Regency Centers (REG) Tops Q1 EPS by 19c; Raises FY19 EPS Guidance

Regency Centers (NASDAQ: REG) reported Q1 EPS of $0.54, $0.19 better than the analyst estimate of $0.35.

“Regency had another solid quarter that was in line with expectations,” said Martin E. “Hap” Stein, Jr., Chairman and Chief Executive Officer. “The teams continued to elevate our already high quality portfolio through the many remerchandising and value creation opportunities that are in process and further enhanced our blue-chip balance sheet through a successful bond offering. This progress should position Regency to achieve our long term goals for annual growth in core earnings and dividends of 4% to 6% and total returns in the 8% to 10% range.”

GUIDANCE:

Regency Centers sees FY2019 EPS of $1.14-$1.47, versus the consensus of $1.51.

For earnings history and earnings-related data on Regency Centers (REG) click here.

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