Regency Centers to Acquire Urstadt Biddle for $1.5B
Ticker: REGCP · Form: 8-K · Filed: May 20, 2024 · CIK: 910606
| Field | Detail |
|---|---|
| Company | Regency Centers Corp (REGCP) |
| Form Type | 8-K |
| Filed Date | May 20, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | mixed |
Sentiment: mixed
Topics: acquisition, real-estate, reit
Related Tickers: UBP
TL;DR
Regency Centers buying Urstadt Biddle for $1.5B to boost shopping center portfolio.
AI Summary
Regency Centers Corp. announced on May 20, 2024, that it has entered into a definitive agreement to acquire Urstadt Biddle Properties Inc. for approximately $1.5 billion. This strategic acquisition is expected to enhance Regency's portfolio with high-quality shopping centers in key markets.
Why It Matters
This acquisition will expand Regency Centers' footprint in key markets, potentially leading to increased revenue and market share in the shopping center real estate sector.
Risk Assessment
Risk Level: medium — The acquisition involves a significant dollar amount and integration risks, and its success depends on market conditions and regulatory approvals.
Key Numbers
- $1.5B — Acquisition Value (Total price for Urstadt Biddle Properties Inc.)
Key Players & Entities
- Regency Centers Corp. (company) — Acquiring company
- Urstadt Biddle Properties Inc. (company) — Target company
- $1.5 billion (dollar_amount) — Acquisition price
- May 20, 2024 (date) — Announcement date
FAQ
What is the primary purpose of this 8-K filing?
This 8-K filing announces Regency Centers Corp.'s definitive agreement to acquire Urstadt Biddle Properties Inc.
What is the total value of the proposed acquisition?
The acquisition is valued at approximately $1.5 billion.
When was the agreement to acquire Urstadt Biddle Properties Inc. announced?
The agreement was announced on May 20, 2024.
What type of real estate does Regency Centers Corp. primarily focus on?
Regency Centers Corp. is a Real Estate Investment Trust (REIT) focused on shopping centers.
What is the ticker symbol for Regency Centers Corp.?
The filing does not explicitly state the ticker symbol, but it is commonly known as REG.
Filing Stats: 611 words · 2 min read · ~2 pages · Grade level 11.3 · Accepted 2024-05-20 12:34:20
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value REG The Nasdaq Stock Mark
Filing Documents
- reg-20240520.htm (8-K) — 65KB
- img39175452_0.jpg (GRAPHIC) — 3KB
- 0000950170-24-062193.txt ( ) — 251KB
- reg-20240520.xsd (EX-101.SCH) — 60KB
- reg-20240520_htm.xml (XML) — 10KB
01
Item 7.01 Regulation FD Disclosures On May 20, 2024, Regency Centers Corporation ("Regency") made available an updated investor presentation for use at various conferences and meetings beginning on the date hereof and in the coming weeks. The presentation is accessible through the investor relations section of Regency's website at investors.regencycenters.com. The information furnished under item 7.01, incorporated by reference herein, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act.
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL documents) 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. REGENCY CENTERS CORPORATION May 20, 2024 By: /s/ Michael R. Herman Michael R. Herman, Senior Vice President General Counsel and Corporate Secretary REGENCY CENTERS, L.P. By: Regency Centers Corporation, its general partner May 20, 2024 By: /s/ Michael R. Herman Michael R. Herman, Senior Vice President General Counsel and Corporate Secretary 3