- Regency Centers has increased its full-year FFO (Funds From Operations) per share forecast to a range of $4.21 to $4.25, higher than the previous estimate of $4.15 to $4.21.
- The latest estimate for FFO per share was $4.19.
- For the second quarter, FFO per share reported was $1.06, surpassing both last year’s $1.03 and the estimate of $1.02.
- Same property Net Operating Income (NOI), excluding termination fees, increased by 2.7%, well above the estimate of 1.11%.
- The midpoint of Regency Centers‘ 2024 Core Operating Earnings guidance suggests a growth of approximately 4% year-over-year.
- This growth estimate excludes the collection of receivables that were reserved during the years 2020-2021.
- Analyst ratings include 17 buys, 4 holds, and 0 sells for Regency Centers.
A look at Regency Centers Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Regency Centers Corporation, a real estate investment trust specializing in grocery-anchored neighborhood retail centers, shows a promising long-term outlook based on its Smartkarma Smart Scores. With a solid rating of 4 out of 5 for both Dividend and Growth, Regency Centers demonstrates strength in providing consistent dividends to investors and has potential for future expansion and profitability. Its Momentum score of 4 indicates positive market momentum, reflecting investor interest and confidence in the company’s performance.
On the other hand, Regency Centers scores lower in Resilience with a rating of 2, suggesting some vulnerability to market fluctuations. However, with a Value score of 3, the company is considered reasonably priced relative to its intrinsic value. Overall, Regency Centers appears well-positioned for growth and income generation in the long run, leveraging its strong presence in various states across the United States.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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