Regency Centers reports Q1 FFO $1.08, consensus $1.04

First quarter 2024 Same Property Net Operating Income, excluding lease termination fees and the collection of receivables reserved during 2020 and 2021, increased by 2.1% compared to the same period in 2023. “We had another successful quarter, with strength in tenant demand driving robust activity across our operating shopping centers and development business,” said Lisa Palmer, President and Chief Executive Officer. “This is evident in our record pipeline of executed leases and growth in our in-process development and redevelopment projects to more than a half billion dollars, supporting continued positive momentum for the balance of the year and into 2025.”