Regency Centers Corporation (NASDAQ: REG) reported second-quarter 2024 NAREIT funds from operations (FFO) per share of $1.06, outpacing the Zacks Consensus Estimate of $1.02. The figure increased 2.9% from the prior-year quarter. Results reflect healthy leasing activity and a year-over-year improvement in the base rent. However, high interest expenses during the quarter acted as a dampener. The company also raised its 2024 outlook. Total revenues of $357.3 million increased 13.7% from the year-ago period. However, the figure lagged the Zacks Consensus Estimate of $361.6 million. Behind the Headlines In the second quarter, Regency Centers executed approximately 2.2 million square feet of comparable new and renewal leases at a blended cash rent spread of 9.2%. As of Jun 30, 2024, REG's Same Property portfolio was 95.8% leased, remaining unchanged sequentially and reflecting an expansion of 80 basis points (bps) year over year. The Same Property anchor percent leased (includes spaces greater than or equal to 10,000 square feet) was 97.2%, remaining unchanged sequentially and increasing 80 bps year over year. The Same Property shop percent leased (includes spaces less than 10,000 square feet) was 93.5%, remaining unchanged sequentially and increasing 80 bps year over year. The ...