Regency Centers Corporation (REG) Highlights Resilient Retail Fundamentals and Long-Term Growth Strategy

Regency Centers Corporation (NASDAQ:REG) is one of Goldman Sachs’ top REIT stock picks. Regency Centers Corporation (NASDAQ:REG) reported strong fourth-quarter and full-year 2025 results on February 5, 2026, alongside initial 2026 guidance. Q4 net income rose to $1.09 per diluted share from $0.46 a year earlier, while full-year net income increased to $2.82 per share. The company delivered solid operating performance, with Nareit FFO of $1.17 per share in Q4 and $4.64 for the year, and Core Operating Earnings of $1.12 in Q4 and $4.41 for 2025.

Portfolio fundamentals remained healthy, highlighted by 5.3% full-year same-property NOI growth and leasing activity of 6.8 million square feet at double-digit cash rent spreads. Occupancy in the same-property portfolio improved sequentially to 96.5%. Regency was also active on the capital allocation front, starting $318 million of development and redevelopment projects in 2025 and completing $212 million, while maintaining conservative leverage of 5.1x net debt to EBITDAre and $1.4 billion of available liquidity.

Looking ahead, Regency’s 2026 outlook is mixed. While net income per share is expected to decline to $2.35–$2.39, both Nareit FFO and Core Operating Earnings are projected to grow, supported by continued development investment and portfolio strength. Same-property NOI growth is expected to moderate to 3.25%–3.75%, reflecting a more normalized growth environment after a strong 2025.

On January 31, Regency Centers expanded its footprint in Long Island with the purchase of the Mount Sinai Shopping Center. The shopping center will be rebranded as Crystal Brook Corner, affirming the company’s strategy of acquiring and developing high-quality, grocery-anchored retail properties in affluent suburbs.

The company has already allocated $15 million for the redevelopment of the property that houses Whole Foods, the Amazon grocery chain.

Regency Centers Corporation (NASDAQ:REG) is a REIT that owns and develops quality, grocery-anchored shopping centers in key suburbs, focusing on necessity retail and community needs in major US markets.

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Disclosure: None. This article is originally published at Insider Monkey.