Regency Centers Corp. Q4 Profit Increases, beats estimates

(RTTNews) - Regency Centers Corp. (REG) announced earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's earnings came in at $95.3 million, or $0.56 per share. This compares with $67.9 million, or $0.39 per share, in last year's fourth quarter.

Excluding items, Regency Centers Corp. reported adjusted earnings of $169.2 million or $0.98 per share for the period.

Analysts on average had expected the company to earn $0.46 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Regency Centers Corp. earnings at a glance (GAAP) :

-Earnings (Q4): $95.3 Mln. vs. $67.9 Mln. last year. -EPS (Q4): $0.56 vs. $0.39 last year. -Analyst Estimate: $0.46