JACKSONVILLE, FL—Regency Centers Corp. releasedfavorable third quarter financing and operating results on Mondaythat included a 4.1% increase in net operating income and corefunds from operations per share growth of 9.2%.
The owner, operator and developer of retail properties postedthird quarter core funds from operations in the third quarter of2014 of $65.5 million, or $0.71 per diluted share, compared to$60.2 million, or $0.65 per diluted share, for the same period in2013. For the nine months, which ended Sept. 30, 2014, core FFO was$195.5 million, or $2.11 per diluted share, compared to $180.3million, or $1.97 per diluted share, for the same period in2013.
Regency reported net income for the third quarter of this yearof $47.9 million, or $0.52 per diluted share, compared to netincome of $35 million, or $0.38 per diluted share, for the sameperiod in 2013. For the first nine months of this year, net incomewas $92.8 million, or $1.00 per diluted share, compared to $82.4million, or $0.90 per diluted share in the third quarter of2013.
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