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Dec 31, 2023

Regency Centers Q4 2023 Earnings Report

Regency Centers reported financial and operating results for Q4 2023.

Key Takeaways

Regency Centers reported a decrease in net income per diluted share from $0.56 in Q4 2022 to $0.47 in Q4 2023. Nareit FFO was reported as $1.02 per diluted share, and Core Operating Earnings were $0.99 per diluted share.

Nareit FFO of $1.02 per diluted share for the fourth quarter, including the impact of merger transition expense of $0.02 per diluted share.

Core Operating Earnings of $0.99 per diluted share for the fourth quarter.

Same Property NOI increased year-over-year by 1.4% in the fourth quarter.

Same Property percent leased increased by 60 basis points year-over-year to 95.7%.

Total Revenue
$361M
Previous year: $315M
+14.6%
EPS
$1.02
Previous year: $1.05
-2.9%
Percent Leased
95.7%
Previous year: 95.1%
+0.6%
Cash and Equivalents
$91.4M
Total Assets
$12.4B

Regency Centers

Regency Centers

Forward Guidance

Regency Centers has provided initial 2024 guidance.