US Retail and Food Services Sales Growth Update
Anchor Tenants' Sales Remain Healthy Compared Against
Higher Sales in 2020
Giant
Sales
4.8% y-o-y¹
Contributing
9.0% of rental²
Ahold Delhaize: Despite the unfavorable weather, U.S. comparable sales
excluding gas grew 4.8% y-o-y in 4Q 2021 and 16.0% on a two-year
comparable basis. Online sales were up 30.5%, driven by the continued
expansion of click-and-collect facilities and acquisition. In 2021, 270 new
click-and-collect locations were added, and by the end of 2021, there are a
total of 1,386 click & collect locations in the U.S.1
Walmart
Sales
5.6% y-o-y¹
Contributing
4.9% of rental²
Walmart: U.S. comparable sales grew 5.6% in 4Q and 14.2% on a
two-year stack basis, due to strong underlying trends, led by in-store
traffic and robust consumer spending. Ecommerce sales increased 1.0%
against strong gains last year, resulting in a 70.0% two-year stack.1
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THE HOME DEPOT
Sales
7.6% y-o-y¹
Contributing
4.1% of rental²
The Home Depot: The world's largest home improvement retailer reported a
7.6% and 10.7% growth in U.S. comparable sales in 4Q 2021 and FY 2021
respectively. Digital sales grew approximately 6.0% yoy in 4Q 2021 and
around 55.0% of the FY2021 online orders were fulfilled by the stores¹
1. Extracted from respective companies' latest results releases.
2. Based on base rental income of Grocery & Necessity Properties for the month of December 2021.
LOWE'S
Sales
2.6% y-o-y¹
Contributing
5.9% of rental²
Lowe's: U.S. comparable sales increased 2.6% y-o-y in 3Q 2021, and
ecommerce sales increased 25.0% y-o-y¹
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