Regency Centers: A Glimpse At The Future Of Shopping Centers

Regency Centers (NASDAQ:REG) is a large cap shopping center REIT. It has long been a strong operator but has also consistently traded at a premium to the sector, which has largely kept us uninterested in the name. However, a bumper 2nd quarter report caught our attention so we are adding REG to our coverage. Shopping centers, as a sector, have had multiple strong quarters in a row on the leasing front. New leases are consistently being signed well above expiring rent, but it hasn’t really translated to part ...