Mall, shopping centers and outlet REITs closed 2022 on a strong upswing and dominated S&P Global's Q4 list of top-performing REITs ranked by fourth-quarter returns.
Near the top of the leaderboard were regional mall REITs Macerich, which ranked second with a Q4 return of 43.9%, a tick behind Service Properties Trust—a hotel REIT that was the top performer with a 44.2% quarterly return—and Simon Property Group, which notched a 32.9% return in Q4 as the REIT with the fifth-best quarterly performance.
Rounding out the 10 top-performing REITs in the fourth quarter were RPT Realty, a shopping center REIT (34.5%); Tanger Factory Outlet Centers (32.8%); SITE Centers, a shopping center REIT (28.8%); and Brixmor Property Group, also a shopping center REIT (24.6%).
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