Regency Centers Sees FY24 Nareit FFO $4.14-$4.20; EPS $1.87-$1.93
Portfolio Pulse from Benzinga Newsdesk
Regency Centers Corporation (REG) provided its full year 2024 guidance, forecasting a Nareit FFO of $4.14-$4.20 per diluted share and EPS of $1.87-$1.93. The guidance reflects changes in net income, same property NOI growth, and various financial activities including G&A expenses, interest expenses, and development spending. Notably, the company anticipates no acquisitions and a significant reduction in dispositions cap rate.
February 08, 2024 | 9:22 pm
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Regency Centers forecasts a Nareit FFO of $4.14-$4.20 per diluted share and EPS of $1.87-$1.93 for FY24, indicating a slight change from the previous year's performance.
The guidance provided by Regency Centers suggests a stable financial outlook with slight adjustments in earnings and FFO. The absence of acquisitions and the projected cap rate changes for dispositions may indicate a strategic shift or consolidation phase. These factors, combined with the detailed financial activities, suggest a neutral short-term impact on the stock price as investors digest the implications of the guidance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100