Retail REITs: Retail REIT Weekly Rundown

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Retail REITs: Retail REIT Weekly Rundown

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Retail REITs

Retail REIT Weekly Rundown

Price Objective Change

Hosting 10 retail REIT meetings at June Nareit next week 29 May 2026

The June Nareit conference kicks off in NYC next week. We are meeting with 10 retail Equity

REITs including a lunch meeting with REG. We expect conversations to echo the United States

constructive tone we heard across our meetings at ICSC Vegas. With good visibility into REITs

the balance of the year – given 2026 leasing is essentially complete and bankruptcies Samir Khanal

are a non-issue this year – the focus may shift towards 2027 growth and puts/takes. Research Analyst

BofAS

Pre-Nareit virtual meeting with KRG President & CFO +1samir.khanal@bofa.com646 855 1497

Top 5 takeaways from our webinar with KRG President and CFO Heath Fear this week: 1) Jeffrey Spector

Coming out of ICSC, demand for space remains firmly intact, with leasing conversations ResearchBofAS Analyst

and tenant decision-making looking through near-term macro noise. 2) Dispositions +1 646 855 1363

jeff.spector@bofa.com

remain a key focus, with another potential slug of assets on deck. Execution is

Andrew Reale

contingent on achieving earnings-accretive use of proceeds. 3) There is strong demand Research Analyst

for power centers and larger-format deals that meet the IRR hurdles grocery-anchored BofAS

+1 646 855 1272

deals can’t. 4) 2028 to benefit from moderating capex and future SNO commencement, andrew.reale@bofa.com

and will likely see AFFO and cash flow inflect. 5) Over the long run, KRG seeks to deliver REITs Team

8-10% total returns annually including 5% FFO growth at the midpoint. BofAS

See Team Page for List of Analysts

SKT acquires lifestyle ctr for $60mn, 8.5% year one yield