Top 15 Retail REIT Stocks, Ranked by Marvin Scores
Marvin ranks 15 retail REITs by Overall score within their industry. NNN REIT, Four Corners Property Trust and Getty Realty lead, while debt and growth vary a lot across the group.
Retail REITs are companies that own shopping-related real estate and collect rent from tenants. This list shows 15 of them that Marvin's rules selected, starting with the highest Overall score. NNN REIT, Four Corners Property Trust and Getty Realty are at the top.
Scores run from 0 to 100 and compare each company only with others in the same industry. A high score means a company looks strong next to other retail REITs today. It does not say the stock will rise or that it is a good time to buy.
Look beyond the headline score. Debt, growth and margins differ widely here, and some figures are missing for certain companies. Each pick below notes one caution to keep in mind.
The list
How Marvin ranked these stocks
Marvin included companies above about $300 million in size and ranked them by Overall score, highest first, within the REIT - Retail industry. Every score from 0 to 100 is relative to each company's own industry, so it shows how a company compares with other retail REITs, not with the whole market.
Companies above about $300 million in size, ranked by Marvin scores (0-100, relative to each company's own industry). The REIT - Retail industry, highest Overall score first.
The stocks, one by one
NNN REIT, Inc. NNN
NNN REIT has the top Overall score here at 95, with a quality score of 92. Its operating margin of 62.3% is strong, and revenue grew 6.6% last year. Caution: return on equity is only 8.6%, and no debt figure is available.
Four Corners Property Trust, Inc. FCPT
Four Corners Property Trust has an Overall score of 92 and grew revenue 9.7% last fiscal year, a decent pace. Its debt-to-equity ratio of 0.78 is on the moderate side. Caution: return on equity is just 7.3%, and no operating margin is available.
Getty Realty Corp. GTY
Getty Realty shows a high opportunity score of 88 and a strong operating margin of 63.8%. Revenue grew 9.0% last year. Caution: debt-to-equity of 0.96 is worth watching, and return on equity is modest at 8.9%.
Agree Realty Corporation ADC
Agree Realty has the highest quality score in this list at 96 and the fastest revenue growth at 16.4%. Its operating margin is 47.9%. Caution: return on equity is low at 3.4%, and no debt figure is available.
Simon Property Group, Inc. SPG
Simon Property Group has an Overall score of 81 and a high opportunity score of 92, with an operating margin of 47.4%. Caution: debt-to-equity of 6.64 is high, and the return on equity of 121.4% may be inflated by that heavy borrowing.
Brixmor Property Group Inc. BRX
Brixmor Property Group scores 77 overall, with revenue growth of 6.7% and a return on equity of 14.3%, which is healthier than most in this list. Caution: debt-to-equity of 1.78 is fairly high, and no operating margin is available.
Realty Income Corporation O
Realty Income has a quality score of 81 and grew revenue 9.1% last year. Its operating margin is 23.3%. Caution: its opportunity score is a low 27, return on equity is only 3.3%, and no debt figure is available.
CBL & Associates Properties, Inc. CBL
CBL & Associates has the highest opportunity score in the list at 96 and revenue growth of 12.2%. Caution: its quality score is the lowest here at 27, and debt-to-equity of 4.76 is high. Return on equity is 50.8%.
Federal Realty Investment Trust FRT
Federal Realty Investment Trust has an operating margin of 53.6% and a return on equity of 15.3%, both solid, plus an opportunity score of 77. Caution: revenue growth was a modest 6.4%, and no debt figure is available.
Tanger Inc. SKT
Tanger has an Overall score of 63 and a quality score of 67, with debt-to-equity of 2.90. Caution: growth, margin and return figures are not available, so this picture is incomplete, and its opportunity score is a modest 39.
Regency Centers Corporation REG
Regency Centers has the highest operating margin in the list at 72.3% and low debt-to-equity of 0.76. Revenue grew 6.9%. Caution: its opportunity score of 42 is below the middle, and return on equity is modest at 7.9%.
Kimco Realty Corporation KIM
Kimco Realty has an Overall score of 56 and revenue growth of 5.1%. Its return on equity is 5.9%. Caution: its operating margin of 22.9% is much lower than most others here, and no debt figure is available.
Saul Centers, Inc. BFS
Saul Centers has a strong operating margin of 67.0%, revenue growth of 7.8% and a return on equity of 11.8%. Caution: debt-to-equity of 5.42 is high, and its quality score of 45 is below the middle.
Phillips Edison & Co. PECO
Phillips Edison grew revenue 9.9% last year, with debt-to-equity of 1.03 and a return on equity of 6.1%. Caution: its quality score is 53, its Overall score is below the middle, and no operating margin is available.
Kite Realty Group Trust KRG
Kite Realty Group has an opportunity score of 56 and debt-to-equity of 1.01. Caution: revenue growth of 0.8% is the weakest here, its quality score is 38, and no operating margin or return on equity is available.
Common questions
What is a retail REIT?
A retail REIT is a real estate investment trust that owns properties leased to retail tenants, such as shopping centers or stores. REITs generally pass most of their taxable income to shareholders as dividends, so income is a big part of why people look at them.
Which retail REIT has the highest Marvin score?
NNN REIT ranks first with an Overall score of 95. Four Corners Property Trust follows at 92, and Getty Realty is third at 85. These scores compare each company only with other retail REITs.
Why does debt matter when comparing REITs?
REITs often borrow to buy properties, so the debt-to-equity ratio shows how much they lean on borrowed money. A higher ratio can mean more risk if finances tighten. For example, Simon Property Group shows 6.64, while Regency Centers shows 0.76. Some companies here have no debt figure available.
Keep reading
- Top 20 REIT Stocks by Marvin Score
- Top 15 Real Estate Companies With the Strongest Businesses
- Top 15 Real Estate Stocks Ranked by Marvin Scores
- Top 15 Real Estate Stocks Marvin Rates Most Attractive Now
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Marvin's scores (0-100) compare each company with others in its industry today. Growth and margin figures come from SEC filings. This is general information, not personal investment advice or a recommendation to buy or sell anything. Do your own research.