Regency Ctrs Corp Stock Price, News & Analysis

Regency Centers (Nasdaq: REG) has released its federal income tax treatment information for 2024 distributions across its Common Stock and Preferred Stock series. For Common Stock (REG), the total distribution was $3.385 per share, with $2.822530 classified as ordinary dividends and $0.020470 as capital gain distribution. The company increased its quarterly dividend from $0.67 to $0.705 in the fourth quarter.

For Series A Preferred Stock (REGCP), total distributions were $1.5625 per share, while Series B Preferred Stock (REGCO) distributions totaled $1.4688 per share. All distributions included Section 199A dividends eligible for the 20% qualified business income deduction.

Regency Centers (NASDAQ: REG) has announced it will release its fourth quarter 2024 earnings results on Thursday, February 6, 2025, after market close. The company will make its earnings release and supplemental information package available on their investor relations website. A conference call to discuss the results is scheduled for Friday, February 7, 2025, at 11:00 a.m. ET. Investors can access the call via phone (877-407-0789 or 201-689-8562) or through a webcast. A replay of the webcast will be available on the company's Investor Relations page under Webcasts & Presentations.

Regency Centers announced a 5.2% increase in its quarterly common stock dividend to $0.705 per share, marking its 11th consecutive year of dividend increases. The common stock dividend will be paid on January 3, 2025, to shareholders of record as of December 16, 2024. The company also declared quarterly dividends for its preferred stocks: Series A at $0.390625 per share and Series B at $0.367200 per share, both payable on January 31, 2025, to shareholders of record as of January 16, 2025. The increase follows what management described as another strong quarter of exceptional operating results.

Regency Centers reported strong Q3 2024 results with Net Income of $0.54 per diluted share, up from $0.50 in Q3 2023. The company raised its 2024 Nareit FFO guidance to $4.27-$4.29 per share. Key highlights include a 4.9% increase in Same Property NOI, record-high shop occupancy of 93.7%, and execution of 1.8 million square feet of leases at +9.3% cash rent spreads. The company started over $100 million in development projects, including two new grocery-anchored developments, and acquired two shopping centers for $47 million. Regency also issued $325 million in senior notes with a 5.1% coupon.

Regency Centers is making significant strides in reducing its environmental impact. The company has set ambitious goals to cut absolute Scope 1 and 2 greenhouse gas emissions by 28% by 2030, with a long-term vision of achieving net zero emissions by 2050. In celebration of Zero Emissions Day, Regency Centers proudly announced that it has already reduced emissions by 18% since 2019.

This achievement demonstrates the company's ongoing commitment to a sustainable future and its dedication to making meaningful progress in environmental stewardship. By focusing on reducing its carbon footprint, Regency Centers is positioning itself as a leader in corporate sustainability within the real estate sector.

Regency Centers' Corporate Responsibility Program is built on four pillars: Our People, Our Communities, Ethics and Governance, and Environmental Stewardship. The program aims to create long-term value for shareholders and stakeholders, maintain company culture, and protect Regency's brand. The company develops near- and long-term goals aligned with these objectives.

The Board oversees the corporate responsibility strategy, with the Nominating and Governance Committee specifically overseeing the Corporate Responsibility Program. The President and CEO leads the Management Executive Committee and has ultimate senior management responsibility for the ESG program.

In 2023, the Nominating and Governance Committee was regularly briefed on strategic sustainability initiatives, goal-setting, progress towards SBTi and TCFD alignment, performance metrics, sustainability reporting, and evolving ESG expectations from investors and stakeholders.

Regency Centers (NASDAQ: REG) has announced its upcoming third quarter 2024 earnings release and conference call schedule. The company will release its Q3 2024 earnings results on Monday, October 28, 2024, after market close. Following the release, Regency Centers will host an earnings conference call on Tuesday, October 29, 2024, at 11:00 a.m. ET.

Investors and interested parties can access the earnings release and supplemental information package on the company's Investor Relations website. To participate in the conference call, attendees can dial 877-407-0789 or 201-689-8562. Additionally, a webcast of the call will be available through the provided link. For those unable to attend live, a replay of the webcast will be accessible on the Investor Relations page under Webcasts & Presentations.

Regency Centers recently participated in the Jacksonville Jaguars' second Annual Community Day, joining other local partners in addressing key community needs. Volunteers from Regency and other community members collaborated to pack 200 care packages for military members serving overseas. This effort was in response to a request from a Jacksonville native currently serving abroad.

The event focused on four primary areas of need: food insecurity, education, the homeless community, and military veterans. Regency Centers expressed pride in partnering with the Jaguars for this initiative, emphasizing the positive impact their efforts will have on the 200 service members receiving the care packages.

Regency Centers (NYSE: REG) has announced its sponsorship of the Sandy Springs Conservancy (SSC), demonstrating its commitment to environmental stewardship and community support. The company expressed gratitude to the SSC team for their work in preserving and enriching natural resources in the community. Regency Centers emphasized its dedication to backing initiatives that make a meaningful impact and stated its anticipation of working with the SSC towards a greener, more vibrant future.