Sector Alpha Week of 2026-07-28
20-quarter listed-company comparison

REIT - Retail Stocks

REIT - Retail: Simon Property Group, Inc. owns the largest revenue base; Curbline Properties Corp. has the fastest current growth.

The industry itself · before any single company

How has REIT - Retail moved against S&P 500?

The line below covers 5.2 years. Over the most recent two of them this industry is 15% behind S&P 500. Earnings across its companies grew 13% on average over the last four reported quarters.

TURNING · ahead 3wFundamentals up, price down14 of 26 companies ahead of S&P 500 by 5% or more over three months

RS ↑3w · 25/26 >200d (+0) · 14/26 lead (+10) · EPS 20/26↑

200300202620252024202320222021 268348 TRAILING 12-MONTH EPS · 100 AT THE START0100122Mar 22Sep 22Mar 23Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 22 reportingJun 2022 · trailing 12-month earnings per share at 103, against 100 at the start · no comparable year yet · 22 reportingSep 2022 · trailing 12-month earnings per share at 105, against 100 at the start · no comparable year yet · 22 reportingDec 2022 · trailing 12-month earnings per share at 113, against 100 at the start · up 43.7% on a year ago · 22 reportingMar 2023 · trailing 12-month earnings per share at 118, against 100 at the start · up 21.6% on a year ago · 22 reportingJun 2023 · trailing 12-month earnings per share at 101, against 100 at the start · down 8.3% on a year ago · 22 reportingSep 2023 · trailing 12-month earnings per share at 98, against 100 at the start · down 6.6% on a year ago · 22 reportingDec 2023 · trailing 12-month earnings per share at 102, against 100 at the start · down 6.6% on a year ago · 22 reportingMar 2024 · trailing 12-month earnings per share at 98, against 100 at the start · down 2.5% on a year ago · 22 reportingJun 2024 · trailing 12-month earnings per share at 100, against 100 at the start · down 7.5% on a year ago · 22 reportingSep 2024 · trailing 12-month earnings per share at 106, against 100 at the start · down 2.5% on a year ago · 23 reportingDec 2024 · trailing 12-month earnings per share at 96, against 100 at the start · down 0.7% on a year ago · 23 reportingMar 2025 · trailing 12-month earnings per share at 96, against 100 at the start · up 2.9% on a year ago · 23 reportingJun 2025 · trailing 12-month earnings per share at 101, against 100 at the start · down 2.2% on a year ago · 23 reportingSep 2025 · trailing 12-month earnings per share at 100, against 100 at the start · up 2.6% on a year ago · 23 reportingDec 2025 · trailing 12-month earnings per share at 101, against 100 at the start · up 23.3% on a year ago · 23 reportingMar 2026 · trailing 12-month earnings per share at 122, against 100 at the start · up 27.4% on a year ago · 22 reportingNot reported yet — earnings trail price by a quarter or two122 · Mar 26No earnings on file this far back — the price series reaches further than the filings do
200300202620252024202320222021 268348 TRAILING 12-MONTH EPS · 100 AT THE START0100122Mar 22Mar 23Mar 24Mar 25Mar 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 22 reportingJun 2022 · trailing 12-month earnings per share at 103, against 100 at the start · no comparable year yet · 22 reportingSep 2022 · trailing 12-month earnings per share at 105, against 100 at the start · no comparable year yet · 22 reportingDec 2022 · trailing 12-month earnings per share at 113, against 100 at the start · up 43.7% on a year ago · 22 reportingMar 2023 · trailing 12-month earnings per share at 118, against 100 at the start · up 21.6% on a year ago · 22 reportingJun 2023 · trailing 12-month earnings per share at 101, against 100 at the start · down 8.3% on a year ago · 22 reportingSep 2023 · trailing 12-month earnings per share at 98, against 100 at the start · down 6.6% on a year ago · 22 reportingDec 2023 · trailing 12-month earnings per share at 102, against 100 at the start · down 6.6% on a year ago · 22 reportingMar 2024 · trailing 12-month earnings per share at 98, against 100 at the start · down 2.5% on a year ago · 22 reportingJun 2024 · trailing 12-month earnings per share at 100, against 100 at the start · down 7.5% on a year ago · 22 reportingSep 2024 · trailing 12-month earnings per share at 106, against 100 at the start · down 2.5% on a year ago · 23 reportingDec 2024 · trailing 12-month earnings per share at 96, against 100 at the start · down 0.7% on a year ago · 23 reportingMar 2025 · trailing 12-month earnings per share at 96, against 100 at the start · up 2.9% on a year ago · 23 reportingJun 2025 · trailing 12-month earnings per share at 101, against 100 at the start · down 2.2% on a year ago · 23 reportingSep 2025 · trailing 12-month earnings per share at 100, against 100 at the start · up 2.6% on a year ago · 23 reportingDec 2025 · trailing 12-month earnings per share at 101, against 100 at the start · up 23.3% on a year ago · 23 reportingMar 2026 · trailing 12-month earnings per share at 122, against 100 at the start · up 27.4% on a year ago · 22 reportingNot reported yet — earnings trail price by a quarter or two122No earnings on file this far back — the price series reaches further than the filings do
REIT - Retail, equal-weighted, based at 200 S&P 500, same base, same start trailing 12-month earnings per share rising falling
Strength anatomy Broadening down the ladderHow much of the industry is participating, how recently, and whether the movers score well.
Together14 of 26 stocks moving
Fresh10 crossed in the last 4 weeks
Backed by scoresmovers score +3 vs the industry average
Down the cap ladder — bar is now, tick is four weeks ago
Large 4/6+3
Mid 6/9+5
Small 4/11+2

Participation is spreading downward — the mid and small companies added more this month than the large ones did.

Both lines start at 200 in the same week, so the distance between them is the whole story: the industry line is an equal-weighted index of its 26 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the industry taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

Sector relative strength · before individual stocks

Is REIT - Retail outperforming S&P 500?

REIT - Retail has outperformed S&P 500 by 5.4% over the last 52 weeks. Over 13 weeks the gap is a lead of 5.2%. 22 of 26 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. CBL & Associates Properties, Inc. is the strongest against the sector itself at +36.2%.

+5.2%Sector vs S&P 500 · 13 weeks
+5.4%Sector vs S&P 500 · 52 weeks
22/26Stocks leading S&P 500
13/26Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

REIT - Retail has outperformed S&P 500 by 5.4% over 52 weeks and 5.2% over 13 weeks. 22 of 26 covered companies beat the S&P 500 on Mansfield relative strength, while 13 of 26 beat the sector itself. Simon Property Group, Inc. leads with income of $6,648 million, based on 21 of 26 comparable companies through Mar 2026.

Is the REIT - Retail sector outperforming S&P 500?

REIT - Retail has outperformed S&P 500 by 5.4% over 52 weeks and 5.2% over 13 weeks. 22 of 26 covered companies beat the S&P 500 on Mansfield relative strength, while 13 of 26 beat the sector itself.

Which REIT - Retail company is largest by income?

Simon Property Group, Inc. leads with income of $6,648 million, based on 21 of 26 comparable companies through Mar 2026.

Which REIT - Retail company is growing fastest?

Curbline Properties Corp. has the fastest current income growth at 53%, across 21 of 26 comparable companies.

Which REIT - Retail company has the strongest 4-Factor Sector Score?

CBL & Associates Properties, Inc. ranks first at 67.6/100 with 70% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which REIT - Retail company has the lowest comparable P/BV-to-ROE?

Acadia Realty Trust has the lowest comparable P/BV ÷ ROE at 0.22, among 25 of 26 companies that pass the metric’s comparability rules.

How much history does this REIT - Retail comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Companies
26
complete canonical membership
Combined market value
$282.4B
Simon Property Group, Inc.
Revenue growing
18/21
positive TTM year-on-year growth
Beating S&P 500
22/26
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
CBL & Associates Properties, Inc. has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 70% evidence confidence.
The Macerich Company has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded.

1. CBL & Associates Properties, Inc. · CBL

67.6/100 · Favorable setup · 70% evidence

Exact sum: 21.5 + 18.6 + 10.5 + 17 = 67.6

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

21.5/35Growth & earnings

Income 10% · PAT 100%

71% evidence

18.6/25Capital efficiency

ROA 9.8% · ROE 13.8% · GNPA —

68% evidence

10.5/20Valuation

P/BV 2.99× · P/BV÷ROE 0.22

70% evidence

17.0/20Relative strength

RS sector 36.2% · RS bench 44.3% · 1Y 126.1%

70% evidence

2. Simon Property Group, Inc. · SPG

64.1/100 · Mixed-positive evidence · 76% evidence

Exact sum: 21.4 + 18.9 + 5.9 + 17.9 = 64.1

Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.

21.4/35Growth & earnings

Income 10.9% · PAT 100%

71% evidence

18.9/25Capital efficiency

ROA 2.2% · ROE 11.8% · GNPA —

68% evidence

5.9/20Valuation

P/BV 12.45× · P/BV÷ROE 1.05

70% evidence

17.9/20Relative strength

RS sector 7.2% · RS bench 13.9% · 1Y 47.3%

100% evidence

3. Tanger Inc. · SKT

61.4/100 · Mixed-positive evidence · 76% evidence

Exact sum: 22.8 + 15.9 + 5 + 17.7 = 61.4

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

22.8/35Growth & earnings

Income 10.8% · PAT 28%

71% evidence

15.9/25Capital efficiency

ROA 1.6% · ROE 4.3% · GNPA —

68% evidence

5.0/20Valuation

P/BV 5.82× · P/BV÷ROE 1.35

70% evidence

17.7/20Relative strength

RS sector 4.9% · RS bench 11.4% · 1Y 42.6%

100% evidence

4. Federal Realty Investment Trust · FRT

57.7/100 · Mixed-positive evidence · 63% evidence

Exact sum: 20.6 + 15.8 + 7.6 + 13.7 = 57.7

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

20.6/35Growth & earnings

Income 6.4% · PAT 39.5%

46% evidence

15.8/25Capital efficiency

ROA 2% · ROE 3.8% · GNPA —

51% evidence

7.6/20Valuation

P/BV 2.68× · P/BV÷ROE 0.7

70% evidence

13.7/20Relative strength

RS sector 3.7% · RS bench 10.1% · 1Y 39.2%

100% evidence

5. Alpine Income Property Trust, Inc. · PINE

51.7/100 · Thin evidence · provisional · 54% evidence

Exact sum: 21.5 + 10.1 + 7.8 + 12.3 = 51.7

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

21.5/35Growth & earnings

Income — · PAT —

26% evidence

10.1/25Capital efficiency

ROA 1.2% · ROE 1.5% · GNPA —

68% evidence

7.8/20Valuation

P/BV 1.08× · P/BV÷ROE 0.72

70% evidence

12.3/20Relative strength

RS sector 1.7% · RS bench 7.9% · 1Y 44.4%

70% evidence

6. Brixmor Property Group Inc. · BRX

51.3/100 · Mixed-positive evidence · 76% evidence

Exact sum: 20.3 + 15.6 + 7.7 + 7.7 = 51.3

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

20.3/35Growth & earnings

Income 6.6% · PAT 38.8%

71% evidence

15.6/25Capital efficiency

ROA 1.5% · ROE 4.3% · GNPA —

68% evidence

7.7/20Valuation

P/BV 2.91× · P/BV÷ROE 0.68

70% evidence

7.7/20Relative strength

RS sector -2.1% · RS bench 3.9% · 1Y 25%

100% evidence

7. Acadia Realty Trust · AKR

50.7/100 · Mixed-positive evidence · 67% evidence

Exact sum: 23.2 + 16.3 + 8.6 + 2.6 = 50.7

Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -5.7% and the one-year return is 19.7%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.

