Regency Centers Corp. ( (REG) ) has released its Q1 earnings. Here is a breakdown of the information Regency Centers Corp. presented to its investors.
Regency Centers Corporation is a leading national owner, operator, and developer of shopping centers located in suburban areas with strong demographics, operating as a real estate investment trust (REIT) and a member of the S&P 500 Index. In its first quarter of 2025, Regency Centers reported stable financial performance with a net income of $0.58 per diluted share, consistent with the previous year. The company achieved a Nareit FFO of $1.15 per diluted share and core operating earnings of $1.09 per diluted share, indicating solid financial health. Key highlights include a 4.3% increase in Same Property Net Operating Income (NOI) and a high occupancy rate with 96.5% of properties leased. The company also executed 1.4 million square feet of new and renewal leases with significant rent spreads and completed strategic acquisitions, including Brentwood Place in Nashville for $119 million. Regency Centers’ management expressed satisfaction with the quarter’s results, emphasizing robust operating fundamentals and a strong leasing pipeline. Looking forward, the company remains well-positioned to sustain growth and navigate economic cycles, maintaining its 2025 earnings guidance.