April 28 (Reuters) - Regency Centers ( REG ) maintained
its Nareit annual funds from operations (FFO) forecast on
Wednesday, betting on resilient leasing demand at its
grocery-anchored shopping centers.
Sustained demand for retail space has aided commercial REITs
like Regency Centers ( REG ), supporting leasing volumes, occupancy
rates and rental growth.
* The company's portfolio of premium shopping centers is
concentrated in affluent localities where consumers have high
spending power despite macroeconomic uncertainties.
* For the first quarter ended March 31, the company reported
FFO of $1.20, in line with analysts' estimates, according to
data compiled by LSEG.
* Regency maintained annual National Association of Real
Estate Investment Trusts (Nareit) FFO per share between $4.83
and $4.87
* It also kept its annual core operating earnings per
diluted share to range between $4.59 and $4.63.