Regency Ctrs Corp - REG STOCK NEWS

Regency Centers Corporation (NASDAQ: REG) announced the federal income tax treatment for 2020 distributions. Shareholders will receive a total distribution of $2.3800 per share, with $2.1900 classified as ordinary dividends. Notably, a dividend of $0.5950 per share was declared for record holders on December 16, 2020, and paid on January 5, 2021, with $0.4050 attributed to 2020 for tax purposes. The company advises shareholders to consult tax advisors regarding their specific tax treatment of distributions.

On January 15, 2021, Regency Centers repaid its $265 million term loan due in 2022, eliminating unsecured debt until 2024. The repayment incurred a $2.5 million charge due to terminated interest rate swaps. In Q4 2020, the company sold five shopping centers for $77.8 million, including three additional properties and land parcels totaling $8.1 million. Following a review of its investment pipeline, Regency expects to write off $7.0 to $9.0 million in pre-development costs, including $5.3 million related to the Serramonte Center. Future project details will be disclosed on February 11, 2021.

Regency Centers Corporation (NASDAQ: REG) will announce its Fourth Quarter 2020 earnings results on February 11, 2021, following market closure. The earnings release and supplemental information will be available on the Investor Relations section of Regency's website. An earnings conference call is scheduled for February 12, 2021, at 12:00 p.m. ET. Regency Centers is a leading owner and developer of shopping centers primarily in affluent areas and is a member of the S&P 500 Index.

Regency Centers Corporation (NASDAQ: REG) announced that Lisa Palmer, President and CEO, will present at Nareit’s REITworld: 2020 Virtual Investor Conference on November 19, 2020, from 9:45 am to 10:15 am ET. The presentation will be accessible to registered attendees, and registration for the event is complimentary. Regency Centers is a leading owner and developer of shopping centers in affluent areas, managing a portfolio that includes grocers, restaurants, and top retailers. For more information, visit RegencyCenters.com.

Regency Centers reported third quarter 2020 financial results, revealing a net income of $12.7 million ($0.07 per diluted share), down from $57 million in Q3 2019. Nareit FFO was $101.7 million ($0.60 per diluted share), significantly lower than the previous year's $166.1 million. Same property Net Operating Income (NOI) declined by 15.2%, attributed to increased uncollectible lease income due to the COVID-19 pandemic. The portfolio was 93.4% leased. Regency declared a quarterly dividend of $0.595 per share. Despite ongoing challenges, 97% of tenants were operational as of October 31, 2020.

Regency Centers Corporation (NASDAQ: REG) will report its Third Quarter 2020 earnings on November 5, 2020, post-market. The earnings release will be accessible on the Investor Relations section of the company's website. A conference call is scheduled for November 6, 2020, at 11:00 a.m. ET, where investors can join via dial-in or webcast. Regency Centers is a prominent owner and developer of shopping centers in affluent areas and is included in the S&P 500 Index.

Regency Centers Corporation reported second-quarter 2020 results with a net income of $19 million ($0.11 per diluted share), down from $51.7 million in 2019. NAREIT Funds From Operations (FFO) fell to $104.7 million ($0.61 per share) from $160 million. Same property Net Operating Income (NOI) declined by 20.1% due to increased uncollectible lease income tied to COVID-19, with a leasing rate of 94.5% as of June 30. The company launched a $600 million unsecured notes offering to strengthen liquidity. A quarterly dividend of $0.595 per share was declared, payable on August 24, 2020.

Regency Centers Corporation (NASDAQ: REG) is set to announce its Second Quarter 2020 earnings results on August 3, 2020, following market close. An earnings conference call will occur on August 4, 2020, at 11:00 a.m. ET. Investors can find detailed financial results and supplementary information on the company’s Investor Relations website. Regency Centers is a nationally recognized real estate investment trust that specializes in shopping centers situated in affluent areas.

Regency Centers Corporation (NASDAQ: REG) has released its annual Corporate Responsibility Report, emphasizing its commitment to corporate responsibility and key ESG initiatives. CEO Lisa Palmer highlighted Regency's focus on employee and community well-being, especially during the COVID-19 pandemic and in addressing social justice issues. The report showcases achievements in workforce diversity, community contributions of approximately $1.4M, and environmental stewardship, including greenhouse gas emissions reduction. Regency aims for an employee engagement score of over 85% and maintains high ethical governance standards.