Regency Centers Secures A- Credit Rating With Stable Outlook From S&P

Regency Centers REG recently announced that S&P Global Ratings (“S&P”) raised its credit ratings to ‘A-’ with a stable outlook.In its public announcement, S&P stated “Regency Centers has continued demonstrating solid operating performance and financial metric strength, with support from its high quality, grocery-anchored portfolio and healthy retail fundamentals.”Regency Centers' rating is a testament to its long-term track record of cash flow growth and balance sheet strength, which have enabled the company’s stakeholders to create value and provide stability through cycles.REG: In a NutshellRegency Centers is well-poised to gain from its strategically located portfolio of premium shopping centers concentrated in affluent suburban areas and near urban trade areas. Its focus on grocery-anchored shopping centers ensures dependable traffic. The company is witnessing solid demand for its centers amid a healthy retail real estate environment, driving leasing activity, occupancy levels and rent growth.The S&P rating marks its solid creditworthiness and will render it favorable access to the debt market. With a healthy financial footing, REG is well-positioned to capitalize on long-term growth opportunities.Q4 2024 ResultsThis month, Regency Centers reported better-than-expected fourth-quarter 2024 results. It reported NAREIT funds from operations (FFO) per share of $1.09, surpassing the Zacks Consensus Estimate of $1.07. The figure grew 6.9% from the year-ago quarter’s tally. Results reflected healthy leasing activity. It witnessed a year-over-year improvement in the same property net operating income and base rents.REG’s Zacks RankShares of this Zacks Rank #2 (Buy) company have gained 6.9% in the past six months compared with the industry’s growth of 3%. Image Source: Zacks Investment Research Other Stocks to ConsiderSome other top-ranked stocks from the retail REIT sector are Essential Properties Realty Trust EPRT and Tanger, Inc. SKT, each carrying a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The Zacks Consensus Estimate for Essential Properties Realty’s 2025 FFO per share of $1.89 indicates a 8.6% increase year over year.The Zacks Consensus Estimate for Tanger’s 2025 FFO per share is pegged at $2.25, which suggests 5.6% year-over-year growth.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 Tanger Inc. (SKT): Free Stock Analysis Report Essential Properties Realty Trust, Inc. (EPRT): 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