Regency Centers Boosts Outlook

Retail center operator Regency Centers(REG Quote) boosted its third quarter outlook for funds from operations.

The Jacksonville, Fla.-based company now expects third-quarter FFO of 99 cents to $1.01 a share, up from its earlier forecast of 85 cents to 92 cents a share. Analysts surveyed by Thomson First Call expect FFO of 91 cents a share in the third quarter.

The updated third quarter guidance primarily reflects a favorable impact from earlier than expected transaction profits and higher than expected recognition of profits from the company's captive insurance program, it said. ...