Regency Ctrs Corp Stock Price, News & Analysis

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.

Regency Centers (REG) is participating in National Suicide Prevention Month by supporting the 988 Lifeline initiative. The company, along with ten industry peers, has partnered with 988 Lifeline, Vibrant Emotional Health, and SAMHSA to install 'Signs of HOPE' across 1,600 shopping centers. This effort reaches over 272 million visitors making 4.6 billion visits annually. The 988 Lifeline is a national network of 215+ local crisis centers providing 24/7 emotional support to people in suicidal crisis or emotional distress via phone, text, and chat. Regency Centers encourages others to join this initiative by contacting signsofhope@brixmor.com for an implementation kit.

Regency Centers (Nasdaq: REG) has announced its participation in the BofA Securities 2024 Global Real Estate Conference. Mike Mas, Executive Vice President and Chief Financial Officer, will present on Wednesday, September 11, 2024, at 12:45 pm ET. The presentation will be accessible via a live webcast.

Key details:

• Presenters: Mike Mas (EVP & CFO) and Christy McElroy (SVP, Capital Markets)
• Duration: 35 minutes (12:45 p.m. – 1:20 p.m. ET)
• Webcast replay: Available on Regency Centers' website within 24 hours after the conference

This event provides an opportunity for investors to gain insights into Regency Centers' operations and strategy in the real estate sector.

Regency Centers has announced the Oakley Shops at Laurel Fields, a new ground-up shopping center in Oakley, CA. Anchored by a 56,000-square-foot Safeway supermarket, the 79,000-square-foot development will also feature an additional 23,000 square feet for retail, restaurants, and daily needs. This project, located at the intersection of Laurel Road and O’Hara Avenue, represents Regency’s first significant venture in Northern California. The development aims to fill a gap for high-quality retail and grocery options in the area. According to Senior VP of Investments John Mehigan, the project underscores Regency’s market acumen and strong anchor relationships. Development Partner Craig Ramey highlighted Regency’s capability to uncover opportunities and deliver high-quality properties despite market challenges. Leasing opportunities are available, with more merchant announcements expected soon.