Regency Centers Reaffirms FY14 FFO Guidance; Boosts Dividend

(RTTNews) - Regency Centers Corp. (REG) said Wednesday that it expects Core Funds From Operations for the fourth quarter of 2014 to be in the range of $0.70 to $0.72 per share and Fund From Operations for the quarter to be in the range of $0.76 to $0.79 per share.

the company affirmed its full year 2014 Core FFO guidance of $2.81 to $2.83 per share and FFO guidance of $2.88 to $2.91 per share.

Analysts polled by Thomson Reuters expect the company to report FFO of $0.71 per share for the fourth quarter and $2.82 per share for the full year 2014. Analysts' estimates typically exclude special items.

The company also said its Board of Directors has declared a quarterly cash dividend on the company's common stock of $0.485 per share, which represents an increase of 3.2%. The dividend is payable on March 5 to shareholders of record as of February 23.