Retail REITs
Case studies in retail reits.
Federal Realty: Which Retail Tenants Should Receive More Time?
In a June 1-dated COVID-19 business update, Federal Realty Investment Trust (FRT) reported that rent collections varied sharply across property uses and retail categories. The company reported that it had entered into rent deferrals with 15% of tenants by count, representing less than 10% of annualized base rent (ABR), and negotiations were continuing. Read case
Kimco Realty — Where Should the Next Dollar Go?
Kimco Realty owns interests in grocery-anchored open-air shopping centers and mixed-use properties. On August 4, 2026, it reported strong leasing and occupancy, alongside two active capital paths. Management anticipated $125–175 million of capital commitments for redevelopment and re-tenanting during the remainder of 2026. Read case
Realty Income: How Fast Should the Portfolio Grow?
Realty Income had just reported another quarter of portfolio investment and raised its 2024 investment-volume outlook to approximately $3.5 billion. The company also reported net debt equal to 5.4 times annualized pro forma Adjusted EBITDAre, a company-defined leverage measure. Read case
Regency Centers: How Fast Should the Pipeline Grow?
Regency Centers had announced a goal of starting more than $1 billion of development and redevelopment projects over five years. Its current in-process pipeline was estimated at $547.1 million of project costs at Regency’s pro-rata share. Management estimated that pipeline would stabilize at about a 9% yield, with 46% of costs incurred and approximately $295 million remaining. Read case
Simon Property Group: What should come after the current redevelopment wave?
On August 4, Simon Property Group was preparing for its next quarterly report, scheduled for August 10. Its most recent reported quarter ended March 31. That Q1 release showed higher occupancy, rents, sales and operating income across the portfolio. Read case