Regency Centers (REG) Q2 FFO Beat Estimates, '24 View Raised
Regency Centers(REG) ZACKS·2024-08-03 02:00
Regency Centers Corporation (REG) reported second-quarter 2024 NAREIT funds from operations (FFO) per share of $1.06, outpacing the Zacks Consensus Estimate of $1.02. The figure increased 2.9% from the prioryear quarter. Results reflect healthy leasing activity and a year-over-year improvement in the base rent. However, high interest expenses during the quarter acted as a dampener. The company also raised its 2024 outlook. Total revenues of $357.3 million increased 13.7% from the year-ago period. However, t ...