REG - Regency Centers Corporation (REG) Q1 2024 Earnings Call Transcript
2024-05-03 15:06:06 ET
Regency Centers Corporation (REG)
Q1 2024 Earnings Conference Call
May 3, 2024, 11:00 AM ET
Company Participants
Christy McElroy - Senior Vice President, Capital Markets
Lisa Palmer - President and CEO
Mike Mas - Chief Financial Officer
Alan Roth - East Region President and COO
Nick Wibbenmeyer - West Region President and CIO
Conference Call Participants
Lizzy Doykan - Bank of America
Michael Goldsmith - UBS
Juan Sanabria - BMO Capital Markets
Viktor Fediv - Scotiabank
Ronald Kamdem - Morgan Stanley
Ravi Vaidya - Mizuho
Craig Mailman - Citi
Ki Bin Kim - Truist
Floris Van Dijkum - Compass Point
Linda Tsai - Jefferies
Mike Mueller - JPMorgan
Tayo Okusanya - Deutsche Bank
RJ Milligan - Raymond James
Anthony Powell - Barclays
Presentation
Operator
Greetings. And welcome to the Regency Centers Corporation First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions]
As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Christy McElroy, Senior Vice President, Capital Markets. Thank you. You may begin.
Christy McElroy
Good morning. And welcome to Regency Centers first quarter 2024 earnings conference call. Joining me today are Lisa Palmer, President and Chief Executive Officer; Mike Mas, Chief Financial Officer; Alan Roth, East Region President and Chief Operating Officer; and Nick Wibbenmeyer, West Region President and Chief Investment Officer.
As a reminder, today’s discussion may contain forward-looking statements about the company’s views of future business and financial performance, including forward earnings guidance and future market conditions.
They are based on management’s current beliefs and expectations and are subject to various risks and uncertainties. It’s possible that actual results may differ materially from those suggested by these forward-looking statements we may make.
Factors and risks that could cause actual results to differ materially from these statements may be included in our presentation today and are described in more detail in our filings with the SEC, specifically our most recent Form 10-K and 10-Q filings.
In our discussion today, we will also reference certain non-GAAP financial measures. The comparable GAAP financial measures are included in this quarter’s earnings materials, which are posted on our Investor Relations website.
Please note that we have also posted a presentation on our website with additional information, including disclosures related to forward earnings guidance. Our caution on forward-looking statements also applies to these presentation materials. Lisa?
Lisa Palmer
Thank you, Christy, and good morning, everyone. We had another really solid quarter in line with our expectations and driven by a continuation of very healthy leasing fundamentals. Robust tenant demand is driving significant leasing activity across all of our shopping centers and this is evident in an even higher percent lease rate and strong rent growth....
Regency Centers Corporation (REG) Q1 2024 Earnings Call Transcript