Regency Centers Corporation reports news as a self-administered, self-managed retail REIT that owns, operates, and develops shopping centers in suburban trade areas. Company updates commonly cover quarterly operating results, Nareit FFO, Core Operating Earnings, same-property NOI, leasing activity, occupancy, rent spreads, and development or redevelopment projects across centers anchored by grocers, restaurants, service providers, and retailers.
Recurring announcements also include common and preferred stock dividends, distribution tax information, senior unsecured debt activity, acquisitions and dispositions of shopping center assets, investor presentations, and shareholder voting or capital-structure matters tied to Regency Centers and its operating partnership, Regency Centers, L.P.
Regency Centers Corporation announced the appointment of Kristin A. Campbell to its Board of Directors, effective January 15, 2023. Campbell, currently the Executive Vice President and Chief ESG Officer at Hilton Worldwide, will enhance the Board's expertise in consumer-driven businesses and ESG strategy. With her addition, the Board will expand to twelve directors. Campbell brings extensive experience from her tenure at Hilton and Staples, where she held leadership positions in legal and governance.
Regency Centers Corporation (NASDAQ: REG) will announce its Third Quarter 2022 earnings results on November 3, 2022, after market close. The earnings release and supplemental information will be available on their Investor Relations website. An earnings conference call is scheduled for November 4, 2022, at 10:00 a.m. ET. The call can be accessed via phone or webcast. Regency Centers is a prominent owner, operator, and developer of shopping centers in suburban areas, focusing on properties with productive grocers and retailers, and is a member of the S&P 500 Index.
Regency Centers Corporation (Nasdaq: REG) announced leadership promotions effective January 1, 2023, including Patrick Conway as Managing Director of the West Region and Andre Koleszar as Managing Director of the Southeast Region. John Mehigan and Chris Widmayer will transition into expanded roles in national investment strategy. These changes follow the retirement of Jim Thompson and the promotions of Alan Roth and Nick Wibbenmeyer to new executive positions. CEO Lisa Palmer emphasized the recognized contributions of the promoted leaders, reflecting a robust leadership structure within the organization.
Regency Centers reported robust second-quarter results for 2022, with a net income of $0.61 per diluted share, up from $0.56 in 2021. Nareit FFO increased to $1.00 per share, driven by positive lease income. The company raised its 2022 Nareit FFO guidance to $3.92-$3.96 per share, while Same Property NOI grew by 3.1%. Regency executed 1.3 million square feet of leases and reported a 94.5% lease rate. The company commenced $50 million in development projects and noted a pro-rata net debt-to-EBITDA ratio of 5.0x. A quarterly dividend of $0.625 per share was also declared.
Regency Centers Corporation (NASDAQ: REG) will disclose its Second Quarter 2022 earnings results on August 4, 2022, after market closure. The earnings release and supplemental information will be accessible on the Investor Relations website. An earnings conference call is scheduled for August 5, 2022, at 10:00 a.m. ET. Investors can participate by dialing 877-407-0789 or 201-689-8562. A webcast of the call will be available for replay on their Webcasts & Presentations page.
Regency Centers Corporation (NASDAQ: REG) announced that CEO Lisa Palmer will present at the Nareit REITweek Investor Conference on June 8, 2022, from 2:00 pm to 2:30 pm ET. Investors can listen to the live presentation via a provided webcast link, which will be available for replay for 90 days on the company’s website. Regency Centers is a leading owner and developer of shopping centers in suburban areas, focusing on high-quality retail properties that serve local communities. For more information, visit RegencyCenters.com.
Regency Centers Corporation (Nasdaq: REG) announced its 2021 Corporate Responsibility Report, highlighting significant milestones in environmental, social, and governance (ESG) performance. The report showcases achievements such as exceeding greenhouse gas emissions reduction goals and receiving the GRESB Green Star for seven consecutive years. Future commitments include a target to reduce Scope 1 and 2 GHG emissions by 28% by 2030 and achieving net-zero emissions by 2050. CEO Lisa Palmer emphasizes ongoing improvement in corporate responsibility initiatives, reinforcing transparency and accountability.
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Regency Centers Corporation (REG) reported strong financial results for Q1 2022, with net income of $195.2 million ($1.14 per diluted share) compared to $80.7 million ($0.47 per diluted share) in Q1 2021. Nareit FFO rose to $178.2 million ($1.03 per diluted share), up from $153.4 million ($0.90 per diluted share) year-over-year. Same Property NOI increased by 7.8%, while leasing activity resulted in 1.7 million square feet of leases at a +6.5% rent spread. The company raised its 2022 Nareit FFO guidance to $3.84-$3.90 per diluted share. A quarterly dividend of $0.625 was declared.
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.