Regency Centers Upgraded by S&P Global Ratings to an ‘A-’ Credit Rating
Regency Centers (REG) has received a credit rating upgrade from S&P Global Ratings to 'A-' with a stable outlook. The upgrade reflects the company's solid operating performance and strong financial metrics, supported by its high-quality, grocery-anchored portfolio and robust retail fundamentals.
Lisa Palmer, President and CEO, emphasized that this achievement demonstrates Regency's commitment to operational excellence and financial discipline, highlighting the company's consistent track record of cash flow growth and balance sheet strength, which creates value for stakeholders and provides stability through market cycles.
Regency Centers (REG) ha ricevuto un upgrade del rating creditizio da S&P Global Ratings a 'A-' con un outlook stabile. L'upgrade riflette le solide performance operative dell'azienda e i forti indicatori finanziari, supportati dal suo portafoglio di alta qualità ancorato a negozi di generi alimentari e da robusti fondamentali retail.
Lisa Palmer, Presidente e CEO, ha sottolineato che questo traguardo dimostra l'impegno di Regency verso l'eccellenza operativa e la disciplina finanziaria, evidenziando il costante track record dell'azienda nella crescita del flusso di cassa e nella solidità del bilancio, che crea valore per gli stakeholder e fornisce stabilità attraverso i cicli di mercato.
Regency Centers (REG) ha recibido una mejora en su calificación crediticia por parte de S&P Global Ratings a 'A-' con una perspectiva estable. La mejora refleja el sólido desempeño operativo de la empresa y sus fuertes métricas financieras, respaldadas por su cartera de alta calidad anclada en supermercados y fundamentos minoristas robustos.
Lisa Palmer, Presidenta y CEO, enfatizó que este logro demuestra el compromiso de Regency con la excelencia operativa y la disciplina financiera, destacando el historial constante de crecimiento del flujo de efectivo y la fortaleza del balance de la empresa, lo que genera valor para los interesados y proporciona estabilidad a través de los ciclos del mercado.
레겐시 센터스 (REG)는 S&P 글로벌 레이팅으로부터 'A-'의 신용 등급 상향 조정을 받았으며, 전망은 안정적입니다. 이번 상향 조정은 회사의 탄탄한 운영 성과와 강력한 재무 지표를 반영하며, 고품질의 식료품 중심 포트폴리오와 강력한 소매 기본 요소에 의해 지원됩니다.
리사 팔머, 회장 겸 CEO는 이번 성과가 레겐시의 운영 우수성과 재무 규율에 대한 헌신을 보여준다고 강조하며, 회사의 일관된 현금 흐름 성장과 재무 건전성의 기록을 강조했습니다. 이는 이해관계자에게 가치를 창출하고 시장 사이클을 통해 안정성을 제공합니다.
Regency Centers (REG) a reçu une mise à niveau de sa note de crédit par S&P Global Ratings à 'A-' avec une perspective stable. Cette mise à niveau reflète la solide performance opérationnelle de l'entreprise et ses indicateurs financiers robustes, soutenus par son portefeuille de haute qualité ancré dans les épiceries et des fondamentaux de vente au détail solides.
Lisa Palmer, Présidente et CEO, a souligné que cet accomplissement démontre l'engagement de Regency envers l'excellence opérationnelle et la discipline financière, mettant en avant le bilan constant de croissance des flux de trésorerie et de solidité du bilan de l'entreprise, qui crée de la valeur pour les parties prenantes et fournit de la stabilité à travers les cycles de marché.
Regency Centers (REG) hat von S&P Global Ratings ein Upgrade der Kreditwürdigkeit auf 'A-' mit stabiler Aussicht erhalten. Das Upgrade spiegelt die solide operative Leistung des Unternehmens und starke Finanzkennzahlen wider, die durch sein hochwertiges, lebensmittelgeankertes Portfolio und robuste Einzelhandelsgrundlagen unterstützt werden.
Lisa Palmer, Präsidentin und CEO, betonte, dass dieser Erfolg das Engagement von Regency für operative Exzellenz und finanzielle Disziplin zeigt und hob die konsistente Erfolgsbilanz des Unternehmens bei der Cashflow-Wachstums und der Bilanzstärke hervor, die den Stakeholdern Wert schafft und Stabilität durch Marktzyklen bietet.
- Credit rating upgraded to A- by S&P Global
- Strong operating performance and financial metrics
- Solid cash flow growth track record
- Strong balance sheet position
- None.
Insights
The credit rating upgrade from S&P Global Ratings to 'A-' represents a significant financial achievement for Regency Centers, placing it among an elite group of REITs with investment-grade ratings in the 'A' category. This upgrade is particularly valuable in today's higher interest rate environment, where the spread between investment-grade and non-investment-grade borrowing costs has widened.
The tangible benefits for Regency are substantial. This upgrade could potentially reduce the company's borrowing costs by 25-50 basis points on new debt issuances, translating to
Beyond immediate cost savings, this upgrade provides Regency with enhanced financial flexibility to pursue strategic acquisitions in a market where distressed retail assets may become available. The company's grocery-anchored portfolio strategy has proven resilient through economic cycles, with grocery tenants driving consistent foot traffic even during downturns.
What makes this upgrade particularly noteworthy is its timing - coming when many retail landlords face challenges from e-commerce competition and changing consumer behaviors. S&P's positive assessment suggests Regency has successfully navigated these industry headwinds through tenant selection and property management excellence.
For investors, this upgrade signals strong fundamentals that support both dividend stability and potential growth, while reducing financial risk. The "stable outlook" component indicates S&P expects Regency to maintain its strong metrics, providing a level of certainty in an uncertain retail landscape.
JACKSONVILLE, Fla., Feb. 26, 2025 (GLOBE NEWSWIRE) -- Regency Centers Corporation (“Regency Centers”, the “Company” or “Regency”) announced today that S&P Global Ratings (“S&P”) raised its credit ratings related to the Company to ‘A-’ with a stable outlook.
In its public announcement, S&P noted “Regency Centers has continued demonstrating solid operating performance and financial metric strength, with support from its high quality, grocery-anchored portfolio and healthy retail fundamentals.”
“We very much appreciate S&P’s recognition of Regency’s commitment to operational excellence and financial discipline,” said Lisa Palmer, President and Chief Executive Officer. “This accomplishment is a testament to our Company’s long track record of cash flow growth and balance sheet strength, creating value for stakeholders and providing stability through cycles.”
About Regency Centers (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
This press release was published by a CLEAR® Verified individual.
FAQ
What is Regency Centers' new S&P credit rating as of February 2025?
Why did S&P Global Ratings upgrade Regency Centers (REG) to A-?
What does the S&P rating upgrade mean for Regency Centers' stakeholders?
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