Thursday, May 12, 2011
JACKSONVILLE, FL.--(BUSINESS WIRE)-- Regency Centers Corporation (NYSE:REG) announced today that the financial results for the quarter ended March 31, 2011 as reported on May 4, 2011 remain unchanged following the completion of its review related to the accounting for its non-qualified deferred compensation plan.
On May 4, 2011 Regency Reported the Following Earnings Results:
Regency reported Recurring Funds From Operations (FFO) for the first quarter of $51.0 million, or $0.59 per diluted share, compared to $52.3 million and $0.63 per diluted share for the same period in 2010.
Regency reported net income attributable to common stockholders for the quarter of $2.2 million, or $0.02 per diluted share, compared to $11.4 million and $0.14 per diluted share for the same period in 2010.
During the quarter, the Company recorded a $4.6 million impairment on our interest in a development joint venture.
Funds From Operations (FFO) for the first quarter was $48.1 million, or $0.56 per diluted share. For the same period in 2010, the Company reported FFO of $48.6 million and $0.58 per diluted share.
Regency’s Form 10-Q for the quarter ended March 31, 2011 has been filed with the SEC.
For a complete copy of the company’s news release and financials, please contact Lisa Palmer, 904-598-7636