Regency Centers remains a solid hold, offering predictable and growing income, but lacks the upside to warrant a buy rating at current levels. Record leased rates and strong occupancy drive healthy FFO growth, though future growth is expected to decelerate as occupancy gains normalize. The company's high-quality, grocery-anchored portfolio and robust balance sheet underpin a secure 3.9% dividend yield, with room for moderate dividend growth.
Regency Centers Corporation (NASDAQ:REG ) Q1 2025 Earnings Conference Call April 30, 2025 11:00 AM ET Company Participants Christy McElroy - Senior Vice President of Capital Markets Lisa Palmer - President and Chief Executive Officer Alan Roth - East Region President and Chief Operating Officer Nick Wibbenmeyer - West Region President and Chief Investment Officer Mike Mas - Chief Financial Officer Conference Call Participants Michael Goldsmith - UBS Samir Khanal - Bank of America Craig Mailman - Citi Todd Thomas - KeyBanc Capital Markets Ronald Kamdem - Morgan Stanley Juan Sanabria - BMO Capital Markets Michael Griffin - Evercore ISI Greg McGinnis - Scotiabank Jamie Feldman - Wells Fargo Haendel St. Juste - Mizuho Ki Bin Kim - Truist Securities Michael Gorman – BTIG Floris Van Dijkum - Compass Point Paulina Rojas - Green Street Michael Mueller - JPMorgan Linda Tsai - Jefferies Operator Greetings and welcome to Regency Centers Corporation First Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode.
REG's Q1 results reflect healthy leasing activity, which aids same-property NOI and base rent increase.
Regency Centers (REG) came out with quarterly funds from operations (FFO) of $1.15 per share, beating the Zacks Consensus Estimate of $1.14 per share. This compares to FFO of $1.08 per share a year ago.
REG's Q1 earnings are likely to have benefited from the dependable necessity-driven grocery-anchored traffic. However, high interest expenses might have hurt.
REG to gain from premium portfolio of grocery-anchored shopping centers, strategic buyouts and a solid balance sheet. Growing e-commerce adoption is a concern.
We are reconsidering REIT preferred stocks due to improved spreads, focusing on safe options with yields above 6.5%, starting with Regency Centers Corporation. Regency Centers, a leader in managing shopping centers, has a solid credit rating (A3 by Moody's, A by S&P) and strong financial metrics. REG's preferred stocks, REGCO and REGCP, offer attractive yields (6.69% and 6.70%) and are rated Baa2, despite lacking formal credit ratings.
In a bid to expand its portfolio, REG acquires a premier retail destination in the high-growth market of Nashville.
REG's premium portfolio of necessity-driven grocery-anchored shopping centers and strategic expansion augur well for growth.
In a positive development, REG has achieved an 'A-' credit rating from S&P based on its operational excellence and financial discipline.
Does Regency Centers (REG) have what it takes to be a top stock pick for momentum investors? Let's find out.
Regency Centers (REG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.