Regency Centers Corp. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>Regency Centers Corp. has filed its quarterly report (10-Q) for the period ending March 31, 2024, detailing financial activities and holdings.</b>

AI Summary

REGENCY CENTERS CORP (REGCP) filed a Quarterly Report (10-Q) with the SEC on May 3, 2024. Regency Centers Corp. filed a 10-Q report for the period ending March 31, 2024. The filing includes data related to wholly-owned properties and general partner interests. It references specific dates for financial reporting, including Q1 2024 and Q1 2023. The report details various financial instruments and accounts, such as unsecured debt and preferred stock. Key dates mentioned include January 8, 2024, for senior unsecured debt and January 18, 2024, for a revolving credit facility.

Why It Matters

For investors and stakeholders tracking REGENCY CENTERS CORP, this filing contains several important signals. This 10-Q filing provides investors with an updated view of Regency Centers' financial health and operational status as of Q1 2024. The specific financial data and dates disclosed are crucial for understanding the company's performance and its obligations, including debt and equity structures.

Risk Assessment

Risk Level: low — REGENCY CENTERS CORP shows low risk based on this filing. The filing is a standard 10-Q, which is a routine quarterly report for publicly traded companies, indicating no immediate or unusual risks beyond normal business operations.

Analyst Insight

Monitor future filings for trends in revenue, net income, and debt levels to assess the company's ongoing financial performance.

Key Numbers

• 2024-03-31 — Reporting Period End Date (Conformed Period of Report)
• 2024-05-03 — Filing Date (As of Date)
• Q1 2024 — Fiscal Quarter (Reporting period)
• 2023-03-31 — Prior Year Quarter End Date (Comparative period)

Key Players & Entities

• REGENCY CENTERS CORP (company) — Filer name
• REGENCY CENTERS LP (company) — Filer name
• REGENCY REALTY CORP (company) — Former company name
• FL (location) — State of incorporation
• DE (location) — State of incorporation
• 9045987000 (phone) — Business phone number
• 001-12298 (filing_id) — SEC file number
• 000-24763 (filing_id) — SEC file number

FAQ

Risk Factors

• Financial Risks [medium — financial]: The company is exposed to various financial risks inherent in real estate investment and operations, including market fluctuations and interest rate changes.
• Regulatory Compliance [medium — regulatory]: Compliance with real estate and securities regulations is essential, with potential penalties for non-adherence.
• Operational Risks [medium — operational]: Operational risks include property management challenges, tenant defaults, and environmental liabilities associated with owned properties.

Key Dates

• 2024-03-31: Quarterly Period End — End of the reporting period for the 10-Q filing.
• 2024-05-03: Filing Date — Date the 10-Q was officially filed with the SEC.

Glossary

10-Q

A quarterly report required by the U.S. Securities and Exchange Commission (SEC). (Provides investors with a comprehensive overview of the company's financial performance during the quarter.)

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-20240331.htm (10-Q) — 3565KB
• reg-ex31_1.htm (EX-31.1) — 12KB
• reg-ex31_2.htm (EX-31.2) — 12KB
• reg-ex31_3.htm (EX-31.3) — 12KB
• reg-ex31_4.htm (EX-31.4) — 12KB
• reg-ex32_1.htm (EX-32.1) — 5KB
• reg-ex32_2.htm (EX-32.2) — 5KB
• reg-ex32_3.htm (EX-32.3) — 5KB
• reg-ex32_4.htm (EX-32.4) — 5KB
• img39173562_0.jpg (GRAPHIC) — 267KB
• 0000950170-24-052749.txt (&nbsp;) — 12229KB
• reg-20240331.xsd (EX-101.SCH) — 1796KB
• reg-20240331_htm.xml (XML) — 1743KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION Item 1.

Financial Statements (Unaudited)

Financial Statements (Unaudited) Regency Centers Corporation: Consolidated Balance Sheets as of March 31, 2024 and December 31, 2023 1 Consolidated Statements of Operations for the periods ended March 31, 2024 and 2023 2 Consolidated Statements of Comprehensive Income for the periods ended March 31, 2024 and 2023 3 Consolidated Statements of Equity for the periods ended March 31, 2024 and 2023 4 Consolidated Statements of Cash Flows for the periods ended March 31, 2024 and 2023 5 Regency Centers, L.P.: Consolidated Balance Sheets as of March 31, 2024 and December 31, 2023 7 Consolidated Statements of Operations for the periods ended March 31, 2024 and 2023 8 Consolidated Statements of Comprehensive Income for the periods ended March 31, 2024 and 2023 9 Consolidated Statements of Capital for the periods ended March 31, 2024 and 2023 10 Consolidated Statements of Cash Flows for the periods ended March 31, 2024 and 2023 11

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements 13 Item 2.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 25 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 42 Item 4.

Controls and Procedures

Controls and Procedures 42

- OTHER INFORMATION

PART II - OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 42 Item 1A.

Risk Factors

Risk Factors 43 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 43 Item 3. Defaults Upon Senior Securities 43 Item 4. Mine Safety Disclosures 43 Item 5. Other Information 43 Item 6. Exhibits 43

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements REGENCY CENTERS CORPORATION Consolidated Balance Sheets March 31, 2024 and December 31, 2023 (in thousands, except share data) 2024 2023 Assets (unaudited) Net real estate investments: Real estate assets, at cost $ 13,456,499 13,454,391 Less: accumulated depreciation 2,748,712 2,691,386 Real estate assets, net 10,707,787 10,763,005 Investments in sales-type lease, net 11,532 8,705 Investments in real estate partnerships 368,709 370,605 Net real estate investments 11,088,028 11,142,315 Properties held for sale, net 33,572 18,878 Cash, cash equivalents, and restricted cash, including $ 5,401 and $ 6,383 of restricted cash at March 31, 2024 and December 31, 2023, respectively 230,101 91,354 Tenant and other receivables, net 229,407 206,162 Deferred leasing costs, less accumulated amortization of $ 125,643 and $ 124,107 at March 31, 2024 and December 31, 2023, respectively 77,484 73,398 Acquired lease intangible assets, less accumulated amortization of $ 364,829 and $ 364,413 at March 31, 2024 and December 31, 2023, respectively 266,831 283,375 Right of use assets, net 326,047 328,002 Other assets 399,433 283,429 Total assets $ 12,650,903 12,426,913 Liabilities and Equity Liabilities: Notes payable, net $ 4,387,181 4,001,949 Unsecured credit facility 30,000 152,000 Accounts payable and other liabilities 344,641 358,612 Acquired lease intangible liabilities, less accumulated amortization of $ 202,474 and $ 211,067 at March 31, 2024 and December 31, 2023, respectively 389,908 398,302 Lease liabilities 245,235 246,063 Tenants' security, escrow deposits and prepaid rent 75,919 78,052 Total liabilities 5,472,884 5,234,978 Commitments and contingencies — — Equity: Shareholders' equity: Preferred stock $ 0.01 par value per share, 30,000,000 shares authorized; 9,000,000 and shares issue

View Full Filing

View this 10-Q filing on SEC EDGAR