Published on 1 May 2024 on Zacks via Yahoo Finance
Regency Centers (REG) to Post Q1 Earnings: What's in Store?
Regency Centers Corp. REG is slated to report first-quarter 2024 results on May 2 after the closing bell. In anticipation of the announcement, industry analysts and investors are eager to assess the company's performance and prospects in the current economic climate.In the last reported quarter, this Jacksonville, FL-based retail real estate investment trust (REIT) reported NAREIT FFO per share of $1.02, in line with the Zacks Consensus Estimate. Results reflected a better-than-anticipated top line, aided by healthy leasing activity and a year-over-year improvement in the base rent. However, high interest expenses during the quarter were worrisome.Over the trailing four quarters, the company’s FFO per share exceeded the Zacks Consensus Estimate on three occasions and met in the remaining quarter, with the average beat being 2.21%. This is depicted in the graph below:
Regency Centers Corporation Price and EPS Surprise
