Regency Centers Announces Tax Information for Regency Centers and Urstadt Biddle Properties 2023 Distributions
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Insights
Understanding the tax implications of dividend distributions is crucial for investors in making informed decisions. The announcement by Regency Centers Corporation and Urstadt Biddle Properties Inc. outlines the tax treatment of dividends paid in 2023, which is essential for shareholders when preparing their tax returns. The classification of dividends as ordinary, qualified, or as Section 199A dividends affects the applicable tax rates for shareholders. For example, qualified dividends are taxed at a lower capital gains tax rate, whereas ordinary dividends are taxed at the individual's income tax rate.
The allocation of dividends to different tax years, as indicated for the December distributions, is a common practice to comply with IRS guidelines and can affect the taxable income reported by shareholders in a given year. It is important for shareholders to note that the tax treatment of these distributions may not be indicative of future distributions, as tax laws and rates can change.
The distribution of dividends is a key factor in the total return on investment for shareholders. The announcement provides insight into the company's ability to generate and distribute cash to its investors, which can be indicative of its financial health. The consistency and size of the dividends paid by Regency Centers Corporation and Urstadt Biddle Properties Inc. can be attractive to income-focused investors, particularly in sectors like real estate where steady cash flow is a significant aspect of business performance.
Additionally, the information provided on the allocation of dividends for tax purposes may also influence investor sentiment and stock performance, as it may affect the after-tax income that shareholders receive. Investors often look for companies with favorable tax treatments to maximize their net income from dividends.
For REITs like Regency Centers Corporation and Urstadt Biddle Properties Inc., the distribution of dividends is not only a sign of strength but also a requirement, as they must distribute at least 90% of their taxable income to shareholders in the form of dividends. The detailed breakdown of the dividend distributions, including the portions that qualify for the Section 199A deduction, which allows shareholders to deduct up to 20% of their REIT dividends from their taxable income, is particularly relevant for investors in these entities.
The nature of these distributions as primarily ordinary dividends, without capital gains distributions, reflects the operational income generation of these REITs rather than profits from property sales or other capital events. This can be an indicator of the underlying stability of the REITs’ rental income streams.
JACKSONVILLE, Fla., Jan. 19, 2024 (GLOBE NEWSWIRE) -- Regency Centers Corporation (The “Company”) (Nasdaq:REG) today announced the federal income tax treatment of its 2023 distributions to holders of its Common and Preferred stock. The Company also announced the federal income tax treatment of Urstadt Biddle Properties Inc. (NYSE: UBA and UBP) pre-merger 2023 distributions to Common, Class A Common and Preferred shareholders.
Regency Centers Corporation:
| Common Stock: Symbol REG CUSIP #: 758849103 | |||||||||||||||||||||
| Record Date | Payable Date | Total Distribution Per Share | Distribution Allocated to 2023 | Total Ordinary Dividends | Qualified Dividends (Included in Total Ordinary Div) | Section 199A Dividends(1) | Total Capital Gain Distribution | Unrecapt Section 1250 Gain | Section 897 Ordinary Dividends | Section 897 Capital Gain | Nontaxable Distributions | ||||||||||
| 12/16/2022 | 1/4/2023 | ||||||||||||||||||||
| 3/15/2023 | 4/5/2023 | ||||||||||||||||||||
| 6/14/2023 | 7/6/2023 | ||||||||||||||||||||
| 9/14/2023 | 10/4/2023 | ||||||||||||||||||||
| 12/14/2023 | 1/3/2024 | ||||||||||||||||||||
| TOTALS | $3.27000 | $2.56100 | $2.56100 | $0.00000 | $2.56100 | $0.00000 | $0.00000 | $0.00000 | $0.00000 | $0.00000 | |||||||||||
| Series A Cumulative Redeemable Preferred: Symbol REGCP CUSIP #: 758849889 | |||||||||||||||||||||
| Record Date | Payable Date | Total Distribution Per Share | Distribution Allocated to 2023 | Total Ordinary Dividends | Qualified Dividends (Included in Total Ordinary Div) | Section 199A Dividends(1) | Total Capital Gain Distribution | Unrecapt Section 1250 Gain | Section 897 Ordinary Dividends | Section 897 Capital Gain | Nontaxable Distributions | ||||||||||
| 10/16/2023 | 10/31/2023 | ||||||||||||||||||||
| TOTALS | $0.390625 | $0.390625 | $0.390625 | $0.000000 | $0.390625 | $0.000000 | $0.000000 | $0.000000 | $0.000000 | $0.000000 | |||||||||||
| Series B Cumulative Redeemable Preferred: Symbol REGCO CUSIP #: 758849871 | |||||||||||||||||||||
