High-Quality, Grocery-Anchored Shopping Centers Continue to Produce Steady Revenue for Regency
Regency Centers is one of the largest shopping center REITs, with 482 properties spread across more than 20 major US metro areas following the completion of the Urstadt Biddle acquisition in August 2023. Regency's portfolio is filled with high-quality assets located in population-dense, affluent markets. The company focuses on owning grocery-anchored centers, with over 80% of properties featuring a grocery anchor and grocery stores representing slightly more than 20% of annual base rent. Regency's grocery anchors are strong draws to the centers as they produce sales per square foot well above the national average and are very healthy with low occupancy costs. The rest of the portfolio contains a substantial number of service-oriented tenants that are naturally resistant to e-commerce pressures.
United States