Regency Centers: Q2 Earnings Snapshot
By AP News
Published - Aug 02, 2024, 02:34 AM ET
Last Updated - Aug 02, 2024, 02:34 AM EDT
JACKSONVILLE, Fla. (AP) — JACKSONVILLE, Fla. (AP) — Regency Centers Corp. (REG) on Thursday reported a key measure of profitability in its second quarter. The results surpassed Wall Street expectations.
The real estate investment trust, based in Jacksonville, Florida, said it had funds from operations of $196.4 million, or $1.06 per share, in the period.
The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of $1.02 per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
