Welcome to our dedicated page for Regency Ctrs news (Ticker: REG), a resource for investors and traders seeking the latest updates and insights on Regency Ctrs stock.
Regency Centers Corporation (NASDAQ: REG) generates a steady flow of news as a shopping center-focused retail REIT and S&P 500 Index member. The company owns, operates, and develops shopping centers in suburban trade areas, with a portfolio that emphasizes grocery-anchored centers and tenants such as highly productive grocers, restaurants, service providers, and other retailers. News about Regency Centers often reflects its role as a national owner, operator, and developer of these properties.
Investors following REG news can expect regular earnings announcements and related updates. The company issues quarterly earnings releases, provides guidance for metrics such as Nareit funds from operations (FFO) and core operating earnings, and reports on same property net operating income (NOI), leasing activity, and occupancy levels. These disclosures are typically accompanied by conference call invitations and webcast details, which are also referenced in Form 8-K filings.
Another key news theme for Regency Centers involves capital allocation and portfolio activity. The company reports on acquisitions and dispositions of shopping centers, as well as development and redevelopment projects within its portfolio. For example, Regency Centers has announced acquisitions of portfolios of suburban shopping centers and individual neighborhood centers, and it has described in-process development and redevelopment projects with significant estimated net project costs.
Corporate governance and capital markets activity also appear in Regency Centers’ news flow. Items include declarations of dividends on common and preferred stock, issuance of senior unsecured notes, and participation in real estate and investor conferences. Board changes, such as the election of new directors, are disclosed through press releases and Form 8-K filings.
For investors and observers, the REG news page offers a consolidated view of these developments, providing context on how the company manages its shopping center portfolio, finances its operations, and communicates with the market over time.
Regency Centers (NASDAQ: REG) has announced its upcoming third quarter 2024 earnings release and conference call schedule. The company will release its Q3 2024 earnings results on Monday, October 28, 2024, after market close. Following the release, Regency Centers will host an earnings conference call on Tuesday, October 29, 2024, at 11:00 a.m. ET.
Investors and interested parties can access the earnings release and supplemental information package on the company's Investor Relations website. To participate in the conference call, attendees can dial 877-407-0789 or 201-689-8562. Additionally, a webcast of the call will be available through the provided link. For those unable to attend live, a replay of the webcast will be accessible on the Investor Relations page under Webcasts & Presentations.
Regency Centers recently participated in the Jacksonville Jaguars' second Annual Community Day, joining other local partners in addressing key community needs. Volunteers from Regency and other community members collaborated to pack 200 care packages for military members serving overseas. This effort was in response to a request from a Jacksonville native currently serving abroad.
The event focused on four primary areas of need: food insecurity, education, the homeless community, and military veterans. Regency Centers expressed pride in partnering with the Jaguars for this initiative, emphasizing the positive impact their efforts will have on the 200 service members receiving the care packages.
Regency Centers (NYSE: REG) has announced its sponsorship of the Sandy Springs Conservancy (SSC), demonstrating its commitment to environmental stewardship and community support. The company expressed gratitude to the SSC team for their work in preserving and enriching natural resources in the community. Regency Centers emphasized its dedication to backing initiatives that make a meaningful impact and stated its anticipation of working with the SSC towards a greener, more vibrant future.
Regency Centers (REG) is participating in National Suicide Prevention Month by supporting the 988 Lifeline initiative. The company, along with ten industry peers, has partnered with 988 Lifeline, Vibrant Emotional Health, and SAMHSA to install 'Signs of HOPE' across 1,600 shopping centers. This effort reaches over 272 million visitors making 4.6 billion visits annually. The 988 Lifeline is a national network of 215+ local crisis centers providing 24/7 emotional support to people in suicidal crisis or emotional distress via phone, text, and chat. Regency Centers encourages others to join this initiative by contacting signsofhope@brixmor.com for an implementation kit.
