Regency is scheduled to release fourth-quarter 2014 results on Feb 2. Keeping its winning streak alive, the company came up with a positive earnings surprise of 2.9% in third-quarter 2014. Higher revenue growth aided the results. Also, the increase in the 2014 outlook announced by the company in December enhanced investors' confidence in this stock. Regency primarily focuses on building a premium portfolio of grocery-anchored shopping centers that are usually necessity driven and Internet resistant in nature. Further, the presence of a cluster of leading grocers protects it from market swings. Nevertheless, though the company's recent development and redevelopment efforts bode well for the future, a significant amount of impending construction work increases its operational risks. At the same time, stiff competition limits any robust demand for its properties.
Founded in 1993, the Jacksonville, FL-based Regency Centers is one of the leading publicly traded retail real estate investment trusts (REITs) in the U.S. The company owns, manages, leases, acquires and develops grocery-anchored retail shopping centers across high-income in-fill U.S. markets.
As of Sep 30, 2014, Regency directly owned 205 shopping centers, with 23.2 million square feet of gross leasable area (GLA), positioned in 24 states. The company also enjoys partial ownership stake in 121 shopping centers through co-investment partnerships, representing 15.1 million square feet of GLA, situated in 22 states and the District of Columbia.
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