23.2/35Growth & earnings

Income 10.2% · PAT 100%

45% evidence

16.3/25Capital efficiency

ROA 3.4% · ROE 5.1% · GNPA —

68% evidence

8.6/20Valuation

P/BV 1.12× · P/BV÷ROE 0.22

70% evidence

2.6/20Relative strength

RS sector -5.7% · RS bench 0.2% · 1Y 19.7%

100% evidence

8. Whitestone REIT · WSR

50.6/100 · Mixed-positive evidence · 70% evidence

Exact sum: 18.7 + 10.4 + 5.2 + 16.3 = 50.6

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

18.7/35Growth & earnings

Income 5.1% · PAT 54.5%

71% evidence

10.4/25Capital efficiency

ROA 1.1% · ROE 0.8% · GNPA —

68% evidence

5.2/20Valuation

P/BV 1.29× · P/BV÷ROE 1.61

70% evidence

16.3/20Relative strength

RS sector 8.4% · RS bench 15.9% · 1Y 52.7%

70% evidence

9. Getty Realty Corp. · GTY

50.4/100 · Mixed-positive evidence · 60% evidence

Exact sum: 19.5 + 13.9 + 7 + 10 = 50.4

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

19.5/35Growth & earnings

Income — · PAT —

26% evidence

13.9/25Capital efficiency

ROA 1.4% · ROE 2.1% · GNPA —

68% evidence

7.0/20Valuation

P/BV 1.84× · P/BV÷ROE 0.88

70% evidence

10.0/20Relative strength

RS sector 0.5% · RS bench 6.6% · 1Y 25%

100% evidence

10. Curbline Properties Corp. · CURB

48.4/100 · Mixed-negative evidence · 76% evidence

Exact sum: 21.5 + 5.5 + 3.8 + 17.6 = 48.4

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

21.5/35Growth & earnings

Income 53% · PAT 100%

71% evidence

5.5/25Capital efficiency

ROA 0.3% · ROE 0.2% · GNPA —

68% evidence

3.8/20Valuation

P/BV 1.44× · P/BV÷ROE 7.18

70% evidence

17.6/20Relative strength

RS sector 8% · RS bench 14.6% · 1Y 44.6%

100% evidence

11. The Macerich Company · MAC

48.0/100 · Thin evidence · provisional · 55% evidence

Exact sum: 14.5 + 4.3 + 9.6 + 19.6 = 48

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

14.5/35Growth & earnings

Income 5% · PAT —

45% evidence

4.3/25Capital efficiency

ROA 0.3% · ROE -1.4% · GNPA —

68% evidence

9.6/20Valuation

P/BV 2.02× · P/BV÷ROE —

10% evidence

19.6/20Relative strength

RS sector 17% · RS bench 24.1% · 1Y 64.3%

100% evidence

12. Urban Edge Properties · UE

47.3/100 · Mixed-negative evidence · 76% evidence

Exact sum: 22.7 + 11.6 + 6 + 7 = 47.3

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

22.7/35Growth & earnings

Income 7.5% · PAT 40.7%

71% evidence

11.6/25Capital efficiency

ROA 1.2% · ROE 1.7% · GNPA —

68% evidence

6.0/20Valuation

P/BV 1.96× · P/BV÷ROE 1.15

70% evidence

7.0/20Relative strength

RS sector -2.1% · RS bench 4% · 1Y 21.7%

100% evidence

13. NNN REIT, Inc. · NNN

47.2/100 · Mixed-negative evidence · 76% evidence

Exact sum: 11.2 + 15.5 + 7.2 + 13.3 = 47.2

Decision use: Price leads the evidence: RS versus the benchmark is 5.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

11.2/35Growth & earnings

Income 5.7% · PAT -2.8%

71% evidence

15.5/25Capital efficiency

ROA 1.6% · ROE 2.1% · GNPA —

68% evidence

7.2/20Valuation

P/BV 1.82× · P/BV÷ROE 0.87

70% evidence

13.3/20Relative strength

RS sector -0.4% · RS bench 5.7% · 1Y 17.2%

100% evidence

14. Phillips Edison & Company, Inc. · PECO

45.5/100 · Mixed-negative evidence · 60% evidence

Exact sum: 19.8 + 10 + 5.6 + 10.1 = 45.5

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

19.8/35Growth & earnings

Income — · PAT —

26% evidence

10.0/25Capital efficiency

ROA 1% · ROE 1.7% · GNPA —

68% evidence

5.6/20Valuation

P/BV 2.21× · P/BV÷ROE 1.3

70% evidence

10.1/20Relative strength

RS sector 0.1% · RS bench 6.3% · 1Y 27.2%

100% evidence

15. Kimco Realty Corporation · KIM

45.2/100 · Mixed-negative evidence · 76% evidence

Exact sum: 14.2 + 9.4 + 6.8 + 14.8 = 45.2

Decision use: Price leads the evidence: RS versus the benchmark is 8.6%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

14.2/35Growth & earnings

Income 4.4% · PAT 10.8%

71% evidence

9.4/25Capital efficiency

ROA 1% · ROE 1.6% · GNPA —

68% evidence

6.8/20Valuation

P/BV 1.46× · P/BV÷ROE 0.91

70% evidence

14.8/20Relative strength

RS sector 2.4% · RS bench 8.6% · 1Y 26.5%

100% evidence

16. InvenTrust Properties Corp. · IVT

44.2/100 · Mixed-negative evidence · 76% evidence

Exact sum: 19.8 + 5.7 + 4 + 14.7 = 44.2

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

19.8/35Growth & earnings

Income 9.6% · PAT 100%

71% evidence

5.7/25Capital efficiency

ROA 0.5% · ROE 0.3% · GNPA —

68% evidence

4.0/20Valuation

P/BV 1.34× · P/BV÷ROE 4.45

70% evidence

14.7/20Relative strength

RS sector 3% · RS bench 9.4% · 1Y 33.3%

100% evidence

17. Four Corners Property Trust, Inc. · FCPT

43.3/100 · Mixed-negative evidence · 76% evidence

Exact sum: 16.9 + 14.4 + 7.6 + 4.4 = 43.3

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

16.9/35Growth & earnings

Income 10.7% · PAT 12.6%

71% evidence

14.4/25Capital efficiency

ROA 1.5% · ROE 2% · GNPA —

68% evidence

7.6/20Valuation

P/BV 1.56× · P/BV÷ROE 0.78

70% evidence

4.4/20Relative strength

RS sector -8.2% · RS bench -2.4% · 1Y 2%

100% evidence

18. Agree Realty Corporation · ADC

42.3/100 · Mixed-negative evidence · 76% evidence

Exact sum: 20.1 + 9.9 + 5.4 + 6.9 = 42.3

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

20.1/35Growth & earnings

Income 17.7% · PAT 14.1%

71% evidence

9.9/25Capital efficiency

ROA 1% · ROE 1% · GNPA —

68% evidence

5.4/20Valuation

P/BV 1.45× · P/BV÷ROE 1.45

70% evidence

6.9/20Relative strength

RS sector -5.3% · RS bench 0.6% · 1Y 10%

100% evidence

19. Regency Centers Corporation · REG

41.4/100 · Mixed-negative evidence · 76% evidence

Exact sum: 18.4 + 12.5 + 6.3 + 4.2 = 41.4

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

18.4/35Growth & earnings

Income 7.8% · PAT 37.1%

71% evidence

12.5/25Capital efficiency

ROA 1.2% · ROE 1.9% · GNPA —

68% evidence

6.3/20Valuation

P/BV 2.01× · P/BV÷ROE 1.06

70% evidence

4.2/20Relative strength

RS sector -4.8% · RS bench 1.1% · 1Y 14.9%

100% evidence

20. Kite Realty Group Trust · KRG

41.0/100 · Mixed-negative evidence · 76% evidence

Exact sum: 16.1 + 6.4 + 4.2 + 14.3 = 41

Decision use: Price leads the evidence: RS versus the benchmark is 9.6%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

