July 29 (Reuters) - Regency Centers ( REG ) raised its

forecast for full-year funds from operations (FFO) and profit on

Tuesday, aided by rising rental rates and resilient leasing

demand at its grocery-anchored shopping centers.

Real Estate Investment Trusts (REITs), including Regency

Centers ( REG ), have benefited from steady tenant demand amid limited

new retail space developments.

Regency's portfolio of shopping centers in affluent

localities has ensured resilience in consumer spending despite

macroeconomic uncertainties, including fluctuating tariffs under

President Donald Trump, according to analysts.

The company's assets include properties leased to major

grocers, including Kroger ( KR ) and Amazon's Whole

Foods, as well as retailers such as TJX, Kohl's,

Ulta Beauty ( ULTA ) and Target ( TGT ).

Regency now expects 2025 National Association of Real Estate

Investment Trusts (Nareit) FFO per share between $4.59 and

$4.63, up from its previous range of $4.52 to $4.58 per share.

Annual core operating earnings per diluted share is now

expected between $4.36 and $4.40, compared with its prior

forecast of $4.30 to $4.36 per share.

For the second quarter ended June 30, the company reported

FFO of $1.16 per share, narrowly above the analysts' average

estimate of $1.12 per share, according to data compiled by LSEG.

Shares of the company were up about 2% in after-market

trading.