Regency Centers Corporation (NASDAQ:REG) Q2 2024 Earnings Conference Call August 2, 2024 11:00 AM ET Company Participants Christy McElroy - SVP, Capital Markets Lisa Palmer - President and CEO Alan Roth - East Region President and COO Nick Wibbenmeyer - West Region President and CIO Mike Mas - CFO Conference Call Participants Michael Goldsmith - UBS Jeff Spector - Bank of America Merrill Lynch Juan Sanabria - BMO Capital Markets Viktor Fediv - Scotiabank Craig Mailman - Citigroup Samir Khanal - Evercore IS ...

Regency Centers Corporation (REG) reported second-quarter 2024 NAREIT funds from operations (FFO) per share of $1.06, outpacing the Zacks Consensus Estimate of $1.02. The figure increased 2.9% from the prioryear quarter. Results reflect healthy leasing activity and a year-over-year improvement in the base rent. However, high interest expenses during the quarter acted as a dampener. The company also raised its 2024 outlook. Total revenues of $357.3 million increased 13.7% from the year-ago period. However, t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-12298 (Regency Centers Corporation) Commission File Number 0-24763 (Regency Centers, L.P.) REGENCY CENTERS CORPORATION REGENCY CENTERS, L.P. (Ex ...

Regency Centers (REG) came out with quarterly funds from operations (FFO) of $1.06 per share, beating the Zacks Consensus Estimate of $1.02 per share. This compares to FFO of $1.03 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 3.92%. A quarter ago, it was expected that this shopping center real estate investment trust would post FFO of $1.04 per share when it actually produced FFO of $1.08, delivering a surprise of 3.85%. Over t ...

Exhibit 99.2 Quarterly Supplemental 2nd Quarter 2024 The Shops at Stone Bridge | Cheshire, CT Countryside Shops | Miami, FL Buckhead Landing | Atlanta, GA Investor Relations irinfo@RegencyCenters.com One Independent Drive, Suite 114 Jacksonville, FL 32202 904 598 7000 RegencyCenters.com Table of Contents June 30, 2024 Safe Harbor Language i Earnings Press Release ii Summary Information: Summary Financial Information 1 Summary Real Estate Information 2 Financial Information: Consolidated Balance Sheets 3 Con ...

JACKSONVILLE, Fla., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Regency Centers Corporation ("Regency Centers", "Regency" or the "Company") (Nasdaq: REG) today reported financial and operating results for the period ended June 30, 2024 and provided updated 2024 earnings guidance. For the three months ended June 30, 2024 and 2023, Net Income Attributable to Common Shareholders was $0.54 per diluted share and $0.51 per diluted share, respectively. Second Quarter Highlights Reported Nareit FFO of $1.06 per diluted share ...

JACKSONVILLE, Fla., July 31, 2024 (GLOBE NEWSWIRE) -- Regency Centers Corporation ("Regency") announced today that its Board of Directors (the "Board") has appointed Gary E. Anderson as its newest member, effective as of August 1, 2024. Mr. Anderson recently retired from Prologis, Inc. ("Prologis"), a real estate investment trust that is a global leader in real estate logistics facility development and operation. With the addition of Mr. Anderson as an independent director, Regency will expand the size of i ...

Over the trailing four quarters, the company's FFO per share exceeded the Zacks Consensus Estimate on three occasions and met in the remaining quarter, with the average beat being 1.71%. This is depicted in the graph below: On a year-over-year basis, the national retail vacancy rate remained unchanged at 5.3% in the second quarter. The vacancy rate was steady for the third consecutive quarter and was among the lowest rates since 2007. In the last reported quarter, this Jacksonville, FL-based retail real est ...

M. Suhail/iStock Editorial via Getty Images This article was co-produced with Leo Nelissen. StockCharts The Return of Strip Malls Wells Fargo data confirms this, as retail real estate stands out with a subdued average vacancy rate close to 4%. Not only is this below its long-term average, but it also ignores the vacancy rise in other real estate segments. Even better, although some drug stores, big-box retailers, and restaurants are closing, demand is strong enough to pressure vacancy rates. Another benefit ...

Since 2014, the company has increased its dividend each year at a compound annual growth rate of 3.8%, while maintaining a conservative adjusted FFO, or AFFO, dividend payout ratio, which stood at 77.06% at the end of 2023. REG - IR REG pays a 4.32% dividend yield and is trading at a P/AFFO of 17.92x, compared to its average AFFO multiple of 22.04x. The company has been developing, acquiring, and operating shopping centers since the 1960s and has rewarded its shareholders with a steady source of cash flow f ...