Regency Centers Corp

REG

Equity

ISIN US7588491032 / Valor 1188868

NASDAQ (2024-12-24)

USD 74.50+1.02%

Regency Centers Corp
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About company

Regency Centers Corp is a prominent company that owns, operates, and develops shopping centers in suburban trade areas with strong demographics. The company focuses on creating attractive retail spaces for tenants and customers alike. With a national presence, Regency Centers Corp is known for its strategic approach to real estate development and management in order to provide a successful shopping experience for all parties involved.

Summarized from source with an LLMView SourceSector: Finance

Net Income Growth

In the third quarter of 2024, Regency Centers Corp reported a Net Income Attributable to Common Shareholders of $98.1 million, or $0.54 per diluted share. This marks an increase from the $89.1 million, or $0.50 per diluted share, reported in the same period of 2023.

Nareit FFO Increase

Regency Centers Corp's Nareit Funds From Operations (FFO) for the third quarter of 2024 was $195.1 million, or $1.07 per diluted share. This is an improvement from the $182.8 million, or $1.02 per diluted share, recorded in the third quarter of 2023.

Core Operating Earnings

For the third quarter of 2024, Regency Centers Corp achieved Core Operating Earnings of $187.8 million, or $1.03 per diluted share. This represents an increase from the $174.0 million, or $0.97 per diluted share, reported in the same quarter of the previous year.

Same Property NOI Growth

Regency Centers Corp reported a 4.9% year-over-year increase in Same Property Net Operating Income (NOI) for the third quarter of 2024, excluding lease termination fees and the collection of receivables reserved during 2020 and 2021.

Updated 2024 Guidance

Regency Centers Corp has raised its 2024 guidance, projecting Nareit FFO per diluted share to be in the range of $4.27 to $4.29 and Core Operating Earnings per diluted share to be between $4.12 and $4.14. This updated guidance reflects the company's strong performance and growth expectations.

Summarized from source with an LLMView Source

Key figures

11.8%1Y

2.25%3Y

20.4%5Y

Performance

17.7%1Y

24.2%3Y

37.4%5Y

Volatility