• Acadia Realty reported a 1.7 percent decline in same-center net operating income growth for the fourth quarter. The firm said it is still refilling some vacancies that occurred in 2017, including a 55,000-square-foot Best Buy at its City Center, in San Francisco, which it expects to fill by the second half of 2019. Despite the REIT’s focus on urban retail, its fund platform purchased two suburban open-air centers, in Alabama and Michigan. President and CEO Kenneth Bernstein says such centers are well priced and that rival bidders are staying on the sidelines. “Once you get into the secondary markets with nonsupermarket anchors, the cap rates have moved up significantly and gapped out to about as wide a level as I've seen in the 20-plus years I've been doing this,” he said. “It makes sense for us to acquire assets in markets [where] other companies may say, ‘We don't want to be in that state.' ”

• Brixmor generated same-property net operating income growth of 3.6 percent in the fourth quarter, thanks in part to comparable rent spreads of 13.9 percent and to a 10-basis-point quarter-on-quarter increase in small-shop occupancy, to 84.5 percent. “Some of the specific wins this quarter included the new, smaller-format Burlington in Arapahoe Crossing, in Denver, which replaced the bankrupt Gordmans; the LA Fitness in Houston that replaced the former Sears box; and the Aldi in St. Louis that backfilled our last Sports Authority box,” said President and CEO James Taylor. “Each of these new tenants were substantial upgrades that should drive strong follow-on leasing in small shops at the impacted centers." Brixmor owns 475 retail centers.

• DDR reported a 0.4 percent decline in same-center NOI growth for the fourth quarter at its 273 properties. DDR generated new leasing spreads of 23.9 percent and renewal leasing spreads of 2.2 percent during the period. Annualized base rent per occupied square foot was $16.46, up from $15.46 in 2016. “We've executed multiple leases with T-Mobile, Kirkland's, Bulk Nation, Smoothie King, Mathnasium, Club Pilates and many more,” said CEO David Lukes. “We've also seen several retailers coming out of malls, like Foot Locker, America’s Best and Kay Jewelers.” In December the REIT announced plans to spin off 50 assets valued at an aggregate $2.9 billion into a separate publicly traded REIT to be named Retail Ventures Inc. The new REIT will include the company’s Puerto Rico assets.

• Weingarten Realty generated same-center NOI growth of 2.4 percent in the fourth quarter, and its rental spreads grew by 8.6 percent. “Our signed occupancy increased by 50 basis points from the fourth quarter of 2016, in spite of several leases that were terminated due to bankrupt tenants,” said COO Johnny Hendrix. "The majority of the increase resulted from the leasing of all but one of our former Sports Authority boxes."