Shopping centers, regional malls, strip centers - Realty Income, Federal Realty, Simon Property. Triple-net-lease structures + creditworthy tenants drive predictable dividend coverage.
Industry leader
Saul Centers, Inc. BFS
Buffett-Fit: 61/100
Retail REIT quality varies enormously by tenant credit + lease structure. Realty Income (triple-net + investment-grade tenants) is the quality benchmark - its monthly dividend has compounded for 30+ years with annual increases. Avoid mall REITs unless they have the highest-quality A-class properties + diversified anchor tenants.
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Educational framework analysis only. Not investment advice, not a recommendation, not personalized to your situation. Always do your own research.