Brixmor, Phillips Edison, Regency Centers snag Buy ratings at Deutsche (NYSE:BRX)

Deutsche Bank analyst Omotayo Okusanya started coverage of shopping center REITs Brixmor Property Group (NYSE:BRX), Phillips Edison & Company (NASDAQ:PECO) and Regency Centers (NASDAQ:REG) with Buy ratings, according to a note released earlier this week.

A combination of robust retailer demand and ongoing limited supply “suggests we should continue to see strong rent growth and solid mark to market with more upside for names in more suburban as well as Sunbelt locations,” Okusanya wrote, specifically pointing to PECO and BRX.

And, given its strong rent growth and occupancy gains, REG’s portfolio “should drive [same-store net operating income] growth at the higher end of the shopping center REIT sector average,” the Monday note said.

SA’s Peer tab compares numerous metrics of the aforementioned retail REITs.