Regency Centers FFO Tops Estimates; Lifts FY Guidance

(RTTNews) - Regency Centers Corp (REG), a real estate investment trust, on Wednesday reported second-quarter funds from operations of $71 million or $0.75 per share, up from $65.9 million or $0.71 per share last year.

Analysts polled by Thomson Reuters estimated FFO of $0.73 per share for the quarter. Analysts' estimates typically exclude special items.

Net income for the quarter increased to $32.5 million or $0.34 per share from $25.8 million or $0.28 per share last year.

For the full year 2015, the company now expects core FFO of $2.95 to $2.99 per share, from prior guidance of $2.93 to $2.97 per share. Analysts expect FFO of $2.96 per share.

The company said its board, on August 3, declared a quarterly cash dividend of $0.485 per common share.