Regency Centers Corp. Files 2024 10-K

TL;DR

Regency Centers Corp. filed its 2024 10-K. All systems go.

AI Summary

Regency Centers Corp. filed its 2024 10-K on February 14, 2025, reporting on its fiscal year ending December 31, 2024. The company, a real estate investment trust, is incorporated in Florida and operates under SIC code 6798. Its principal business address is One Independent Drive, Suite 114, Jacksonville, FL 32202. The filing also references Regency Centers LP, incorporated in Delaware.

Why It Matters

This 10-K filing provides a comprehensive overview of Regency Centers Corp.'s financial performance and operational status for the fiscal year 2024, crucial for investors and stakeholders to assess the company's health and future prospects.

Risk Assessment

Risk Level: low — The provided text is a standard 10-K filing header and does not contain specific financial performance details or forward-looking statements that would indicate a high-risk level.

Key Numbers

• 6798 — SIC Code (Identifies Regency Centers Corp. as a Real Estate Investment Trust.)
• 593191743 — IRS Number (Tax identification number for Regency Centers Corp.)

Key Players & Entities

• Regency Centers Corp. (company) — Filer of the 10-K
• 20241231 (date) — Fiscal year end
• 20250214 (date) — Filing date
• One Independent Drive, Suite 114, Jacksonville, FL 32202 (address) — Business and mailing address
• Regency Centers LP (company) — Related entity

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 par value REG The Nasdaq Stock Mark
• $200 million — f the Operating Partnership. Except for $200 million of unsecured private placement debt, th

Filing Documents

• reg-20241231.htm (10-K) — 20757KB
• reg-ex3_a.htm (EX-3.(A)) — 432KB
• reg-ex21.htm (EX-21) — 1111KB
• reg-ex22.htm (EX-22) — 19KB
• reg-ex23_1.htm (EX-23.1) — 6KB
• reg-ex31_1.htm (EX-31.1) — 15KB
• reg-ex31_2.htm (EX-31.2) — 15KB
• reg-ex31_3.htm (EX-31.3) — 15KB
• reg-ex31_4.htm (EX-31.4) — 15KB
• reg-ex32_1.htm (EX-32.1) — 6KB
• reg-ex32_2.htm (EX-32.2) — 6KB
• reg-ex32_3.htm (EX-32.3) — 6KB
• reg-ex32_4.htm (EX-32.4) — 6KB
• img39202392_0.jpg (GRAPHIC) — 175KB
• img39202392_1.jpg (GRAPHIC) — 102KB
• img216918706_0.jpg (GRAPHIC) — 18KB
• 0000950170-25-021359.txt ( ) — 61944KB
• reg-20241231.xsd (EX-101.SCH) — 3810KB
• reg-20241231_htm.xml (XML) — 14142KB

Risk Factors

Risk Factors 8 1B. Unresolved Staff Comments 22 1C. Cybersecurity 22 2.

Properties

Properties 24 3.

Legal Proceedings

Legal Proceedings 41 4. Mine Safety Disclosures 41 PART II 5. Market for the Registrant's Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities 41 6. Reserved 42 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 43 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 58 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 60 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 128 9A.

Controls and Procedures

Controls and Procedures 128 9B. Other Information 129 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspection 129 PART III 10. Directors, Executive Officers and Corporate Governance 129 11.

Executive Compensation

Executive Compensation 130 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 130 13. Certain Relationships and Related Transactions, and Director Independence 130 14. Principal Accountant Fees and Services 130 PART IV 15. Exhibits and Financial Statement Schedules 131 16. Form 10-K Summary 134

Forward-Looking Statements

Forward-Looking Statements Certain statements in this document regarding anticipated financial, business, legal or other outcomes including business and market conditions, outlook and other similar statements relating to Regency's future events, developments, or financial or operational performance or results, are "forward-looking statements" made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are identified by the use of words such as "may," "will," "could," "should," "would," "expect," "estimate," "believe," "intend," "forecast," "project," "plan," "anticipate," "guidance," and other similar language. However, the absence of these or similar words or expressions does not mean a statement is not forward-looking. While we believe these forward-looking statements are reasonable when made, forward-looking statements are not guarantees of future performance or events and undue reliance should not be placed on these statements. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance these expectations will be attained, and it is possible actual results may differ materially from those indicated by these forward-looking statements due to a variety of risk factors, including, without limitation, risk factors relating to: The Current Economic and Geopolitical Environments Pandemics or other Health Crises Operating Retail-Based Shopping Centers Real Estate Investments The Environment Affecting Our Properties Corporate Matters Our Partnerships and Joint Ventures Funding Strategies and Capital Structure Information Management and Technology Taxes and the Parent Company's Qualification as a REIT The Company's Stock As more specifically described in "Item 1A. Risk Factors " of this Report. When considering an investment in our securities, you should car

B usiness

Item 1. B usiness Regency Centers Corporation is a fully integrated real estate company and self-administered and self-managed real estate investment trust that began its operations as a publicly-traded REIT in 1993. Our corporate headquarters are located at One Independent Drive, Suite 114, Jacksonville, Florida. Regency Centers, L.P. is a subsidiary through which Regency Centers Corporation conducts substantially all of its operations, and which owns, directly or indirectly, substantially all of its assets. Our business consists of acquiring, developing, owning, and operating income-producing retail real estate principally located in suburban trade areas with compelling demographics within the United States of America ("USA" or "United States"). We generate revenues by leasing space to necessity, service, convenience, and value-based retailers serving the essential needs of our communities. Regency has been an S&P 500 Index member since 2017. As of December 31, 2024, we had full or partial equity ownership interests in 482 properties, primarily anchored by market leading grocery stores, encompassing 57.3 million square feet ("SF") of gross leasable area ("GLA"). Our Pro-rata share of this GLA is 48.8 million square feet, including our share of properties owned through unconsolidated real estate partnerships. We are a preeminent national owner, operator, and developer of neighborhood and community shopping centers predominantly located in suburban trade areas with compelling demographics, formats and locations. Our mission is to create thriving environments for retailers and service providers to connect with surrounding neighborhoods and communities. Our vision is to elevate quality of life as an integral thread in the fabric of our communities. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect with their neighborhoods, communities, and customers.

View Full Filing

View this 10-K filing on SEC EDGAR