Regency Centers: Stability And Profitability Through Preferred Shares

Summary

  • Regency Centers Corporation boasts strong credit ratings (A3/A-) and a robust balance sheet, with 80% of its portfolio in grocery-anchored centers.
  • REG’s preferred stocks, REGCO and REGCP, offer yields 0.5% higher than peers, presenting an attractive risk/reward profile for income-focused investors.
  • Despite being unrated, REG’s preferreds have credit quality comparable to sector benchmarks like ADC, PSA, and FRT, supporting their investment appeal.
  • Investors can benefit from both higher income and potential price appreciation if the market further recognizes REG’s strong credit fundamentals.

REIT symbol. Real Estate Investment Trust, Real Estate Investment Trusts with miniature houses Investment concept. copy space, business background

Andrzej Rostek

Today, we will return to a company we've already reviewed - a REIT with a very good credit rating. It's Regency Centers Corporation (NASDAQ:REG), which has an "A3" rating from Moody's and an "A-" from S&P. We'll look at its

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of REGCP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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SymbolLast Price% Chg
REG
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REGCO
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REGCP
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