Regency Centers (Nasdaq: REG) has announced its participation in the BofA Securities 2024 Global Real Estate Conference. Mike Mas, Executive Vice President and Chief Financial Officer, will present on Wednesday, September 11, 2024, at 12:45 pm ET. The presentation will be accessible via a live webcast.
Key details:
- Presenters: Mike Mas (EVP & CFO) and Christy McElroy (SVP, Capital Markets)
- Duration: 35 minutes (12:45 p.m. – 1:20 p.m. ET)
- Webcast replay: Available on Regency Centers' website within 24 hours after the conference
This event provides an opportunity for investors to gain insights into Regency Centers' operations and strategy in the real estate sector.
Regency Centers has announced the Oakley Shops at Laurel Fields, a new ground-up shopping center in Oakley, CA. Anchored by a 56,000-square-foot Safeway supermarket, the 79,000-square-foot development will also feature an additional 23,000 square feet for retail, restaurants, and daily needs. This project, located at the intersection of Laurel Road and O’Hara Avenue, represents Regency’s first significant venture in Northern California. The development aims to fill a gap for high-quality retail and grocery options in the area. According to Senior VP of Investments John Mehigan, the project underscores Regency’s market acumen and strong anchor relationships. Development Partner Craig Ramey highlighted Regency’s capability to uncover opportunities and deliver high-quality properties despite market challenges. Leasing opportunities are available, with more merchant announcements expected soon.
Regency Centers (Nasdaq: REG) announced that its operating partnership, Regency Centers, L.P., has priced a $325 million public offering of senior unsecured notes due 2035. The Notes, maturing on January 15, 2035, were issued at 99.813% of par value with a 5.100% coupon. Interest will be payable semiannually, starting January 15, 2025. Regency intends to use the net proceeds to reduce its line of credit balance and for general corporate purposes, including future debt repayment. The offering is expected to settle on August 15, 2024, subject to customary closing conditions. Several major financial institutions are acting as joint book-running managers and senior co-managers for this offering.
Regency Centers (Nasdaq: REG) reported strong Q2 2024 results, with Net Income Attributable to Common Shareholders at $0.54 per diluted share. Key highlights include:
- Nareit FFO of $1.06 per diluted share
- Core Operating Earnings of $1.02 per diluted share
- Raised 2024 Nareit FFO guidance to $4.21-$4.25 per diluted share
- Same Property NOI increased by 3.3% year-over-year
- Same Property percent leased increased to 95.8%
- Executed 2.2 million sq ft of leases at +9.2% cash rent spreads
- Repurchased 3.3 million shares for $200 million
The company's strong performance, leasing activity, and development pipeline position it well for future growth.
Regency Centers (REG) has appointed Gary E. Anderson to its Board of Directors, effective August 1, 2024. This addition expands the Board to twelve members. Anderson, who recently retired from Prologis, Inc., brings extensive experience in commercial real estate development, ownership, and global capital markets.
Anderson served as Chief Operating Officer of Prologis from March 2019 to December 2023, and previously held roles including CEO of Europe and Asia operations and head of the global fund business. His appointment is expected to strengthen and diversify the Board's perspectives. Anderson holds an MBA from UCLA and a Bachelor's degree from Washington State University.
Regency Centers' The Abbot in Cambridge, MA, has won the 2024 Mayor Thomas M. Menino Legacy Award from Preservation Massachusetts. This award recognizes transformative projects that embrace community, create partnerships, and revitalize historical elements. The Abbot, with roots dating back to the late 1800s, consists of three buildings: The Abbot Building, The Brattle Building, and a newly constructed infill.
Regency Centers partnered with PCA to restore and modernize the historic buildings while adding a complementary third structure. The project involved careful preservation efforts, including restoring the iconic curved glass storefront and preserving the "Dewey, Cheetham & Howe" sign from NPR's Car Talk. The Abbot now offers 60,000 SF of combined office and retail space in a prime location at the entrance to Harvard University.