Below we have highlighted the group of real estate investment trusts (REITs) classified as regional malls by the FTSE NAREIT All REITs Index. The list has been ranked by dividend yield, from highest to lowest.
- Reference date: 19 May 2015
- Price to FFO: Using Company’s FFO
- Projected FFO per share percent change: 2015 (guidance) vs. 2014 Company’s FFO per share percent change (Full year figures)
|# Div Yield||Company||Ticker||Year to date share price change||Div. Yield||Group’s Median Div. Yield||Price- to-FFO||Group’s Median Price-to-FFO||2015 vs. 2014 FFO percent change|
|1||CBL & Associates Properties, Inc.||CBL||(6.5)||5.8||3.2||8.7||17.2||(0.2)|
|2||Rouse Properties, Inc.||RSE||(4.6)||4.1||3.2||11.0||17.2||6.7|
|3||Pennsylvania Real Estate Investment Trust||PEI||(3.4)||3.7||3.2||14.2||17.2||(3.3)|
|4||Simon Property Group, Inc.||SPG||1.0||3.3||3.2||20.2||17.2||8.4|
|6||WP GLIMCHER, Inc||WPG||(15.5)||3.0||3.2||7.7||17.2||(1.1)|
|7||Taubman Centers, Inc.||TCO||(1.7)||3.0||3.2||23.2||17.2||0.9*|
|8||General Growth Properties, Inc.||GGP||1.7||2.4||3.2||22.4||17.2||8.3|
|*Excludes the company’s 9.5 months of ownership of seven centers sold to Starwood ($0.46 to adjusted FFO per share)|
Notes from the author: This is not a recommendation to buy or sell stocks. The highest-yield stocks are not necessarily the best choice for your portfolio. The purpose of this ranking is to shorten your stock analysis by enabling comparison of stock and sector performance. This is a snapshot of information available on 19 May 2015. Please perform your own due diligence before acting. The equity REITs are constituent companies of the FTSE NAREIT All REITs Index as of 30 April 2015.
Written by Heli Brecailo
Disclaimer: This newsletter is not engaged in rendering tax, accounting, or other professional advice through this publication. No statement in this issue is to be construed as a recommendation to buy or sell any security or other investment. Please do your own due diligence before making any investment decision. Some information presented in this publication has been obtained from third-party sources considered to be reliable. Sources are not required to make representations as to the accuracy of the information, however, and consequently the publisher cannot guarantee accuracy.
Disclosure: The author has no positions in any shares mentioned, and no plans to initiate any positions within the next 72 hours.