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The latest update is out from Regency Centers ( (REG) ).
Regency Centers reported its financial results for the fourth quarter and full year 2024, highlighting a strong performance characterized by record-high occupancy levels and robust rent growth. The company achieved a net income of $2.11 per diluted share for the full year 2024, up from $2.04 in 2023, and executed 8.1 million square feet of new and renewal leases at favorable rent spreads. Regency also started development projects worth $258 million and ended the year with a net debt to operating EBITDAre ratio of 5.2x, positioning it well for future growth. The company declared a quarterly dividend of $0.705 per share and provided initial 2025 earnings guidance, reflecting confidence in sustained earnings growth.
More about Regency Centers
Regency Centers Corporation operates in the real estate sector, focusing on the ownership, operation, and development of shopping centers. The company is committed to creating thriving retail destinations that meet community needs and has a significant presence in the United States, particularly with its portfolio of grocery-anchored shopping centers.
YTD Price Performance: 1.15%
Average Trading Volume: 1,079,459
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $13.34B
For detailed information about REG stock, go to TipRanks’ Stock Analysis page.
