Regency Centers FFO Rises

(RTTNews) - Regency Centers Corp (REG), a real estate investment trust focused on shopping centers, on Wednesday reported fourth-quarter funds from operations of $73 million or $0.78 per share compared with $60 million or $0.65 per share last year.

Excluding items, core funds from operations for the quarter were $0.71 per share compared with $0.66 per share last year.

Analysts polled by Thomson Reuters estimated funds from operations of $0.72 per share for the quarter. Analysts' estimates typically exclude special items.

The company's net earnings to equity holders for the quarter were $73.5 million or $0.79 per share compared with $46.3 million or $0.50 per share in the prior year.

Revenues for the quarter were $130.4 million compared with $121 million in the prior year. Analysts estimated revenues of $130 million.

For the full year 2015, the company expects core funds from operations of $2.91 to $2.97 per share, while analysts expect $2.96 per share.