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Nicholas Andrew Wibbenmeyer, the Western Region President and Chief Investment Officer of Regency Centers Corp (NASDAQ:REG), a $12.95 billion market cap retail REIT with a GOOD financial health rating according to InvestingPro, recently sold 4,158 shares of the company’s common stock. The shares were sold at an average price of $72.4401 each, amounting to a total transaction value of approximately $301,205. After this transaction, Wibbenmeyer holds 33,068.55 shares directly. This sale was reported in a filing with the Securities and Exchange Commission for the period ending May 21, 2025. The company maintains a strong dividend track record, having paid dividends for 32 consecutive years with a current yield of 3.97%. For deeper insights into insider trading patterns and comprehensive analysis, access the full Pro Research Report on InvestingPro.
In other recent news, Regency Centers Corporation reported a strong performance for the first quarter of 2025, surpassing earnings expectations with an EPS of 1.09, doubling the forecast of 0.5458. The company’s revenue also exceeded predictions, reaching $381.79 million against a forecast of $375.3 million. Regency Centers demonstrated robust operational efficiency, with a same property NOI growth of 4.3%, driven by base rent growth. Additionally, the company announced a $400 million public offering of senior unsecured notes due 2032, which will be used to reduce its line of credit and pay off outstanding notes. The offering is managed by a consortium of banks including Wells Fargo (NYSE:WFC) Securities and BofA Securities. Regency Centers also reaffirmed its 2025 earnings outlook, projecting a NAREIT FFO growth of nearly 6% and same property NOI growth of 3.6%. Furthermore, S&P upgraded Regency’s credit rating to A-, following an upgrade from Moody’s last year, making it the only A-rated company in the shopping center REIT sector. These developments highlight Regency’s strategic financial management and operational strength.
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