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Mar 31, 2020
Regency Centers Q1 2020 Earnings Report
Regency Centers reported first quarter results and provided a business update related to COVID-19.
Key Takeaways
Regency Centers reported a Net Loss of ($0.15) per diluted share for the first quarter of 2020. Same property Net Operating Income declined by 0.7% compared to the same period in 2019. As of March 31, 2020, the same property portfolio was 95.0% leased.
Net Loss of ($0.15) per diluted share.
NAREIT Funds From Operations of $0.98 per diluted share.
Same property Net Operating Income declined by 0.7% compared to the same period in 2019.
As of March 31, 2020, the same property portfolio was 95.0% leased.
Regency Centers
Regency Centers
Forward Guidance
Due to the continued uncertainty and disruption from COVID-19, on March 30, 2020, the Company withdrew its 2020 guidance that had been provided on February 12, 2020. The Company will evaluate resumption of guidance in the future as the impact of COVID-19 on its tenants’ business and the Company’s business is better understood.