16.1/35Growth & earnings

Income -3.4% · PAT 100%

71% evidence

6.4/25Capital efficiency

ROA 0.7% · ROE 0.4% · GNPA —

68% evidence

4.2/20Valuation

P/BV 1.74× · P/BV÷ROE 4.36

70% evidence

14.3/20Relative strength

RS sector 3.3% · RS bench 9.6% · 1Y 34.4%

100% evidence

21. Essential Properties Realty Trust, Inc. · EPRT

39.6/100 · Mixed-negative evidence · 60% evidence

Exact sum: 15.6 + 13.3 + 7.4 + 3.3 = 39.6

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

15.6/35Growth & earnings

Income — · PAT —

26% evidence

13.3/25Capital efficiency

ROA 1.4% · ROE 1.8% · GNPA —

68% evidence

7.4/20Valuation

P/BV 1.46× · P/BV÷ROE 0.81

70% evidence

3.3/20Relative strength

RS sector -9.6% · RS bench -3.9% · 1Y 5.1%

100% evidence

22. NETSTREIT Corp. · NTST

39.4/100 · Mixed-negative evidence · 60% evidence

Exact sum: 18 + 6.8 + 4.8 + 9.8 = 39.4

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

18.0/35Growth & earnings

Income — · PAT —

26% evidence

6.8/25Capital efficiency

ROA 0.7% · ROE 0.4% · GNPA —

68% evidence

4.8/20Valuation

P/BV 1.36× · P/BV÷ROE 3.41

70% evidence

9.8/20Relative strength

RS sector -0.5% · RS bench 5.7% · 1Y 19.8%

100% evidence

23. Saul Centers, Inc. · BFS

39.2/100 · Mixed-negative evidence · 70% evidence

Exact sum: 13.5 + 14.9 + 5.9 + 4.9 = 39.2

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

13.5/35Growth & earnings

Income 8% · PAT -22.6%

71% evidence

14.9/25Capital efficiency

ROA 1.5% · ROE 2.5% · GNPA —

68% evidence

5.9/20Valuation

P/BV 2.65× · P/BV÷ROE 1.06

70% evidence

4.9/20Relative strength

RS sector -6.4% · RS bench -0.6% · 1Y 11.8%

70% evidence

24. Realty Income Corporation · O

35.7/100 · Mixed-negative evidence · 76% evidence

Exact sum: 18.5 + 8.7 + 5 + 3.5 = 35.7

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

18.5/35Growth & earnings

Income 9.8% · PAT 15.8%

71% evidence

8.7/25Capital efficiency

ROA 0.8% · ROE 0.8% · GNPA —

68% evidence

5.0/20Valuation

P/BV 1.46× · P/BV÷ROE 1.83

70% evidence

3.5/20Relative strength

RS sector -5.6% · RS bench 0.3% · 1Y 16.2%

100% evidence

25. Alexander's, Inc. · ALX

30.3/100 · Adverse evidence · 70% evidence

Exact sum: 5.7 + 12.6 + 3.8 + 8.2 = 30.3

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

5.7/35Growth & earnings

Income -4.1% · PAT -47.9%

71% evidence

12.6/25Capital efficiency

ROA 1.1% · ROE 3.7% · GNPA —

68% evidence

3.8/20Valuation

P/BV 13.3× · P/BV÷ROE 3.59

70% evidence

8.2/20Relative strength

RS sector -2.5% · RS bench 3.6% · 1Y 8.4%

70% evidence

26. SITE Centers Corp. · SITC

18.7/100 · Adverse evidence · 70% evidence

Exact sum: 6.3 + 5 + 4.4 + 3 = 18.7

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

6.3/35Growth & earnings

Income -35.5% · PAT -68.7%

71% evidence

5.0/25Capital efficiency

ROA -4.3% · ROE 0.2% · GNPA —

68% evidence

4.4/20Valuation

P/BV 0.84× · P/BV÷ROE 4.22

70% evidence

3.0/20Relative strength

RS sector -42.9% · RS bench -39% · 1Y -57.9%

70% evidence

01 · compare level, then change

Income Scale & Growth Durability

Simon Property Group, Inc. has the highest Income among the 26 REIT - Retail companies compared here, at $6,648 million. Realty Income Corporation is next at $5,918 million. Curbline Properties Corp. has the highest Income growth at 53%, so level and change sit with different companies. 21 of 26 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Simon Property Group, Inc. is the scale leader at $6,648 million, 12.3% ahead of Realty Income Corporation. Curbline Properties Corp.'s growth is 53% from a $202 million base, with 10 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderSimon Property Group, Inc. · $6,648 million
Gap12.3% versus #2 · Realty Income Corporation
Persistence8/8 recent comparable periods
Coverage21/26 companies · 483 observations

Investor read: Simon Property Group, Inc. is the scale benchmark; Curbline Properties Corp. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Simon Property Group, Inc.'s growth falls below Curbline Properties Corp.'s for two consecutive comparable reports while operating margin also compresses.

For lenders, reported income is used instead of industrial-company sales. Growth is compared year-on-year.
Incomelargest
1Simon Property Group, Inc. SPG$6.6B
2Realty Income Corporation O$5.9B
3Kimco Realty Corporation KIM$2.2B
4Regency Centers Corporation REG$1.6B
5Brixmor Property Group Inc. BRX$1.4B
Income growthfastest growers
1Curbline Properties Corp. CURB53%
2Agree Realty Corporation ADC18%
3Simon Property Group, Inc. SPG11%
4Tanger Inc. SKT11%
5Four Corners Property Trust, Inc. FCPT11%
Income · company comparison
21/26 level · 21/26 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyIncomeIncome growthReported
Simon Property Group, Inc. SPG$1.8B19%Mar 2026
Realty Income Corporation O$1.5B12%Mar 2026
Kimco Realty Corporation KIM$558M3.9%Mar 2026
Regency Centers Corporation REG$412M8.1%Mar 2026
Brixmor Property Group Inc. BRX$355M5.0%Mar 2026
Federal Realty Investment Trust FRT$336M8.0%Dec 2025
The Macerich Company MAC$242M-2.8%Mar 2026
NNN REIT, Inc. NNN$240M3.9%Mar 2026
Agree Realty Corporation ADC$201M19%Mar 2026
Kite Realty Group Trust KRG$201M-9.1%Mar 2026
Phillips Edison & Company, Inc. PECO$191M7.3%Jun 2026
Essential Properties Realty Trust, Inc. EPRT$159M23%Jun 2026
Tanger Inc. SKT$150M11%Mar 2026
CBL & Associates Properties, Inc. CBL$146M2.8%Mar 2026
Urban Edge Properties UE$133M13%Mar 2026
Acadia Realty Trust AKR$103M-1.0%Mar 2026
InvenTrust Properties Corp. IVT$83M12%Mar 2026
Four Corners Property Trust, Inc. FCPT$78M9.9%Mar 2026
Saul Centers, Inc. BFS$78M8.3%Mar 2026
Curbline Properties Corp. CURB$58M49%Mar 2026
Getty Realty Corp. GTY$58M12%Jun 2026
NETSTREIT Corp. NTST$57M24%Jun 2026
Alexander's, Inc. ALX$53M-3.6%Mar 2026
Whitestone REIT WSR$41M7.9%Mar 2026
Alpine Income Property Trust, Inc. PINE$18M29%Jun 2026
SITE Centers Corp. SITC$13M-70%Mar 2026
Full 20-quarter history · every available company

Income · reported quarter history

Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Agree Realty Corporation · ADC

$88M
$91M
$98M
$105M
$110M
$117M
$127M
$130M
$137M
$144M
$149M
$153M
$154M
$161M
$169M
$176M
$183M
$190M
$201M

Brixmor Property Group Inc. · BRX

$290M
$295M
$299M
$306M
$305M
$309M
$311M
$310M
$307M
$316M
$320M
$316M
$321M
$328M
$338M
$339M
$341M
$354M
$355M

Essential Properties Realty Trust, Inc. · EPRT

$60M
$65M
$70M
$71M
$71M
$74M
$84M
$87M
$92M
$98M
$104M
$109M
$117M
$120M
$129M
$137M
$145M
$150M
$159M

Federal Realty Investment Trust · FRT

$247M
$254M
$257M
$264M
$273M
$280M
$273M
$281M
$287M
$292M
$291M
$296M
$304M
$311M
$309M
$312M
$322M
$336M

Kimco Realty Corporation · KIM

$369M
$425M
$427M
$427M
$433M
$440M
$443M
$443M
$446M
$452M
$504M
$500M
$508M
$525M
$537M
$525M
$536M
$542M
$558M

Kite Realty Group Trust · KRG

$71M
$163M
$194M
$203M
$200M
$205M
$207M
$209M
$207M
$199M
$207M
$212M
$207M
$212M
$221M
$213M
$205M
$204M
$201M

NNN REIT, Inc. · NNN

$180M
$187M
$190M
$191M
$193M
$199M
$204M
$203M
$205M
$216M
$215M
$217M
$219M
$218M
$231M
$227M
$230M
$238M
$240M

Phillips Edison & Company, Inc. · PECO

$132M
$137M
$142M
$143M
$146M
$145M
$151M
$152M
$152M
$154M
$161M
$162M
$166M
$173M
$178M
$178M
$183M
$188M
$191M

Realty Income Corporation · O

$490M
$685M
$807M
$810M
$837M
$889M
$944M
$1.0B
$1.0B
$1.1B
$1.3B
$1.3B
$1.3B
$1.3B
$1.4B
$1.4B
$1.5B
$1.5B
$1.5B

Regency Centers Corporation · REG

$307M
$297M
$303M
$302M
$304M
$315M
$318M
$314M
$331M
$360M
$364M
$357M
$360M
$373M
$381M
$381M
$388M
$404M
$412M

Simon Property Group, Inc. · SPG

$1.3B
$1.3B
$1.3B
$1.3B
$1.3B
$1.4B
$1.4B
$1.4B
$1.4B
$1.5B
$1.4B
$1.5B
$1.5B
$1.6B
$1.5B
$1.5B
$1.6B
$1.8B
$1.8B

The Macerich Company · MAC

$212M
$229M
$216M
$204M
$211M
$228M
$215M
$212M
$218M
$239M
$209M
$216M
$220M
$274M
$249M
$250M
$253M
$262M
$242M

Income growth · reported quarter history

Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Agree Realty Corporation · ADC

27%
25%
29%
30%
24%
25%
23%
17%
18%
12%
12%
13%
15%
19%
18%
19%

Brixmor Property Group Inc. · BRX

6.6%
5.2%
4.8%
4.0%
1.3%
0.7%
2.3%
2.9%
1.9%
4.6%
3.8%
5.6%
7.3%
6.2%
7.9%
5.0%

Essential Properties Realty Trust, Inc. · EPRT

25%
18%
14%
20%
23%
30%
32%
24%
25%
27%
22%
24%
26%
24%
25%
23%

Federal Realty Investment Trust · FRT

18%
14%
11%
10%
6.2%
6.4%
5.1%
4.3%
6.6%
5.3%
5.9%
6.5%
6.2%
5.4%
5.9%
8.0%

Kimco Realty Corporation · KIM

48%
17%
3.5%
3.8%
3.8%
3.0%
2.7%
14%
13%
14%
16%
6.6%
5.0%
5.5%
3.2%
3.9%

Kite Realty Group Trust · KRG

190%
182%
26%
6.7%
3.0%
3.5%
-2.9%
0.0%
1.4%
0.0%
6.5%
6.8%
0.5%
-1.0%
-3.8%
-9.1%

