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Jun 30, 2024
Regency Centers Q2 2024 Earnings Report
Regency Centers reported financial and operating results for Q2 2024 and provided updated 2024 earnings guidance.
Key Takeaways
Regency Centers reported a strong second quarter with increased Net Income Attributable to Common Shareholders, Nareit FFO, and Core Operating Earnings. The company raised its 2024 Nareit FFO and Core Operating Earnings guidance, reflecting confidence in its performance and future growth.
Reported Nareit FFO of $1.06 per diluted share and Core Operating Earnings of $1.02 per diluted share.
Raised 2024 Nareit FFO guidance to a range of $4.21 to $4.25 per diluted share and 2024 Core Operating Earnings guidance to a range of $4.06 to $4.10 per diluted share.
Increased Same Property percent leased by 80 basis points year-over-year to 95.8%, and Same Property shop percent leased by 80 basis points year-over-year to 93.5%.
Repurchased approximately 3.3 million shares of Regency stock for $200 million, at an average price of $60.48 per share.
Forward Guidance
Regency Centers updated its 2024 guidance, increasing Nareit FFO per diluted share to $4.21-$4.25 and Core Operating Earnings per diluted share to $4.06-$4.10.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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