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Retail real estate investment trusts (REITs) specialize in owning and managing retail properties, including shopping centers, malls, strip malls, and other retail spaces.

Retail REITs generate revenue by leasing space to retailers. As with all REITs, they are required to distribute a significant portion of their income to shareholders in the form of dividends, making them a popular choice for investors seeking income.

If you're interested in gaining exposure to retail real estate, here are three REITs you could buy today.

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Tanger Inc.

Tanger (NYSE:SKT) owns and operates North American outlets and open-air lifestyle centers. As of June 30, its portfolio comprises 38 outlet centers, one adjacent managed center, and one open-air lifestyle center containing over 15 million square feet across tourist destinations and other high-traffic markets in 20 U.S. states and Canada.

Tanger currently pays a quarterly dividend of $0.275 per share, equating to an annualized dividend of $1.10 per share. At the time of this writing, this gives its stock a yield of about 4%.

In addition to offering investors a high yield, Tanger has grown its dividend in recent years. It has raised its annual dividend payment each of the last two years, and its recent increases, including its 5.8% hike in April, have it on track for 2024 to mark the third consecutive year with an increase.

Agree Realty Corporation

Agree Realty Corporation (NYSE:ADC) is a leading owner and operator of retail properties in the United States, including community shopping centers, warehouse clubs, and car dealerships. As of June 30, its portfolio comprises 2,202 properties containing nearly 46 million square feet of gross leasable space across 49 states.

Agree Realty currently pays a monthly dividend of $0.25 per share, equating to an annualized dividend of $3.00 per share. At the time of this writing, this gives its stock a yield of about 4.2%.

On top of a high yield, Agree Realty offers investors consistent dividend growth. It has raised its annual dividend payment for an impressive 11 consecutive years, including a compound annual growth rate of about 6% from 2013 to 2023, and its recent hikes have it on pace for 2024 to mark the 12th consecutive year with an increase.

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Regency Centers Corporation

Regency Centers (NYSE:REG) is a leading owner, operator, and developer of shopping centers in the United States. As of June 30, its portfolio comprises 481 shopping centers containing over 56 million square feet.

Regency Centers currently pays a quarterly dividend of $0.67 per share, equating to an annualized dividend of $2.68 per share. At the time of this writing, this gives its stock a yield of about 3.8%.

Like Tanger and Agree, Regency Centers has been growing its dividend at a steady rate. It has raised its annual dividend payment for 10 consecutive years, including at a compound annual growth rate of 3.8% from 2014 to 2023. Its 3.1% hike in November has it on track for 2024 to mark the 11th consecutive year with an increase.

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This article These Retail REITs Offer Yields Of 3-5% And Dividend Growth originally appeared on Benzinga.com