|Bid||65.36 x 1300|
|Ask||65.40 x 900|
|Day's Range||65.22 - 66.00|
|52 Week Range||55.78 - 78.78|
|Beta (5Y Monthly)||1.10|
|PE Ratio (TTM)||23.22|
|Earnings Date||Nov 02, 2022 - Nov 07, 2022|
|Forward Dividend & Yield||2.50 (3.92%)|
|Ex-Dividend Date||Sep 14, 2022|
|1y Target Est||68.50|
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Regency Centers' (REG) second-quarter results outshine estimates, driven by solid top-line growth and strong leasing activity. It raises 2022 guidance.
After a quarter in which net earnings per share rose by about 9%, Jacksonville-based Regency Centers has gotten more optimistic about what the rest of the year will look like. The real estate investment trust (Nasdaq: REG) reported net income of $104.8 million, or 61 cents per share, up from $95.5 million, or 56 cents per share, in the year-ago quarter. For the quarter, which closed June 30, Regency Center's funds from operations were $173.9 million, or $1 per share, up from $168.4 million, or 99 cents per share, a year ago.
Regency Centers (REG) delivered FFO and revenue surprises of 5.26% and 1.44%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?