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Regency Centers Corp - Stock Quote REG

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Morningstar's Regency Centers Corp Stock Analysis

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Grocery-Anchored Shopping Centers Continue to Drive Solid Growth for Regency

Kevin Brown, CFA Equity Analyst

Business Strategy and Outlook

| Kevin Brown, CFA |

Regency Centers is the largest shopping center REIT, with 405 properties spread across more than 20 major U.S. metropolitan areas. Regency's portfolio is filled with high-quality assets located in population-dense, affluent markets. The company focuses on owning grocery-anchored centers, with over 80% of properties featuring a grocery anchor and grocery stores representing slightly more than 20% of annual base rent. Regency's grocery anchors are strong draws to the centers as they produce sales per square foot well above the national average and are very healthy with low occupancy costs. The rest of the portfolio contains a substantial number of service-oriented tenants that are naturally resistant to e-commerce pressures.

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Regency Centers Corp's Company Profile

Business Description

Regency Centers is the largest shopping center-focused retail REIT. The company's portfolio includes an interest in 405 properties, which includes nearly 55 million square feet of retail space. The portfolio is geographically diversified with 22 regional offices and no single market representing more than 14% of total company net operating income. Regency's retail portfolio is primarily composed of grocery-anchored centers, with 80% of properties featuring a grocery anchor and grocery stores representing 20% of annual base rent.

Contact
One Independent Drive, Suite 114
Jacksonville, FL, 32202-5019
T +1 904 598-7000
Sector Real Estate
Industry REIT - Retail
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Hard Assets
Employees 432

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