Valued at a market cap of $13.1 billion, Regency Centers Corporation (REG) is a real estate company that owns, operates, and develops shopping centers in suburban areas. The Jacksonville, Florida-based company’s portfolio features properties anchored by grocers, restaurants, service providers, and retailers.
Shares of this retail REIT have outpaced the broader market over the past 52 weeks. REG has rallied 20.8% over this time frame, while the broader S&P 500 Index ($SPX) has gained 12.3%. However, on a YTD basis, the stock is down 2.3%, lagging behind SPX’s marginal rise.
