Regency Centers(REG)

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Regency Centers Reports Fourth Quarter and Full Year 2024 Results
GlobeNewswire· 2025-02-06 21:15
Core Insights - Regency Centers Corporation reported a slight decrease in net income attributable to common shareholders for Q4 2024, with earnings of $0.46 per diluted share compared to $0.47 in Q4 2023 [1][6] - For the full year 2024, net income attributable to common shareholders increased to $2.11 per diluted share from $2.04 in 2023 [1][6] - The company provided initial earnings guidance for 2025, projecting net income per diluted share between $2.25 and $2.31 [14][15] Financial Results - Reported Nareit FFO for Q4 2024 was $1.09 per diluted share, up from $1.02 in Q4 2023, and for the full year, it increased to $4.30 from $4.15 [5][11] - Core Operating Earnings for Q4 2024 were $1.04 per diluted share, compared to $0.99 in Q4 2023, with full-year earnings rising to $4.13 from $3.95 [5][11] - Same Property NOI increased by 4.0% year-over-year for Q4 2024 and by 3.6% for the full year, excluding lease termination fees [5][11][24] Portfolio Performance - The occupancy rate reached a record high of 96.7%, with a year-over-year increase of 100 basis points [5][11] - The company executed 8.1 million square feet of comparable new and renewal leases in 2024, achieving blended rent spreads of +9.5% on a cash basis [5][11] - Same Property shop percent leased increased to 94.1%, reflecting a 60 basis point year-over-year improvement [5][11] Capital Allocation and Balance Sheet - Regency started over $35 million in new development and redevelopment projects in Q4 2024, totaling $258 million for the year [5][11] - The company raised $100 million of common stock through its ATM program at an average price of $74.66 per share [5][11] - As of December 31, 2024, Regency's pro-rata net debt and preferred stock to operating EBITDAre was 5.2x [5][11] Acquisitions and Dispositions - In Q4 2024, Regency acquired University Commons in Austin, Texas, for approximately $14 million [16] - The company disposed of two small office buildings in Greenwich, Connecticut, for about $5 million [16] - Subsequent to year-end, Regency acquired its partner's interest in Putnam Plaza for approximately $10 million [16] Dividend Information - On February 4, 2025, the Board declared a quarterly cash dividend of $0.705 per share, payable on April 2, 2025 [16] - The Board also declared dividends on Series A and Series B preferred stock, payable on April 30, 2025 [16]
Regency Centers to Post Q4 Earnings: What's in Store for the Stock?
ZACKS· 2025-02-03 17:45
Regency Centers Corp. (REG) is slated to report fourth-quarter and full-year 2024 results on Feb. 6, after the closing bell. The company’s quarterly results are likely to display year-over-year growth in revenues and funds from operations (FFO) per share.See the Zacks Earnings Calendar to stay ahead of market-making news.In the last reported quarter, this Jacksonville, FL-based retail real estate investment trust (REIT) reported NAREIT FFO per share of $1.07, outpacing the Zacks Consensus Estimate of $1.04. ...
Regency Centers Announces Tax Information for Regency Centers 2024 Distributions
GlobeNewswire· 2025-01-21 21:15
JACKSONVILLE, Fla., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Regency Centers Corporation (“Regency Centers” or the “Company”) (Nasdaq:REG) today announced the federal income tax treatment of its 2024 distributions to holders of its Common and Preferred stock. Regency Centers Corporation: Common Stock: Symbol REG CUSIP #: 758849103Record DatePayable DateTotal Distribution Per ShareDistribution Allocated to 2024Total Ordinary DividendsQualified Dividends (Included in Total Ordinary Div)Section 199A Dividends(1)Total ...
Regency Centers Stock Up 12.6% in 6 Months: Will It Continue to Rise?
ZACKS· 2025-01-10 13:45
Shares of Regency Centers (REG) have rallied 12.6% in the past six months, outperforming the industry's growth of 10.5%.REG is well-poised to gain from its strategically located portfolio of grocery-anchored premium shopping centers and the presence of leading grocers in its tenant roster. Strategic buyouts and an encouraging development pipeline bode well for long-term growth. A healthy balance sheet aids financial flexibility.Analysts seem bullish about this Zacks Rank #2 (Buy) company, with the Zacks Con ...
Regency Centers Invites You to Join Its Fourth Quarter 2024 Earnings Conference Call
GlobeNewswire· 2025-01-06 21:15
JACKSONVILLE, Fla., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Regency Centers Corporation (“Regency Centers” or the “Company”) (NASDAQ: REG) will announce its fourth quarter 2024 earnings results on Thursday, February 6, 2025, after the market closes. The Company’s earnings release and supplemental information package will be posted on the Investor Relations section of the Company’s website – investors.regencycenters.com. The Company will host an earnings conference call on Friday, February 7, 2025, at 11:00 a.m. E ...
Here's What Makes Regency Centers Stock an Apt Portfolio Pick
ZACKS· 2024-11-22 16:45
With healthy retail demand and subdued construction activity continuing to drive the recovery in the retail real estate industry, Regency Centers Corp. (REG) seems well-poised to benefit from its portfolio of premium open-air shopping centers. Also, its focus on building a high-quality portfolio of grocery-anchored shopping centers and encouraging development pipeline bode well.Late in October, Regency reported third-quarter 2024 NAREIT funds from operations (FFO) per share of $1.07, outpacing the Zacks Con ...
Regency Rewards Investors With 5.2% Dividend Hike: Is It Sustainable?
ZACKS· 2024-11-08 16:55
Delighting its shareholders, Regency Centers Corporation (REG) has announced a 5.2% increase in its quarterly common stock dividend to 70.5 cents. This marks its 11th successive year of increases. The increased amount will be paid out on Jan. 3, 2025 to shareholders on record as of Dec. 16, 2024.Reflecting positive sentiments, shares of Regency were up more than 1% during yesterday’s trading session.The latest dividend rate marks an annualized amount of $2.82 per share compared with the prior rate of $2.68. ...
Regency Centers(REG) - 2024 Q3 - Quarterly Report
2024-11-01 19:41
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 September 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 ...
Regency Centers(REG) - 2024 Q3 - Earnings Call Transcript
2024-10-29 19:37
Regency Centers Corporation (NASDAQ:REG) Q3 2024 Earnings Conference Call October 29, 2024 11:00 AM ET Company Participants Christy McElroy - Senior Vice President of Capital Markets Lisa Palmer - President and Chief Executive Officer Alan Roth - East Region President and Chief Operating Officer Nick Wibbenmeyer - West Region President and Chief Investment Officer Mike Mas - Chief Financial Officer Conference Call Participants Andrew Reale - Bank of America Merrill Lynch Michael Goldsmith - UBS Craig Mailma ...
Regency Centers(REG) - 2024 Q3 - Earnings Call Presentation
2024-10-29 18:11
3Q24 Earnings Presentation October 2024 Countryside Shops | Miami FL Safe Harbor and Non-GAAP Disclosures Forward-Looking Statements | --- | --- ...