Regency Centers raised Q3 net income by 10.8%, surpassing expectations, and revised FY24 earnings guidance to $4.27-4.29 EPS.

Regency Centers (NASDAQ: REG) revised its FY24 earnings guidance to an EPS of $4.27-4.29. The stock rose to $71.75 following a report of a 10.8% increase in Q3 net income to $98.1 million ($0.54 per share), surpassing expectations. The company reported a return on equity of 5.63% and a high dividend payout ratio of 128.23%. Regency also announced over $100 million in new development projects, reflecting strong operational performance.

October 28, 2024
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