Regency Centers Pref Share REG 6.25 Perp 09/21/23 | 8-K: FY2025 Q2 EPS: USD 0.56

EPS: As of FY2025 Q2, the actual value is USD 0.56.

Segment Revenue

• Net Income Attributable to Common Shareholders: $102.6 million for the three months ended June 30, 2025, compared to $99.3 million for the same period in 2024.
• Nareit FFO: $212.1 million for the three months ended June 30, 2025, compared to $196.4 million for the same period in 2024.
• Core Operating Earnings: $202.2 million for the three months ended June 30, 2025, compared to $189.3 million for the same period in 2024.

Operational Metrics

• Same Property NOI: Increased by 7.4% for the second quarter of 2025 compared to the same period in 2024.
• Same Property Base Rent Growth: Contributed 4.5% to Same Property NOI growth in the second quarter.
• Occupancy: Same Property portfolio was 96.5% leased as of June 30, 2025, an increase of 100 basis points compared to June 30, 2024.
• Leasing Activity: Executed approximately 1.9 million square feet of comparable new and renewal leases during the three months ended June 30, 2025, at a blended cash rent spread of +10.0% and a blended straight-lined rent spread of +19.3%.

Cash Flow

• Operating Cash Flow: Not explicitly mentioned in the provided data.
• Free Cash Flow: Not explicitly mentioned in the provided data.

Unique Metrics

• In-Process Development and Redevelopment Projects: Estimated net project costs of $518 million at a blended estimated yield of 9% as of June 30, 2025.
• Senior Unsecured Notes Issuance: Issued $400 million of senior unsecured notes due 2032, with a coupon of 5.0%.
• Pro-rata Net Debt and Preferred Stock to TTM Operating EBITDAre: 5.3x as of June 30, 2025.

Outlook / Guidance

• 2025 Nareit FFO Guidance: Raised to a range of $4.59 to $4.63 per diluted share.
• 2025 Core Operating Earnings Guidance: Raised to a range of $4.36 to $4.40 per diluted share.
• 2025 Same Property NOI Growth Guidance: Raised to a range of 4.5% to 5.0% year-over-year growth.

Outlook

Regency Centers has raised its 2025 guidance for Nareit FFO and Core Operating Earnings, indicating a positive outlook with expected growth in financial performance. The company also anticipates continued strong leasing activity and development yields, supported by strategic acquisitions and a stable capital structure.