Regency Centers Q2 2020 Earnings Report
Key Takeaways
Regency Centers reported a Net Income of $19.0 million, or $0.11 per diluted share, and NAREIT FFO of $104.7 million, or $0.61 per diluted share, for the second quarter of 2020. The company's properties have remained open during the pandemic, with approximately 95% of tenants open as of the end of July. 72% of second quarter pro-rata base rent was collected through July 31, 2020 (77% when including executed rent deferral agreements).
Net Income Attributable to Common Stockholders of $0.11 per diluted share.
NAREIT Funds From Operations of $0.61 per diluted share.
Same property Net Operating Income, excluding termination fees, declined by 20.1%.
As of June 30, 2020, the same property portfolio was 94.5% leased.
Regency Centers
Regency Centers
Forward Guidance
Due to the uncertainty and continuing disruption from COVID-19, the Company is not issuing guidance at this time, but will evaluate resumption of guidance in the future as the impact of COVID-19 on its tenants’ and the Company’s businesses is better understood.