Welcome to our dedicated page for Regency Centers news (Ticker: REG), a resource for investors and traders seeking the latest updates and insights on Regency Centers stock.
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 a net loss of ($25.3 million) or ($0.15 per diluted share) for Q1 2020, impacted by a non-cash goodwill impairment charge of $132.1 million due to COVID-19. NAREIT FFO was $166.1 million ($0.98 per diluted share), up year-over-year. Same property Net Operating Income fell by 0.7% due to tenant bankruptcies and uncollectible rents, with a 95% leasing rate. Regency maintains liquidity of $1.3 billion, having raised $125 million via equity sales. A cash dividend of $0.595 per share was declared. Rent collections for April reached 62% amid ongoing tenant closures.