Regency Centers raises annual FFO forecast, beats Q2 FFO estimates

8/5/2024

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Reuters

• Subcategory: Retail: Shopping

• Tag: Business: Insights | Earnings

• Additional Filters-Subcategory: Retail: Grocery, Retail: Grocery Anchored, Retail: Neighborhood Center, Retail: Power Center, Retail: Shopping Center

Regency Centers (REG.O), opens new tab raised annual funds from operations (FFO) forecast after beating second-quarter estimates on Thursday, as steady leasing demand at its grocery-anchored shopping centers helped commercial real estate investment trusts.
REITs such as Regency Centers saw an uptick in demand for their rental spaces, as tenants reap benefits from consumers prioritizing shopping for essentials, including groceries.
Regency Centers expects fiscal 2024 National Association of Real Estate Investment Trusts (Nareit) FFO per share to be in the range of $4.21 to $4.25, compared with its prior forecast of $4.15 to $4.21 per share.