NNN REIT, Inc. · NNN

6.7%
7.2%
6.4%
7.4%
6.3%
6.2%
8.5%
5.4%
6.9%
6.8%
0.9%
7.4%
4.6%
5.0%
9.2%
3.9%

Phillips Edison & Company, Inc. · PECO

7.5%
11%
5.8%
6.3%
6.3%
4.1%
6.2%
6.6%
6.6%
9.2%
12%
11%
9.9%
10%
8.7%
7.3%

Realty Income Corporation · O

75%
71%
30%
17%
26%
24%
21%
33%
31%
28%
25%
9.6%
5.3%
11%
11%
12%

Regency Centers Corporation · REG

5.2%
-1.0%
6.1%
5.0%
4.0%
8.9%
14%
14%
14%
8.8%
3.6%
4.7%
6.7%
7.8%
8.3%
8.1%

Simon Property Group, Inc. · SPG

2.1%
1.5%
5.6%
4.2%
7.0%
7.2%
9.1%
6.8%
6.4%
5.0%
3.6%
2.1%
2.7%
8.2%
13%
19%

The Macerich Company · MAC

-5.1%
-0.5%
-0.4%
-0.5%
3.9%
3.3%
4.8%
-2.8%
1.9%
0.9%
15%
19%
16%
15%
-4.4%
-2.8%
02 · compare level, then change

Profit Scale & Acceleration

Simon Property Group, Inc. has the highest Net profit among the 26 REIT - Retail companies compared here, at $5,456 million. Realty Income Corporation is next at $1,140 million. CBL & Associates Properties, Inc. has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Simon Property Group, Inc. leads with $5,456 million of TTM profit, 378.6% above Realty Income Corporation. CBL & Associates Properties, Inc. shows ≥100% on the scoring scale (160.6% uncapped) growth from a $172 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderSimon Property Group, Inc. · $5,456 million
Gap378.6% versus #2 · Realty Income Corporation
Persistence5/8 recent comparable periods
Coverage21/26 companies · 483 observations

Investor read: Simon Property Group, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is ranked only where the comparison base is economically meaningful. Loss-to-profit flips are shown but do not win the growth table.
Net profitlargest
1Simon Property Group, Inc. SPG$5.5B
2Realty Income Corporation O$1.1B
3Kimco Realty Corporation KIM$624M
4Regency Centers Corporation REG$562M
5Brixmor Property Group Inc. BRX$444M
Profit growthfastest growers
1CBL & Associates Properties, Inc. CBL100%
2Curbline Properties Corp. CURB100%
3InvenTrust Properties Corp. IVT100%
4Kite Realty Group Trust KRG100%
5Simon Property Group, Inc. SPG100%
Net profit · company comparison
21/26 level · 19/26 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyNet profitProfit growthReported
Simon Property Group, Inc. SPG$569M19%Mar 2026
Realty Income Corporation O$321M28%Mar 2026
Kimco Realty Corporation KIM$166M23%Mar 2026
Acadia Realty Trust AKR$139M300%Mar 2026
Regency Centers Corporation REG$133M19%Mar 2026
Federal Realty Investment Trust FRT$133M96%Dec 2025
Brixmor Property Group Inc. BRX$128M83%Mar 2026
NNN REIT, Inc. NNN$94M-2.1%Mar 2026
Agree Realty Corporation ADC$62M32%Mar 2026
Essential Properties Realty Trust, Inc. EPRT$60M7.1%Jun 2026
CBL & Associates Properties, Inc. CBL$46M475%Mar 2026
Phillips Edison & Company, Inc. PECO$33M14%Jun 2026
Four Corners Property Trust, Inc. FCPT$30M15%Mar 2026
Tanger Inc. SKT$29M45%Mar 2026
Getty Realty Corp. GTY$27M80%Jun 2026
Urban Edge Properties UE$24M200%Mar 2026
Kite Realty Group Trust KRG$12M-50%Mar 2026
Saul Centers, Inc. BFS$12M-7.7%Mar 2026
NETSTREIT Corp. NTST$6M200%Jun 2026
InvenTrust Properties Corp. IVT$5M-29%Mar 2026
Alexander's, Inc. ALX$5M-92%Mar 2026
Curbline Properties Corp. CURB$4M-64%Mar 2026
Whitestone REIT WSR$4M0.0%Mar 2026
Alpine Income Property Trust, Inc. PINE$2M-133%Jun 2026
SITE Centers Corp. SITC$1M-67%Mar 2026
The Macerich Company MAC$-37M-116%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Agree Realty Corporation · ADC

$37M
$33M
$36M
$36M
$40M
$41M
$42M
$41M
$42M
$46M
$45M
$55M
$45M
$45M
$47M
$49M
$52M
$56M
$62M

Brixmor Property Group Inc. · BRX

$46M
$81M
$80M
$88M
$80M
$107M
$112M
$56M
$64M
$73M
$89M
$70M
$97M
$83M
$70M
$85M
$94M
$137M
$128M

Essential Properties Realty Trust, Inc. · EPRT

$28M
$30M
$27M
$36M
$37M
$36M
$43M
$53M
$46M
$49M
$47M
$52M
$49M
$56M
$56M
$63M
$66M
$68M
$60M

Federal Realty Investment Trust · FRT

$55M
$117M
$55M
$64M
$159M
$118M
$58M
$63M
$59M
$67M
$58M
$115M
$63M
$68M
$67M
$160M
$64M
$133M

Kimco Realty Corporation · KIM

$509M
$82M
$236M
$-131M
$56M
$-47M
$294M
$109M
$121M
$142M
$-9M
$122M
$138M
$168M
$135M
$165M
$140M
$153M
$166M

Kite Realty Group Trust · KRG

$-7M
$-100M
$-17M
$13M
$-8M
$-1M
$6M
$32M
$2M
$8M
$14M
$-49M
$17M
$22M
$24M
$113M
$-16M
$185M
$12M

NNN REIT, Inc. · NNN

$83M
$78M
$81M
$74M
$88M
$91M
$90M
$99M
$107M
$97M
$94M
$107M
$98M
$98M
$96M
$101M
$97M
$96M
$94M

Phillips Edison & Company, Inc. · PECO

$17M
$-6M
$11M
$15M
$12M
$16M
$19M
$16M
$14M
$15M
$20M
$17M
$13M
$20M
$29M
$14M
$27M
$53M
$33M

Realty Income Corporation · O

$135M
$4M
$200M
$224M
$220M
$228M
$226M
$197M
$234M
$220M
$134M
$261M
$271M
$201M
$251M
$199M
$318M
$302M
$321M

Regency Centers Corporation · REG

$119M
$69M
$197M
$106M
$89M
$96M
$98M
$88M
$92M
$92M
$113M
$105M
$104M
$89M
$112M
$108M
$113M
$208M
$133M

Simon Property Group, Inc. · SPG

$779M
$574M
$488M
$569M
$622M
$773M
$519M
$558M
$681M
$859M
$841M
$569M
$547M
$772M
$478M
$644M
$703M
$3.5B
$569M

The Macerich Company · MAC

$113M
$-25M
$-37M
$-18M
$-14M
$3M
$-58M
$-14M
$-272M
$66M
$-131M
$265M
$-112M
$-220M
$-51M
$-42M
$-90M
$-18M
$-37M

Profit growth · reported quarter history

Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Agree Realty Corporation · ADC

64%
8.1%
24%
17%
14%
5.0%
12%
7.1%
34%
7.1%
-2.2%
4.4%
-11%
16%
24%
32%

Brixmor Property Group Inc. · BRX

-2.2%
74%
32%
40%
-36%
-20%
-32%
-21%
25%
52%
14%
-21%
21%
-3.1%
65%
83%

Essential Properties Realty Trust, Inc. · EPRT

57%
32%
20%
59%
47%
24%
36%
9.3%
-1.9%
6.5%
14%
19%
21%
35%
21%
7.1%

Federal Realty Investment Trust · FRT

10%
33%
189%
0.9%
5.5%
-1.6%
-63%
-43%
0.0%
83%
6.8%
1.5%
16%
39%
1.6%
96%

Kimco Realty Corporation · KIM

-212%
-89%
-157%
25%
116%
-103%
12%
14%
18%
35%
1.5%
-8.9%
23%

Kite Realty Group Trust · KRG

146%
133%
-253%
750%
175%
71%
-194%
741%
-50%

NNN REIT, Inc. · NNN

1.4%
6.0%
17%
11%
34%
22%
6.6%
4.4%
8.1%
-8.4%
1.0%
2.1%
-5.6%
-1.0%
-2.0%
-2.1%

Phillips Edison & Company, Inc. · PECO

150%
-29%
73%
6.7%
17%
-6.3%
5.3%
6.3%
-7.1%
33%
45%
-18%
108%
165%
14%

Realty Income Corporation · O

79%
63%
5,600%
13%
-12%
6.4%
-3.5%
-41%
32%
16%
-8.6%
87%
-24%
17%
50%
28%

Regency Centers Corporation · REG

9.3%
-25%
39%
-50%
-17%
3.4%
-4.2%
15%
19%
13%
-3.3%
-0.9%
2.9%
8.7%
134%
19%

Simon Property Group, Inc. · SPG

-19%
-20%
35%
6.4%
-1.9%
9.5%
11%
62%
2.0%
-20%
-10%
-43%
13%
29%
359%
19%

The Macerich Company · MAC

-112%
2,100%
-433%
-116%
03 · compare level, then change

Funding Base & Its Composition

No company in this REIT - Retail comparison has a funding base figure that passes this section's guard, so the Deposits rank is empty. On Borrowings, Realty Income Corporation is highest at $31,107 million, across 26 of 26 companies with a usable reading.

What the numbers say: There is not enough comparable evidence to name a reliable deposits leader.

LeaderNo comparable leader
GapNot enough peers
PersistenceNot enough history
Coverage0/26 companies · 0 observations

Investor read: The current leader sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current borrowings signal.

