Regency Centers Announces Tax Information for Regency Centers 2024 Distributions

Rhea-AI Summary

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.

Positive

• Increased quarterly dividend from $0.67 to $0.705 per share in Q4 2024
• Maintained consistent quarterly dividend payments throughout 2024
• All distributions qualify for Section 199A 20% business income deduction

Negative

• None.

JACKSONVILLE, Fla., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Regency Centers Corporation (“Regency Centers” or the “Company”) (Nasdaq:REG) today announced the federal income tax treatment of its 2024 distributions to holders of its Common and Preferred stock.

Regency Centers Corporation:

Common Stock: Symbol REG CUSIP #: 758849103
Record Date	Payable Date	Total Distribution Per Share		Distribution Allocated to 2024		Total Ordinary Dividends		Qualified Dividends (Included in Total Ordinary Div)		Section 199A Dividends(1)		Total Capital Gain Distribution (2)		Unrecapt Section 1250 Gain		Section 897 Ordinary Dividends		Section 897 Capital Gain		Nontaxable Distributions
12/14/2023	1/3/2024	$0.670000		$0.128000		$0.127078		$0.000000		$0.127078		$0.000922		$0.000000		$0.000000		$0.000596		$0.000000
3/13/2024	4/3/2024	$0.670000		$0.670000		$0.665176		$0.000000		$0.665176		$0.004824		$0.000000		$0.000000		$0.003122		$0.000000
6/12/2024	7/3/2024	$0.670000		$0.670000		$0.665176		$0.000000		$0.665176		$0.004824		$0.000000		$0.000000		$0.003122		$0.000000
9/12/2024	10/3/2024	$0.670000		$0.670000		$0.665176		$0.000000		$0.665176		$0.004824		$0.000000		$0.000000		$0.003122		$0.000000
12/16/2024	1/3/2025	$0.705000		$0.705000		$0.699924		$0.000000		$0.699924		$0.005076		$0.000000		$0.000000		$0.003285		$0.000000
TOTALS		$3.385000		$2.843000		$2.822530		$0.000000		$2.822530		$0.020470		$0.000000		$0.000000		$0.013247		$0.000000
Series A Cumulative Redeemable Preferred: Symbol REGCP CUSIP #: 758849889
Record Date	Payable Date	Total Distribution Per Share		Distribution Allocated to 2024		Total Ordinary Dividends		Qualified Dividends (Included in Total Ordinary Div)		Section 199A Dividends(1)		Total Capital Gain Distribution (2)		Unrecapt Section 1250 Gain		Section 897 Ordinary Dividends		Section 897 Capital Gain		Nontaxable Distributions
1/16/2024	1/31/2024	$0.390625		$0.390625		$0.387813		$0.000000		$0.387813		$0.002812		$0.000000		$0.000000		$0.001820		$0.000000
4/15/2024	4/30/2024	$0.390625		$0.390625		$0.387813		$0.000000		$0.387813		$0.002812		$0.000000		$0.000000		$0.001820		$0.000000
7/16/2024	7/31/2024	$0.390625		$0.390625		$0.387813		$0.000000		$0.387813		$0.002812		$0.000000		$0.000000		$0.001820		$0.000000
10/16/2024	10/31/2024	$0.390625		$0.390625		$0.387813		$0.000000		$0.387813		$0.002812		$0.000000		$0.000000		$0.001820		$0.000000
TOTALS		$1.562500		$1.562500		$1.551252		$0.000000		$1.551252		$0.011248		$0.000000		$0.000000		$0.007280		$0.000000
Series B Cumulative Redeemable Preferred:Symbol REGCO CUSIP #: 758849871
Record Date	Payable Date	Total Distribution Per Share		Distribution Allocated to 2024		Total Ordinary Dividends		Qualified Dividends (Included in Total Ordinary Div)		Section 199A Dividends(1)		Total Capital Gain Distribution (2)		Unrecapt Section 1250 Gain		Section 897 Ordinary Dividends		Section 897 Capital Gain		Nontaxable Distributions
1/16/2024	1/31/2024	$0.367200		$0.367200		$0.364556		$0.000000		$0.364556		$0.002644		$0.000000		$0.000000		$0.001711		$0.000000
4/15/2024	4/30/2024	$0.367200		$0.367200		$0.364556		$0.000000		$0.364556		$0.002644		$0.000000		$0.000000		$0.001711		$0.000000
7/16/2024	7/31/2024	$0.367200		$0.367200		$0.364556		$0.000000		$0.364556		$0.002644		$0.000000		$0.000000		$0.001711		$0.000000
10/16/2024	10/31/2024	$0.367200		$0.367200		$0.364556		$0.000000		$0.364556		$0.002644		$0.000000		$0.000000		$0.001711		$0.000000
TOTALS		$1.468800		$1.468800		$1.458224		$0.000000		$1.458224		$0.010576		$0.000000		$0.000000		$0.006844		$0.000000

(1)	This amount represents dividends eligible for the 20% qualified business income deduction under Section 199A, and is included in Ordinary Dividends.
(2)	Section 1061 is generally applicable to direct and indirect holders of “applicable partnership interests.” Pursuant to Treasury Regulation Section 1.1061-6(c), the “One Year Amounts Disclosure” is 100% of the capital gain distributions allocated to each shareholder and “Three Year Disclosure” is 64.75% of the capital gain distributions allocated to each shareholder.

Please note, of the $0.67000 per share dividend declared for Common holders of record on December 14, 2023 and paid on January 3, 2024, $0.54200 was reported for income tax purposes in 2023 with the remaining $0.12800 reported for tax year 2024 as set forth in the above table.

Of the $0.70500 per share dividend declared for the Common holders of record on December 16, 2024 and paid on January 3, 2025, $0.70500 is reported for income tax purposes in 2024.

This information is being provided to assist shareholders with tax reporting related to distributions made by the Company. It represents the Company’s understanding of the U.S. federal income tax laws and regulations and does not constitute tax advice. It does not purport to be complete or to describe the consequences that may apply to specific types of shareholders. Shareholders should review the tax statements that they will receive from their brokerage firms or other institutions to ensure that the statements agree with the information posted. Tax treatment of 2024 distributions is not necessarily indicative of taxability of future distributions, as tax treatment may change from year to year. The information provided herein should not be construed as tax advice or relied upon as such, and shareholders are strongly encouraged to consult with their tax advisors as to tax treatment of the Company's distributions specific to their individual situations.

About Regency Centers Corporation (Nasdaq: REG)

Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers. Operating as a fully integrated real estate company, Regency Centers is a qualified real estate investment trust (REIT) that is self-administered, self-managed, and an S&P 500 Index member. For more information, please visit RegencyCenters.com.

Christy McElroy
904 598 7616
ChristyMcElroy@regencycenters.com

This press release was published by a CLEAR® Verified individual.

FAQ

What is REG's total dividend distribution per share for 2024?

Regency Centers' total dividend distribution for common stock (REG) in 2024 was $3.385 per share.

How much did REG increase its quarterly dividend in Q4 2024?

REG increased its quarterly dividend from $0.67 to $0.705 per share in the fourth quarter of 2024.

What portion of REG's 2024 distributions qualified as ordinary dividends?

Of the total distributions, $2.82253 per share qualified as ordinary dividends for REG common stock in 2024.

What was the total distribution for REG's Series A Preferred Stock (REGCP) in 2024?

The total distribution for REG's Series A Preferred Stock (REGCP) was $1.5625 per share in 2024.

Are REG's 2024 distributions eligible for the Section 199A deduction?

Yes, REG's 2024 distributions qualify for the 20% qualified business income deduction under Section 199A.