02.11.2023 22:15:08 - dpa-AFX: Regency Centers Reports Q3 Results
WASHINGTON (dpa-AFX) - Regency Centers Corporation (REG) on Thursday
announced third-quarter Nareit funds from operations that increased from last
year and revised its Nareit FFO earnings for the full year.
The company reported a net income of $89.1 million or $0.50 per share for the
quarter, an increase from last year's profit of $87.6 million or $0.51 per
share.
Nareit funds from operations were $182.8 million or $1.02 per share, compared to
$174.2 million or $1.01 per share the prior year.
Analysts on average had expected the company to earn $0.47 per share, according
to figures compiled by Thomson Reuters.
The company revised its forecast for the entire year, now expecting Nareit funds
from operations between $4.13 to $4.15 per share, while the previous guidance
was between $4.11 to $4.15 per share.
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