Welcome to our dedicated page for Regency Centers Corporation news (Ticker: REG), a resource for investors and traders seeking the latest updates and insights on Regency Centers Corporation stock.
Regency Centers Corporation (REG) is a premier owner, operator, and developer of grocery-anchored retail centers across the United States. With a legacy spanning over 50 years, Regency has built a reputation for excellence and integrity in the real estate industry. The company's extensive portfolio includes an interest in 482 properties, encompassing nearly 57 million square feet of retail space, following the acquisition of Urstadt Biddle in August 2023.
Core Business and Achievements
Regency Centers focuses primarily on grocery-anchored centers, with 80% of its properties featuring a grocery anchor, which contributes significantly to its annual base rent. The company's portfolio is geographically diversified, with 22 regional offices ensuring no single market represents more than 12% of its net operating income. This strategic distribution mitigates risks and capitalizes on various market conditions.
Recent Projects and Financial Condition
Regency has been active in expanding and enhancing its portfolio. For instance, the Longmeadow Shops, a neighborhood center with approximately 100,000 square feet of fully leased space, was recently added to the portfolio. This center features a strong mix of national and local tenants, such as CVS, Starbucks, and Max Burger, making it a key community hub.
Financially, Regency Centers is robust, supported by a solid balance sheet and strategic capital allocation. The company continuously updates its financial guidance, with the latest update reflecting positive performance in the first quarter of 2024. Net Income Attributable to Common Shareholders was reported at $0.58 per diluted share, showcasing consistent growth.
Partnerships and Community Impact
Regency's partnerships with prominent retailers like Whole Foods Market and TJMaxx are a testament to its strong market position and relationship with leading brands. The company's developments, such as Cheshire Crossing, highlight its ability to create attractive retail destinations that serve local communities effectively.
Operating as a fully integrated Real Estate Investment Trust (REIT), Regency Centers is renowned for its commitment to maintaining high-quality properties that connect with their neighborhoods. The company's proactive approach in property management and development ensures long-term value creation for tenants and shareholders alike.
For the latest updates and detailed financial information, visit Regency Centers' Investor Relations page at investors.regencycenters.com.
Regency Centers Corporation (Nasdaq: REG) announced executive changes on April 12, 2022. Jim Thompson, the current Executive Vice President and COO, will retire on December 31, 2022. Effective January 1, 2023, Alan Roth and Nick Wibbenmeyer will be promoted to Executive Vice President positions, focusing on national property operations and regional development strategies. CEO Lisa Palmer expressed confidence in the seamless transition and highlighted the legacy left by Thompson after 40 years with the company, emphasizing Regency's commitment to growth and excellence in open-air shopping center management.
Regency Centers Corporation (NASDAQ: REG) plans to announce its First Quarter 2022 earnings results on May 3, 2022, post-market. The earnings release will be accessible on the Investor Relations website. A follow-up conference call is scheduled for May 4, 2022, at 10:00 a.m. ET. Investors can participate via dial-in or webcast.
Regency Centers Corporation (NASDAQ:REG) has announced that Lisa Palmer, President and CEO, will present at the 2022 Citi Global Property CEO Conference on March 8, 2022, from 10:30 a.m. to 11:05 a.m. ET. The presentation will be accessible via a webcast. Following the conference, a replay of the webcast will be available for one year. Regency Centers is a leading owner and operator of shopping centers, recognized for its strategic locations and diverse retail portfolio that includes grocers, restaurants, and best-in-class retailers.
Regency Centers Corporation (Nasdaq:REG) reported strong financial results for Q4 2021, with a net income of $67.9 million ($0.39 per diluted share), up from $38.5 million ($0.23 per diluted share) in Q4 2020. For the full year, net income rose to $361.4 million ($2.12 per diluted share) compared to $44.9 million in 2020. Notable highlights include a 15.4% increase in Same Property Net Operating Income (NOI) for Q4 and a 94.3% leased rate. Regency also announced a quarterly dividend of $0.625 per share. Guidance for 2022 indicates a potential decrease in Same Property NOI growth, projected between -1.25% and +0.25%.
Regency Centers Corporation (Nasdaq: REG) announced the federal income tax treatment for its 2021 distributions to common stockholders. The Company provided details on the record and payable dates for dividends along with a breakdown of total distributions per share, including ordinary and qualified dividends. For 2021, the total distribution per share was $3.005, with $2.527 classified as ordinary dividends. The information aims to assist shareholders with tax reporting related to distributions made by the Company. Shareholders are advised to consult their tax advisors for specific treatment.
Regency Centers Corporation (Nasdaq: REG) announced significant transaction activity for Q4 2021 and year-to-date 2022. In Q4 2021, the company acquired properties totaling $311 million, including Blakeney Shopping Center for $181 million and a $130 million portfolio in Long Island. Full-year acquisitions reached $489 million at a 5.1% cap rate. Dispositions totaled $87 million in Q4, including Marina Shores and Sequoia Station, with full-year dispositions at $279 million. Notably, Regency closed a $125 million sale of Costa Verde Center post-year-end. CEO Lisa Palmer emphasized a self-funded, accretive growth strategy.
Regency Centers Corporation (NASDAQ: REG) will announce its Fourth Quarter 2021 earnings on February 10, 2022, after market close. The earnings release will be available on their Investor Relations website. An earnings conference call is scheduled for February 11, 2022, at 10:00 a.m. ET, accessible via dial-in or webcast.
Regency Centers reported its third-quarter financial results for 2021, showing significant growth compared to the same period in 2020. Net Income was $117.4 million ($0.69 per diluted share), up from $12.7 million ($0.07). Nareit Funds From Operations (FFO) reached $192.6 million ($1.12 per diluted share), exceeding last year’s $101.7 million ($0.60). Same Property NOI grew by 24.4%. The Board declared a quarterly cash dividend of $0.625 per share, reflecting a 5% increase. Regency also announced an acquisition of Blakeney Shopping Center for $181 million, demonstrating continued investment in growth.
Regency Centers Corporation (NASDAQ: REG) will announce its Third Quarter 2021 earnings results on November 4, 2021, post-market. A conference call is scheduled for November 5, 2021, at 11:00 a.m. ET. Investors can access the details on the Investor Relations website, where the earnings release and supplemental information will be posted. Regency Centers operates a premier portfolio of shopping centers in affluent areas, focusing on community-centric retailers.
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