JACKSONVILLE, FL—Regency Centers Corp. released favorable third quarter financing and operating results on Monday that included a 4.1% increase in net operating income and core funds from operations per share growth of 9.2%.
The owner, operator and developer of retail properties posted third quarter core funds from operations in the third quarter of 2014 of $65.5 million, or $0.71 per diluted share, compared to $60.2 million, or $0.65 per diluted share, for the same period in 2013. For the nine months, which ended Sept. 30, 2014, core FFO was $195.5 million, or $2.11 per diluted share, compared to $180.3 million, or $1.97 per diluted share, for the same period in 2013.
Regency reported net income for the third quarter of this year of $47.9 million, or $0.52 per diluted share, compared to net income of $35 million, or $0.38 per diluted share, for the same period in 2013. For the first nine months of this year, net income was $92.8 million, or $1.00 per diluted share, compared to $82.4 million, or $0.90 per diluted share in the third quarter of 2013.
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