Regency Centers (NASDAQ:REG) reported strong Q2 results with 7.4% same-store NOI growth and 9.4% FFO/share growth, outpacing sector peers. The company's leasing performance, characterized by strong new lease signings, minimal tenant renewal options, and quicker lease commencements, has translated into real-time growth. Despite operating at 96%+ occupancy and a robust portfolio of over 57 million square feet across the U.S., REG trades at a premium to peers with a forward AFFO multiple of 18.9X and 95% of net asset value. Analysts note that while REG's leasing mechanics are superior—particularly due to the absence of onerous renewal options and lower Signed-Not-Occupied (SNO) leases—its stock has underperformed over the past decade, rising only 15% in 10 years. The sector-wide leasing challenges, especially from legacy leases with favorable renewal options, are slowing growth for other REITs like Brixmor (BRX), which has higher SNO leases and weaker same-store growth. Regency is seen as a bellwether for future sector performance, though investors are advised to prefer cheaper peers with similar long-term growth potential.

The article highlights three real estate investment trusts (REITs) offering dividend yields above 4%: Agree Realty (ADC), Mid-America Apartment Communities (MAA), and CubeSmart (CUBE). Each company is described in terms of its real estate focus, financial performance, dividend history, and geographic presence. Agree Realty reported strong first-quarter results with increased net income and dividend growth, operating 2,422 properties across the Midwest and Southeast U.S. Mid-America Apartment Communities reported a slight decline in same-store income but reaffirmed its FFO guidance and maintains a 14-year dividend increase streak. CubeSmart reported a 6.1% year-over-year revenue growth, despite a slight drop in same-store occupancy, and has maintained a 15-year dividend increase streak. All three REITs are noted for their consistent dividend payouts and high yields, making them attractive for passive income investors.

The article highlights three real estate investment trusts (REITs) offering dividend yields above 4%: Agree Realty (ADC), Mid-America Apartment Communities (MAA), and CubeSmart (CUBE). Each company is described in terms of its real estate portfolio, financial performance, dividend history, and growth metrics. Agree Realty reported strong first-quarter results with increased net income and funds from operations, raised its dividend by 2.4% to $0.256 per share, and maintains a 4.2% yield. Mid-America Apartment Communities reported a slight decline in same-store net operating income and core FFO per share, but reaffirmed its guidance and maintains a 4.4% yield. CubeSmart reported a 6.1% year-over-year revenue increase, with same-store revenues declining slightly due to occupancy drops and higher operating expenses, yet achieved a 8.8% average annual FFO/share growth over the past decade and currently offers a 5.4% yield. All three REITs have increased dividends for 13, 14, and 15 consecutive years, respectively, making them attractive for investors seeking passive income from real estate.

Whitestone REIT (WSR) reported strong financial performance in Q2 2025, including a 5.4% year-over-year increase in core funds from operations (FFO) per share and a 100 basis point rise in occupancy to 93.9%. The company highlighted strategic acquisitions in Austin and Fort Worth, consistent leasing spreads exceeding 17%, and improved debt-to-EBITDAre ratio. Challenges like increased interest expenses and timing imbalances in acquisitions/dispositions were noted, but the company reaffirmed its growth outlook for 2025.

Whitestone REIT (NYSE:WSR) reported a 5.4% year-over-year increase in core FFO per share, driven by strong occupancy growth, strategic acquisitions, and disciplined capital management. The company achieved a 100 basis point sequential increase in occupancy to 93.9%, with $153 million in acquisitions and $126 million in dispositions since Q4 2022. While facing challenges like elevated interest expenses and high debt-to-EBITDA ratios, the REIT reaffirmed its 2025 guidance and highlighted opportunities in high-growth markets.