For banks, debt is operating funding rather than industrial leverage. Deposits and borrowings are therefore shown as funding-base levels; asset quality, funding cost and liquidity determine whether that funding is attractive.
Depositslargest deposit bases
Not enough comparable data
Borrowingslargest borrowings
1Realty Income Corporation O$31.1B
2Simon Property Group, Inc. SPG$29.0B
3Kimco Realty Corporation KIM$8.3B
4Brixmor Property Group Inc. BRX$5.5B
5Regency Centers Corporation REG$5.2B
Funding base · company comparison
0/26 level · 26/26 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyDepositsBorrowingsReported
Simon Property Group, Inc. SPG$29.0BMar 2026
Realty Income Corporation O$31.1BMar 2026
Kimco Realty Corporation KIM$8.3BMar 2026
Regency Centers Corporation REG$5.2BMar 2026
Federal Realty Investment Trust FRT$5.0BDec 2025
Brixmor Property Group Inc. BRX$5.5BMar 2026
Agree Realty Corporation ADC$3.8BMar 2026
NNN REIT, Inc. NNN$4.9BMar 2026
The Macerich Company MAC$5.0BMar 2026
Essential Properties Realty Trust, Inc. EPRT$2.9BJun 2026
Kite Realty Group Trust KRG$3.0BMar 2026
Phillips Edison & Company, Inc. PECO$2.5BJun 2026
Tanger Inc. SKT$2.0BMar 2026
Curbline Properties Corp. CURB$596MMar 2026
Acadia Realty Trust AKR$1.6BMar 2026
Urban Edge Properties UE$1.8BMar 2026
Four Corners Property Trust, Inc. FCPT$1.2BMar 2026
InvenTrust Properties Corp. IVT$952MMar 2026
NETSTREIT Corp. NTST$1.4BJun 2026
Getty Realty Corp. GTY$1.1BJun 2026
CBL & Associates Properties, Inc. CBL$2.1BMar 2026
Alexander's, Inc. ALX$832MMar 2026
Saul Centers, Inc. BFS$1.6BMar 2026
Whitestone REIT WSR$1MMar 2026
Alpine Income Property Trust, Inc. PINE$368MJun 2026
SITE Centers Corp. SITC$0MMar 2026
Full 20-quarter history · every available company

No consistent historical series is available for deposits.

Borrowings · reported quarter history

Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Agree Realty Corporation · ADC

$1.6B
$1.7B
$1.9B
$2.0B
$1.9B
$2.0B
$2.1B
$2.2B
$2.3B
$2.4B
$2.6B
$2.7B
$2.7B
$2.8B
$3.3B
$3.3B
$3.4B
$3.4B
$3.8B

Brixmor Property Group Inc. · BRX

$5.2B
$5.2B
$5.0B
$5.1B
$5.1B
$5.0B
$5.0B
$4.9B
$4.9B
$4.9B
$5.3B
$5.4B
$5.3B
$5.3B
$5.1B
$5.1B
$5.5B
$5.5B
$5.5B

Essential Properties Realty Trust, Inc. · EPRT

$1.0B
$1.2B
$1.2B
$1.2B
$1.3B
$1.4B
$1.4B
$1.4B
$1.6B
$1.7B
$1.7B
$1.9B
$2.2B
$2.1B
$2.1B
$2.3B
$2.6B
$2.5B
$2.6B
$2.9B

Federal Realty Investment Trust · FRT

$4.3B
$4.2B
$4.2B
$4.2B
$4.4B
$4.5B
$4.5B
$4.6B
$4.6B
$4.7B
$4.6B
$4.6B
$4.6B
$4.6B
$4.6B
$4.6B
$4.8B
$5.0B

Kimco Realty Corporation · KIM

$7.6B
$7.6B
$7.6B
$7.5B
$7.3B
$7.3B
$7.3B
$7.2B
$7.2B
$7.7B
$7.7B
$7.8B
$8.4B
$8.6B
$8.1B
$8.3B
$8.3B
$8.3B
$8.3B

Kite Realty Group Trust · KRG

$1.3B
$3.2B
$3.2B
$3.0B
$3.0B
$3.0B
$3.0B
$2.9B
$2.9B
$2.8B
$3.2B
$3.0B
$3.2B
$3.2B
$2.9B
$3.0B
$2.9B
$3.0B
$3.0B

NNN REIT, Inc. · NNN

$3.7B
$3.7B
$3.7B
$3.8B
$3.8B
$3.9B
$4.0B
$4.1B
$4.2B
$4.4B
$4.3B
$4.4B
$4.4B
$4.4B
$4.5B
$4.6B
$4.9B
$4.8B
$4.9B

Phillips Edison & Company, Inc. · PECO

$1.7B
$1.9B
$1.9B
$1.9B
$1.9B
$1.9B
$2.0B
$2.0B
$1.9B
$2.0B
$2.0B
$2.0B
$2.1B
$2.1B
$2.3B
$2.4B
$2.4B
$2.4B
$2.5B
$2.5B

Realty Income Corporation · O

$9.6B
$16.8B
$17.3B
$17.3B
$17.7B
$19.5B
$20.3B
$21.1B
$21.9B
$22.9B
$27.1B
$27.2B
$27.8B
$27.9B
$28.6B
$29.9B
$29.9B
$30.3B
$31.1B

Regency Centers Corporation · REG

$4.0B
$3.9B
$3.9B
$4.0B
$3.9B
$3.9B
$4.0B
$4.0B
$4.3B
$4.4B
$4.7B
$4.6B
$4.6B
$4.7B
$4.9B
$5.0B
$5.2B
$5.0B
$5.2B

Simon Property Group, Inc. · SPG

$26.1B
$25.8B
$25.7B
$25.4B
$25.1B
$25.5B
$26.1B
$25.5B
$25.4B
$26.5B
$26.0B
$25.8B
$25.9B
$24.8B
$25.3B
$25.9B
$26.3B
$29.2B
$29.0B

The Macerich Company · MAC

$4.6B
$4.6B
$4.6B
$4.5B
$4.4B
$4.5B
$4.4B
$4.4B
$4.4B
$4.3B
$4.4B
$4.6B
$4.4B
$5.1B
$5.3B
$5.4B
$5.1B
$5.1B
$5.0B
04 · compare level, then change

Return On Assets

CBL & Associates Properties, Inc. has the highest ROA among the 26 REIT - Retail companies compared here, at 9.8%. Acadia Realty Trust is next at 3.4%. Acadia Realty Trust has the highest ROA change at +3.1 percentage points, so level and change sit with different companies. 26 of 26 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: CBL & Associates Properties, Inc. leads roa at 9.8%; Acadia Realty Trust leads roa change at +3.1 percentage points.

LeaderCBL & Associates Properties, Inc. · 9.8%
Gap188.2% versus #2 · Acadia Realty Trust
Persistence6/8 recent comparable periods
Coverage26/26 companies · 488 observations

Investor read: CBL & Associates Properties, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roa change signal.

ROA is the cleanest first comparison for lenders because the balance sheet is the operating asset.
ROAhighest
1CBL & Associates Properties, Inc. CBL9.8%
2Acadia Realty Trust AKR3.4%
3Simon Property Group, Inc. SPG2.2%
4Federal Realty Investment Trust FRT · older report2.0%
5NNN REIT, Inc. NNN1.6%
ROA changefastest improvers
1Acadia Realty Trust AKR+3.1 pp
2Alpine Income Property Trust, Inc. PINE+0.9 pp
3Federal Realty Investment Trust FRT · older report+0.7 pp
4Urban Edge Properties UE+0.4 pp
5Getty Realty Corp. GTY+0.2 pp
Return on assets · company comparison
26/26 level · 26/26 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyROAROA changeReported
CBL & Associates Properties, Inc. CBL9.8%−0.8 ppMar 2026
Acadia Realty Trust AKR3.4%+3.1 ppMar 2026
Simon Property Group, Inc. SPG2.2%0.0 ppMar 2026
Federal Realty Investment Trust FRT2.0%+0.7 ppDec 2025
NNN REIT, Inc. NNN1.6%0.0 ppMar 2026
Tanger Inc. SKT1.6%+0.2 ppMar 2026
Brixmor Property Group Inc. BRX1.5%+0.1 ppMar 2026
Four Corners Property Trust, Inc. FCPT1.5%0.0 ppMar 2026
Saul Centers, Inc. BFS1.5%+0.1 ppMar 2026
Essential Properties Realty Trust, Inc. EPRT1.4%−0.1 ppJun 2026
Getty Realty Corp. GTY1.4%+0.2 ppJun 2026
Regency Centers Corporation REG1.2%0.0 ppMar 2026
Urban Edge Properties UE1.2%+0.4 ppMar 2026
Alpine Income Property Trust, Inc. PINE1.2%+0.9 ppJun 2026
Alexander's, Inc. ALX1.1%−4.1 ppMar 2026
Whitestone REIT WSR1.1%+0.1 ppMar 2026
Kimco Realty Corporation KIM1.0%+0.1 ppMar 2026
Agree Realty Corporation ADC1.0%+0.1 ppMar 2026
Phillips Edison & Company, Inc. PECO1.0%+0.2 ppJun 2026
Realty Income Corporation O0.8%+0.1 ppMar 2026
Kite Realty Group Trust KRG0.7%−0.1 ppMar 2026
NETSTREIT Corp. NTST0.7%+0.1 ppJun 2026
InvenTrust Properties Corp. IVT0.5%−0.1 ppMar 2026
The Macerich Company MAC0.3%−0.1 ppMar 2026
Curbline Properties Corp. CURB0.3%−0.2 ppMar 2026
SITE Centers Corp. SITC-4.3%−4.6 ppMar 2026
Full 20-quarter history · every available company

ROA · reported quarter history

Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Agree Realty Corporation · ADC

1.1%
1.0%
1.0%
1.0%
0.9%
0.9%
0.9%
0.9%
0.9%
0.9%
0.9%
1.0%
0.9%
0.9%
0.9%
0.9%
1.0%
1.0%
1.0%

Brixmor Property Group Inc. · BRX

1.3%
1.3%
1.3%
1.4%
1.3%
1.3%
1.4%
1.1%
1.2%
1.4%
1.4%
1.4%
1.3%
1.3%
1.4%
1.4%
1.2%
1.4%
1.5%

Essential Properties Realty Trust, Inc. · EPRT

1.3%
1.3%
1.2%
1.1%
1.1%
0.9%
1.3%
1.3%
1.4%
1.4%
1.3%
1.4%
1.4%
1.4%
1.3%
1.5%
1.5%
1.5%
1.3%
1.4%

Federal Realty Investment Trust · FRT

1.1%
1.9%
1.1%
1.2%
2.4%
2.0%
1.2%
1.3%
1.2%
1.3%
1.2%
1.9%
1.3%
1.3%
1.3%
2.4%
1.3%
2.0%

Kimco Realty Corporation · KIM

0.5%
0.8%
0.9%
0.9%
0.8%
7.5%
0.7%
0.6%
0.8%
0.8%
-0.5%
0.9%
0.9%
1.3%
0.9%
0.8%
0.9%
0.9%
1.0%

Kite Realty Group Trust · KRG

0.2%
-1.5%
0.2%
0.8%
0.4%
0.3%
0.4%
0.8%
0.4%
0.5%
0.6%
-0.3%
0.6%
0.7%
0.8%
0.7%
0.1%
0.5%
0.7%

