Slide 1: Regency Centers COVID-19 Business Update
Regency Centers COVID-19 Business Update March 30, 2020
Slide 2: Regency Centers: COVID-19 Business Update
Regency Centers: COVID-19 Business Update As the COVID-19 pandemic continues to evolve, Regency Centers is carefully monitoring the situation to ensure we are making the safest decisions possible for all of our team members, stakeholders and properties. Due to the uncertainty surrounding the impacts
Slide 3: Operational Update
Operational Update Our top priority is the well-being of our team members, tenants, and the people in the communities that our properties serve. While the impacts of this unprecedented crisis are difficult to quantify at this time, Regency is built to withstand challenges and adversity with its stro
Slide 4: Balance Sheet Stability
Balance Sheet Stability To further strengthen our already strong balance sheet and liquidity position in this rapidly evolving and uncertain situation, we have taken additional steps to increase liquidity: n Settled our forward equity offering from September 2019 at $67.99 per share representing net
Slide 5: Investments Update
Investments Update Regency currently has ~$350 million of development and redevelopment projects in process and in various stages of construction. Approximately $225 million remains to be spent to complete the in-process projects. Due to impacts of COVID-19, construction has been suspended at some p
Slide 6: Portfolio Composition
Portfolio Composition As of 02/29/2020 (1) Essential retailers defined as those that supply or provide consumers and essential businesses with any basic necessary goods and services; the definition varies across municipalities. While some restaurants are deemed to be essential retail, we have exclud
Slide 7: Portfolio Composition
Portfolio Composition As of 02/29/2020 ANCHORS (≥10K SF): 45% Pro Rata ABR National: 65% Regional: 30% Local: 5% SMALL SHOPS (<10K SF): 55% PRO RATA ABR National: 45% Regional: 15% Local: 40% REGENCY PORTFOLIO (1) Anchors and Shops NATIONAL TENANTS 55% Pro Rata ABR REGIONAL TENANTS 25% Pro Rata ABR
Slide 8: Safe Harbor and Non-GAAP Disclosures
Safe Harbor and Non-GAAP Disclosures Forward-looking statements involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements. Such risks and uncertainties include, but are not limited to the impact of the re