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Regency Centers Boosts Guidance

TSC and IRIS Staff

Retail center operator Regency Center(REG Quote) said boosted its second quarter outlook for funds from operations.

The Jacksonville, Fla.-based company now expects second-quarter FFO of 92 cents a share to 94 cents a share, up from its earlier forecast of 84 cents a share to 89 cents a share. Analysts surveyed by Thomson First Call expect FFO of 90 cents a share in the second quarter.

For the full year, FFO guidance remains unchanged at $3.78 a share to $3.86 a share as against analysts' expectation of $3.84 a share.

The company said it will release its second quarter results on Aug. 2.

The company's stock closed up 7 cents, or 0.1%, at $64.14 Tuesday.