In a report released yesterday, Ki Bin Kim from Truist Financial maintained a Buy rating on Regency Centers (REG – Research Report), with a price target of $77.00.
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Ki Bin Kim has given his Buy rating due to a combination of factors relating to Regency Centers’ strong financial performance and promising growth outlook. The company’s 2025 NAREIT FFO/share guidance surpassed both consensus and Kim’s own estimates, indicating a robust year-over-year growth that was better than anticipated. This positive surprise was largely attributed to stronger than expected collections and a significant decline in general and administrative expenses.
Additionally, Regency Centers demonstrated solid operational metrics with a notable increase in same-store occupancy and impressive growth in same-store net operating income. The company also reported strong renewal spreads and blended leasing rates, which further bolster its financial health and future prospects. These elements collectively form the foundation of Ki Bin Kim’s optimistic assessment of Regency Centers, justifying the Buy rating on its stock.
Bin Kim covers the Real Estate sector, focusing on stocks such as Prologis, Americold Realty, and Eastgroup Properties. According to TipRanks, Bin Kim has an average return of 9.3% and a 63.17% success rate on recommended stocks.
In another report released today, BMO Capital also maintained a Buy rating on the stock with a $82.00 price target.