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Regency Centers (REG)
NASDAQ:REG
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.49Last Year’s EPS
0.46Same Quarter Last Year
Strong Buy
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: 0.20%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Positive
The call reflected a strong quarter with record occupancy rates, increased financial guidance, and a robust development pipeline. While there are some upcoming challenges with debt refinancing, the positive performance and future growth prospects significantly outweigh these concerns.Company Guidance
During the third quarter 2024 earnings call for Regency Centers Corporation (REG), the company provided several key metrics and guidance updates. The same-property leased occupancy rate was reported above 96%, reaching a record high for shop occupancy at 93.7%. The company increased its same-property Net Operating Income (NOI) growth guidance to 3.5% and expects core operating earnings per share growth of nearly 5% for the current year. Regency also highlighted its active investment efforts, having already achieved its annual target of $200 million to $250 million in development and redevelopment project starts for the second consecutive year. Furthermore, the company has deployed nearly $300 million in capital on accretive transactions, including shopping center acquisitions and share repurchases. Looking ahead to 2025, Regency anticipates maintaining a similar same-property NOI growth rate and expects NAREIT FFO growth of at least 5%. The company attributes its strong performance to robust tenant demand, strategic investments, and an experienced team, alongside a focus on high-quality grocery-anchored neighborhood and community centers.Record High Occupancy Rates
The same-property leased occupancy rate exceeded 96%, with a record high shop occupancy rate of 93.7%.
Increased Financial Guidance
Same-property NOI growth guidance raised to 3.5%, and core operating earnings per share growth expected to be nearly 5%.
Successful Investment Activity
Achieved annual target of $200 million to $250 million in project starts for the second consecutive year, with capital deployed into accretive transactions totaling nearly $300 million.
Strong Development Pipeline
Over $600 million in the earning profit pipeline, with a focus on ground-up developments, expected to significantly contribute to future NOI growth.
Robust Leasing and Rent Growth
Blended cash rent spreads exceeded 9%, with GAAP rent spreads over 20%.
Credit Loss Improvement
Credit loss range revised down to 50-75 basis points, indicating lower bad debt and positive bankruptcy outcomes.
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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
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REG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 28, 2024 | $71.08 | $71.75 | +0.94% |
| Aug 01, 2024 | $67.31 | $69.00 | +2.51% |
| May 02, 2024 | $58.27 | $57.28 | -1.70% |
| Feb 08, 2024 | $59.68 | $58.89 | -1.32% |
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.
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FAQ
When does Regency Centers (REG) report earnings?
Regency Centers (REG) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Regency Centers (REG) earnings time?
Regency Centers (REG) earnings time is at Feb 06, 2025, TBA Not 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 2024 (Q4) is 0.49.
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