For more retail coverage, click GlobeSt.com/RETAIL.
JACKSONVILLE, FL-Regency Centers Corp., a $3.5-billion company with a portfolio of 288 shopping centers and single-tenant properties, is reporting first-quarter net income of $34.7 million, or 55 cents per diluted share, versus $21.4 million and 35 cents per diluted share in the comparable 2004 period.
Funds from operations were $57.3 million, or 89 cents per diluted share, compared to $41.9 million and 68 cents last year at this time. The growth rate was 30.9%.
"Regency's first-quarter results were exceptional," says company chairman and CEO Martin E. Stein Jr. "The fundamentals were strong in each key facet of our business--the high quality operating portfolio, development and capital recycling and joint ventures."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
