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 that Lisa Palmer, President and CEO, will present at the BofA Securities 2021 Global Real Estate Conference on September 22, 2021, at 10:30 AM ET. The presentation will provide insights into the company’s strategic initiatives and its role as a leader in the retail real estate sector. Interested parties can register for the complimentary webcast through the provided link. Regency Centers is a major player in shopping center ownership and development, focusing on affluent suburban areas.
Regency Centers reported strong second-quarter 2021 results, with Net Income at $0.56 per diluted share, up from $0.11 in 2020. The company achieved Nareit FFO of $0.99 per share, increasing guidance to $3.74 – $3.82 for the year. Same Property NOI rose by 30.8%, and the leasing rate improved to 92.9%. Regency collected 96% of base rent and executed 1.9 million square feet in leases. The company also acquired an 80% interest in a joint venture for $178 million. A quarterly dividend of $0.595 per share was declared, payable on October 5, 2021.
Regency Centers Corporation (NASDAQ: REG) will announce its Second Quarter 2021 earnings results on August 5, 2021, after market close. An earnings conference call is scheduled for August 6, 2021, at 11:00 a.m. ET, accessible through the company’s website. Regency Centers focuses on owning, operating, and developing shopping centers in affluent areas, featuring productive grocers and retailers. As a self-managed REIT and S&P 500 member, the company is committed to connecting with its communities.
Regency Centers Corporation (NASDAQ: REG) released its annual Corporate Responsibility Report, showcasing its dedication to environmental, social, and governance (ESG) initiatives. Key achievements include:
- 87% employee engagement score
- Gender pay gap reduced to 1.58%
- $1.5 million contributed to charities
- GRESB Green Star award for six consecutive years
The report aligns with global standards, reflecting Regency's commitment to enhancing workforce diversity, community support, corporate governance, and environmental stewardship.
Regency Centers Corporation (NASDAQ: REG) will have its President and CEO, Lisa Palmer, present at Nareit’s REITweek: 2021 Virtual Investor Conference on June 8, 2021, from 3:00 pm to 3:30 pm ET. Attendees must register for the complimentary conference to access the live presentation. Regency Centers is a leading owner and operator of shopping centers, focusing on affluent suburban areas, and is a member of the S&P 500 Index. For more details, visit RegencyCenters.com.
Regency Centers Corporation announced the appointment of James H. Simmons III to its Board of Directors, expanding the board to twelve members. Simmons is the CEO and Founding Partner of Asland Capital Partners and brings extensive experience in real estate transactions. His addition aims to enhance the company’s investment strategy and leverage new opportunities for value creation. This move reflects Regency's commitment to refreshing and diversifying its board's skills and competencies, as stated by President and CEO Lisa Palmer.
Regency Centers Corporation (NASDAQ:REG) reported a net income of $80.7 million, or $0.47 per diluted share, for Q1 2021, a notable recovery from a net loss of $25.3 million, or $0.15 per diluted share in Q1 2020. Nareit FFO was $153.4 million, or $0.90 per diluted share, with updated guidance for 2021 set between $3.33 and $3.43 per diluted share. Despite a 1.6% decrease in Same Property NOI, leasing activity remains strong with a 92.5% occupancy rate and 93% rent collection. The company declared a quarterly dividend of $0.595 per share, payable July 6, 2021.
Regency Centers Corporation (NASDAQ: REG) will announce its First Quarter 2021 earnings results on May 6, 2021, after market close. An earnings conference call is scheduled for May 7, 2021, at 11:00 a.m. ET. The earnings release and supplemental information will be available on the Company’s Investor Relations website. Regency Centers is a leading owner, operator, and developer of shopping centers in affluent areas, connecting with local communities.
Regency Centers Corporation (NASDAQ: REG) announced organizational changes, promoting Scott Prigge to Managing Director of Property Operations and Barry Argalas to Senior Vice President of National Transactions and Investment Strategy. Scott has been with Regency since 1997, overseeing substantial property management, sustainability, and marketing efforts. Barry, a member since 1996, has played a vital role in acquisitions and M&A strategy, now taking a larger role in capital allocation. These promotions reflect their crucial contributions and commitment to Regency's success.
Regency Centers Corporation (NASDAQ: REG) will have its President and CEO, Lisa Palmer, present at the Citi 2021 Global Property CEO Conference on March 8, 2021, at 9:45 AM ET. The presentation will last until 10:20 AM ET and can be accessed via a webcast. A replay of the presentation will be available for one year post-conference. Regency Centers is recognized for owning and developing shopping centers in affluent suburban areas.
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