Regency Centers Q4 FFO Up 7.3% on 8.5% Revenue Growth, 2026 FFO $4.83-$4.87
Regency Centers reported fourth-quarter 2025 FFO per share of $1.17, up 7.3% year over year, on revenues of $404.2 million, an 8.5% increase. Same-property NOI climbed 4.7% to $274.2 million and the company issued 2026 FFO guidance of $4.83-$4.87 per share.
1. Q4 Financial Results
Regency Centers generated fourth-quarter 2025 NAREIT FFO per share of $1.17, matching expectations and marking a 7.3% rise from the prior year. Total revenue reached $404.2 million, up 8.5% year over year, while same-property NOI excluding lease termination fees increased 4.7% to $274.2 million.
2. Leasing and Occupancy
During the quarter, the company executed approximately 1.7 million square feet of new and renewal leases at a blended cash rent spread of 12%. As of December 31, the same-property portfolio was 96.5% leased, with anchor occupancy at 97.9% and shop occupancy at 94.2%.
3. Portfolio Transactions
In Q4 the REIT completed a joint-venture property distribution involving 11 centers and sold Hammocks Town Center in Miami for about $72 million. Post quarter-end, it acquired Crystal Brook Corner on Long Island for $30 million, expanding its redevelopment pipeline.
4. 2026 Outlook
Regency Centers issued 2026 NAREIT FFO per share guidance in a range of $4.83 to $4.87, exceeding the current consensus estimate of $4.82. The company highlighted strong internal and external growth momentum to support long-term shareholder value.