NASDAQ$REG

Regency Centers Corp · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Regency Centers reported strong second-quarter results, raised full-year guidance, and highlighted ESG achievements.

Regency Centers reported solid second-quarter results, with Net Income of $0.61 per diluted share and Nareit FFO of $1.00 per diluted share. The company raised its full-year guidance and highlighted its ESG achievements. Same Property NOI excluding lease termination fees and prior year collections increased by 3.1%.

  • Reported Nareit FFO of $1.00 per diluted share and Core Operating Earnings of $0.94 per diluted share for the second quarter
  • Raised 2022 Nareit FFO guidance to a range of $3.92 to $3.96 per diluted share
  • Reported that Same Property NOI excluding lease termination fees and prior year collections increased 3.1% during the second quarter over the same period a year ago
  • Increased Same Property percent leased by 160 basis points to 94.5%, and Same Property small shop percent leased by 220 basis points to 91.0%, compared to June 30, 2021

Headline financials

Total Revenue

$302M

Previous: $287M+5.2%
EPS (adj)

$1.00

Previous: $0.99+1.0%
Same Property percent leased

94.5%

Previous: 92.9%+1.7%
Capital Expenditures

-$99.5M

Previous: -$89.6M-11.0%
Free Cash Flow

$5.33M

Previous: $5.89M-9.5%
Net Income

$105M

Previous: $95.5M+9.7%
Operating Income

$120M

Previous: $111M+8.6%
Gross Profit

$254M

Previous: $241M+5.7%
Total Assets

$10.9B

Previous: $10.6B+2.5%

Revenue & EPS history

Regency Centers · Revenue · Quarterly

$302M

Q2 2022+5.2%vs Q2 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

Regency Centers has updated its 2022 guidance.

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 Q2 2022

Historical avgQ2 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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