Regency Realty Raises Guidance
Regency Centers (REG) reported 1st Quarter March 2021 of $0.90 per share on revenue of $274.7 million. The consensus estimate was $0.75 per share on revenue of $252.8 million. Revenue fell 3.2% compared to the same quarter a year ago.
The company said it expects 2021 funds from operations of $3.33 to $3.43 per share. The company’s previous guidance was FFO of $2.96 to $3.14 per share and the current consensus FFO estimate is $3.11 per share for the year ending December 31, 2021.
Regency Centers Corp is a real estate investment trust and is a grocery-anchored shopping center company. The Company leases space in its shopping centers to grocery stores, retail anchors, restaurants, side-shop retailers, and service providers.