$REG · REGENCY CENTERS CORP
Regency Centers filed an 8-K reporting Q3 2026 results. Nareit FFO was $1.23/share (up from $1.15), Core Operating Earnings $1.18/share, and Same Property NOI grew 5.1% YoY. The company raised FY26 Nareit FFO guidance to $4.86-$4.88 and Core Operating Earnings to $4.65-$4.67, while cutting net income guidance to $2.31-$2.33 from $2.48-$2.52. It also declared a 6% higher common dividend of $0.80/share.
- Q3 Nareit FFO rose to $1.23/share from $1.15 a year earlier.
- Same Property NOI grew 5.1% YoY; portfolio 97.0% leased.
- FY26 Nareit FFO guidance raised to $4.86-$4.88 per share.
- FY26 net income guidance cut to $2.31-$2.33 from $2.48-$2.52.
- Common dividend raised 6% to $0.80/share, payable January 5, 2027.
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A guidance raise plus dividend hike signals confidence, but the net income cut and $65.1M impairment warrant scrutiny.
Strong grocery-anchored shopping center fundamentals with 11.9% cash rent spreads and 97% occupancy support the REIT's guidance raise and dividend hike.
Q3 net income included a $65.1M impairment provision and was down YoY ($75.1M vs $106.0M), driving the FY26 net income guidance cut.