Regency Centers Corp reports results for the quarter ended June 30 - Earnings Summary

• Regency Centers Corp REG.OQ reported quarterly adjusted earnings of 60 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 54 cents. The mean expectation of ten analysts for the quarter was for earnings of 55 cents per share. Wall Street expected results to range from 52 cents to 59 cents per share.

• Revenue rose 6.6% to $380.85 million from a year ago; analysts expected $371.17 million.

• Regency Centers Corp's reported EPS for the quarter was 59 cents​.

• The company reported quarterly net income of $108.35 million.

• Regency Centers Corp shares had fallen by 1.7% this quarter and lost 5.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell." The average consensus recommendation for the commercial reits peer group is also "buy"

• Wall Street's median 12-month price target for Regency Centers Corp is $79.00, about 11.3% above its last closing price of $70.04

This summary was machine generated from LSEG data July 29 at 09:41 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)