NASDAQ$REG

Regency Centers Corp · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Regency Centers reported financial results for the first quarter of 2022 and provided updated guidance for 2022 Nareit FFO.

Regency Centers reported a strong first quarter in 2022, with Net Income of $1.14 per diluted share and Nareit FFO of $1.03 per diluted share. The company also raised its 2022 Nareit FFO guidance to a range of $3.84 to $3.90 per diluted share.

  • Reported Nareit FFO of $1.03 per diluted share for the first quarter.
  • Raised 2022 Nareit FFO guidance to a range of $3.84 to $3.90 per diluted share.
  • Same Property Net Operating Income increased 7.8% excluding lease termination fees.
  • Increased percent commenced by 30 basis points sequentially to 92.0% and maintained percent leased sequentially at 94.3%.

Headline financials

Total Revenue

$303M

Previous: $275M+10.5%
EPS (adj)

$1.03

Previous: $0.90+14.4%
Same Property percent leased

94.3%

Previous: 92.5%+1.9%
Capital Expenditures

-$53.6M

Previous: -$48.2M-11.1%
Free Cash Flow

$142M

Previous: $32.4M+337.0%
Net Income

$195M

Previous: $80.7M+142.1%
Operating Income

$121M

Previous: $93.7M+29.4%
Gross Profit

$257M

Previous: $229M+12.2%
Total Assets

$10.8B

Previous: $10.6B+2.0%

Revenue & EPS history

Regency Centers · Revenue · Quarterly

$303M

Q1 2022+10.5%vs Q1 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

Regency Centers updated its 2022 guidance, with Nareit FFO per diluted share expected to be in the range of $3.84 to $3.90.

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 2022

Historical avgQ1 2022

+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%

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