---
title: "Regency Centers Pref Share REG 6.25 Perp 09/21/23 | 10-Q: FY2025 Q1 Revenue: USD 380.91 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/238607201.md"
datetime: "2025-05-02T18:23:27.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/238607201.md)
  - [en](https://longbridge.com/en/news/238607201.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/238607201.md)
---

# Regency Centers Pref Share REG 6.25 Perp 09/21/23 | 10-Q: FY2025 Q1 Revenue: USD 380.91 M

Revenue: As of FY2025 Q1, the actual value is USD 380.91 M.

EPS: As of FY2025 Q1, the actual value is USD 0.58.

### Segment Revenue

-   **Lease Income**: $371,079 thousand for the three months ended March 31, 2025, compared to $353,106 thousand for the same period in 2024, reflecting an increase of $17,973 thousand.
-   **Other Property Income**: $3,021 thousand for the three months ended March 31, 2025, compared to $4,350 thousand for the same period in 2024, reflecting a decrease of $1,329 thousand.
-   **Management, Transaction, and Other Fees**: $6,812 thousand for the three months ended March 31, 2025, compared to $6,396 thousand for the same period in 2024, reflecting an increase of $416 thousand.

### Operational Metrics

-   **Net Income**: $111,853 thousand for the three months ended March 31, 2025, compared to $112,658 thousand for the same period in 2024, reflecting a decrease of $805 thousand.
-   **Depreciation and Amortization**: $96,774 thousand for the three months ended March 31, 2025, compared to $97,585 thousand for the same period in 2024, reflecting a decrease of $811 thousand.
-   **Property Operating Expense**: $68,459 thousand for the three months ended March 31, 2025, compared to $63,274 thousand for the same period in 2024, reflecting an increase of $5,185 thousand.
-   **Real Estate Taxes**: $46,360 thousand for the three months ended March 31, 2025, compared to $44,307 thousand for the same period in 2024, reflecting an increase of $2,053 thousand.

### Cash Flow

-   **Net Cash Provided by Operating Activities**: $161,031 thousand for the three months ended March 31, 2025, compared to $167,758 thousand for the same period in 2024, reflecting a decrease of $6,727 thousand.
-   **Net Cash Used in Investing Activities**: -$180,148 thousand for the three months ended March 31, 2025, compared to -$142,336 thousand for the same period in 2024, reflecting an increase in cash used of $37,812 thousand.
-   **Net Cash Provided by Financing Activities**: $35,770 thousand for the three months ended March 31, 2025, compared to $113,325 thousand for the same period in 2024, reflecting a decrease of $77,555 thousand.

### Unique Metrics

-   **Pro-rata Same Property NOI, Excluding Termination Fees**: $271,498 thousand for the three months ended March 31, 2025, compared to $260,220 thousand for the same period in 2024, reflecting an increase of $11,278 thousand or 4.3% growth.

### Future Outlook and Strategy

-   **Core Business Focus**: Regency Centers Corporation aims to own and manage a portfolio of high-quality neighborhood and community shopping centers anchored primarily by market-leading grocers and located in suburban trade areas in desirable metro areas in the United States. The strategy is expected to result in centers that command higher rental and occupancy rates, leading to growth in NOI.
-   **Non-Core Business**: The company plans to maintain liquidity and financial flexibility to cost-effectively fund investment opportunities and debt maturities, with $430.3 million of loans maturing during the next 12 months, which they intend to refinance or pay off as they mature.

### Priority

-   **Development and Redevelopment Projects**: Estimated Pro-rata project costs of current in-process development and redevelopment projects totaled $498.5 million at March 31, 2025, compared to $497.3 million at December 31, 2024.

### Related Stocks

- [REGCP.US](https://longbridge.com/en/quote/REGCP.US.md)

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