Quarterly ResultApr 29, 2026, 04:49 PM
REG Q1 FFO $1.20, Net Income $0.68; Raises 2026 Net Income Guidance
AI Summary
Regency Centers reported strong first-quarter 2026 results with Nareit FFO of $1.20 per diluted share and Net Income of $0.68 per diluted share, both up year-over-year. The company achieved a 4.4% increase in Same Property NOI and executed 1.5 million square feet of comparable leases with robust rent spreads. Regency also raised its full-year 2026 Net Income guidance and authorized a new $500 million share repurchase program, while reaffirming other key guidance metrics.
Key Highlights
- Q1 2026 Nareit FFO was $1.20 per diluted share, up from $1.15 in Q1 2025.
- Q1 2026 Net Income Attributable to Common Shareholders was $0.68 per diluted share, up from $0.58 in Q1 2025.
- Increased Same Property Net Operating Income (NOI) year-over-year by 4.4%.
- Executed 1.5 million square feet of comparable leases with blended cash rent spreads of +12.1%.
- Raised full-year 2026 Net Income guidance to $2.45-$2.49 per diluted share from $2.35-$2.39.
- Authorized a refreshed share repurchase program of up to $500 million through February 2029.
- Priced a public offering of $450 million senior unsecured notes due 2033 at a 4.50% coupon.
- Same Property percent leased ended the quarter at 96.6%, flat year-over-year.