REGENCY CTRS CORP
SymbolREG

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Regency Centers Reports Third Quarter Results

2009-10-30 07:00 ET - News Release


Company Website: http://www.regencycenters.com
JACKSONVILLE, Fla. -- (Business Wire)

Regency Centers Corporation (NYSE:REG)announced today financial and operating results for the quarter and nine months ended September 30, 2009.

Earnings and Operations

Regency reported Recurring Funds From Operations (FFO) for the third quarter of $55.9 million, or $0.69 per diluted share, compared to $57.7 million and $0.82 per diluted share for the same period in 2008.

For the nine months ended September 30, 2009, Recurring FFO was $157.0 million or $2.06 per diluted share, compared to $176.9 million or $2.51 per diluted share for the same period last year, a per share decrease of 18%. The change in Recurring FFO per diluted share is primarily related to lower net operating income and higher interest expense.

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