Regency Center's earnings up in 2022, Q4 rises from 2021
Jacksonville-based Regency Centers Corp. saw its fourth quarter diluted earnings per share jump by 43%, helping to push full year EPS up by about a third.
The Jacksonville-based real estate investment trust announced net income of $95.3 million, or 56 cents per share, in the fourth quarter, which closed Dec. 31. The figure is a increase from the year-ago quarter, which saw net income of $67.9 million, or 39 cents per share.The national shopping center developer posted funds from operations for the quarter of $181.5 million, or $1.05 per share, up from $174.2 million, or $1.01 per share, a year ago.
“We are incredibly proud of our strong performance in 2022, a testament to the quality of our shopping centers, the health and resiliency of our tenants, and the hard work of our team,” CEO Lisa Palmer said in a statement. “Our leasing and value creation pipelines are supported by continued robust tenant demand, providing us great momentum into 2023, while our balance sheet strength allows us to remain opportunistic.
The company reported $210 million in completed acquisitions and $179 million in completed dispositions in 2022. During 2022's Q4, Regency Centers completed $39 million in acquisitions, including the $30 million purchase of the 200,000 square-foot East Meadow Plaza in East Meadow, New York. Pivoting toward 2023, the company's full year net income estimates net income attributable to common stockholders will come in between $1.92 and $2, while its estimated funds from operations will be $4.03 to $4.11.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Northwest Medical Center Houghton stopping childbirth and NICU servicesNext Monday, the Northwest Medical Center Houghton will close its OBGYN center after remaining open for only 8 months.
Read more »
Hyatt Regency offering ‘curling and cocktails’ balcony pop-up during FebruaryTwo different date-night experiences — curling on the balcony, or dining in a snow globe — are being offered at Salt Lake City's Hyatt Regency.
Read more »
Migrant encounters drop to 150,000 in January, lowest since early 2021: sourcesThere were approximately 150,000 migrant encounters at the southern border in January, multiple sources tell Fox News, the lowest number since February 2021.
Read more »
MAVERICKS | Vanity Fair | NOVEMBER 2021Tom Cruise found his crew—and they worked hard to bring ‘Top Gun: Maverick’ to life. “In anyone else’s hands, ‘Top Gun’ is a CGI movie,” star Glen Powell says. “Only Tom puts real actors in real planes.” VFArchive
Read more »
Used BMW ALPINA B3 TOURING BITURBO AUTO 2021 - 21K MILES, 2 OWNERS for sale2021 Alpina BMW B3 Touring £ 73,995 The last couple of B3 Touring’s we have recently offered found new homes very quickly and I’m sure this one will not hang around. This is hardly surprising for as well as being a rare sight they are such a complete performance car and excellent at just about everything. This example is rather special in being finished in the special order shade known as Grigio Telesto, originally a Lamborghini colour that suits this small estate car so well. The interior is finished in black leather and Alcantara. The Alpina comes very well equipped as standard however this example has a very high specification with the following options; Alpina badging in satin black Alpina decals in black Alpina Classic 20' forged wheel finished in Himalaya Grey Panoramic glass sunroof Keyless entry Sports seats front High Performance Braking System Parking Assistant with rear camera Acoustic Glazing Sun Protection Glass Alpina floor mats Alpina boot mat Galvanic embellisher for controls Switchtronic paddles in CNC aluminium Exterior electric folding/dimming mirrors Instrument panel in Sensatec Active Protection LED headlights with extended contents High beam assistant Driving Assistant Head Up display Harmon Kardon loudspeaker system Enhanced Bluetooth with wireless charging The car has covered 21,000 miles in the hands of two owners and remains immaculate throughout.
Read more »
Driver intoxicated and speeding when Tesla crashed and ignited near The Woodlands in 2021, NTSB saysIn addition to the report, the NTSB also recommends that manufacturers of electric cars provide details on how to put out the fire if this happens again.
Read more »