Regency Centers (REG) Gives Guidance for 2010

Their guidance is for a drop in same store NOI of 1% to 4% in 2010.

They are finding that "failures, closings and move-outs continue at high levels," and that "lenders and CMBS servicing agents are kicking can down the road.”

Please read about my REG/REG-E pair trade if you haven't already.