GlobeNewswire·Nov 5, 2026, 5:08 PM ET

Regency Centers Reports Third Quarter 2026 Results and Increases Common Stock Dividend

REG

Regency Centers reported Net Income of $0.41 per diluted share for the three months ended September 30, 2026, down from $0.58 in the same period in 2025.
Third Quarter 2026 Nareit FFO was $1.23 per diluted share, while Core Operating Earnings were $1.18 per diluted share.
Same Property Net Operating Income (NOI) increased by 5.1% year-over-year, with base rent growth contributing 4.0%.
The Company raised its full year 2026 Nareit FFO guidance to $4.86-$4.88 per diluted share.
Full year 2026 Core Operating Earnings guidance was raised to $4.65-$4.67 per diluted share, representing 5.7% year-over-year growth.
Same Property NOI growth guidance for 2026 was increased to 4.25% or higher.
Same Property portfolio occupancy stood at 97.0% as of September 30, 2026, up 60 basis points year-over-year.
Regency executed 1.7 million square feet of new & renewal leases in the quarter with blended cash rent spreads of 11.9%.
Development starts totaled $101 million in the quarter, bringing year-to-date starts to approximately $241 million.
In-process development projects carried estimated net costs of $682 million with a blended yield of approximately 9%.
The Company acquired two shopping centers for $101 million total, with Regency's share at $42 million.
Pro-rata net debt to TTM operating EBITDA was 4.9x as of September 30, 2026.
The Board declared a quarterly common stock dividend of $0.80 per share, a 6% increase from the prior year.
Net Income for the quarter included a $65.1 million provision for impairment & $23.8 million in gains on real estate sales.
The Company has approximately $1.4 billion in available capacity under its revolving credit facility.

Company: Regency Centers Corporation
Keywords: Nasdaq:REG, Regency Centers Corporation