Regency Ctrs Corp Stock Price, News & Analysis

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.

Regency Centers Corporation announced the resignation of Executive VP and Chief Investment Officer Mac Chandler, who will take a CEO position at another REIT. Chandler's responsibilities will be transitioned to other members of Regency's executive team, ensuring continued oversight of development and transaction activities. Lisa Palmer, President and CEO, expressed gratitude for Chandler's contributions and confidence in the management team to maintain the company’s capital allocation strategy, focusing on value creation through its development pipeline.

Regency Centers Corporation (NASDAQ: REG) reported Q4 2020 financial results, with Net Income at $0.23 per diluted share, down from $0.24 in Q4 2019. Full-year Net Income declined to $0.26 per share from $1.43. Nareit FFO for Q4 was $0.76 per diluted share, impacted by uncollectible lease income due to COVID-19. Same property NOI decreased 10.5% in Q4 2020. Regency commenced over $124 million in development projects and declared a dividend of $0.595 per share. The company offered 2021 guidance with a range for Nareit FFO between $2.96 and $3.14 per diluted share.

Regency Centers Corporation (NASDAQ: REG) announced the federal income tax treatment for 2020 distributions. Shareholders will receive a total distribution of $2.3800 per share, with $2.1900 classified as ordinary dividends. Notably, a dividend of $0.5950 per share was declared for record holders on December 16, 2020, and paid on January 5, 2021, with $0.4050 attributed to 2020 for tax purposes. The company advises shareholders to consult tax advisors regarding their specific tax treatment of distributions.

On January 15, 2021, Regency Centers repaid its $265 million term loan due in 2022, eliminating unsecured debt until 2024. The repayment incurred a $2.5 million charge due to terminated interest rate swaps. In Q4 2020, the company sold five shopping centers for $77.8 million, including three additional properties and land parcels totaling $8.1 million. Following a review of its investment pipeline, Regency expects to write off $7.0 to $9.0 million in pre-development costs, including $5.3 million related to the Serramonte Center. Future project details will be disclosed on February 11, 2021.

Regency Centers Corporation (NASDAQ: REG) will announce its Fourth Quarter 2020 earnings results on February 11, 2021, following market closure. The earnings release and supplemental information will be available on the Investor Relations section of Regency's website. An earnings conference call is scheduled for February 12, 2021, at 12:00 p.m. ET. Regency Centers is a leading owner and developer of shopping centers primarily in affluent areas and is a member of the S&P 500 Index.

Regency Centers Corporation (NASDAQ: REG) announced that Lisa Palmer, President and CEO, will present at Nareit’s REITworld: 2020 Virtual Investor Conference on November 19, 2020, from 9:45 am to 10:15 am ET. The presentation will be accessible to registered attendees, and registration for the event is complimentary. Regency Centers is a leading owner and developer of shopping centers in affluent areas, managing a portfolio that includes grocers, restaurants, and top retailers. For more information, visit RegencyCenters.com.