AllAnalyst Report
logoMorningstarSeptember 03, 2020

Regency Centers Corporation: Grocery-Anchored Centers Should Support Regency Centers During Period of Retail Turmoil

Symbols
REG
Sector(s)
Real Estate
Rating
Current Price
$70.02
Fair Value
Economic Moat
Stewardship
Summary

Regency Centers is the largest shopping center-focused retail REIT. The company's portfolio includes an interest in 415 properties, which includes 56 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 NOI. 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.

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Analyst Profile

Kevin Brown

Equity Analyst
Kevin Brown is an equity analyst on the finance team for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers apartment, healthcare, and hotel REITs and real estate service companies in the United States.Before joining Morningstar in 2018, Brown worked at an asset-management company focused on global real estate, spending nine years covering healthcare and hotel REITs.Brown holds a bachelor’s degree in economics from Dartmouth College. He also holds the Chartered Financial Analyst® designation.