Regency Centers Corp. Files Q2 2024 10-Q

TL;DR

**REGENCY CENTERS CORP (REG) FILED Q2 10-Q - FINANCIALS OUT.**

AI Summary

Regency Centers Corp. filed its 10-Q for the period ending June 30, 2024. The filing details the company's financial performance and position. Key financial data and operational updates are provided for the second quarter of 2024.

Why It Matters

This filing provides investors with crucial financial data and operational insights into Regency Centers Corp.'s performance for the second quarter of 2024, impacting investment decisions.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing (10-Q) and does not inherently present new risks.

Key Numbers

• Q2 2024 — Reporting Period (Financials for the second quarter of 2024 are detailed.)

Key Players & Entities

• Regency Centers Corp. (company) — Filer of the 10-Q
• 20240630 (date) — End of the reporting period
• 20240802 (date) — Filing date
• 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-20240630.htm (10-Q) — 4950KB
• reg-ex31_1.htm (EX-31.1) — 12KB
• reg-ex31_2.htm (EX-31.2) — 13KB
• 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
• img39176444_0.jpg (GRAPHIC) — 267KB
• 0000950170-24-089720.txt ( ) — 14423KB
• reg-20240630.xsd (EX-101.SCH) — 1830KB
• reg-20240630_htm.xml (XML) — 2183KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION Item 1.

Financial Statements (Unaudited)

Financial Statements (Unaudited) Regency Centers Corporation: Consolidated Balance Sheets as of June 30, 2024 and December 31, 2023 1 Consolidated Statements of Operations for the periods ended June 30, 2024 and 2023 2 Consolidated Statements of Comprehensive Income for the periods ended June 30, 2024 and 2023 3 Consolidated Statements of Equity for the periods ended June 30, 2024 and 2023 4 Consolidated Statements of Cash Flows for the periods ended June 30, 2024 and 2023 6 Regency Centers, L.P.: Consolidated Balance Sheets as of June 30, 2024 and December 31, 2023 8 Consolidated Statements of Operations for the periods ended June 30, 2024 and 2023 9 Consolidated Statements of Comprehensive Income for the periods ended June 30, 2024 and 2023 10 Consolidated Statements of Capital for the periods ended June 30, 2024 and 2023 11 Consolidated Statements of Cash Flows for the periods ended June 30, 2024 and 2023 13

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements 15 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 27 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 46 Item 4.

Controls and Procedures

Controls and Procedures 47

- OTHER INFORMATION

PART II - OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 48 Item 1A.

Risk Factors

Risk Factors 48 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 48 Item 3. Defaults Upon Senior Securities 48 Item 4. Mine Safety Disclosures 48 Item 5. Other Information 48 Item 6. Exhibits 49

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements REGENCY CENTERS CORPORATION Consolidated Balance Sheets June 30, 2024 and December 31, 2023 (in thousands, except share data) 2024 2023 Assets (unaudited) Net real estate investments: Real estate assets, at cost $ 13,532,046 13,454,391 Less: accumulated depreciation 2,822,272 2,691,386 Real estate assets, net 10,709,774 10,763,005 Investments in sales-type lease, net 15,826 8,705 Investments in real estate partnerships 378,091 370,605 Net real estate investments 11,103,691 11,142,315 Properties held for sale, net — 18,878 Cash, cash equivalents, and restricted cash, including $ 6,109 and $ 6,383 of restricted cash at June 30, 2024 and December 31, 2023, respectively 79,923 91,354 Tenant and other receivables, net 236,999 206,162 Deferred leasing costs, less accumulated amortization of $ 126,867 and $ 124,107 at June 30, 2024 and December 31, 2023, respectively 77,836 73,398 Acquired lease intangible assets, less accumulated amortization of $ 374,411 and $ 364,413 at June 30, 2024 and December 31, 2023, respectively 256,639 283,375 Right of use assets, net 323,015 328,002 Other assets 306,077 283,429 Total assets $ 12,384,180 12,426,913 Liabilities and Equity Liabilities: Notes payable, net $ 4,055,390 4,001,949 Unsecured credit facility 310,000 152,000 Accounts payable and other liabilities 357,232 358,612 Acquired lease intangible liabilities, less accumulated amortization of $ 208,900 and $ 211,067 at June 30, 2024 and December 31, 2023, respectively 380,505 398,302 Lease liabilities 243,318 246,063 Tenants' security, escrow deposits and prepaid rent 74,565 78,052 Total liabilities 5,421,010 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 shares issued and outstand

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View this 10-Q filing on SEC EDGAR