NASDAQ$REG
Regency Centers Corp · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Regency Centers reported third quarter results, highlighting Nareit FFO of $1.02 per diluted share and Core Operating Earnings of $0.97 per diluted share.
Regency Centers reported strong third-quarter results, driven by positive momentum in their business, robust tenant demand, and progress in their value creation pipeline. The company completed the acquisition of Urstadt Biddle, acquired two additional shopping centers, and raised their dividend. Same Property NOI grew by 2.9%, and Same Property percent leased increased to 95.4%.
- Reported Nareit FFO of $1.02 per diluted share, including a $0.01 impact from merger transition expense, and Core Operating Earnings of $0.97 per diluted share.
- Same Property NOI grew year-over-year by 2.9% in the third quarter, excluding lease termination fees and the collection of receivables reserved during 2020-2021.
- Increased Same Property percent leased by 70 basis points year-over-year to 95.4%, with Same Property shop percent leased increasing by 180 basis points to 93.2%.
- Executed 1.8 million square feet of comparable new and renewal leases during the quarter at blended rent spreads of +9.3% on a cash basis and +17.2% on a straight-lined basis.
Headline financials
Revenue & EPS history
Regency Centers · Revenue · Quarterly
$331M
Forward guidance
Regency Centers updated its 2023 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 Q3 2023
+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
| Quarter | Report date | Reaction (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