Funtap Regency Centers Corporation (NASDAQ:REG), incorporated in 1963 and headquartered in Jacksonville, FL, acquires, develops, owns, leases, and operates shopping centers mainly located in suburban markets throughout the country. While this REIT is one of the best retail ones from a balance sheet, portfolio, and performance perspective, it is one of the most expensive ones too. In fact, the very good prospects driven by an overly positive market outlook cannot justify the current valuation in my view. How ...