NNN REIT, Inc. · NNN

1.5%
1.5%
1.5%
1.4%
1.6%
1.6%
1.6%
1.7%
1.8%
1.7%
1.6%
1.8%
1.6%
1.6%
1.6%
1.7%
1.6%
1.6%
1.6%

Phillips Edison & Company, Inc. · PECO

0.6%
0.5%
0.7%
0.7%
0.7%
0.7%
0.8%
0.8%
0.8%
0.8%
0.9%
0.9%
0.8%
1.0%
1.0%
0.8%
1.0%
1.0%
1.1%
1.0%

Realty Income Corporation · O

0.9%
0.1%
0.9%
0.9%
0.9%
0.7%
0.7%
0.7%
0.8%
0.8%
0.5%
0.8%
0.7%
0.7%
0.7%
0.6%
0.8%
0.7%
0.8%

Regency Centers Corporation · REG

1.2%
0.3%
1.1%
1.1%
1.1%
1.1%
1.1%
1.0%
1.0%
1.0%
1.1%
1.1%
1.0%
1.0%
1.2%
1.1%
1.1%
1.2%
1.2%

Simon Property Group, Inc. · SPG

1.7%
1.6%
1.8%
1.8%
1.9%
1.9%
2.0%
2.0%
2.0%
2.2%
2.1%
2.3%
2.3%
2.6%
2.2%
2.1%
2.4%
2.4%
2.2%

The Macerich Company · MAC

0.4%
0.4%
0.5%
0.4%
0.4%
0.6%
0.4%
0.5%
0.5%
0.8%
0.4%
0.5%
0.5%
0.8%
0.4%
0.5%
0.6%
0.6%
0.3%

ROA change · reported quarter history

Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Agree Realty Corporation · ADC

−0.2 pp
−0.1 pp
−0.1 pp
−0.1 pp
0.0 pp
0.0 pp
0.0 pp
+0.1 pp
0.0 pp
0.0 pp
0.0 pp
−0.1 pp
+0.1 pp
+0.1 pp
+0.1 pp

Brixmor Property Group Inc. · BRX

0.0 pp
0.0 pp
+0.1 pp
−0.3 pp
−0.1 pp
+0.1 pp
0.0 pp
+0.3 pp
+0.1 pp
−0.1 pp
0.0 pp
0.0 pp
−0.1 pp
+0.1 pp
+0.1 pp

Essential Properties Realty Trust, Inc. · EPRT

−0.2 pp
−0.4 pp
+0.1 pp
+0.2 pp
+0.3 pp
+0.5 pp
0.0 pp
+0.1 pp
0.0 pp
0.0 pp
0.0 pp
+0.1 pp
+0.1 pp
+0.1 pp
0.0 pp
−0.1 pp

Federal Realty Investment Trust · FRT

+1.3 pp
+0.1 pp
+0.1 pp
+0.1 pp
−1.2 pp
−0.7 pp
0.0 pp
+0.6 pp
+0.1 pp
0.0 pp
+0.1 pp
+0.5 pp
0.0 pp
+0.7 pp

Kimco Realty Corporation · KIM

+0.3 pp
+6.7 pp
−0.2 pp
−0.3 pp
0.0 pp
−6.7 pp
−1.2 pp
+0.3 pp
+0.1 pp
+0.5 pp
+1.4 pp
−0.1 pp
0.0 pp
−0.4 pp
+0.1 pp

Kite Realty Group Trust · KRG

+0.2 pp
+1.8 pp
+0.2 pp
0.0 pp
0.0 pp
+0.2 pp
+0.2 pp
−1.1 pp
+0.2 pp
+0.2 pp
+0.2 pp
+1.0 pp
−0.5 pp
−0.2 pp
−0.1 pp

NNN REIT, Inc. · NNN

+0.1 pp
+0.1 pp
+0.1 pp
+0.3 pp
+0.2 pp
+0.1 pp
0.0 pp
+0.1 pp
−0.2 pp
−0.1 pp
0.0 pp
−0.1 pp
0.0 pp
0.0 pp
0.0 pp

Phillips Edison & Company, Inc. · PECO

+0.1 pp
+0.2 pp
+0.1 pp
+0.1 pp
+0.1 pp
+0.1 pp
+0.1 pp
+0.1 pp
0.0 pp
+0.2 pp
+0.1 pp
−0.1 pp
+0.2 pp
0.0 pp
+0.1 pp
+0.2 pp

Realty Income Corporation · O

0.0 pp
+0.6 pp
−0.2 pp
−0.2 pp
−0.1 pp
+0.1 pp
−0.2 pp
+0.1 pp
−0.1 pp
−0.1 pp
+0.2 pp
−0.2 pp
+0.1 pp
0.0 pp
+0.1 pp

Regency Centers Corporation · REG

−0.1 pp
+0.8 pp
0.0 pp
−0.1 pp
−0.1 pp
−0.1 pp
0.0 pp
+0.1 pp
0.0 pp
0.0 pp
+0.1 pp
0.0 pp
+0.1 pp
+0.2 pp
0.0 pp

Simon Property Group, Inc. · SPG

+0.2 pp
+0.3 pp
+0.2 pp
+0.2 pp
+0.1 pp
+0.3 pp
+0.1 pp
+0.3 pp
+0.3 pp
+0.4 pp
+0.1 pp
−0.2 pp
+0.1 pp
−0.2 pp
0.0 pp

The Macerich Company · MAC

0.0 pp
+0.2 pp
−0.1 pp
+0.1 pp
+0.1 pp
+0.2 pp
0.0 pp
0.0 pp
0.0 pp
0.0 pp
0.0 pp
0.0 pp
+0.1 pp
−0.2 pp
−0.1 pp
05 · compare level, then change

ROE — Leaders & Improvers

CBL & Associates Properties, Inc. has the highest ROE among the 26 REIT - Retail companies compared here, at 13.8%. Simon Property Group, Inc. is next at 11.8%. The same company also holds the highest ROE change, at +11 percentage points. 26 of 26 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: CBL & Associates Properties, Inc. leads both roe at 13.8% and roe change at +11 percentage points.

LeaderCBL & Associates Properties, Inc. · 13.8%
Gap16.9% versus #2 · Simon Property Group, Inc.
Persistence7/8 recent comparable periods
Coverage26/26 companies · 488 observations

Investor read: CBL & Associates Properties, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roe change signal.

ROE shows the return to shareholders, but should be read with asset quality and leverage.
ROEhighest
1CBL & Associates Properties, Inc. CBL14%
2Simon Property Group, Inc. SPG12%
3Acadia Realty Trust AKR5.1%
4Brixmor Property Group Inc. BRX4.3%
5Tanger Inc. SKT4.3%
ROE changefastest improvers
1CBL & Associates Properties, Inc. CBL+11.0 pp
2Acadia Realty Trust AKR+5.6 pp
3Alpine Income Property Trust, Inc. PINE+2.2 pp
4Brixmor Property Group Inc. BRX+1.9 pp
5Federal Realty Investment Trust FRT · older report+1.7 pp
Return on equity · company comparison
26/26 level · 26/26 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyROEROE changeReported
CBL & Associates Properties, Inc. CBL14%+11.0 ppMar 2026
Simon Property Group, Inc. SPG12%−1.8 ppMar 2026
Acadia Realty Trust AKR5.1%+5.6 ppMar 2026
Brixmor Property Group Inc. BRX4.3%+1.9 ppMar 2026
Tanger Inc. SKT4.3%+1.1 ppMar 2026
Federal Realty Investment Trust FRT3.8%+1.7 ppDec 2025
Alexander's, Inc. ALX3.7%−28.6 ppMar 2026
Saul Centers, Inc. BFS2.5%−0.1 ppMar 2026
NNN REIT, Inc. NNN2.1%−0.2 ppMar 2026
Getty Realty Corp. GTY2.1%+0.7 ppJun 2026
Four Corners Property Trust, Inc. FCPT2.0%+0.1 ppMar 2026
Regency Centers Corporation REG1.9%+0.3 ppMar 2026
Essential Properties Realty Trust, Inc. EPRT1.8%0.0 ppJun 2026
Phillips Edison & Company, Inc. PECO1.7%+1.2 ppJun 2026
Urban Edge Properties UE1.7%+1.0 ppMar 2026
Kimco Realty Corporation KIM1.6%+0.4 ppMar 2026
Alpine Income Property Trust, Inc. PINE1.5%+2.2 ppJun 2026
Agree Realty Corporation ADC1.0%+0.1 ppMar 2026
Realty Income Corporation O0.8%+0.2 ppMar 2026
Whitestone REIT WSR0.8%−0.1 ppMar 2026
Kite Realty Group Trust KRG0.4%−0.3 ppMar 2026
NETSTREIT Corp. NTST0.4%+0.2 ppJun 2026
InvenTrust Properties Corp. IVT0.3%−0.1 ppMar 2026
Curbline Properties Corp. CURB0.2%−0.9 ppMar 2026
SITE Centers Corp. SITC0.2%0.0 ppMar 2026
The Macerich Company MAC-1.4%+0.6 ppMar 2026
Full 20-quarter history · every available company

ROE · reported quarter history

Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Agree Realty Corporation · ADC

1.3%
1.1%
1.1%
1.0%
1.0%
1.0%
1.0%
0.9%
0.9%
0.9%
0.9%
1.1%
0.8%
0.8%
0.9%
0.9%
0.9%
1.0%
1.0%

Brixmor Property Group Inc. · BRX

1.7%
3.0%
2.9%
3.2%
2.9%
3.8%
4.0%
2.0%
2.2%
2.5%
3.1%
2.4%
3.4%
2.9%
2.4%
2.9%
3.2%
4.6%
4.3%

Essential Properties Realty Trust, Inc. · EPRT

1.6%
1.6%
1.4%
1.7%
1.6%
1.6%
1.8%
2.1%
1.7%
1.8%
1.6%
1.7%
1.6%
1.7%
1.6%
1.8%
1.9%
1.8%
1.5%
1.8%

Federal Realty Investment Trust · FRT

2.0%
4.2%
1.9%
2.2%
5.4%
3.9%
1.9%
2.0%
1.9%
2.1%
1.8%
3.6%
2.0%
2.1%
2.0%
4.7%
1.9%
3.8%

Kimco Realty Corporation · KIM

6.5%
1.0%
3.0%
-1.7%
0.6%
-0.5%
2.9%
1.1%
1.2%
1.5%
-0.1%
1.2%
1.3%
1.6%
1.2%
1.5%
1.3%
1.4%
1.6%

