Regency Centers (REG)
NASDAQ:REG
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Earnings Data
Report Date
Jul 29, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.6Last Year’s EPS
0.56Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operating fundamentals: robust same-property NOI (4.4%) and base rent growth (3.5%), near-record leasing metrics (~97% leased, commenced +20 bps), a sizable SNO and development pipeline (> $600M pipeline, >9% blended returns, 7%+ yields), and a strengthened balance sheet highlighted by a $450M note issuance at 4.5% and leverage near the low end of target. Management maintained full-year guidance and reiterated the quality and defensiveness of grocery-anchored centers amid resilient tenant sales, collections and foot traffic. Near-term headwinds include lumpiness in noncash revenue (one lease moved to cash basis), ongoing bankruptcy-related uncertainty, and a tougher Q2 comp that will weigh quarterly cadence. Overall, operational strengths, accretive development execution, and balance sheet flexibility materially outweigh the limited near-term accounting and portfolio credit noise.Company Guidance
Strong Same-Property NOI and Base Rent Growth
Same-property NOI grew 4.4% in Q1 2026, driven by operating fundamentals and redevelopment activity; base rent growth was 3.5% in the quarter.
High and Improving Occupancy / Leasing Momentum
Same-property percent leased approached ~97%, up 10 basis points sequentially from Q4; same-property commenced rate increased 20 basis points; executed ~1.5 million sq ft of leasing in Q1 (more GLA than Q1 2025).
Significant SNO (Start/Now/Occupancy) Pipeline
SNO pipeline represents approximately $42 million of incremental base rent, providing a meaningful tailwind to future NOI growth.
Robust Development & Investment Platform
Completed $42 million of projects in Q1 and started $73 million of new projects; in-process pipeline exceeds $600 million with blended returns above 9%; development yields remain targeted at 7%+; visibility to >$1 billion of potential project starts over the next 3 years.
Accretive Project Examples and Execution Speed
Delivered Oakley Shops at Laurel Fields (Bay Area) in <18 months; Ellis Village already 100% leased with anchor opening expected later in the year; Whole Foods openings at multiple ground-up projects — evidence of strong execution and retailer demand.
Strong Capital Position and Favorable Financing
Issued $450 million of 7-year unsecured notes at a 4.5% coupon in February — the lowest credit spread in company history; leverage remains near low end of target 5.0–5.5x range; nearly full availability on credit facility and free cash flow supports pipeline without current need for equity.
Maintained Full-Year Guidance
Management maintained full-year same-property NOI growth guidance of 3.25%–3.75%, and growth in core operating earnings and NAREIT FFO per share each guided to 4.5% at the midpoint; total NOI growth expected north of 6% driven by development deliveries and acquisitions.
Tenant Health and Consumer Metrics
Tenant sales, collections and foot traffic remain favorable: Q1 foot traffic up 2.3% and April up ~3%; collections near record lows; strong demand across grocers, restaurants, health & wellness, and off-price retailers.
Leasing Economics and Rent Steps
Cash re-leasing spreads were near record highs; ~90% of new shop leases embedded rent steps of 3%+ and ~25% embedded 4%+, supporting sustained rent growth.
REG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
REG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $79.38 | $77.85 | -1.93% |
Feb 05, 2026 | $74.75 | $74.49 | -0.34% |
Oct 28, 2025 | $70.06 | $67.91 | -3.06% |
Jul 29, 2025 | $69.59 | $70.12 | +0.77% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Regency Centers (REG) report earnings?
Regency Centers (REG) is schdueled to report earning on Jul 29, 2026, After Close (Confirmed).
What is Regency Centers (REG) earnings time?
Regency Centers (REG) earnings time is at Jul 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is REG EPS forecast?
REG EPS forecast for the fiscal quarter 2026 (Q2) is 0.6.