--- title: "Regency Centres Pref Share REG 5.875 Perp 09/21/23 | 8-K: FY2026 Q2 Revenue: USD 300.11 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/294258864.md" datetime: "2026-07-29T20:43:21.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294258864.md) - [en](https://longbridge.com/en/news/294258864.md) - [zh-HK](https://longbridge.com/zh-HK/news/294258864.md) --- # Regency Centres Pref Share REG 5.875 Perp 09/21/23 | 8-K: FY2026 Q2 Revenue: USD 300.11 M Revenue: As of FY2026 Q2, the actual value is USD 300.11 M. EPS: As of FY2026 Q2, the actual value is USD 0.61. EBIT: As of FY2026 Q2, the actual value is USD 178 M. ### Financial Reporting Dates REGENCY CENTERS CORPORATION issued an earnings release for the three and six months ended June 30, 2026, on July 29, 2026. #### Net Income Attributable to Common Shareholders Net Income Attributable to Common Shareholders was $112.4 million for the three months ended June 30, 2026, compared to $102.6 million for the same period in 2025. Year-to-date, Net Income Attributable to Common Shareholders was $237.487 million in 2026, up from $208.782 million in 2025. #### Nareit Funds From Operations (FFO) Nareit FFO for the three months ended June 30, 2026, was $226.3 million, an increase from $212.1 million in the same period of 2025. Year-to-date, Nareit FFO was $450.565 million in 2026, compared to $422.880 million in 2025. Reported Nareit FFO was $1.21 per diluted share for the second quarter of 2026. #### Core Operating Earnings Core Operating Earnings for the three months ended June 30, 2026, reached $217.7 million, up from $202.2 million in the prior year period. Year-to-date, Core Operating Earnings was $434.253 million in 2026, compared to $401.668 million in 2025. Core Operating Earnings were $1.16 per diluted share for the second quarter of 2026. #### Net Operating Income (NOI) Second quarter 2026 Same Property NOI increased by 3.8% year-over-year, with Same Property base rent growth contributing 3.7% to this increase. Total NOI for the second quarter of 2026 increased by 6.8% compared to the same period in 2025. Year-to-date Same Property NOI increased by 4.1% and total NOI increased by 7.6% compared to the same period in 2025. #### Occupancy and Leasing Activity As of June 30, 2026, Regency’s Same Property portfolio was 96.9% leased, an increase of 40 basis points year-over-year, and 94.5% commenced, up 50 basis points year-over-year. During the second quarter of 2026, the company executed 2.1 million square feet of comparable new and renewal leases at blended rent spreads of +10.4% on a cash basis and +19.5% on a straight-lined basis. For the twelve months ended June 30, 2026, 7.1 million square feet of comparable leases were executed with blended cash rent spreads of +11.8% and straight-lined rent spreads of +22.7%. #### Capital Allocation During the second quarter of 2026, the company started $68 million in ground-up development and redevelopment projects and completed approximately $20 million of redevelopment projects. As of June 30, 2026, in-process development and redevelopment projects had estimated net project costs of $680 million at a blended estimated yield of approximately 9%. The company acquired one shopping center and two outparcels for approximately $48 million in Q2 2026, with Regency’s share totaling $19 million. Subsequent to quarter end, two shopping centers were acquired for $101 million, or $42 million at Regency’s share. #### Balance Sheet and Liquidity As of June 30, 2026, Regency’s pro-rata net debt and preferred stock to TTM operating EBITDAre was 5.0x. The company had approximately $1.5 billion of available capacity under its revolving credit facility. Total Consolidated Debt to Total Consolidated Assets was 27%, and Secured Consolidated Debt to Total Consolidated Assets was 4%. Consolidated Income for Debt Service to Consolidated Debt Service was 4.7x, and Unencumbered Consolidated Assets to Unsecured Consolidated Debt was 384%. Total Capitalization was $20.5 billion, with Unsecured Debt - Bonds representing 72% and Secured debt representing 22% of the capital structure. Total pro rata debt was $5.4 billion, with a weighted average interest rate of 4.5% and weighted average years to maturity of 6.6. The Unsecured Credit Facility - Committed was $1,500 million, with a balance outstanding of - $30 million, resulting in an undrawn portion of $1,470 million. Cash, Cash Equivalents & Marketable Securities totaled $192 million, and Total Liquidity was $1,662 million. #### Credit Ratings As of June 30, 2026, S&P credit rating was A- with a Stable outlook, last reviewed on March 26, 2026. Moody’s credit rating was A3 with a Stable outlook, last reviewed on December 23, 2025. #### Outlook / Guidance Regency Centers raised its full year 2026 Nareit FFO guidance to a range of $4.84 to $4.88 per diluted share and its Core Operating Earnings guidance to a range of $4.62 to $4.66 per diluted share. The midpoint of the updated Core Operating Earnings guidance now projects year-over-year growth exceeding 5%. The company also increased its full year 2026 guidance for Same Property NOI growth to a range of 3.7% to 4.1% year-over-year. ### Related Stocks - [REGCO.US](https://longbridge.com/en/quote/REGCO.US.md) ## Related News & Research - [Gran Tierra Energy amends 8-K to file share sale and purchase agreement exhibit](https://longbridge.com/en/news/295388778.md) - [Yarrow Bioscience files amended 8-K report on merger exchange ratio update](https://longbridge.com/en/news/295840217.md) - [DNA X amends 8-K to update disclosure on Series B preferred stock sale for $2.5 million](https://longbridge.com/en/news/295838356.md) - [TELA Bio amends 8-K to detail former CEO Koblish separation benefits](https://longbridge.com/en/news/295839267.md) - [PSQ Holdings amends 8-K to disclose CEO Dusty Wunderlich employment terms](https://longbridge.com/en/news/295971581.md)