Regency Centre Q4 FFO Increases
(RTTNews) - Regency Centers Corporation (REG), Thursday announced an increase in its Funds from Operations for the fourth quarter.
FFO rose to $190.03 million or $1.02 per share from $181.5 million or $1.05 per share last year.
Earnings declined to $86.3 million or $0.47 per share from $95.2 million or $0.56 per share the previous year.
On average, analysts polled by Thomson Reuters estimated earnings of $0.50 per share.
Revenue for the fourth quarter stood at $359.6 million versus last year's $314.5 million.
Looking forward, the real estate company expects earnings of $1.87 to $1.93 per share and FFO of $4.14 to $4.20 per share for the full year 2024.
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