Net income for the first half, however, was down at $43.6 million, or 72 cents per share, against $46.7 million, or 80 cents per diluted share, in 2002.
On Wednesday, the company announced it is selling 3.6 million shares of its common stock at $35.96 per share, a Wall Street price expected to net Regency $123.6 million after the offering closes Aug. 18.
The locally based retail REIT showed income from continuing operations as $22.4 million, or 34 cents per share, versus $15.3 million, or 25 cents per diluted share, last year. For the six-month period, income was $40.5 million, or 65 cents per diluted share, versus $33.2 million, or 54 cents per share, a year ago.
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