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Higher revenue growth kept Regency Centers Corporation 's (REG) winning streak alive, with a positive earnings surprise of around 3% in third-quarter 2014. In particular, the company's core funds from operations (core FFO) of 71 cents per share exceeded the Zacks Consensus Estimate by 2 cents and the year-ago quarter figure by 6 cents.
Encouragingly, this retail real estate investment trust (REIT) raised its outlook for 2014. In addition, including non-core items, reported FFO for the quarter was 70 cents per share, up from the prior-year quarter figure of 65 cents.
Total revenue for the quarter rose 11% year over year to $133.6 million, exceeding the Zacks Consensus Estimate of $130 million.
