Regency Centers Q2 2022 Earnings Report
Key Takeaways
Regency Centers reported solid second-quarter results, with Net Income of $0.61 per diluted share and Nareit FFO of $1.00 per diluted share. The company raised its full-year guidance and highlighted its ESG achievements. Same Property NOI excluding lease termination fees and prior year collections increased by 3.1%.
Reported Nareit FFO of $1.00 per diluted share and Core Operating Earnings of $0.94 per diluted share for the second quarter
Raised 2022 Nareit FFO guidance to a range of $3.92 to $3.96 per diluted share
Reported that Same Property NOI excluding lease termination fees and prior year collections increased 3.1% during the second quarter over the same period a year ago
Increased Same Property percent leased by 160 basis points to 94.5%, and Same Property small shop percent leased by 220 basis points to 91.0%, compared to June 30, 2021
Regency Centers
Regency Centers
Forward Guidance
Regency Centers has updated its 2022 guidance.