02.05.2024 23:00:41 - dpa-AFX: Regency Centers Q1 Profit Rises
WASHINGTON (dpa-AFX) - Regency Centers Corporation (REG) Thursday reported
first-quarter net income of $106.4 million or $0.58 per share, compared to $97.3
million or $0.57 per share last year.
Nareit FFO for the quarter was $200.0 million or $1.08 per share, compared to
$186.5 million or $1.08 per share last year.
Core operating earnings for the quarter were $193.1 million or $1.04 per share,
compared to $177.8 million or $1.03 per share last year.
Analysts polled by Thomson Reuters expected earnings of $0.47 per share and
revenues of $358.53 million for the quarter.
Looking forward to the full year 2024, the company now expects earnings of $1.96
to $2.02 per share and Nareit FFO per share of $4.15 to $4.21. Previously, the
company expected earnings of $1.87 to $1.93 per share and Nareit FFO of $4.14 to
$4.20 per share.
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