Regency Centers Corporation (REG) has agreed to acquire Equity One, Inc. (EQY) for around $5 billion. The combined entity is set to become the largest REIT by equity value in the shopping center index.
By Doc Mike:Realty Income (O) has been considered a cult income security for years. Safe net-leased portfolio of real estate, continuously increasing monthly dividend, attractive dividend yield and astute management are just some of the features that draw investors' attention. However, there is a virtually not-followed challenger to Realty Income. It is called Gazit-Globe (GZT). Quietly, Gazit amassed a portfolio of high-quality, recession-resilient real estate in several global markets, living up to its name. Gazit also pays a dividend and has very capable management. You can read my detailed analysis of Gazit-Globe as well. Today, Gazit-Globe will challenge Realty Income for the status of the cult income security. We will compare the two on multiple relevant metrics: portfolio quality, dividend, current FFO yield, corporate structure, management and growth prospects. We will determine the winner in each category and then draw an actionable conclusion. Portfolio quality: Realty Income: The company acquires Complete Story »