Regency Centers Corp. ( (REG) ) has released its Q4 earnings. Here is a breakdown of the information Regency Centers Corp. presented to its investors.
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Regency Centers Corporation is a leading real estate investment trust specializing in owning, operating, and developing shopping centers in suburban areas with strong demographics across the United States. The company’s portfolio includes properties with well-regarded grocers, restaurants, and retailers, connecting closely with local communities.
In its latest earnings report, Regency Centers reported stable financial performance for the fourth quarter and full year 2024. The company highlighted its strong leasing activity, record high occupancy levels, and substantial development and redevelopment investments. These achievements underscore Regency’s strategic focus on enhancing its shopping centers and creating sustainable value.
Key financial highlights include a net income attributable to common shareholders of $2.11 per diluted share for the year, with a slight increase from the previous year. Regency’s Nareit FFO was $4.30 per diluted share, marking a growth from last year’s figures. The company also achieved a 4.0% increase in Same Property Net Operating Income for the fourth quarter year-over-year, and a record high 96.7% leasing rate for its properties. Additionally, Regency initiated over $258 million in development and redevelopment projects throughout the year.
Looking ahead, Regency Centers provides a positive outlook for 2025, projecting growth in net income per share and continued strong performance in its core operating earnings. The company plans to further invest in development projects and maintain a robust leasing strategy, leveraging its strong foundation for sustained growth in the coming year.
