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TheStreet Open House

9 Highly Rated REITs With Big Dividends

Stocks in this article: CBLFRTGRTMACSPGWRIKIMTCORIOCF

4. Glimcher Realty Trust (GRT)

Company profile: Glimcher, with a market value of $2 billion, owns enclosed regional and super-regional malls.

Dividend Yield: 3.65%

Investor takeaway: Its shares are up 21% this year, including 14% in the past three months, and have a three-year, average annual return of 46%. Analysts give its shares one "strong buy" rating, two "moderate buys," and three "holds," according to a survey of analysts by TheStreet.

3. CBL & Associates Properties (CBL)

Company profile: CBL, with a market value of $4 billion, is a fully integrated real estate investment trust owns regional malls and community shopping centers, primarily in the Southeast and Midwest.

Dividend Yield: 3.84%

Investor takeaway: Its shares are up 45% this year, including 23% in the past three months, and have a three-year, average annual return of 34%. Analysts give its shares three "buy" ratings, five "buy/holds," four "holds," one "weak hold," and one "sell," according to a survey of analysts by S&P.

S&P, which has it rated "strong buy," says: "We think CBL will benefit from its position as one of the largest shopping center owners/managers in the U.S., its focus on having the dominant shopping center in mid-sized markets, and its established relationships with numerous retailers, which should allow it to continue to generate moderate growth over the long term."

2. Weingarten Realty Investors (WRI)

Company profile: Weingarten Realty, with a market value of $3 billion, focuses primarily on the development, acquisition and ownership of neighborhood and community shopping centers. At the end of 2011, it had interests in 380 developed income-producing properties and 11 properties under various stages of construction and development.

Dividend Yield: 4.1%

Investor takeaway: Its shares are up 34% this year, including 12% in the past three months, and have a three-year, average annual return of 14%. Analysts give its shares four "buy" ratings, one "buy/hold," and seven "holds," according to a survey of analysts by S&P.

1. Simon Property Group (SPG)

Company profile: Simon, with a market value of $47 billion, owns, develops and manages retail real estate, primarily regional malls, outlet centers and community/lifestyle centers, across the U.S.

Dividend Yield: 2.69%

Investor takeaway: Its shares are up 23% this year and have a three-year, average annual return of 32%. Analysts give its shares six "buy" ratings, six "buy/holds," four "holds," and two "weak holds," according to a survey of analysts by S&P.

S&P, which has it rated "buy," says its "position as one of the largest owners and managers of shopping centers in the U.S., and its established relationships with numerous retailers, will allow it to continue to generate solid long-term growth."

Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.
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