Overview

* Regency Centers ( REG ) Q3 Nareit FFO rises, reflecting strong financial performance

* Company raises 2025 Nareit FFO and Core Operating Earnings guidance, indicating positive outlook

* Regency Centers ( REG ) increases quarterly dividend by over 7%, reflecting confidence in growth

Outlook

* Regency Centers ( REG ) raises 2025 Nareit FFO guidance to $4.62-$4.64 per share

* Company increases 2025 Core Operating Earnings guidance to $4.39-$4.41 per share

* Regency Centers ( REG ) lifts 2025 Same Property NOI growth forecast to 5.25%-5.5%

Result Drivers

* SAME PROPERTY NOI - Increased by 4.8% year-over-year, driven by base rent growth

* LEASING ACTIVITY - Executed 1.8 mln sq ft of leases with blended rent spreads of +12.8% cash and +22.9% straight-lined

* DEVELOPMENT PROJECTS - Started over $170 mln of new development and redevelopment projects in Q3

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.58

Q3 Net $106 mln

Income

Q3 FFO $213.50

mln

Q3 Core $202.60

Operatin mln

g

Earnings

Q3 $0.75

Dividend

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the commercial reits peer group is "buy"

* Wall Street's median 12-month price target for Regency Centers Corp ( REG ) is $79.50, about 7.9% above its October 27 closing price of $73.18

* The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 30 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)