Regency Centers Corporation (REG - Free Report) announced a new mixed-use ground-up development – Mellody Farm –in Vernon Hills, IL. This is an excellent addition to the Jacksonville, FL-based retail real estate investment trust’s (REIT) grocery-anchored community and neighborhood centers portfolio.
Anticipated to open in late 2018, the project will include around 270,000 square feet of exquisite retail space, being anchored by Whole Foods Market, Nordstrom Rack, REI and other local and regional restaurants and merchants. The project, comprising 260 luxury apartments, will be developed and owned by Focus Development and Atlantic Realty Partners.
Mellody Farm is strategically located at the busy intersections in Lake County, IL. The center is likely to be a dominant retail destination for the well-off and educated residential markets. Mellody Farm is set to transform the retail experience of the surrounding area.
Shares of Regency outperformed the Zacks categorized REIT and Equity Trust – Retail industry in the last three months. While the company’s shares declined 1.6%, the industry lost 2.5%. Its estimates for first quarter and full-year 2017 FFO per share remained unchanged in the last 30 days.
Currently, Regency carries a Zacks Rank #3 (Hold).
Investors interested in the REIT space, may consider stocks like Global Net Lease, Inc. (GNL - Free Report) , CoreSite Realty Corporation (COR - Free Report) and CorEnergy Infrastructure Trust, Inc. , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In the last 30 days, Global Net Lease’s FFO per share for first-quarter 2017 remained unchanged at 60 cents.
In the last 30 days, CoreSite Realty’s FFO per share for first-quarter 2017 remained unchanged at $1.07.
CorEnergy Infrastructure Trust’s first-quarter 2017 FFO per share estimates moved up 1.8% to $1.14, in the last 30 days.
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. All EPS numbers presented in this write up represent FFO per share.
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Regency Centers Corporation (REG - Free Report) announced a new mixed-use ground-up development – Mellody Farm –in Vernon Hills, IL. This is an excellent addition to the Jacksonville, FL-based retail real estate investment trust’s (REIT) grocery-anchored community and neighborhood centers portfolio.
Anticipated to open in late 2018, the project will include around 270,000 square feet of exquisite retail space, being anchored by Whole Foods Market, Nordstrom Rack, REI and other local and regional restaurants and merchants. The project, comprising 260 luxury apartments, will be developed and owned by Focus Development and Atlantic Realty Partners.
Mellody Farm is strategically located at the busy intersections in Lake County, IL. The center is likely to be a dominant retail destination for the well-off and educated residential markets. Mellody Farm is set to transform the retail experience of the surrounding area.
Shares of Regency outperformed the Zacks categorized REIT and Equity Trust – Retail industry in the last three months. While the company’s shares declined 1.6%, the industry lost 2.5%. Its estimates for first quarter and full-year 2017 FFO per share remained unchanged in the last 30 days.
Currently, Regency carries a Zacks Rank #3 (Hold).
Investors interested in the REIT space, may consider stocks like Global Net Lease, Inc. (GNL - Free Report) , CoreSite Realty Corporation (COR - Free Report) and CorEnergy Infrastructure Trust, Inc. , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In the last 30 days, Global Net Lease’s FFO per share for first-quarter 2017 remained unchanged at 60 cents.
In the last 30 days, CoreSite Realty’s FFO per share for first-quarter 2017 remained unchanged at $1.07.
CorEnergy Infrastructure Trust’s first-quarter 2017 FFO per share estimates moved up 1.8% to $1.14, in the last 30 days.
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. All EPS numbers presented in this write up represent FFO per share.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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