Regency Centers Reports Second Quarter 2026 Results

JACKSONVILLE, Fla., July 29, 2026 (GLOBE NEWSWIRE) -- Regency Centers Corporation (“Regency Centers,” “Regency” or the “Company”) (Nasdaq: REG) today reported financial and operating results for the period ended June 30, 2026, and provided updated 2026 earnings guidance. For the three months ended June 30, 2026 and 2025, Net Income Attributable to Common Shareholders was $0.61 and $0.56, respectively, per diluted share.

Second Quarter 2026 Highlights * Reported Nareit Funds From Operations ("FFO") of $1.21 per diluted share and Core Operating Earnings of $1.16 per diluted share * Increased quarterly Same Property Net Operating Income ("NOI") year-over-year by 3.8% * Raised full year 2026 Nareit FFO guidance to a range of $4.84 to $4.88 per diluted share and 2026 Core Operating Earnings guidance to a range of $4.62 to $4.66 per diluted share * The midpoint of 2026 Core Operating Earnings guidance now represents year-over-year growth exceeding 5% * Raised full year 2026 guidance for Same Property NOI growth to a range of 3.7% to 4.1% year-over-year * Same Property percent leased ended the quarter at 96.9%, up 40 basis points year-over-year, and Same Property percent commenced ended the quarter at 94.5%, up 50 basis points year-over-year * Executed 2.1 million square feet of comparable new and renewal leases during the quarter at blended rent spreads of 10.4% on a cash basis and 19.5% on a straight-lined basis * Started $68 million of ground-up development and redevelopment projects * As of June 30, 2026, Regency's in-process development and redevelopment projects had estimated net project costs of $680 million at a blended estimated yield of approximately 9% * Acquired one shopping center and two outparcels for a total of approximately $48 million, or $19 million at Regency's share * Pro-rata net debt and preferred stock to TTM operating EBITDAre at June 30, 2026 was 5.0x * Issued the Company's annual Corporate Responsibility report, highlighting achievements and progress within our corporate responsibility program * Subsequent to quarter end, acquired two shopping centers for $101 million, or $42 million at Regency's share “Our team delivered another excellent quarter, highlighted by strong earnings and NOI growth, robust tenant demand, and continued momentum across our investments platform,” said Lisa Palmer, President and Chief Executive Officer. “These results reflect the strength of our strategy, anchored by our high-quality portfolio, leading national development program, fortress balance sheet and exceptional team. Together, these position us to drive attractive, sustainable growth and long-term value for our shareholders.”