Regency Centers Corporation (NASDAQ:REG) is set to announce second quarter earning results on Monday 3rd August 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, REG to report 2Q20 income of $ 0.27 per share from revenue of $ 250.73 million.
For the full year, analysts anticipate top line of $ 1055.01 million, while looking forward to income of $ 0.95 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 3.90 ~ $ 3.93 per share
Click Here For More Historical Outlooks Of Regency Centers Corporation
Previous Quarter Performance
Regency Centers Corporation posted income for the first quarter of $ 0.98 per share, from the revenue of $ 283.66 million. The quarterly earnings surged 81.48 percent while revenues lowered 0.91 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.36 per share from $ 281.61 million in revenue. The bottom line results beat street analysts by $ 0.62 or 172.22 percent, at the same time, top line results outshined analysts by $ 2.05 million or 0.73 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of REG was $ 41.03, representing a 29.03 % increase from the 52 week low of $ 31.80 and a 41.49 % decrease over the 52 week high of $ 70.13.
The company has a market capital of $ 6.96 billion and is part of the Real Estate sector and REIT – Retail industry.
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Recent Stock Dividend Announcement
On May 4, 2020, the board of directors authorized quarterly dividend of $ 0.595 per share to holders of record as of the close of business on May 18, 2020, with payment date of May 26, 2020 and ex-dividend date on May 15, 2020.
Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers. Operating as a fully integrated real estate company, Regency Centers is a qualified real estate investment trust (REIT) that is self-administered, self-managed, and an S&P 500 Index member.
