10 REITs That Own Some of Your Favorite Retail Spaces

Retail is big business, and people with an investment mindset may often find themselves wondering whether they can do more for themselves than helping to fill the merchants' coffers.

You don't have to invest in the retailers themselves to profit from their successful businesses. Many times, their landlords are publicly traded companies.

Here are 10 real estate investment trusts (REITs) that are good examples of how you can profit from buying the business behind the business.

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Simon Property Group (NYSE:SPG) is the largest of all mall owners, with ownership in more than 300 properties on three continents that include shopping, dining, entertainment, and mixed-use destinations.

Just a couple of examples of this Indianapolis-based titan's holdings are well-heeled Lenox Square Mall in Atlanta -- with its Neiman Marcus, Prada, Cartier, and Apple stores -- and Chicago Premium Outlets in Aurora, Illinois.

Simon stock is currently trading for about $132.91 a share and yielding about 5.03%.

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Agree Realty (NYSE:ADC) really counts on Walmart. While this Detroit-based landlord has a long list of tenants in its 1,404 properties across the country, the massive retailer accounts for nearly 7% of Agree's annualized base rent. Just one example is the Walmart Supercenter in Hazard, Kentucky.

This REIT pays dividends monthly, with a current yield of about 3.81% based on a stock price of approximately $72.12.

It would not be unusual to find yourself shopping at a store in a building owned by Realty Income (NYSE:O). This San Diego-based giant among retail REITs has a portfolio of about 11,100 shopping centers and other retail properties in all 50 states, Puerto Rico, Spain, and the United Kingdom. Dollar General alone accounts for 1,272 of those leases.

Realty Income also pays dividends monthly, right now at a rate of about 3.99% based on a stock price of around $75.11.

ALSO READ: Investing in Retail REITs

In many places, "Tanger" has become synonymous with "outlet malls," and you can still buy into that concept through Tanger Factory Outlet Centers (NYSE:SKT).

Based in Greensboro, North Carolina, Tanger has been at it for more than 40 years and now has 36 centers in 20 states and Canada, providing shoppers bargain opportunities from popular stores such as Banana Republic and Coach.

Tanger stock can be had for about $17.70 a share and is yielding about 4.12%.

Getty Realty (NYSE:GTY) is based in New York City, but you're more likely to encounter one of this company's clients by stopping at a corner gas station. That's because 710 of its 1,028 properties in 38 states and Washington, D.C., are just that, and about 70% of those are nicely situated on corner lots.

Auto parts and service and convenience stores make up the rest of the portfolio, with such brands as 7-Eleven, Jiffy Lube, and BP helping this REIT deliver a yield of 5.72% at a current share price of about $29.11.

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Federal Realty Trust (NYSE:FRT) has built a 50-year record of successfully owning and operating upscale retail environments and mixed-use neighborhoods that now include, for example, The Point in El Segunda, California, and Bethesda Row near this REIT's home base in suburban Washington, D.C.

Buy this stock -- currently selling for about $127.16 and yielding around 3.43% -- and you can feel like royalty. Federal Realty is the only REIT among the 50 or so Dividend Kings -- those members of the S&P 500 that have raised their dividends for at least 50 straight years.

ALSO READ: Dividend Kings of 2022

Urstadt Biddle Properties (NYSE:UBP) bills itself as the premier grocery-anchored shopping center REIT in the New York City suburbs. A small but mighty portfolio of 81 properties includes eight Stop & Shop stores, a pair of Kings Supermarkets, and a collection of other name brands that have enabled the company to pay dividends every quarter since its inception -- 203 of them and counting.

UBP stock is trading at approximately $16.68 a share and yielding about 5.14%.

National Retail Properties (NYSE:NNN) counts 123 Mavis Tire Express stores, 139 7-Elevens, 44 Camping Worlds, and 12 BJ's Wholesale Clubs among the 370 tenants occupying its portfolio of 3,223 properties in 48 states.

The Orlando, Florida-based REIT has raised its dividend for 32 straight years and is currently yielding about 4.45% at a share price of around $48.48.

ALSO READ: Real Estate Investment Trusts: What They Are and How to Invest in Them

RPT Realty (NYSE:RPT) owns and operates approximately 50 open-air shopping centers. Among its well-known properties are Whole Foods-anchored The Shops on Lane Avenue in the Columbus suburb of Upper Arlington, Ohio; and Bedford Marketplace in Bedford, Massachusetts.

This New York City-based REIT is currently trading for about $14.28 a share and yielding around 3.72%.

Cleveland-based SITE Centers (NYSE:SITC) has a portfolio of 89 fully owned shopping centers focused on some of the wealthier suburbs across the country. About 80% of those centers are anchored by grocery stores or high-quality discounters like Nordstrom Rack at Arrowhead Crossing in Phoenix and IKEA at Centennial Promenade in Centennial, Colorado.

SITE stock is serving up a yield of around 3.12% at a stock price of about $17.04.

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We hear it over and over from investors, "I wish I had bought Amazon or Netflix when they were first recommended by The Motley Fool. I'd be sitting on a gold mine!" It's true, but we think these 5 other stocks are screaming buys. And you can buy them now for less than $49 a share! Click here to learn how you can grab a copy of "5 Growth Stocks Under $49" for FREE for a limited time only.

REITs are required to pay out at least 90% of their taxable income to shareholders -- another reason to consider buying and holding shares of some of these successful operations. They can help reward you while you patronize some of your favorite brands that happen to lease their spaces from a company you own.

Marc Rapport owns Agree Realty. The Motley Fool owns and recommends Apple. The Motley Fool recommends Tanger Factory Outlet Centers and recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.