| Record Date | Payable Date | Total Distribution Per Share | Distribution Allocated to 2023 | Total Ordinary Dividends | Qualified Dividends (Included in Total Ordinary Div) | Section 199A Dividends(1) | Total Capital Gain Distribution | Unrecapt Section 1250 Gain | Section 897 Ordinary Dividends | Section 897 Capital Gain | Nontaxable Distributions | ||||||||||
| 10/16/2023 | 10/31/2023 | ||||||||||||||||||||
| TOTALS | $0.36720 | $0.36720 | $0.36720 | $0.00000 | $0.36720 | $0.00000 | $0.00000 | $0.00000 | $0.00000 | $0.00000 | |||||||||||
(1) This amount represents dividends eligible for the
Please note, of the
Of the
Urstadt Biddle Properties Inc:
| Common Stock: Symbol UBP CUSIP #: 917286106 | |||||||||||||||||||||
| Record Date | Payable Date | Total Distribution Per Share | Distribution Allocated to 2023 | Total Ordinary Dividends | Qualified Dividends (Included in Total Ordinary Div) | Section 199A Dividends (2) | Total Capital Gain Distribution | Unrecapt Section 1250 Gain | Section 897 Ordinary Dividends | Section 897 Capital Gain | Nontaxable Distributions | ||||||||||
| 1/6/2023 | 1/13/2023 | ||||||||||||||||||||
| 4/3/2023 | 4/14/2023 | ||||||||||||||||||||
| 6/14/2023 | 7/6/2023 | ||||||||||||||||||||
| TOTALS | $0.63750 | $0.63750 | $0.29685 | $0.00000 | $0.29685 | $0.00000 | $0.00000 | $0.00000 | $0.00000 | $0.34065 | |||||||||||
| Common Class A Stock: Symbol UBA CUSIP #: 917286205 | |||||||||||||||||||||
| Record Date | Payable Date | Total Distribution Per Share | Distribution Allocated to 2023 | Total Ordinary Dividends | Qualified Dividends (Included in Total Ordinary Div) | Section 199A Dividends (2) | Total Capital Gain Distribution | Unrecapt Section 1250 Gain | Section 897 Ordinary Dividends | Section 897 Capital Gain | Nontaxable Distributions | ||||||||||
| 1/6/2023 | 1/13/2023 | $ | 0.13359 | ||||||||||||||||||
| 4/3/2023 | 4/14/2023 | $ | 0.13359 | ||||||||||||||||||
| 6/14/2023 | 7/6/2023 | $ | 0.11131 | ||||||||||||||||||
| TOTALS | $0.70830 | $0.70830 | $0.32981 | $0.00000 | $0.32981 | $0.00000 | $0.00000 | $0.00000 | $0.00000 | $ | 0.37849 | ||||||||||
| Series H Cumulative Redeemable Preferred: Symbol UBP.PRH CUSIP #: 917286882 | |||||||||||||||||||||
| Record Date | Payable Date | Total Distribution Per Share | Distribution Allocated to 2023 | Total Ordinary Dividends | Qualified Dividends (Included in Total Ordinary Div) | Section 199A Dividends (2) | Total Capital Gain Distribution | Unrecapt Section 1250 Gain | Section 897 Ordinary Dividends | Section 897 Capital Gain | Nontaxable Distributions | ||||||||||
| 1/13/2023 | 1/31/2023 | ||||||||||||||||||||
| 4/14/2023 | 4/28/2023 | ||||||||||||||||||||
| 7/14/2023 | 7/31/2023 | ||||||||||||||||||||
| TOTALS | $1.171875 | $1.171875 | $1.171875 | $0.000000 | $1.171875 | $0.000000 | $0.000000 | $0.000000 | $0.000000 | $0.000000 | |||||||||||
| Series K Cumulative Redeemable Preferred: Symbol UBP.PRK CUSIP #: 917286874 | |||||||||||||||||||||
| Record Date | Payable Date | Total Distribution Per Share | Distribution Allocated to 2023 | Total Ordinary Dividends | Qualified Dividends (Included in Total Ordinary Div) | Section 199A Dividends (2) | Total Capital Gain Distribution | Unrecapt Section 1250 Gain | Section 897 Ordinary Dividends | Section 897 Capital Gain | Nontaxable Distributions | ||||||||||
| 1/13/2023 | 1/31/2023 | ||||||||||||||||||||
| 4/14/2024 | 4/28/2023 | ||||||||||||||||||||
| 7/14/2023 | 7/31/2023 | ||||||||||||||||||||
| TOTALS | $1.10160 | $1.10160 | $1.10160 | $0.00000 | $1.10160 | $0.00000 | $0.00000 | $0.00000 | $0.00000 | $0.00000 | |||||||||||
(2) This amount represents dividends eligible for the
This information is being provided to assist shareholders with tax reporting related to distributions made by the Company. Tax treatment of 2023 distributions is not necessarily indicative of taxability of future distributions, as tax treatment may change from year to year. The information provided herein should not be construed as tax advice or relied upon as such, and shareholders are encouraged to consult with their tax advisors as to tax treatment of the Company's distributions specific to their individual situations.
About Regency Centers Corporation (Nasdaq: REG)
Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers. Operating as a fully integrated real estate company, Regency Centers is a qualified real estate investment trust (REIT) that is self-administered, self-managed, and an S&P 500 Index member. For more information, please visit RegencyCenters.com.
Christy McElroy
904 598 7616
ChristyMcElroy@regencycenters.com
FAQ
What is the ticker symbol for Regency Centers Corporation's Common Stock?
What are the record and payable dates for Regency Centers Corporation's Common Stock distributions in 2023?
What is the total distribution per share for Regency Centers Corporation's Common Stock in 2023?
What is the ticker symbol for Urstadt Biddle Properties Inc.'s Common Stock?
What are the total ordinary dividends for Urstadt Biddle Properties Inc.'s Common Stock in 2023?
