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Regency Centers(REG) - 2025 Q1 - Earnings Call Presentation
2025-04-30 10:29
业绩总结 - 2025年每股普通股净收入预期为2.25至2.31美元[29] - 2025年每股Nareit运营基金(Nareit FFO)预期为4.52至4.58美元[29] - 2025年每股核心运营收益预期为4.30至4.36美元[29] - 2025年同物业净运营收入(NOI)增长预期为3.2%至4.0%[29] - 2025年Nareit FFO每稀释股收益指导为$4.52至$4.58,意味着同比增长约6%[32] - 2025年核心经营收益(COE)每稀释股收益指导为$4.30至$4.36,意味着同比增长约5%[32] - 2024年同物业净营业收入(NOI)预计增长3.2%至4.0%[32] - 2025年同物业NOI增长指导为约3.6%[39] 财务预期 - 2025年总管理和行政费用预期为93,000至96,000千美元[29] - 2025年净利息费用和优先股股息预期为232,000至235,000千美元[29] - 2025年开发和重建支出预期为250,000千美元[29] - 2025年收购预期为140,000千美元[29] - 2025年处置预期为75,000千美元[29] - 2025年加权平均资本化率预期为5.5%[29] - 2025年加权平均稀释股本预计约为1.83亿股[34] - 2025年非现金收入预计为约4600万美元,较2024年的4500万美元增加[32] - 2025年总的可比物业租金增长贡献约130-140个基点[39] - 2025年总的可比物业租金支付占比预计为29%[45] - 2025年总的资本化为189亿美元[58] 其他信息 - 公司提供的Pro-rata财务信息包括100%的合并物业及其在非合并房地产投资合伙企业中的经济份额[78] - Pro-rata信息旨在更准确地反映公司在其投资组合中资产、负债和经营结果的比例经济利益[79] - Pro-rata财务信息不应独立考虑,也不能替代根据GAAP报告的财务报表[80] - 处于开发中的物业包括各个阶段的地面开发物业[81] - 重新开发完成的物业在满足特定条件时被视为完成,包括90%的总估计项目成本已发生且租赁率达到或超过95%[82] - 同类物业是指在比较的两个日历年度内完全拥有和运营的零售物业[83] - 价值创造是指在完成时使用稳定期的NOI估算的增量价值,按市场资本化率减去估计的开发成本进行评估[84] - Pro-rata信息的计算可能因公司而异,限制了Pro-rata信息的可比性[85]
Regency Centers (REG) Q1 FFO and Revenues Top Estimates
ZACKS· 2025-04-30 06:35
Regency Centers (REG) came out with quarterly funds from operations (FFO) of $1.15 per share, beating the Zacks Consensus Estimate of $1.14 per share. This compares to FFO of $1.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 0.88%. A quarter ago, it was expected that this shopping center real estate investment trust would post FFO of $1.07 per share when it actually produced FFO of $1.09, delivering a surprise of 1.87%.Over the ...
Regency Centers(REG) - 2025 Q1 - Quarterly Results
2025-04-30 04:24
Exhibit 99.2 Table of Contents March 31, 2025 | Safe Harbor Language | i | | --- | --- | | Earnings Press Release | ii | | Summary Information: | | | Financial Results Summary | 1 | | Real Estate Portfolio Summary | 2 | | Financial Information: | | | Consolidated Balance Sheets | 3 | | Supplemental Details of Assets and Liabilities (Real Estate Partnerships Only) | 4 | | Consolidated Statements of Operations | 5 | | Supplemental Details of Operations (Consolidated Only) | 6 | | Supplemental Details of Opera ...
Regency Centers Reports First Quarter 2025 Results
GlobeNewswire· 2025-04-30 04:15
JACKSONVILLE, Fla., April 29, 2025 (GLOBE NEWSWIRE) -- Regency Centers Corporation (“Regency Centers”, “Regency” or the “Company”) (Nasdaq: REG) today reported financial and operating results for the quarterly period ended March 31, 2025 and provided updated 2025 earnings guidance. For the three months ended March 31, 2025 and 2024, Net Income Attributable to Common Shareholders was $0.58 per diluted share, and $0.58 per diluted share respectively. First Quarter 2025 Highlights Reported Nareit FFO of $1.1 ...
Regency Centers to Post Q1 Earnings: What's in Store for the Stock?
ZACKS· 2025-04-24 02:50
Regency Centers Corp. (REG) is slated to report first-quarter 2025 results on April 29, after the closing bell. The company’s quarterly results are likely to display year-over-year growth in revenues and funds from operations (FFO) per share.In the last reported quarter, this Jacksonville, FL-based retail real estate investment trust (REIT) reported NAREIT FFO per share of $1.09, outpacing the Zacks Consensus Estimate of $1.07. Results reflected healthy leasing activity and a year-over-year improvement in t ...
Is it Prudent to Add Regency Centers Stock to Your Portfolio Now?
