JACKSONVILLE, FL—Based on a recent meeting in Europe withexecutives from retail REIT Regency Centers Corp.,analysts with RBC Capital Markets LLC say thecompany is well positioned to drive substantial cash flow and Fundsfrom Operations share growth over the next five years.

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RBC in its analysis says that it believes Regency shares to be“very attractive vs. those of the company's peer group over thenext 12 months.”

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Some of the key factors behind its outperform rating include thefact that the sale of non-core assets is essentially complete.“This pivot away from the dilutive sale of slow growth assetspositions the company for strong and stable cash flow over thecoming years,” RBC analysts state in their report.

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They add that Regency Centers' management is looking forsustained same store NOI growth rate of more than 3% on theremaining portfolio, which is above the shopping center average.RBC Capital Markets also says that Regency will remain a leader onthe development front in starts and deliveries over the nextseveral years.

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In addition, RBC Capital Markets praises Regency on itsgreen-oriented initiatives. “An early focus on sustainability couldposition the company for ultimate green mandates. Regency appearswell prepared as sustainability measures likely become required bytenants, consumers and even regulatory agencies,” RBC analysts sayin the report.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.