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These REITs with retail tenants trade higher

25.11.2022

Retail stocks had mixed results during market hours Friday, as early reports suggested that the shopping holiday was off to a slower than normal start.

On the other hand, real estate investment trusts REITs with retail tenants traded higher Friday.

Alpine Income Property Trust Inc PINE increased by 1.39% for the day, closing at $18.96 per share. The net lease REIT is a landlord for some major retailers like Walmart Inc WMT, Lowe's Companies Inc LOW and Best Buy Co Inc BBY.

Alpine is currently down 7.8% for the year, but has gained 4.45% in the last month. The company has a yield of 5.9%, and it pays a dividend of $0.28 per share.

Realty Income Corp O had a slight gain of 0.5% for the day, closing at $64.85 per share. The Monthly Dividend Company has a portfolio of over 11,700 commercial properties in the U.S., the U.K. and Spain. The largest retail tenants include Walgreens Boots Alliance Inc WBA, Dollar General Corp DG, Home Depot Inc HD, CVS Health Corp CVS, Sainsbury s JSAIY and several others.

Realty Income is down 8.92% for the year, but has gained 7.01% during the last month. The REIT pays a monthly dividend of $0.25 per share for a yield of 4.71%.

Kimco Realty Corp. KIM, North America's largest publicly traded owner and operator of open-air grocery-anchored shopping centers, had a slight gain of 0.4% Friday, closing at $22.72 per share.

The REIT's largest retail tenants are TJX Companies Inc TJX, Home Depot, Albertsons Companies, Inc. ACI, Target Corporation TGT and many others.

Kimco's share price is down 7.57% for the year, but has gained 10.83% in the last month. It has increased its dividend to $0.23 per share for a 4.49% dividend.

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Other REITs with retail tenants that gained on Friday include: