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Regency Centers logoRegency Centers REG

Regency Centers reported Nareit FFO of $213.5 million ($1.15 per diluted share) and Core Operating Earnings of $202.6 million ($1.09 per diluted share) for the 3 months ended Q3 2025. For the same period in the prior year, Nareit FFO was $195.1 million ($1.07 per diluted share) and Core Operating Earnings was $187.8 million ($1.03 per diluted share).

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Regency Centers reported Nareit FFO of $213.5 million ($1.15 per diluted share) and Core Operating Earnings of $202.6 million ($1.09 per diluted share) for the 3 months ended Q3 2025. For the same period in the prior year, Nareit FFO was $195.1 million ($1.07 per diluted share) and Core Operating Earnings was $187.8 million ($1.03 per diluted share).

  2. The company said Same Property NOI, excluding termination fees, increased 4.8% year-over-year in Q3, and Same Property percent leased was 96.4%. During the quarter, Regency executed approximately 1.8 million square feet of comparable new and renewal leases at blended rent spreads of +12.8% on a cash basis and +22.9% on a straight-lined basis.

  3. Regency provided 2025 Nareit FFO guidance of $4.62 to $4.64 per diluted share, compared to prior guidance of $4.59 to $4.63 per diluted share, and Core Operating Earnings guidance of $4.39 to $4.41 per diluted share, compared to prior guidance of $4.36 to $4.40 per diluted share. The company said Same Property NOI growth guidance, excluding termination fees, is +5.25% to +5.5%, compared to prior guidance of +4.5% to +5.0%.

  4. Regency said it acquired 5 shopping centers located within the Rancho Mission Viejo master planned community in Orange County, CA, for $357 million on July 23, 2025. The company also said its Board of Directors declared a quarterly cash dividend on common stock of $0.755 per share on October 27, 2025, an increase of approximately 7.1%.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Q3 Nareit FFO and Core Operating Earnings

Regency Centers reported Nareit FFO of $213.5 million ($1.15 per diluted share) and Core Operating Earnings of $202.6 million ($1.09 per diluted share) for the 3 months ended Q3 2025. For the same period in the prior year, Nareit FFO was $195.1 million ($1.07 per diluted share) and Core Operating Earnings was $187.8 million ($1.03 per diluted share).

Source · Based on the filing body and exhibits

Same Property NOI, Occupancy and Lease Spreads

The company said Same Property NOI, excluding termination fees, increased 4.8% year-over-year in Q3, and Same Property percent leased was 96.4%. During the quarter, Regency executed approximately 1.8 million square feet of comparable new and renewal leases at blended rent spreads of +12.8% on a cash basis and +22.9% on a straight-lined basis.

Source · Based on the filing body and exhibits

2025 Guidance Raised

Regency provided 2025 Nareit FFO guidance of $4.62 to $4.64 per diluted share, compared to prior guidance of $4.59 to $4.63 per diluted share, and Core Operating Earnings guidance of $4.39 to $4.41 per diluted share, compared to prior guidance of $4.36 to $4.40 per diluted share. The company said Same Property NOI growth guidance, excluding termination fees, is +5.25% to +5.5%, compared to prior guidance of +4.5% to +5.0%.

Source · Based on the filing body and exhibits

Rancho Mission Viejo Acquisition and Common Dividend Increase

Regency said it acquired 5 shopping centers located within the Rancho Mission Viejo master planned community in Orange County, CA, for $357 million on July 23, 2025. The company also said its Board of Directors declared a quarterly cash dividend on common stock of $0.755 per share on October 27, 2025, an increase of approximately 7.1%.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.