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REG's first shopping center development in the Northern California submarket is likely to draw in substantial consumer footfall and drive sales.

Regency Centers' (REG) premium portfolio of necessity-driven grocery-anchored shopping centers and strategic expansion augur well for growth.

OAKLEY, Calif., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Regency Centers has announced the commencement of Oakley Shops at Laurel Fields (“Oakley Shops”), a new Safeway-anchored ground-up development in Oakley, CA. Oakley Shops will include approximately 79,000-square-feet of retail and marks Regency's first development in the Northern California submarket. This new development will be situated at the signalized arterial intersection of Laurel Road and O'Hara Avenue and will address a void of limited high-quality retail and grocer destinations in the trade area.

JACKSONVILLE, Fla., Aug. 12, 2024 (GLOBE NEWSWIRE) -- Regency Centers Corporation (“Regency,” “Regency Centers,” or the “Company”) (Nasdaq: REG) announced today that its operating partnership, Regency Centers, L.P., has priced a $325 million public offering of senior unsecured notes due 2035 (the “Notes”) under its existing shelf registration filed with the U.S. Securities and Exchange Commission (the “SEC”). The Notes will mature on January 15, 2035, and were issued at 99.813% of par value with a coupon of 5.100%. Interest on the Notes will be payable semiannually on January 15 and July 15 of each year, with the first payment due and payable on January 15, 2025. The Company will guarantee the payment of principal and interest on the Notes.

In recent years, real estate investment trusts (REITs) have underperformed the broader market by a wide margin, primarily due to elevated interest rates. High interest rates exert significant pressure on REIT share prices for several reasons.

Regency Centers Corporation (NASDAQ:REG ) Q2 2024 Earnings Conference Call August 2, 2024 11:00 AM ET Company Participants Christy McElroy - SVP, Capital Markets Lisa Palmer - President and CEO Alan Roth - East Region President and COO Nick Wibbenmeyer - West Region President and CIO Mike Mas - CFO Conference Call Participants Michael Goldsmith - UBS Jeff Spector - Bank of America Merrill Lynch Juan Sanabria - BMO Capital Markets Viktor Fediv - Scotiabank Craig Mailman - Citigroup Samir Khanal - Evercore ISI Dori Kesten - Wells Fargo Ravi Vaidya - Mizuho Securities Ki Bin Kim - Truist Securities Ron Kamdem - Morgan Stanley Floris Van Dijkum - Compass Point Linda Tsai - Jefferies Tayo Okusanya - Deutsche Bank Alec Feygin - Baird Mike Mueller - JPMorgan Operator Greetings, and welcome to Regency Center Corporation's Second Quarter 2024 Earnings Conference Call. At this time all participants are in listen-only mode.

Regency Centers' (REG) second-quarter 2024 results depict healthy leasing activity and improvement in the base rent. However, high interest expense affected the results to some extent.

Regency Centers (REG) came out with quarterly funds from operations (FFO) of $1.06 per share, beating the Zacks Consensus Estimate of $1.02 per share. This compares to FFO of $1.03 per share a year ago.

JACKSONVILLE, Fla., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Regency Centers Corporation (“Regency Centers”, “Regency” or the “Company”) (Nasdaq: REG) today reported financial and operating results for the period ended June 30, 2024 and provided updated 2024 earnings guidance. For the three months ended June 30, 2024 and 2023, Net Income Attributable to Common Shareholders was $0.54 per diluted share and $0.51 per diluted share, respectively.

Healthy demand for Regency Centers' (REG) shopping centers and diverse tenant base are likely to have benefited the company's Q2 earnings. However, higher interest rates might have ailed.