REG
Regency Centers Corporation67.16
-1.09-1.6%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Reaffirms dev priority, details Amazon response.
Q&A largely reaffirms the scripted optimism on leasing momentum and development, but surfaces specifics like a $1B pipeline over three years (75% ground-up) and Crystal Brook, an accretive acquired redevelopment with Whole Foods anchor. Management sees grocery-anchored acquisitions at 5-6% caps but prioritizes higher-yielding developments; no deals under contract. Amazon Fresh closures hit four centers, yet drew immediate interest for potential Whole Foods conversions or other grocers, with Amazon credit intact. Shop occupancy hit records, but demand persists—no ceiling in sight. Confident tone persists; watch delivery cadence and acquisition needles.
Key Stats
Market Cap
12.36BP/E (TTM)
30.81Basic EPS (TTM)
2.18Dividend Yield
0.04%Recent Filings
8-K
Co-founder Newton passes; shares sale
Regency Centers announced the passing of co-founder and former Chair Joan Wellhouse Stein Newton, age 97, on March 11, 2026. Her son, Executive Chair Martin E. 'Hap' Stein Jr., anticipates selling 150,000 to 200,000 common shares under Rule 144 over coming days to implement her estate plan. No change in Stein's leadership role or commitment. Sales may not occur.
8-K
Prices $450M notes due 2033
Regency Centers L.P. priced $450 million of 4.50% senior unsecured notes due 2033 at 99.376% of par, closing February 23, 2026, with Regency guaranteeing principal and interest. Net proceeds of ~$443.3 million will repay $100 million 3.81% notes due May 2026, reduce line of credit balances, and fund developments. Debt matures in seven years.
8-K
New ATM equity program
Regency Centers entered an Equity Distribution Agreement with RBC Capital Markets on February 17, 2026, joining 13 other agents for at-the-market sales of common stock up to $500 million aggregate price. Forward sale options allow flexible settlement, with commissions capped at 2.0%. Adds RBC firepower. No immediate proceeds from borrowed share sales.
10-K
FY2025 10-K filed
Regency Centers filed its 10-K for FY2025 ended December 31, 2025, confirming REIT status with 182.9M common shares outstanding as of February 2026 and non-affiliate equity value at $12.8B in Q2. Lacking financial statements or MD&A, core metrics like revenue, NOI, or Q4 momentum not disclosed in the 10-K. Parent guarantees OP's unsecured debt except $200M private placement. Q4 trends unavailable. Tax risks loom if REIT tests fail.
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