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JACKSONVILLE, FL – Regency Centers Corp (NASDAQ:REG) Executive Vice President and Chief Financial Officer Michael J. Mas recently sold 20,000 shares of the company’s common stock. The transaction, which took place on February 19, 2025, was executed at a price of $73.60 per share, amounting to a total value of $1,472,000.
Following the sale, Mas retains ownership of 54,020 shares in Regency Centers, a real estate investment trust based in Jacksonville, Florida. The sale was conducted directly by Mas, as indicated in the filing with the Securities and Exchange Commission. The $13.3 billion market cap company has maintained its dividend payments for 32 consecutive years, currently offering a 3.8% yield. InvestingPro subscribers can access detailed insider trading patterns and 8 additional key insights about REG’s financial health, which is currently rated as GOOD by InvestingPro’s comprehensive scoring system.
In other recent news, Regency Centers Corporation reported its fourth-quarter 2024 earnings, which showed a slight miss on both earnings per share (EPS) and revenue compared to analyst expectations. The company recorded an EPS of $0.47, just below the forecast of $0.48, and revenue of $359.1 million, which fell short of the projected $366.64 million. Despite this, the company achieved a 5% growth in core operating earnings for the year, alongside a strong same-property net operating income (NOI) growth of 3.6%. KeyBanc Capital Markets maintained its Overweight rating on Regency Centers, with a price target of $84, highlighting the company’s resilience amidst increased bankruptcy-related activities in the retail sector.
Regency Centers has demonstrated robust fundamentals, achieving a record leased rate of 96.7% and maintaining a strong pipeline of leases, which includes $44 million in incremental annual base rent. The company’s capital deployment activities, with projects yielding over 9%, are expected to further enhance financial performance. Regency completed $230 million in development projects in 2024, and its strategic focus on development and redevelopment projects continues to show promising results. Looking forward, Regency Centers anticipates a same-property NOI growth of 3.2% to 4% and plans to continue its $250 million annual development program.
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