Regency CentersNASDAQ: REG

REG's results for the third quarter show an increase in net operating income from the same properties and higher base rents, thanks to strong leasing activity.

Regency Centers (REG) reported quarterly funds from operations (FFO) of $1.07 per share, which is higher than the Zacks Consensus Estimate of $1.04 per share. This is an increase compared to last year's FFO of $1.02 per share.

REG's earnings for the third quarter are expected to have improved due to steady grocery-related customer visits. However, slower growth in rent could have had a negative impact.

JACKSONVILLE, Fla., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Regency Centers Corporation (“Regency Centers” or the “Company”) (NASDAQ: REG) will release its earnings results for the third quarter of 2024 on Monday, October 28, 2024, after the market closes. You can find the earnings release and additional information on the Company's Investor Relations website – investors.regencycenters.com. An earnings conference call will take place on Tuesday, October 29, 2024, at 11:00 a.m. ET.

Regency Centers is a top-notch REIT with a solid portfolio and impressive performance. It owns 481 properties, mostly anchored by grocery stores, which offer reliable income and chances for growth. Additionally, its balance sheet is among the strongest I've observed in the REIT sector, showing a cautious capital structure and good liquidity.

REG's high-quality collection of grocery-anchored shopping centers, strong list of tenants, and careful plans for expansion suggest positive growth ahead.

REG's initial shopping center project in the Northern California area is expected to attract a lot of shoppers and boost sales.

Regency Centers (REG) has a strong collection of shopping centers that are focused on essential grocery stores, and their smart growth plans suggest they will continue to do well.

On August 12, 2024, Regency Centers Corporation announced that its operating partnership, Regency Centers, L.P., has set the price for a public offering of senior unsecured notes totaling $325 million, which will mature in 2035. These notes will be issued at 99.813% of their face value and have a 5.100% interest rate, with interest payments made twice a year starting January 15, 2025. The Company will ensure the payment of both the principal and interest on these notes.