Regency Centers Q2 FFO Rises - Quick Facts

(RTTNews) - Regency Centers Corp. (REG) Wednesday reported second-quarter funds from operations, or FFO, of $62.1 million or $0.68 per share, up from $61.3 million or $0.68 per share in the same period last year.

Core FFO for the quarter was $61.8 million or $0.67 per share. On average, 17 analysts polled by Thomson Reuters expected the company to earn $0.64 per share for the quarter. Analysts' estimates typically exclude special items.

Net income attributable to common stockholders increased to $31.9 million or $0.35 per share from $5.7 million or $0.06 per share last year.

Looking ahead to the fiscal 2013, the company has raised its FFO outlook to a range of $2.53 to $2.58 per share from its previous guidance range of $2.47 to $2.54 per share.

Core FFO is currently projected in a range of $2.55 to $2.60 per share, up from $2.50 to $2.57 per share, issued previously. Analysts currently expect full-year FFO of $2.57 per share.