Regency Centers Q3 FFO rises as base rent grows, net income falls
REG•REG•REG•REG•Regency Centers reported higher year-over-year Nareit FFO per share and lower net income per share for the third quarter, and raised its 2026 guidance. It also increased its quarterly dividend by 6%.
Regency Centers reported third-quarter net income of $75.1 million and Nareit FFO of $230.8 million. Net income per share fell year-over-year, while Nareit FFO per share rose. Base rent growth contributed 4.0% to Same Property NOI growth, and the portfolio was 97.0% leased at quarter end, up 60 basis points year-over-year. New and renewal leases had blended cash rent spreads of 11.9%.
The company raised its 2026 Nareit FFO guidance to $4.86-$4.88 per share, Same Property NOI growth guidance to at least 4.25%, and Core Operating Earnings guidance to $4.65-$4.67 per share. Regency Centers also raised its quarterly dividend by 6%.
