Regency Centers: Ongoing FFO Growth Can Lift Shares If Interest Rates Stop Rising
REGRegency Centers(REG) Seeking Alpha·2024-06-05 22:04
Allkindza Shares of Regency Centers (NASDAQ:REG) have been an underperformer over the past year as elevated interest rates have weighed on real estate stocks. I last covered REG in January, rating shares a “buy,” but performance has been disappointing with the stock losing 7% while the market has rallied by 11%. Interestingly, the current FFO analyst estimate of $4.18 is slightly above my $4.15 forecast, meaning underperformance has been driven by multiple compression rather than poor operating results. ...