Regency Centers Upgraded by S&P Global Ratings to an ‘A-’ Credit Rating

Rhea-AI Summary

Regency Centers (REG) has received a credit rating upgrade from S&P Global Ratings to 'A-' with a stable outlook. The upgrade reflects the company's solid operating performance and strong financial metrics, supported by its high-quality, grocery-anchored portfolio and robust retail fundamentals.

Lisa Palmer, President and CEO, emphasized that this achievement demonstrates Regency's commitment to operational excellence and financial discipline, highlighting the company's consistent track record of cash flow growth and balance sheet strength, which creates value for stakeholders and provides stability through market cycles.

Positive

• Credit rating upgraded to A- by S&P Global
• Strong operating performance and financial metrics
• Solid cash flow growth track record
• Strong balance sheet position

Negative

• None.

JACKSONVILLE, Fla., Feb. 26, 2025 (GLOBE NEWSWIRE) -- Regency Centers Corporation (“Regency Centers”, the “Company” or “Regency”) announced today that S&P Global Ratings (“S&P”) raised its credit ratings related to the Company to ‘A-’ with a stable outlook.

In its public announcement, S&P noted “Regency Centers has continued demonstrating solid operating performance and financial metric strength, with support from its high quality, grocery-anchored portfolio and healthy retail fundamentals.”

“We very much appreciate S&P’s recognition of Regency’s commitment to operational excellence and financial discipline,” said Lisa Palmer, President and Chief Executive Officer. “This accomplishment is a testament to our Company’s long track record of cash flow growth and balance sheet strength, creating value for stakeholders and providing stability through cycles.”

About Regency Centers (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 Regency Centers' new S&P credit rating as of February 2025?

S&P Global Ratings upgraded Regency Centers to an 'A-' credit rating with a stable outlook.

Why did S&P Global Ratings upgrade Regency Centers (REG) to A-?

The upgrade reflects REG's solid operating performance, strong financial metrics, high-quality grocery-anchored portfolio, and healthy retail fundamentals.

What does the S&P rating upgrade mean for Regency Centers' stakeholders?

The upgrade validates REG's track record of cash flow growth and balance sheet strength, indicating enhanced value creation and stability for stakeholders.

How will the A- credit rating impact Regency Centers' financial position?

The higher credit rating suggests improved financial strength and could potentially lead to better borrowing terms and increased investor confidence.