05:33 PM EDT, 05/02/2024 (MT Newswires) -- Regency Centers ( REG ) reported Q1 Nareit funds from operations, or FFO, late Thursday of $1.08 per diluted share, flat from a year earlier.

Analysts polled by Capital IQ expected FFO of $1.03, if comparable.

Revenue for the quarter ended March 31 was $363.9 million, up from $318 million a year earlier.

Analysts surveyed by Capital IQ expected $347 million.

The company raised its 2024 Nareit FFO outlook range to $4.15 and $4.21 from the previous guidance of $4.14 to $4.20.

Analysts polled by Capital IQ expect FFO of $4.18, if comparable.

The shares of the company were up 2.1% in after-hours trading.

Price: 61.26, Change: +1.24, Percent Change: +2.07