NASDAQ$REG

Regency Centers Corp · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Regency Centers reported financial and operating results for Q2 2024 and provided updated 2024 earnings guidance.

Regency Centers reported a strong second quarter with increased Net Income Attributable to Common Shareholders, Nareit FFO, and Core Operating Earnings. The company raised its 2024 Nareit FFO and Core Operating Earnings guidance, reflecting confidence in its performance and future growth.

  • Reported Nareit FFO of $1.06 per diluted share and Core Operating Earnings of $1.02 per diluted share.
  • Raised 2024 Nareit FFO guidance to a range of $4.21 to $4.25 per diluted share and 2024 Core Operating Earnings guidance to a range of $4.06 to $4.10 per diluted share.
  • Increased Same Property percent leased by 80 basis points year-over-year to 95.8%, and Same Property shop percent leased by 80 basis points year-over-year to 93.5%.
  • Repurchased approximately 3.3 million shares of Regency stock for $200 million, at an average price of $60.48 per share.

Headline financials

Total Revenue

$357M

Previous: $314M+13.7%
EPS (adj)

$1.06

Previous: $1.03+2.9%
Capital Expenditures

-$142M

Previous: -$100M-41.6%
Free Cash Flow

-$39.1M

Previous: -$13.3M-193.3%
Net Income

$103M

Previous: $86.8M+18.3%
Operating Income

$121M

Previous: $110M+10.2%
Gross Profit

$298M

Previous: $260M+14.6%
Total Assets

$12.4B

Previous: $10.8B+14.4%

Revenue & EPS history

Regency Centers · Revenue · Quarterly

$357M

Q2 2024+13.7%vs Q2 2023
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

Regency Centers updated its 2024 guidance, increasing Nareit FFO per diluted share to $4.21-$4.25 and Core Operating Earnings per diluted share to $4.06-$4.10.

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 2024

Historical avgQ2 2024

+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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