9/26/2023 0 Comments Noi webcast archives![]() Inclusion for a 3 rd year on Newsweek’s 2022 Most Responsible Companies List, ranked top 100.On February 9, 2022, Regency’s Board of Directors (the “Board”) declared a quarterly cash dividend on the Company’s common stock of $0.625 per share.On January 25, 2022, issued its second annual TCFD Climate Change Risk Report, illustrating the Company’s continued commitment to responsible environmental stewardship.On January 11, 2022, closed on the sale of Costa Verde Center in San Diego, CA for $125 million.Achieved pro-rata net debt-to-operating EBITDA re of 5.1x at December 31, 2021.Completed property dispositions of $87 million during the fourth quarter and $279 million during the full year, both at Regency’s share.Completed property acquisitions of $311 million during the fourth quarter and $489 million during the full year, both at Regency’s share.Executed 1.8 million square feet of comparable new and renewal leases during the fourth quarter at a blended rent spread of +12.9%, and 7.1 million square feet during the full year at a blended rent spread of +5.5%.Collected 99% of fourth quarter pro-rata billed base rent, as of February 7, 2022.Increased percent leased by 50 basis points sequentially to 94.3% in the Same Property portfolio, as of December 31, 2021.Reported that Same Property Net Operating Income (“NOI”), excluding lease termination fees, increased 15.4% during the fourth quarter and 16.2% during the full year over the same periods a year ago.Reported Nareit FFO of $1.01 per diluted share for the fourth quarter, and $4.02 per diluted share for the full year.For the twelve months ended Decemand 2020, Net Income was $2.12 per diluted share and $0.26 per diluted share, respectively.įourth Quarter and Full Year 2021 Highlights For the three months ended Decemand 2020, Net Income was $0.39 per diluted share and $0.23 per diluted share, respectively. 10, 2022 (GLOBE NEWSWIRE) - Regency Centers Corporation (“Regency” or the “Company”) (Nasdaq:REG) today reported financial and operating results for the period ended December 31, 2021.
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