LEASING ACTIVITY - Co executed 2.1 mln sq ft of new and renewal leases in Q2 at blended cash rent spreads of 10.4%
PORTFOLIO EXPANSION - Co started $68 mln of development and redevelopment projects and acquired shopping centers and outparcels for about $48 mln in Q2
Analyst coverage and valuation
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the commercial REITs peer group is "buy"
Wall Street's median 12-month price target for Regency Centers Corp is $85.00, about 5% above its July 28 closing price of $80.97
The stock recently traded at 33 times the next 12-month earnings vs. a P/E of 31 three months ago
REG•
