REG Earnings Prediction
The chart below shows how REG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, REG sees a -2.13% change in stock price 10 days leading up to the earnings, and a +1.03% change 10 days following the report. On the earnings day itself, the stock moves by +0.98%. This data can give you a slight idea of what to expect for the next quarter's release.
REG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
372.54M
3.60%
3.41%
Gross Margin
43.76%
6.52%
2.96%
Operating Margin
36.55%
12.88%
3.89%
Net Margin
23.80%
-6.99%
-17.22%
EPS
0.46
-2.13%
-14.81%
No Data Available
REG Earnings Analysis
Regency Centers Corp Corporation (REG.O) Earnings Conference Call
Positive
Same Property NOI Growth: Same property NOI growth for Q4 was 4% and 3.6% for the full year, driven by strong tenant demand and base rent growth.
Record Lease Volume: Regency executed nearly 2,000 leases totaling over 9.4 million square feet in 2024, marking a record high volume for the company.
Leasing Fundamentals Strength: The same property lease rate ended the year at 96.7%, with shop occupancy lease rate at 94.1%, indicating strong leasing fundamentals.
Record Development Projects: Development and redevelopment projects started in 2024 totaled nearly $260 million, with blended yields exceeding 10%, the highest level of annual starts in nearly two decades.
Dividend Increase Announcement: A 5% increase in dividends was announced for Q4, reflecting the company's commitment to returning value to shareholders.
Negative
NOI Growth Slowdown: Same property NOI growth excluding term fees and COVID period reserve collections was only 3.6% for the full year, indicating a slowdown in growth compared to previous periods.
Credit Loss Forecast Stability: The credit loss forecast for 2025 remains unchanged at 75 to 100 basis points of total revenues, reflecting ongoing concerns about tenant bankruptcies and credit risk exposure.
Cost Management Challenges: Operating expenses grew less than 1% year over year, suggesting potential cost management challenges in a rising price environment, which could impact future profitability.
NAREIT FFO Guidance 2025: The guidance for NAREIT FFO in 2025 is only $4.52 to $4.58 per share, indicating a modest growth rate of nearly 6% year over year, which may not meet investor expectations for stronger performance.
Interest Expense Impact: Interest expense is expected to be a headwind, with a noted $0.09 impact due to refinancing activities, which could pressure overall earnings growth.
REG FAQs
How does REG typically perform around its earnings report dates?
Is Regency Centers Corp (REG) Q4 2024 Earnings Call Summary positive or negative?
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REG Earning Call Sentiment
Earnings call transcript: Regency Centers Q4 2024 misses EPS forecast
REG.O
1.1%Positive
The earnings call summary indicates strong financial performance with significant base rent and GAAP rent spreads, robust development and investment activities, and a dividend increase. The Q&A section reveals some concerns about credit loss and competition, but management's overall outlook remains positive with plans for further development. The dividend increase and share repurchase activities are positive indicators for shareholder returns. Despite some headwinds, the optimistic guidance and strong financial metrics suggest a positive stock price movement over the next two weeks.
