Which retail REITs should you own? | Motley Fool Australia: "Federation Centres Ltd (ASX: FDC) owns and manages about $6.6 billion of shopping centres nationwide. It has a $3.4 billion market capitalisation and listed on the ASX in January 2013 after the company was restructured and formed from the assets of the former Centro Retail Australia.
Its PE is 14.4 and it has a 6.1% dividend yield. In 2013, it had a net profit of $212.7 million, up from the net loss in 2012. Its share price has been ranging between about $2.25 and $2.50. Currently it is $2.39.
In the first half of FY2014, underlying net profit was up 11.9% and distributions were up 13.6%."
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