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 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.
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.