Regency Centers shares rise 1.73% premarket after raising annual FFO and profit forecasts.

Regency Centers Corporation rose 1.73% in premarket trading. The company reported a key measure of profitability in its second quarter, surpassing Wall Street expectations with funds from operations of $1.16 per share, compared to the average estimate of $1.12 per share. Additionally, Regency Centers raised its annual FFO and profit forecasts due to resilient shopping center demand.