Kite Realty Group Trust · KRG

-0.5%
-3.8%
-0.6%
0.5%
-0.3%
0.0%
0.1%
0.8%
0.1%
0.2%
0.4%
-1.4%
0.5%
0.6%
0.7%
3.3%
-0.5%
5.6%
0.4%

NNN REIT, Inc. · NNN

1.9%
1.9%
2.0%
1.8%
2.1%
2.3%
2.2%
2.4%
2.6%
2.3%
2.3%
2.6%
2.3%
2.3%
2.3%
2.3%
2.2%
2.2%
2.1%

Phillips Edison & Company, Inc. · PECO

0.7%
-0.3%
0.5%
0.7%
0.5%
0.6%
0.7%
0.6%
0.5%
0.6%
0.8%
0.7%
0.5%
0.8%
1.1%
0.5%
1.1%
2.0%
1.3%
1.7%

Realty Income Corporation · O

1.1%
0.0%
1.1%
1.2%
1.1%
0.8%
0.8%
0.7%
0.8%
0.7%
0.4%
0.7%
0.8%
0.6%
0.6%
0.5%
0.8%
0.8%
0.8%

Regency Centers Corporation · REG

1.9%
1.1%
3.2%
1.7%
1.4%
1.6%
1.6%
1.4%
1.4%
1.4%
1.7%
1.6%
1.5%
1.3%
1.6%
1.6%
1.6%
3.0%
1.9%

Simon Property Group, Inc. · SPG

24%
14%
12%
14%
15%
19%
13%
15%
18%
23%
23%
16%
16%
21%
14%
19%
22%
69%
12%

The Macerich Company · MAC

3.8%
-0.9%
-1.2%
-0.6%
-0.4%
0.1%
-2.0%
-0.5%
-9.9%
2.4%
-5.0%
9.8%
-4.4%
-8.2%
-2.0%
-1.6%
-3.5%
-0.7%
-1.4%

ROE change · reported quarter history

Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Agree Realty Corporation · ADC

−0.3 pp
−0.1 pp
−0.1 pp
−0.1 pp
−0.1 pp
−0.1 pp
−0.1 pp
+0.2 pp
−0.1 pp
−0.1 pp
0.0 pp
−0.2 pp
+0.1 pp
+0.2 pp
+0.1 pp

Brixmor Property Group Inc. · BRX

+1.2 pp
+0.8 pp
+1.1 pp
−1.2 pp
−0.7 pp
−1.3 pp
−0.9 pp
+0.4 pp
+1.2 pp
+0.4 pp
−0.7 pp
+0.5 pp
−0.2 pp
+1.7 pp
+1.9 pp

Essential Properties Realty Trust, Inc. · EPRT

0.0 pp
0.0 pp
+0.4 pp
+0.4 pp
+0.1 pp
+0.2 pp
−0.2 pp
−0.4 pp
−0.1 pp
−0.1 pp
0.0 pp
+0.1 pp
+0.3 pp
+0.1 pp
−0.1 pp
0.0 pp

Federal Realty Investment Trust · FRT

+3.4 pp
−0.3 pp
0.0 pp
−0.2 pp
−3.5 pp
−1.8 pp
−0.1 pp
+1.6 pp
+0.1 pp
0.0 pp
+0.2 pp
+1.1 pp
−0.1 pp
+1.7 pp

Kimco Realty Corporation · KIM

−5.9 pp
−1.5 pp
−0.1 pp
+2.8 pp
+0.6 pp
+2.0 pp
−3.0 pp
+0.1 pp
+0.1 pp
+0.1 pp
+1.3 pp
+0.3 pp
0.0 pp
−0.2 pp
+0.4 pp

Kite Realty Group Trust · KRG

+0.2 pp
+3.8 pp
+0.7 pp
+0.3 pp
+0.4 pp
+0.2 pp
+0.3 pp
−2.2 pp
+0.4 pp
+0.4 pp
+0.3 pp
+4.7 pp
−1.0 pp
+5.0 pp
−0.3 pp

NNN REIT, Inc. · NNN

+0.2 pp
+0.4 pp
+0.2 pp
+0.6 pp
+0.5 pp
0.0 pp
+0.1 pp
+0.2 pp
−0.3 pp
0.0 pp
0.0 pp
−0.3 pp
−0.1 pp
−0.1 pp
−0.2 pp

Phillips Edison & Company, Inc. · PECO

−0.2 pp
+0.9 pp
+0.2 pp
−0.1 pp
0.0 pp
0.0 pp
+0.1 pp
+0.1 pp
0.0 pp
+0.2 pp
+0.3 pp
−0.2 pp
+0.6 pp
+1.2 pp
+0.2 pp
+1.2 pp

Realty Income Corporation · O

0.0 pp
+0.8 pp
−0.3 pp
−0.5 pp
−0.3 pp
−0.1 pp
−0.4 pp
0.0 pp
0.0 pp
−0.1 pp
+0.2 pp
−0.2 pp
0.0 pp
+0.2 pp
+0.2 pp

Regency Centers Corporation · REG

−0.5 pp
+0.5 pp
−1.6 pp
−0.3 pp
0.0 pp
−0.2 pp
+0.1 pp
+0.2 pp
+0.1 pp
−0.1 pp
−0.1 pp
0.0 pp
+0.1 pp
+1.7 pp
+0.3 pp

Simon Property Group, Inc. · SPG

−8.8 pp
+4.6 pp
+1.3 pp
+0.9 pp
+3.1 pp
+4.1 pp
+9.6 pp
+1.4 pp
−2.0 pp
−1.7 pp
−9.0 pp
+3.3 pp
+6.5 pp
+47.5 pp
−1.8 pp

The Macerich Company · MAC

−4.2 pp
+1.0 pp
−0.8 pp
+0.1 pp
−9.5 pp
+2.3 pp
−3.0 pp
+10.3 pp
+5.5 pp
−10.6 pp
+3.0 pp
−11.4 pp
+0.9 pp
+7.5 pp
+0.6 pp
06 · not available

Gross NPA — Leaders & Improvers

No company in this REIT - Retail comparison reports gross NPA on a comparable basis, so there is nothing to rank here — 0 of 26 companies have a usable current reading. The section is shown rather than removed so an unavailable metric is not mistaken for one that was quietly left out. Filings were read through Jun 2026.

Lower gross NPA is better. Improvement means the ratio is falling, so ranks are intentionally inverted.
07 · compare level, then change

Valuation Against Growth & Quality

Acadia Realty Trust has the lowest P/BV ÷ ROE among the 26 REIT - Retail companies compared here, at 0.22×. SITE Centers Corp. has the lowest P/BV at 0.84×, so level and change sit with different companies. 25 of 26 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Acadia Realty Trust has the lowest comparable P/BV ÷ ROE at 0.22×, 0% below CBL & Associates Properties, Inc.. Only 25 of 26 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderAcadia Realty Trust · 0.22×
Gap0% versus #2 · CBL & Associates Properties, Inc.
Persistence0/8 recent comparable periods
Coverage25/26 companies · 419 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

Banks are compared on P/BV and P/BV÷ROE, not PEG. Lower is better only if asset quality and return durability hold; cheap book value with weakening NPAs is not automatically attractive.
P/BV ÷ ROElowest return-adjusted price
1Acadia Realty Trust AKR0.2
2CBL & Associates Properties, Inc. CBL0.2
3Brixmor Property Group Inc. BRX0.7
4Federal Realty Investment Trust FRT · older report0.7
5Alpine Income Property Trust, Inc. PINE0.7
P/BVlowest P/BV
1SITE Centers Corp. SITC0.8
2Alpine Income Property Trust, Inc. PINE1.1
3Acadia Realty Trust AKR1.1
4Whitestone REIT WSR1.3
5InvenTrust Properties Corp. IVT1.3
Valuation · company comparison
25/26 level · 26/26 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyP/BV ÷ ROEP/BVReported
Curbline Properties Corp. CURB7.21.4Mar 2026
InvenTrust Properties Corp. IVT4.51.3Mar 2026
Kite Realty Group Trust KRG4.41.7Mar 2026
SITE Centers Corp. SITC4.20.8Mar 2026
Alexander's, Inc. ALX3.613.3Mar 2026
NETSTREIT Corp. NTST3.41.4Jun 2026
Realty Income Corporation O1.81.5Mar 2026
Whitestone REIT WSR1.61.3Mar 2026
Agree Realty Corporation ADC1.51.5Mar 2026
Tanger Inc. SKT1.45.8Mar 2026
Phillips Edison & Company, Inc. PECO1.32.2Jun 2026
Urban Edge Properties UE1.22.0Mar 2026
Regency Centers Corporation REG1.12.0Mar 2026
Saul Centers, Inc. BFS1.12.7Mar 2026
Simon Property Group, Inc. SPG1.112.5Mar 2026
Kimco Realty Corporation KIM0.91.5Mar 2026
Getty Realty Corp. GTY0.91.8Jun 2026
NNN REIT, Inc. NNN0.91.8Mar 2026
Essential Properties Realty Trust, Inc. EPRT0.81.5Jun 2026
Four Corners Property Trust, Inc. FCPT0.81.6Mar 2026
Alpine Income Property Trust, Inc. PINE0.71.1Jun 2026
Federal Realty Investment Trust FRT0.72.7Dec 2025
Brixmor Property Group Inc. BRX0.72.9Mar 2026
Acadia Realty Trust AKR0.21.1Mar 2026
CBL & Associates Properties, Inc. CBL0.23.0Mar 2026
The Macerich Company MAC0.12.0Mar 2026
Full 20-quarter history · every available company

P/BV ÷ ROE · reported quarter history

Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Agree Realty Corporation · ADC

