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.
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]