July 29 (Reuters) - Regency Centers REG.O raised its forecast for full-year funds from operations (FFO) and profit on Tuesday, aided by rising rental rates and resilient leasing demand at its grocery-anchored shopping centers.

Real Estate Investment Trusts (REITs), including Regency Centers, have benefited from steady tenant demand amid limited new retail space developments.

Regency's portfolio of shopping centers in affluent localities has ensured resilience in consumer spending despite macroeconomic uncertainties, including fluctuating tariffs under President Donald Trump, according to analysts.

The company's assets include properties leased to major grocers, including Kroger KR.N and Amazon's AMZN.O Whole Foods, as well as retailers such as TJX TJX.N, Kohl's KSS.N, Ulta Beauty ULTA.O and Target TGT.N.

Regency now expects 2025 National Association of Real Estate Investment Trusts (Nareit) FFO per share between $4.59 and $4.63, up from its previous range of $4.52 to $4.58 per share.

Annual core operating earnings per diluted share is now expected between $4.36 and $4.40, compared with its prior forecast of $4.30 to $4.36 per share.

For the second quarter ended June 30, the company reported FFO of $1.16 per share, narrowly above the analysts' average estimate of $1.12 per share, according to data compiled by LSEG.

Shares of the company were up about 2% in after-market trading.

(Reporting by Neil J Kanatt in Bengaluru; Editing by Mohammed Safi Shamsi)

((Neil.JKanatt@thomsonreuters.com;))