earnings
confidence high
sentiment positive
materiality 0.70
Regency Q1 2026 FFO $1.20 per share; Same Property NOI +4.4%; reaffirms guidance
REGENCY CENTERS LP
- Net income per diluted share $0.68 vs $0.58 YoY; Core Operating Earnings $1.16 vs $1.09.
- Same Property NOI up 4.4% YoY; portfolio 96.6% leased; blended cash rent spreads +12.1%.
- Started $73M redevelopment; in-process projects $635M at 9% yield; $450M notes issued at 4.50%.
- Pro-rata net debt/EBITDAre 5.2x; $1.5B credit facility; $500M share repurchase authorized.
- Reaffirmed full-year 2026 guidance: Nareit FFO $4.83-$4.87, Same Property NOI growth +3.25%-3.75%.