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South Florida

Retail REITs are riding high

Equity One's Piedmont Peachtree Crossing in Atlanta is considered a top-performing shopping center.
Equity One's Piedmont Peachtree Crossing in Atlanta is considered a top-performing shopping center.

From the National Market Report: Despite the country’s mall woes, retail real estate investment trusts have had a nice run over the past five years, and analysts say they still have plenty of juice.

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The FTSE NAREIT Retail REIT index, which measures retail REITs’ performance, returned on average 14.9 percent annually in the five-year stretch that ended March 31. It beat eight of the nine other REIT types, including industrial, office, residential and mortgage REITs; self-storage REITs were the exception.

And while gains are unlikely to continue at such lofty levels, the future looks bright for the top performers, even as online retail sales take a bite out of brick-and-mortar retail, according to industry sources. [more]