Regency Centers Corp. Files Q3 2024 10-Q

TL;DR

**REGENCY CENTERS CORP (REG) FILED Q3 10-Q - FINANCIALS OUT NOW**

AI Summary

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

Why It Matters

This filing provides investors with a detailed look at Regency Centers Corp.'s financial health and operational performance during the third quarter of 2024, impacting investment decisions.

Risk Assessment

Risk Level: medium — As a real estate investment trust, Regency Centers Corp. is subject to market fluctuations, interest rate changes, and tenant performance, which can impact its financial stability.

Key Numbers

• N/A — Revenue (Specific revenue figures for Q3 2024 are not detailed in this header information.)
• N/A — Net Income (Specific net income figures for Q3 2024 are not detailed in this header information.)
• N/A — Total Assets (Specific total asset figures for Q3 2024 are not detailed in this header information.)

Key Players & Entities

• REGENCY CENTERS CORP (company) — Filer
• REGENCY CENTERS LP (company) — Related Filer
• 20240930 (date) — Reporting Period End Date
• 20241101 (date) — Filing Date

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-20240930.htm (10-Q) — 5219KB
• reg-ex31_1.htm (EX-31.1) — 13KB
• reg-ex31_2.htm (EX-31.2) — 13KB
• reg-ex31_3.htm (EX-31.3) — 13KB
• reg-ex31_4.htm (EX-31.4) — 13KB
• 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
• img39179327_0.jpg (GRAPHIC) — 267KB
• 0000950170-24-120019.txt ( ) — 15195KB
• reg-20240930.xsd (EX-101.SCH) — 1847KB
• reg-20240930_htm.xml (XML) — 2363KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION Item 1.

Financial Statements (Unaudited)

Financial Statements (Unaudited) Regency Centers Corporation: Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023 1 Consolidated Statements of Operations for the periods ended September 30, 2024 and 2023 2 Consolidated Statements of Comprehensive Income for the periods ended September 30, 2024 and 2023 3 Consolidated Statements of Equity for the periods ended September 30, 2024 and 2023 4 Consolidated Statements of Cash Flows for the periods ended September 30, 2024 and 2023 6 Regency Centers, L.P.: Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023 8 Consolidated Statements of Operations for the periods ended September 30, 2024 and 2023 9 Consolidated Statements of Comprehensive Income for the periods ended September 30, 2024 and 2023 10 Consolidated Statements of Capital for the periods ended September 30, 2024 and 2023 11 Consolidated Statements of Cash Flows for the periods ended September 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 47 Item 4.

Controls and Procedures

Controls and Procedures 48

- OTHER INFORMATION

PART II - OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 49 Item 1A.

Risk Factors

Risk Factors 49 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 49 Item 3. Defaults Upon Senior Securities 49 Item 4. Mine Safety Disclosures 49 Item 5. Other Information 49 Item 6. Exhibits 50

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements REGENCY CENTERS CORPORATION Consolidated Balance Sheets September 30, 2024 and December 31, 2023 (in thousands, except share data) 2024 2023 Assets (unaudited) Net real estate investments: Real estate assets, at cost $ 13,620,602 13,454,391 Less: accumulated depreciation 2,894,010 2,691,386 Real estate assets, net 10,726,592 10,763,005 Investments in sales-type lease, net 16,056 8,705 Investments in real estate partnerships 387,413 370,605 Net real estate investments 11,130,061 11,142,315 Properties held for sale, net — 18,878 Cash, cash equivalents, and restricted cash, including $ 4,822 and $ 6,383 of restricted cash at September 30, 2024 and December 31, 2023, respectively 114,831 91,354 Tenant and other receivables, net 240,114 206,162 Deferred leasing costs, less accumulated amortization of $ 128,881 and $ 124,107 at September 30, 2024 and December 31, 2023, respectively 78,206 73,398 Acquired lease intangible assets, less accumulated amortization of $ 384,600 and $ 364,413 at September 30, 2024 and December 31, 2023, respectively 242,529 283,375 Right of use assets, net 323,660 328,002 Other assets 297,178 283,429 Total assets $ 12,426,579 12,426,913 Liabilities and Equity Liabilities: Notes payable, net $ 4,365,007 4,001,949 Unsecured credit facility 30,000 152,000 Accounts payable and other liabilities 389,055 358,612 Acquired lease intangible liabilities, less accumulated amortization of $ 214,684 and $ 211,067 at September 30, 2024 and December 31, 2023, respectively 372,627 398,302 Lease liabilities 245,107 246,063 Tenants' security, escrow deposits and prepaid rent 80,586 78,052 Total liabilities 5,482,382 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 s

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View this 10-Q filing on SEC EDGAR