secwatch.observer — SEC 8-K summary
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Issuer:     REGENCY CENTERS LP (—)
CIK:        0001066247
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0000950170-24-052255
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Regency Q1 Nareit FFO $1.08; raises 2024 net income guidance to $1.96-$2.02; Moody's upgrade to A3
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- Q1 Net income $0.58/diluted share vs $0.57 prior year; Nareit FFO $1.08; Core Operating Earnings $1.04.
- Same Property NOI up 2.1% YoY (ex termination fees and 2020/21 reserves); portfolio 95.8% leased, shop occupancy record 93.5%.
- Executed 1.8M sq ft comparable leases at +8.5% cash rent spreads; started $80M development incl. $67M Whole Foods anchored project.
- 2024 guidance: Nareit FFO $4.15-$4.21 (prev $4.14-$4.20), net income $1.96-$2.02 (prev $1.87-$1.93); Same Property NOI growth +2.0% to +2.5%.
- Moody's upgraded credit to A3 stable; pro-rata net debt/EBITDAre 5.4x; declared $0.67/share quarterly dividend.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1066247/000095017024052255/0000950170-24-052255-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/910606/000095017024052255/reg-20240502.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-052255

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