Regency Centers publishes Q3 2026 earnings call transcript
REG•Regency Centers raised its 2026 same-property NOI growth guidance to 4.25% or higher, while quarterly same-property NOI rose 5.1% and the portfolio reached a record 97% leased. Management expects mid-3% same-property NOI growth in 2027 and said early debt refinancing could reduce earnings growth by 150–200 basis points.
1. Operating results and outlook
Regency Centers reported quarterly same-property NOI growth of 5.1%, and its portfolio reached a record 97% leased. The company raised its 2026 same-property NOI growth guidance to 4.25% or higher, with the midpoint of core operating earnings per share growth reaching 5.7%. Management expects same-property NOI growth in the mid-3% range in 2027, reflecting moderating occupancy gains and normalized bad debt expense.
2. Debt refinancing impact
Management said refinancing maturing debt early next year could reduce earnings growth by 150–200 basis points, with the impact biased toward the lower end. CEO Lisa Palmer, CFO Michael Mas and other executives participated in the November 6 third-quarter earnings call.
