Regency Centers Corporation (REG), headquartered in Jacksonville, Florida, is a renowned owner, operator, and developer of shopping centers in suburban trade areas with compelling demographics. Valued at a market cap of $13 billion, Regency Centers operates as a leading publicly traded retail REIT with thriving properties merchandised with highly productive grocers, restaurants, service providers, etc. It is expected to announce its fiscal 2024 Q3 earnings after the market closes on Monday, October 28.
Ahead of the event, analysts expect Regency Centers to report funds from operations (FFO) of $1.04 per share, up 2% from $1.02 per share reported in the year-ago quarter. The company has consistently outperformed or matched Wall Street's FFO estimates for the past four quarters. In the most recent quarter, its FFO per share was $1.06, beating the consensus estimate by 3.9%.
