NASDAQ$REG

Regency Centers Corp · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Regency Centers reported first quarter results and provided a business update related to COVID-19.

Regency Centers reported a Net Loss of ($0.15) per diluted share for the first quarter of 2020. Same property Net Operating Income declined by 0.7% compared to the same period in 2019. As of March 31, 2020, the same property portfolio was 95.0% leased.

  • Net Loss of ($0.15) per diluted share.
  • NAREIT Funds From Operations of $0.98 per diluted share.
  • Same property Net Operating Income declined by 0.7% compared to the same period in 2019.
  • As of March 31, 2020, the same property portfolio was 95.0% leased.

Headline financials

Total Revenue

$284M

Previous: $202M+40.5%
EPS (adj)

$0.98

Previous: $0.95+3.2%
Same Property percent leased

95.0%

Previous: 0.0%
Capital Expenditures

-$73.2M

No prior period
Free Cash Flow

-$98.5M

Previous: $195M-150.5%
Net Income

-$25.3M

Previous: $195M-113.0%
Operating Income

$101M

Previous: $195M-48.2%
Gross Profit

$241M

Previous: $202M+19.5%
Cash & Equivalents

$735M

No prior period
Total Assets

$11.6B

No prior period

Revenue & EPS history

Regency Centers · Revenue · Quarterly

$284M

Q1 2020+40.5%vs Q1 2019
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

Due to the continued uncertainty and disruption from COVID-19, on March 30, 2020, the Company withdrew its 2020 guidance that had been provided on February 12, 2020. The Company will evaluate resumption of guidance in the future as the impact of COVID-19 on its tenants’ business and the Company’s business is better understood.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+1.0%

Avg return

Earnings day

+1.0%

Avg return

5 days after

+1.9%

Avg return

30 days after

71%

46 / 65 earnings

Positive

+10.0%

Q1 2020

Best reaction

-7.5%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.9%-0.6%-2.6%
Q4 2025-0.3%+1.3%+4.2%
Q3 2025-3.1%-3.7%-0.5%
Q2 2025+0.8%+0.6%+1.0%
Q1 2025+0.5%+0.9%+0.4%
Q4 2024+1.5%+2.0%+1.4%
Q3 2024+2.0%+0.6%+6.9%
Q2 2024+4.4%+3.6%+7.9%
Q1 2024-0.2%+0.6%+3.9%
Q4 2023-1.0%-2.5%-0.1%
Q3 2023+3.4%-0.9%+5.5%
Q2 2023+0.9%-0.3%-5.0%
Q1 2023+1.8%-1.3%-2.3%
Q4 2022+0.9%+1.0%-10.0%
Q3 2022+5.1%+4.1%+8.8%
Q2 2022+0.0%+1.5%-3.7%
Q1 2022+8.7%+2.2%+0.5%
Q4 2021-7.5%-8.4%-7.5%
Q3 2021+2.1%-0.9%-3.5%
Q2 2021+5.3%+5.1%+10.0%
Q1 2021+4.5%+3.2%+5.2%
Q4 2020+4.9%+4.1%+17.9%
Q3 2020-5.2%+30.2%+36.7%
Q2 2020+0.1%+1.5%+0.0%
Q1 2020+10.0%+1.0%+33.2%
Q4 2019+0.3%+2.2%-11.8%
Q3 2019-1.9%-3.3%-5.1%
Q2 2019-1.4%-3.7%-3.3%
Q1 2019-0.7%-3.2%-2.0%
Q4 2018+0.7%+1.5%-0.9%
Q3 2018+2.1%+3.4%+0.0%
Q2 2018+1.9%-0.4%+3.8%
Q1 2018+0.8%-0.0%-0.6%
Q4 2017-1.4%+0.0%+2.7%
Q3 2017+6.1%+4.4%+10.6%
Q2 2017+1.0%+0.7%-2.1%
Q1 2017+2.3%-1.3%+0.5%
Q4 2016+2.3%+2.8%-9.7%
Q3 2016-4.5%-3.8%-9.1%
Q2 2016-1.0%-2.5%-5.2%
Q1 2016+2.9%
Q4 2015-1.7%
Q3 2015+1.0%
Q2 2015-1.1%
Q1 2015+2.3%
Q4 2014+0.7%
Q3 2014+3.1%
Q2 2014+2.2%
Q1 2014+2.4%
Q4 2013+0.8%
Q3 2013-1.8%
Q2 2013+0.4%
Q1 2013+2.2%
Q4 2012-1.2%
Q3 2012-3.0%
Q2 2012+1.8%
Q1 2012+3.3%
Q4 2010+1.3%
Q1 2010+1.3%
Q4 2011+1.3%
Q3 2011-4.7%
Q2 2011+4.3%
Q1 2011+0.9%
Q3 2010+1.8%
Q2 2010+0.4%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro