1,492.3 |
19.24 |
565,860 |
0.9% |
25.0% |
|
Agree Realty Corp |
ADC |
NYSE |
584.8 |
33.34 |
173,863 |
3.3% |
14.7% |
|
Cedar Realty Trust Inc |
CDR |
NYSE |
658.6 |
7.75 |
502,635 |
1.4% |
13.0% |
Source: Bloomberg
Company Description
Kite Realty Group Trust (NYSE: KRG)
Kite Realty Group Trust is a full-service, vertically integrated real estate company focused primarily on the development, construction, acquisition, ownership and operation of neighborhood and community shopping centers. The company own properties in Indiana, Florida, Texas, Washington, Oregon, New Jersey, Illinois and Georgia.
Spirit Realty Capital Inc (NYSE: SRC)
Spirit Realty Capital, Inc. is a self-administered and self-managed real estate company. The Company invests in single-tenant, operationally essential real estate throughout the United States that is leased on a long-term, triple-net basis primarily to tenants engaged in retail, service and distribution industries.
CBL & Associates Properties Inc (NYSE: CBL)
CBL & Associates Properties, Inc. is a self managed self administered real estate investment trust. The Company owns regional shopping malls and community shopping centers in the United States.
Ramco-Gershenson Properties Trust (NYSE: RPT)
Ramco-Gershenson Properties Trust owns, develops, acquires, manages and leases regional malls, community shopping centers and single tenant properties, nationally. The REIT’S portfolio consists of properties located in Michigan, Ohio, Florida, New York, New Jersey, Maryland, Georgia and Wisconsin, North Carolina. South Carolina, Tennessee and Alabama.
Agree Realty Corp (NYSE: ADC)
Agree Realty Corporation is a real estate investment trust that owns, manages and develops primarily neighborhood community shopping centers or single tenant properties, located in twelve states and leased under net leases to major retail tenants.
Cedar Realty Trust Inc (NYSE: CDR)
Cedar Realty Trust Inc. is a fully-integrated real estate investment trust. The Company’s portfolio of primarily supermarket-anchored shopping centers straddles the Washington, DC to Boston corridor.
