Regency Centers Corporation announced its financial and operating results for the fourth quarter and full year ended December 31, 2024. Net Income Attributable to Common Shareholders was $0.46 per diluted share for the fourth quarter of 2024, compared to $0.47 per diluted share in the prior year period. For the full year 2024, Net Income Attributable to Common Shareholders was $2.11 per diluted share, an increase from $2.04 per diluted share in 2023.
The company reported Funds from Operations (FFO) of $1.09 per share for the quarter, exceeding the average analyst estimate of $1.07 per share. Management highlighted record-high occupancy levels and the highest annual volume of development and redevelopment starts in nearly two decades.
Regency Centers also provided its initial 2025 earnings guidance, indicating a positive outlook for the upcoming year. These operational achievements and strategic development activity provide a strong foundation for sustained earnings growth.
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