Retail REITs Stocks — Fair Value & Margin of Safety

Equity Rank covers 24 Retail REITs companies; 24 have a published model fair value, and 17 of those (71%) trade below the model estimate. The median model fair value sits 5.3% above the current price, under these model assumptions. Data as of 2026-10-22.

Source: Equity Rank — Retail REITs stocks. Model fair value is a multi-method blend (DCF, Graham Number, earnings power, sector multiples and more), recomputed after each U.S. market close.

Retail REITs stocks furthest below the model estimate

Among companies valued by at least five methods. A wide gap can also mean the models are missing something.

  1. CBL — CBL & Associates Properties Inc: model fair value $78.19 vs. price $49.83, a model fair value differential of 56.9% above the current price (as of 2026-10-22)
  2. KRG — Kite Realty Group Trust: model fair value $31.00 vs. price $24.77, a model fair value differential of 25.1% above the current price (as of 2026-10-22)
  3. GTY — Getty Realty Corporation: model fair value $35.17 vs. price $28.45, a model fair value differential of 23.6% above the current price (as of 2026-10-22)
  4. BFS — Saul Centers Inc: model fair value $36.26 vs. price $29.52, a model fair value differential of 22.8% above the current price (as of 2026-10-22)
  5. UE — Urban Edge Properties: model fair value $23.57 vs. price $19.55, a model fair value differential of 20.6% above the current price (as of 2026-10-22)
  6. IVT — Inventrust Properties Corp: model fair value $35.82 vs. price $30.14, a model fair value differential of 18.9% above the current price (as of 2026-10-22)
  7. BRX — Brixmor Property: model fair value $32.67 vs. price $28.26, a model fair value differential of 15.6% above the current price (as of 2026-10-22)
  8. PINE — Alpine Income Property Trust, Inc.: model fair value $19.59 vs. price $17.42, a model fair value differential of 12.5% above the current price (as of 2026-10-22)
  9. FCPT — Four Corners Property Trust Inc: model fair value $23.95 vs. price $22.05, a model fair value differential of 8.6% above the current price (as of 2026-10-22)
  10. KIM — Kimco Realty Corporation: model fair value $25.59 vs. price $23.59, a model fair value differential of 8.5% above the current price (as of 2026-10-22)

All 24 Retail REITs companies

TickerCompanyPriceModel fair valueGap
SPGSimon Property Group Inc$211.00$208.62-1.1%
ORealty Income Corporation$57.04$61.79+8.3%
KIMKimco Realty Corporation$23.59$25.59+8.5%
REGRegency Centers Corporation$74.38$71.90-3.3%
FRTFederal Realty Investment Trust$108.88$111.91+2.8%
BRXBrixmor Property$28.26$32.67+15.6%
ADCAgree Realty Corporation$67.13$51.94-22.6%
NNNNNN REIT, Inc.$42.13$44.16+4.8%
MACMacerich Company$23.95$14.63-38.9%
EPRTEssential Properties Realty Trust Inc$26.26$27.79+5.8%
PECOPhillips Edison & Co Inc$38.29$40.02+4.5%
KRGKite Realty Group Trust$24.77$31.00+25.1%
SKTTanger Factory Outlet Centers Inc$36.11$29.29-18.9%
CURBCurbline Properties Corp.$28.86$23.92-17.1%
AKRAcadia Realty Trust$18.79$15.69-16.5%
UEUrban Edge Properties$19.55$23.57+20.6%
FCPTFour Corners Property Trust Inc$22.05$23.95+8.6%
IVTInventrust Properties Corp$30.14$35.82+18.9%
GTYGetty Realty Corporation$28.45$35.17+23.6%
NTSTNetstreit Corp$17.02$17.48+2.7%
CBLCBL & Associates Properties Inc$49.83$78.19+56.9%
ALXAlexanders Inc$247.69$253.56+2.4%
BFSSaul Centers Inc$29.52$36.26+22.8%
PINEAlpine Income Property Trust, Inc.$17.42$19.59+12.5%

Largest companies first. Gap = model fair value differential versus the current price; positive means the price sits below the model estimate. “Not published” means the models lacked reliable data.

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SPG vs O

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