Regency Centers reports Q1 Nareit FFO $1.15, consensus $1.14

Increased Same Property NOI year-over-year, excluding lease termination fees, by 4.3%. Same Property percent leased ended the quarter at 96.5%, an increase of 100 basis points year-over-year, and Same Property percent commenced ended the quarter at 93.5%, up 170 basis points year-over-year. Same Property anchor percent leased ended the quarter at 98.3%, an increase of 130 basis points year-over-year, and Same Property shop percent leased ended the quarter at 93.7%, up 70 basis points year-over-year. “We are pleased with another great quarter of operating results, highlighted by strong Same Property NOI and earnings growth,” said Lisa Palmer, President and Chief Executive Officer. “We continue to experience robust operating fundamentals at our shopping centers, amplified by the commencement of our leasing pipeline and accretion from our investments platform. And importantly, we are well-positioned to drive continued growth and to thrive throughout economic cycles.”