Regency Centers Boosts Portfolio With Nashville Property Acquisition

Regency Centers REG recently announced the acquisition of Brentwood Place Shopping Center, a premier retail destination in Brentwood, TN. The move aligns with REG’s efforts to improve its portfolio quality with investments in high-growth markets like Nashville.Spanning around 320,000 square feet (SF), with 100,000 SF of shops, Brentwood Place features some top-tier anchors, like Nordstrom Rack, Total Wine, TJ Maxx/HomeGoods, and Golf Galaxy under its roof. The center is 95% leased with a mix of national, regional and local retailers with opportunities for value-add through lease-up and remerchandising.The center is located close to Downtown Nashville and adjacent to the future 350,000 SF Vanderbilt Medical Campus. Due to its strategic location and dynamic offerings, it is a major attraction to shoppers with 4.3 million annual visitors at present. Regency aims to actively manage this acquired property through its know-how, experience and expertise.REG in a NutshellRegency’s premium shopping centers are situated in affluent suburban areas and near the urban trade areas where consumers have high spending power, enabling the company to attract top grocers and retailers.The retail REIT is making efforts to improve its portfolio with acquisitions and developments in key markets. In 2024, Regency acquired properties for a total value of $92 million at the company’s share. The acquisition of Brentwood Place is an addition to this effect.Shares of Regency have fallen 1% in the past six months compared with the industry's 6.6% decline. Analysts seem bullish on this Jacksonville, FL-based Zacks Rank #2 (Buy) company. The Zacks Consensus Estimate for its 2025 FFO per share indicates a favorable outlook as it has moved marginally upward over the past month to $4.54.Image Source: Zacks Investment ResearchOther Stocks to ConsiderSome other top-ranked stocks from the REIT sector are SBA Communications SBAC and Tanger Inc. SKT, each carrying a Zacks Rank of 2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The Zacks Consensus Estimate for SBA Communications’ 2025 FFO per share has been moved marginally northward to $12.91 over the past two months.The consensus estimate for Tanger’s ongoing year’s FFO per share has been moved upward by 1.3% to $2.26 over the past month.Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) — a widely used metric to gauge the performance of REITs.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Regency Centers Corporation (REG): Free Stock Analysis Report SBA Communications Corporation (SBAC): Free Stock Analysis Report Tanger Inc. (SKT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks