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5 top retail REIT stocks to buy in 2024

Ready to invest in the retail real estate industry? Learn how to invest in retail REIT stocks in just a few steps.

The best retail REIT stocks depend on your portfolio and investment goals — while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

The top retail real estate stocks included on this page all trade on the S&P 500, have an analyst recommendation of "Buy" or better and are sorted by year-to-date performance.

  1. Simon Property Group (SPG)
  2. EPR Properties (EPR)
  3. Realty Income (O)
  4. Federal Realty Investment Trust (FRT)
  5. National Retail Properties (NNN)

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How to invest in retail REIT stocks

  1. Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps of 2024.
  2. Sign up for an account. Provide your personal information and sign up.
  3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
  4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like SPG or EPR.
  5. Place your order. Buy the stock. It's that simple.

Take a deeper dive into retail REIT stocks

If you're interested in investing in the retail real estate industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn't guarantee that a stock will continue to rise in the future.

1. Simon Property Group (SPG)

Simon is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales. . . . . .

Simon Property Group stock opened the day at $150.29 after a previous close of $149.31. The latest price was $151.40 (25-minute delay). Simon Property Group is listed on the NYSE, has a trailing 12-month revenue of around USD5.8 billion and employs 2,500 staff.

  • Market capitalization: $57,511,219,200
  • P/E ratio: 19.5229
  • PEG ratio: 7.604

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2. EPR Properties (EPR)

EPR Properties (NYSE:EPR) is the leading diversified experiential net lease real estate investment trust (REIT), specializing in select enduring experiential properties in the real estate industry. We focus on real estate venues that create value by facilitating out of home leisure and recreation experiences where consumers choose to spend their discretionary time and money. We have total assets of approximately $5.

EPR Properties stock opened the day at $45.04 after a previous close of $44.71. The latest price was $44.87 (25-minute delay). EPR Properties is listed on the NYSE, has a trailing 12-month revenue of around USD$692.2 million and employs 55 staff.

  • Market capitalization: $3,324,297,216
  • P/E ratio: 21.6404
  • PEG ratio: 2.93

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3. Realty Income (O)

Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust (REIT), and its monthly dividends are supported by the cash flow from over 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) primarily owned under long-term net lease agreements with commercial clients.

Realty Income stock opened the day at $57.62 after a previous close of $57.36. The latest price was $57.56 (25-minute delay). Realty Income is listed on the NYSE, has a trailing 12-month revenue of around USD$4.4 billion and employs 418 staff.

  • Market capitalization: $50,139,168,768
  • P/E ratio: 53.3148
  • PEG ratio: 4.7197

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4. Federal Realty Investment Trust (FRT)

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, D. C. to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.

Federal Realty Investment Trust stock opened the day at $108.30 after a previous close of $107.06. The latest price was $108.31 (25-minute delay). Federal Realty Investment Trust is listed on the NYSE, has a trailing 12-month revenue of around USD$1.2 billion and employs 297 staff.

  • Market capitalization: $9,152,437,248
  • P/E ratio: 38.968
  • PEG ratio: 3.7929

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5. National Retail Properties (NNN)

NNN REIT invests primarily in high-quality retail properties subject generally to long-term, net leases. As of December 31, 2023, the company owned 3,532 properties in 49 states with a gross leasable area of approximately 36. 0 million square feet and a weighted average remaining lease term of 10.

National Retail Properties stock opened the day at $45.34 after a previous close of $45.15. The latest price was $45.28 (25-minute delay). National Retail Properties is listed on the NYSE, has a trailing 12-month revenue of around USD$839.4 million and employs 82 staff.

  • Market capitalization: $8,454,222,336
  • P/E ratio: 21.1514
  • PEG ratio: 4.92

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Bottom line

While it’s possible to turn a profit investing in retail REIT stocks, keep in mind that — like any investment — retail REIT stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the retail real estate industry, so carefully vet your picks before you invest. And if you’re new to investing, or if it’s been awhile since you’ve taken a critical look at your investing accounts, compare brokers to make sure you’re getting the best features in your trading account.

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