1.1
1.4
1.2
1.5
1.3
1.4
1.3
1.4
1.2
1.4
1.2
1.1
1.8
1.7
1.7
1.6
1.5
1.4
1.5

Brixmor Property Group Inc. · BRX

1.4
0.9
1.0
0.7
0.7
0.6
0.6
1.2
1.0
1.0
0.8
1.0
0.9
1.0
1.2
0.9
0.9
0.6
0.7

Essential Properties Realty Trust, Inc. · EPRT

1.1
1.1
1.1
0.7
0.7
0.8
0.8
0.6
0.7
0.8
0.9
0.9
1.2
1.0
1.1
0.9
0.8
0.8
1.0
0.8

Federal Realty Investment Trust · FRT

1.9
1.0
1.9
1.3
0.5
0.7
1.5
1.4
1.4
1.4
1.6
0.8
1.6
1.4
1.3
0.5
1.4
0.7

Kimco Realty Corporation · KIM

0.2
1.5
0.5
2.0
0.4
1.2
1.0
0.9
1.0
1.2
0.9
1.1
0.9
1.1
0.9
0.9

Kite Realty Group Trust · KRG

1.9
12.4
1.7
12.9
7.1
3.4
3.5
2.8
2.1
0.5
0.3
4.4

NNN REIT, Inc. · NNN

0.9
1.1
1.0
1.1
0.9
0.9
0.9
0.8
0.6
0.8
0.8
0.7
0.9
0.8
0.8
0.8
0.8
0.8
0.9

Phillips Edison & Company, Inc. · PECO

2.3
3.6
2.5
2.9
2.8
2.5
3.0
3.6
3.2
2.4
2.5
4.1
2.5
1.8
3.8
1.7
1.0
1.6
1.3

Realty Income Corporation · O

1.7
1.5
1.3
1.3
1.8
1.8
1.9
1.4
1.9
3.0
1.7
1.8
2.1
2.2
2.7
1.8
1.7
1.8

Regency Centers Corporation · REG

1.0
1.9
0.6
1.0
1.1
1.1
1.1
1.2
1.1
1.3
0.9
1.0
1.3
1.5
1.3
1.2
1.2
0.6
1.1

Simon Property Group, Inc. · SPG

0.5
1.1
1.1
0.7
0.7
0.7
0.9
0.9
0.7
0.7
0.7
1.1
1.3
0.9
1.5
1.1
1.2
0.2
1.1

The Macerich Company · MAC

0.3
8.5
0.6
0.1

P/BV · reported quarter history

Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Agree Realty Corporation · ADC

1.4
1.5
1.4
1.5
1.3
1.4
1.3
1.3
1.1
1.2
1.1
1.2
1.5
1.4
1.5
1.4
1.4
1.4
1.5

Brixmor Property Group Inc. · BRX

2.4
2.8
2.8
2.2
2.0
2.4
2.2
2.3
2.2
2.5
2.5
2.4
2.9
2.9
2.8
2.7
2.8
2.7
2.9

Essential Properties Realty Trust, Inc. · EPRT

1.8
1.8
1.5
1.3
1.1
1.3
1.4
1.3
1.2
1.4
1.4
1.5
1.9
1.7
1.7
1.7
1.5
1.5
1.5
1.5

Federal Realty Investment Trust · FRT

3.7
4.2
3.7
2.8
2.5
2.8
2.8
2.7
2.6
2.9
2.9
2.8
3.1
3.0
2.6
2.5
2.7
2.7

Kimco Realty Corporation · KIM

1.3
1.5
1.5
1.3
1.2
1.4
1.3
1.3
1.1
1.4
1.2
1.2
1.5
1.5
1.4
1.4
1.4
1.3
1.5

Kite Realty Group Trust · KRG

1.4
1.2
1.3
1.0
1.0
1.2
1.2
1.3
1.3
1.4
1.4
1.4
1.7
1.7
1.5
1.5
1.5
1.6
1.7

NNN REIT, Inc. · NNN

1.8
2.2
2.0
1.9
1.8
2.0
1.9
1.9
1.6
1.9
1.9
1.9
2.1
1.8
1.8
1.9
1.8
1.7
1.8

Phillips Edison & Company, Inc. · PECO

1.6
1.7
1.8
1.7
1.5
1.7
1.7
1.8
1.8
1.9
1.9
1.8
2.1
2.0
2.0
1.9
1.9
2.0
2.1
2.2

Realty Income Corporation · O

1.9
1.7
1.6
1.6
1.4
1.5
1.5
1.4
1.1
1.3
1.2
1.2
1.4
1.2
1.3
1.4
1.4
1.3
1.5

Regency Centers Corporation · REG

1.9
2.1
2.0
1.7
1.5
1.8
1.7
1.7
1.6
1.8
1.6
1.7
1.9
2.0
2.0
1.9
2.0
1.8
2.0

Simon Property Group, Inc. · SPG

12.6
15.6
13.3
10.1
9.7
12.2
12.2
13.2
11.9
15.4
16.4
16.8
20.3
19.1
20.8
21.4
26.1
11.6
12.5

The Macerich Company · MAC

1.2
1.2
1.1
0.6
0.6
0.9
0.8
0.9
1.0
1.4
1.6
1.3
1.6
1.8
1.6
1.6
1.8
1.9
2.0
08 · let price answer last

Market action

CBL & Associates Properties, Inc. has the strongest one-year price move in REIT - Retail at +126.1%. It also leads on Mansfield relative strength against the S&P 500 at +44.3%. 22 of 26 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-07-28.

Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength

Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.

Before the conclusion · check the blind spots

What can make this comparison misleading?

This REIT - Retail comparison names 7 specific ways its own evidence can mislead, all listed below. 1 of the 26 companies reports on an older date than the sector's freshest reporters, so its rank is marked stale. 2 of the 7 ranked sections have fewer than three usable current readings.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROE can be manufactured with leverage. Read it beside ROA and asset quality.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • 1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker.
  • Banks and lenders are not forced through operating-margin or ROCE comparisons; missing lender-specific fields remain visibly missing.
  • Thin comparisons: Funding base, Asset quality have fewer than three usable current readings.
09 · the complete set

Which companies are included?

All 26 companies in the canonical REIT - Retail membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.

AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.

CompanyMarket valuePricePriced toLatest fundamentals
Simon Property Group, Inc. SPGAHEAD19/26 WEEKS$90.0B$2372026-07-28Mar 2026
Realty Income Corporation O$61.5B$65.72026-07-28Mar 2026
Kimco Realty Corporation KIMAHEAD19/26 WEEKS$17.7B$26.22026-07-28Mar 2026
Regency Centers Corporation REG$15.1B$81.02026-07-28Mar 2026
Federal Realty Investment Trust FRTAHEAD23/26 WEEKS$11.0B$1262026-07-28Dec 2025
Brixmor Property Group Inc. BRXAHEAD$9.8B$31.82026-07-28Mar 2026
Agree Realty Corporation ADC$9.8B$81.12026-07-28Mar 2026
NNN REIT, Inc. NNNAHEAD$9.4B$49.22026-07-28Mar 2026
The Macerich Company MACAHEAD25/26 WEEKS$8.2B$26.52026-07-28Mar 2026
Essential Properties Realty Trust, Inc. EPRT$7.0B$32.12026-07-28Jun 2026
Kite Realty Group Trust KRGAHEAD20/26 WEEKS$6.1B$29.12026-07-28Mar 2026
Phillips Edison & Company, Inc. PECOAHEAD$6.0B$42.62026-07-28Jun 2026
Tanger Inc. SKTAHEAD18/26 WEEKS$5.0B$42.12026-07-28Mar 2026
Curbline Properties Corp. CURBAHEAD21/26 WEEKS$3.6B$31.72026-07-28Mar 2026
Acadia Realty Trust AKR$3.1B$22.12026-07-28Mar 2026
Urban Edge Properties UE19/26 WEEKS$3.1B$23.22026-07-28Mar 2026
Four Corners Property Trust, Inc. FCPT$2.9B$26.02026-07-28Mar 2026
InvenTrust Properties Corp. IVTAHEAD19/26 WEEKS$2.8B$36.02026-07-28Mar 2026
NETSTREIT Corp. NTSTAHEAD$2.2B$21.92026-07-28Jun 2026
Getty Realty Corp. GTY$2.2B$35.12026-07-28Jun 2026
CBL & Associates Properties, Inc. CBLAHEAD26/26 WEEKS$1.9B$60.12026-07-28Mar 2026
Alexander's, Inc. ALXAHEAD$1.4B$2662026-07-28Mar 2026
Saul Centers, Inc. BFS18/26 WEEKS$1.3B$35.52026-07-28Mar 2026
Whitestone REIT WSR22/26 WEEKS$988M$19.02026-07-17Mar 2026
Alpine Income Property Trust, Inc. PINE$385M$20.42026-07-28Jun 2026
SITE Centers Corp. SITC$235M$4.52026-07-28Mar 2026
Evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 26 REIT - Retail companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-28. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-28 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Questions investors ask · short, speakable answers

REIT - Retail company comparison FAQs

These 15 answers restate the REIT - Retail comparison above in question form. Every one is computed from the same 26 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-28. Nothing here is estimated, and none of it is a recommendation.

Which REIT - Retail company is the biggest?

Simon Property Group, Inc. is the largest, with trailing-twelve-month income of $6,648 million, ahead of Realty Income Corporation at $5,918 million. That covers 21 of 26 companies with comparable reporting through Mar 2026.

Which REIT - Retail company is growing fastest?

Curbline Properties Corp. has the fastest income growth at 53% year on year, across 21 of 26 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

Which REIT - Retail company makes the most profit?

Simon Property Group, Inc. earns the most, at $5,456 million of trailing-twelve-month net profit, from 21 of 26 comparable companies. CBL & Associates Properties, Inc. has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

Which REIT - Retail company earns the highest return on capital?

CBL & Associates Properties, Inc. leads on return on assets at 9.8%, across 26 of 26 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which REIT - Retail stock is the cheapest?

On price-to-book divided by return on equity — where a LOWER number is cheaper — Acadia Realty Trust screens cheapest at 0.22×. Only 25 of 26 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Is the REIT - Retail sector beating the market?

REIT - Retail has outperformed S&P 500 by 5.4% over the last 52 weeks and 5.2% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 22 of 26 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which REIT - Retail stock has the strongest price momentum?

CBL & Associates Properties, Inc. has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which REIT - Retail company scores highest for research priority?

CBL & Associates Properties, Inc. scores 67.6 out of 100 with 70% evidence confidence, from 21.5 points on growth and earnings, 18.6 on capital efficiency, 10.5 on valuation and 17 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many REIT - Retail companies does this comparison cover, and over what period?

It compares 26 listed companies over up to 20 reported quarters of fundamentals and 6 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the REIT - Retail sector?

The 26 REIT - Retail companies on this page carry $282,430 million of combined market value. Simon Property Group, Inc. is the largest at $90,030 million, about 32% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-28.

What is the REIT - Retail sector's P/B ratio?

The median price-to-book ratio across the 26 REIT - Retail companies on this page is 1.8×, measured on the 26 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-28.

How is the REIT - Retail sector performing?

22 of the 26 covered REIT - Retail companies are beating S&P 500 on Mansfield relative strength. The sector itself is 5.4% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-28.

How many REIT - Retail stocks are listed in the US?

This comparison covers 26 listed REIT - Retail companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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