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Shopping Center REITs closed 2020 on a high note. According to recent filings analyzed by S&P Global Market Intelligence, all 10 shopping center REITs that have filed reports in the last two weeks had increased rent collections from 89% to 95%, showing improvement in the retail market.

Kite Realty Group Trust and Outlet Center REIT Tanger Factory Outlet Centers led the market with each REIT collecting 95% of its base rent in the fourth quarter, followed by Retail Properties of America and SITE Centers, which had 94.1% and 94% rent collections respectively. Macerich was in the middle of the pack with 92% rent collections, while Simon Property Group and Federal Realty Investment Trust had the least with 90% and 89% in total collections.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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