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Regency Centers (REG)
NASDAQ:REG
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.53Last Year’s EPS
0.58Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: 0.45%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a robust performance in 2024, with significant achievements in leasing, development, and rent growth. Challenges include managing credit risks and increased interest expenses in the upcoming year. However, the positive momentum in operational performance and strategic investments suggests a strong outlook for 2025.Company Guidance
During the Regency Centers Corporation's Fourth Quarter 2024 Earnings Conference Call, the company provided comprehensive guidance and highlighted key metrics reflecting their robust performance and strategic execution. They reported strong same-property Net Operating Income (NOI) growth and base rent growth, driven by record leasing activity with nearly 2,000 leases covering over 9.4 million square feet and achieving a same-property leased rate of 96.7%. The company also highlighted a 5% increase in dividends and $500 million in accretive investment activity for 2024, including $250 million in development and redevelopment projects. Regency projected a NAREIT FFO range of $4.52 to $4.58 per share for 2025, reflecting nearly 6% year-over-year growth at the midpoint. They expect same-property NOI to grow between 3.2% and 4%, supported by continued strong leasing spreads, with new leasing spreads at approximately 11% in Q4 2024. The company emphasized their strong balance sheet with leverage within the target range of 5 to 5.5 times debt to EBITDA and more than $1.4 billion available on their unsecured line of credit, positioning them well for future growth opportunities.Strong Same Property NOI and Base Rent Growth
The company achieved a same property NOI growth of 3.6% for the full year 2024 and 4% for Q4, driven by robust base rent growth and a strong leasing pipeline.
Record Leasing Activity
Regency executed nearly 2,000 leases in 2024, covering more than 9.4 million square feet, a record volume for the company. The same property leased rate ended the year at 96.7%.
Dividend Increase
Regency increased its dividend by 5% in Q4 2024, reflecting strong operational performance and financial health.
Development and Redevelopment Achievements
Regency started $260 million in development and redevelopment projects in 2024, with yields exceeding 10%. Nearly $500 million of projects are in process with a return of more than 9%.
Accretive Capital Allocation
The company invested over $500 million in accretive activities in 2024, including high-quality acquisitions and opportunistic share repurchases.
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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 |
|---|---|---|---|
| Feb 06, 2025 | $72.95 | $74.02 | +1.47% |
| 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% |
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 May 01, 2025, TBA Not Confirmed.
What is Regency Centers (REG) earnings time?
Regency Centers (REG) earnings time is at May 01, 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 2025 (Q1) is 0.53.
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