Picture of Regency Centers logo

REG Regency Centers News Story

0.000.00%
us flag iconLast trade - 00:00
FinancialsConservativeLarge CapHigh Flyer

Regency Centers maintains full-year guidance on resilient leasing demand

April 28 (Reuters) -  Regency Centers REG.O maintained its Nareit annual funds from operations (FFO) forecast on Wednesday, betting on resilient leasing demand at its grocery-anchored shopping centers.

Sustained demand for retail space has aided commercial REITs like Regency Centers, supporting leasing volumes, occupancy rates and rental growth.

The company's portfolio of premium shopping centers is concentrated in affluent localities where consumers have high spending power despite macroeconomic uncertainties.

For the first quarter ended March 31, the company reported FFO of $1.20, in line with analysts' estimates, according to data compiled by LSEG.

Regency maintained annual National Association of Real Estate Investment Trusts (Nareit) FFO per share between $4.83 and $4.87

It also kept its annual core operating earnings per diluted share to range between $4.59 and $4.63.

 (Reporting by Koyena Das in Bengaluru; Editing by Tasim Zahid)

 ((koyena.das@thomsonreuters.com))

Recent news on Regency Centers

See all news