Regency Centers Reports Second Quarter Results

JACKSONVILLE, FL--(BUSINESS WIRE)--Regency Centers Corporation (NYSE:REG) has announced financial and operating results for the quarter and six months ended June 30, 2008.

(Martin E. Stein Jr., top right photo, is Regency's chief executive officer.)

Funds From Operations (FFO) for the second quarter was $68.3 million, or $0.97 per diluted share, compared to $65.8 million and $0.94 per diluted share for the same period in 2007.

For the six months ended June 30, 2008, FFO was $129.5 million or $1.84 per diluted share, compared to $144.9 million or $2.07 per diluted share for the same period last year, a per share decrease of 11%.

The change in FFO per share is primarily related to transaction profits of $6.7 million in the first half of 2008 compared with profits of $33.5 million in the first half of 2007. Investment Trust industry.

Net income for common stockholders for the quarter was $31.9 million, or $0.45 per diluted share, compared to $44.4 million and $0.64 per diluted share for the same period in 2007.

Net income for the six months ended June 30, 2008, was $58.6 million or $0.83 per diluted share, compared to $96.4 million and $1.39 per diluted share for the first half of 2007.

For a complete detailed copy of the company's news release, please contact Lisa Palmer, 904-598-7636. http://www.regencycenters.com/