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Article: Regency Centers a Near-Term Buy - Analyst Blog
- Article from:
- Zacks Investment Research - Analyst Blog
- Article date:
- September 26, 2008
- Author:
CopyrightCopyright 2008 Zacks Investment Research. (Hide copyright information)
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Regency Centers a Near-Term Buy - Analyst Blog
Jacksonville, Florida-based
Regency Centers Corporation
(
REG
), a self-administered and self-managed real estate investment trust (REIT), is one of the leading owners, operators, and developers of grocery-anchored retail shopping centers in the U.S. Operations are holding up reasonably well and the company continues to increase rents as leases roll while maintaining high overall portfolio occupancy.
Clearly, retail-focused REITs will face a much more difficult operating environment in the coming quarters. Consumer spending patterns are weakening across the country and large chains are curtailing expansion ...