Regency Centers Lifts 2013 Profit View; Guides 2014 - Quick Facts

(RTTNews) - Regency Centers Corp. (REG) announced that it updated its previously announced 2013 earnings guidance and provided certain components of its earnings guidance for 2014.

For 2013, the company now anticipates net income attributable to common stockholders to be in the range of $1.37 - $1.39 per share, funds from operations of $2.57 - $ 2.59 per share, and core funds from operations of $2.61 - $2.63 per share. Analysts polled by Thomson Reuters expect the company to report earnings of $2.60 per share and revenues of $477.26 million for fiscal 2013. Analysts' estimates typically exclude special items.

Earlier, the company expected net income attributable to common stockholders to be in the range of $1.03- $1.06 per share, funds from operations of $2.56 - $ 2.59 per share, and core funds from operations of $2.60 - $2.63 per share for 2013.

Looking ahead for 2014, the company expects net income attributable to common stockholders to be in the range of $0.75 - $0.81 per share, funds from operations of $2.62 - $2.68 per share, core funds from operations of $2.66 - $2.72 per share. Street currently is looking for fiscal year 2014 earnings of $2.69 per share on annual revenues of $491.51 million.