Regency Ctrs Corp Stock Price, News & Analysis

EVgo and Regency Centers have announced the opening of a new fast charging station at Blakeney Town Center in Charlotte, North Carolina, situated at 9870 Rea Rd near Interstate 485.

This expansion is part of their ongoing partnership started in 2020, which has resulted in over 120 public fast charging stalls across 40 locations in 10 states. The new station features high-power 350kW fast chargers, capable of charging two vehicles simultaneously.

The initiative is supported by the North Carolina Department of Environmental Quality and General Motors. The companies plan to open more than 20 new fast charging stalls over the next year, with further locations anticipated in Maryland, Massachusetts, and Texas.

Mark Peternell, VP of Sustainability at Regency Centers, highlighted the stations as an amenity that supports EV adoption and sustainability goals.

Regency Centers recently won two awards at the 2024 ICSC MAXI Global Awards in Las Vegas. They received a Silver award for 'The Abbot Spotlight: The Unofficial Gateway to Harvard Square,' a historic renovation project in Cambridge, MA. Additionally, they secured a Gold award for 'Signs of HOPE,' an intercompany collaboration promoting mental health awareness through the 988 Lifeline. This initiative saw seven property groups installing signage in 1,450 shopping centers across 40 states, potentially reaching 42% of the U.S. population. These awards underscore Regency's commitment to innovation and community impact.

A few weeks ago, six volunteers from Regency Centers participated in supporting The HUB on Kings Road, Jacksonville, by enhancing the outdoor landscaping. The HUB, near Edward Waters University, is a community resource center that provides various support services to local children and adults. It is situated close to the site of last year’s tragic Dollar General shooting. The center’s programs have grown to include youth tutoring, adult literacy, and GED preparation, living by its motto 'Help, Uplift, Become.' Volunteers Nan Borenstein, Dave Shortman, Cathy De Jesus, Jenny Wauson, Lucy Liu, and Thomas Bolton contributed significantly to the community effort.

Regency Centers announced that its President and CEO, Lisa Palmer, will present at the Nareit REITweek Investor Conference on June 5, 2024, at 11:00 am ET.

The presentation will be available via webcast, and a replay link will be accessible on the company's Investor Relations page.

Regency Centers has been honored with the First Coast Healthiest Companies award by Jacksonville's First Coast Worksite Wellness Council for the 15th consecutive year. Achieving the Platinum level for the ninth year in a row, Regency is among only 20 companies to receive this top recognition. The award acknowledges Regency's commitment to comprehensive wellness programs that focus on physical, financial, emotional, and social well-being. Highlights include an annual Health Fair, biometric screenings, Virgin Pulse® platform access, and robust financial and mental health support initiatives. This continuous recognition underscores Regency's dedication to fostering a healthy workplace culture.

Regency Centers released its 2023 Corporate Responsibility Report, highlighting significant environmental, social, and governance (ESG) achievements. Key highlights include an 88% employee engagement score, a $1.7 million contribution to charitable causes, and 3,000+ volunteer hours. The company received the Healthiest Companies Award and was included in Bloomberg's Gender-Equality Index. Regency emphasized diversity, with 45% board representation by gender and ethnic diversity, and ranked 6th on Newsweek's Most Responsible Companies List. Environmental milestones include an 18% reduction in Scope 1 and 2 GHG emissions since 2019 and exceeding the 2030 onsite renewable energy goal.

Regency Centers has acquired the Compo Shopping Centers, expanding its presence in Connecticut. The acquisition will combine Compo I & II with Regency’s existing center, forming Compo Acres Shopping Center. The move reflects Regency's commitment to community-focused retail expansion.

Regency Centers reported its first quarter 2024 results, showing Net Income Attributable to Common Shareholders of $0.58 per diluted share, Nareit FFO of $1.08 per diluted share, and Core Operating Earnings of $1.04 per diluted share. The company increased Same Property NOI by 2.1% year-over-year and saw record high leasing percentages. Regency initiated $80 million in new development projects, received a credit rating upgrade, and completed property dispositions. The company declared a quarterly cash dividend and provided updated 2024 guidance.