Regency Centers (REG) Revenue — Quarter Ended Dec 31, 2023
Regency Centers Corporation reported higher revenue for the quarter, driven by continued growth in its portfolio. The company saw an increase compared to both the prior quarter and the same period last year.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Regency Centers Corporation reported higher revenue for the quarter, driven by continued growth in its portfolio. The company saw an increase compared to both the prior quarter and the same period last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$359.6M
Revenue reported for this quarter.
Quarter-over-quarter
+8.8%
Change from the immediately preceding quarter.
Year-over-year
+14.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$1.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 31, 2023 | $318M | +4.8% |
| Jun 30, 2023 | $314.2M | +4.0% |
| Sep 30, 2023 | $330.6M | +8.8% |
| Dec 31, 2023 | $359.6M | +14.3% |
Revenue performance
The revenue growth reflects solid operational performance, with the filing context noting increases in base rent and tenant recoveries.
Quarterly comparison
Revenue rose relative to the immediately preceding quarter and also showed a notable improvement compared to the same quarter one year earlier.
What to watch
Monitor the sustainability of rent growth and tenant demand in the upcoming quarters.