Regency Centers Q4 FFO $1.02 Down From $1.05 YoY, Sales $359.60M Beat $345.63M Estimate
Portfolio Pulse from Benzinga Newsdesk
Regency Centers (NASDAQ:REG) reported a Q4 FFO of $1.02 per share, a decrease from $1.05 YoY. However, their quarterly sales of $359.60M exceeded the $345.63M estimate, marking a 14.34% increase from last year.
February 08, 2024 | 9:20 pm
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Regency Centers reported a slight decrease in FFO per share but exceeded sales estimates with a significant year-over-year increase.
Despite a minor decrease in FFO per share, the significant beat on sales estimates and the year-over-year sales growth are likely to be viewed positively by investors, potentially leading to a short-term uptick in REG's stock price.
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