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Published on 3 May 2024 on Zacks via Yahoo Finance

Regency Centers (REG) Q1 FFO Beat Estimates, '24 View Revised

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Regency Centers Corporation REG reported first-quarter 2024 NAREIT funds from operations (FFO) per share of $1.08, outpacing the Zacks Consensus Estimate of $1.04. The figure remained unchanged from the prior-year 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 revised its 2024 outlook.

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