ZACKS· 2025-04-07 22:47
Regency Centers Corp. (REG) seems well-poised to gain from its strategically located premium portfolio of grocery-anchored shopping centers. Strategic buyouts and an encouraging development pipeline bode well for long-term growth. A healthy balance sheet provides financial flexibility for portfolio expansion. However, growing e-commerce adoption, elevated interest rates and a concentrated portfolio raise concerns.Last month, this retail real estate investment trust (REIT) announced the acquisition of Brentw ...
Regency Centers Invites You to Join Its First Quarter 2025 Earnings Conference Call
GlobeNewswire· 2025-04-04 20:15
JACKSONVILLE, Fla., April 04, 2025 (GLOBE NEWSWIRE) -- Regency Centers Corporation (“Regency Centers” or the “Company”) (NASDAQ: REG) will announce its first quarter 2025 earnings results on Tuesday, April 29, 2025, after the market closes. The Company’s earnings release and supplemental information package will be posted on the Investor Relations section of the Company’s website – investors.regencycenters.com. The Company will host an earnings conference call on Wednesday, April 30, 2025, at 11:00 a.m. ET. ...
We Are Buying REIT Preferred Stocks Part 1: REG Offers Credit Premium Without The Risk
Seeking Alpha· 2025-04-02 22:56
we discuss ideas like this as they happen in more detail. All active investors are welcome to join on a free trial and ask any question in our chat room full of sophisticated traders and investors.For a long time, we avoided investing in preferred stocks due to their narrow spreads . However, the spreads have recently become more reasonable, which has made us reconsider investing in REIT preferred stocks. We find them muchDenislav leads the investing group Trade With Beta , features of the service include: ...
Regency Centers Boosts Portfolio With Nashville Property Acquisition
ZACKS· 2025-03-19 02:01
文章核心观点 - 公司收购布伦特伍德广场购物中心以提升投资组合质量,分析师看好该公司,同时推荐其他房地产投资信托行业排名靠前的股票 [1][4][6] 收购情况 - 公司收购田纳西州布伦特伍德的布伦特伍德广场购物中心,该举措与公司在纳什维尔等高增长市场投资以提升投资组合质量的努力相符 [1] - 布伦特伍德广场面积约32万平方英尺,其中商铺面积10万平方英尺,拥有诺德斯特龙折扣店、Total Wine等顶级主力店,目前出租率达95%,可通过招租和重新招商增加价值 [2] - 该购物中心靠近纳什维尔市中心,毗邻未来35万平方英尺的范德比尔特医疗园区,因战略位置和多元化业态吸引消费者,目前年访客量达430万,公司将凭借专业知识积极管理该物业 [3] 公司概况 - 公司的优质购物中心位于富裕郊区和城市商业区附近,消费者购买力强,有助于吸引顶级杂货店和零售商,公司正通过在关键市场的收购和开发来改善投资组合,2024年公司收购物业的总价值为9200万美元 [4] 股价表现与前景 - 过去六个月公司股价下跌1%,而行业下跌6.6%,分析师看好这家总部位于佛罗里达州杰克逊维尔的公司,扎克斯对其2025年每股运营资金的共识估计显示前景乐观,过去一个月微升至4.54美元 [5] 其他推荐股票 - 房地产投资信托行业其他排名靠前的股票包括SBA Communications和Tanger Inc,目前均为扎克斯排名2(买入) [6] - 过去两个月,扎克斯对SBA Communications 2025年每股运营资金的共识估计微升至12.91美元 [6] - 过去一个月,对Tanger当前年度每股运营资金的共识估计上调1.3%至2.26美元 [7]
Regency Centers Acquires Brentwood Place Shopping Center in Nashville, TN
GlobeNewswire· 2025-03-17 20:15
文章核心观点 - 公司宣布收购布伦特伍德广场购物中心,该收购符合公司战略愿景,将扩大其在纳什维尔市场的业务版图 [1][3][5] 收购项目情况 - 布伦特伍德广场购物中心面积约32万平方英尺,含超10万平方英尺店铺及顶级主力店,出租率达95%,有增值机会 [2] - 该购物中心因战略位置和丰富业态,年访客超430万,且毗邻未来35万平方英尺的范德堡医疗园区 [4] 战略意义 - 收购符合公司在繁荣郊区贸易区投资优质零售中心的战略愿景,服务强大且不断发展的社区 [3] - 扩大公司在纳什维尔市场的业务版图,体现公司对高增长零售走廊投资的承诺 [5] 公司概况 - 公司是全国领先的露天购物中心所有者、运营商和开发商,是合格的房地产投资信托基金,也是标准普尔500指数成分股 [7] 项目亮点 - 黄金地段:位于纳什维尔市中心以南七英里,是田纳西州最受欢迎的零售次级市场之一 [9] - 优质租户组合:购物中心有全国、地区和本地零售商,提供多样化购物体验 [9] - 长期价值创造:公司计划通过积极、周到且行业领先的资产管理来管理该物业 [9]