Regency Centers Corporation · NASDAQ:REG
Regency Centers — Investor Day (December 2010)
5 slides from Regency Centers's investor day presentation, Dec 9, 2010
Slide 1: Strategic Objectives: Grow Shareholder Value
Exhibit 99.2 [Slide 1, page 55 of the “REG Investor and Analyst Day Presentation”] Strategic Objectives: Grow Shareholder Value Result of Achieving Strategic Objectives • Generate per share earnings and NAV growth • 2011: expected to be in the range of 2010 • 2011-2014: 5%-7% • Harvest embedded grow
Slide 2: 2011 Guidance
[Slide 2, pages 57 through 61 of the “REG Investor and Analyst Day Presentation”] 2011 Guidance 2010E 2011E Recurring FFO/Share $2.35 - $2.40 $2.30 - $2.45 FFO/Share $2.25 - $2.30 $2.28 - $2.48 Same property percent leased at period end 92.5% - 93.0% 92.0% - 93.5% Same property NOI growth 1.0% - 1.5
Slide 3: 2011 Guidance Reconciliation
[Slide 3, page 62 of the “REG Investor and Analyst Day Presentation”] 2011 Guidance Reconciliation 2010 Recurring Range $ 2.35 $ 2.40 NOI* Same store NOI (0.04) 0.06 Non same store NOI 0.01 0.01 Development NOI 0.06 0.07 2011 Net New Investment NOI (0.02) (0.01) NOI subtotal* 0.01 0.13 Recurring net
Slide 4: Strategic Objectives: the Roadmap to Growth
[Slide 4, page 63 of the “REG Investor and Analyst Day Presentation”] Strategic Objectives: the Roadmap to Growth Annual Average Per Share Growth 2012-2014 Future Assumptions Contribution from… Pro-rata NOI; growth in 2012-2014 averaging 3.5%-4%; Net Operating Income (NOI) 5.5% - 7.5% 4% - 5% Future
Slide 5: Reconciliation of FFO and Recurring FFO Guidance to Net Income
[Slide 5, page 65 of the “REG Investor and Analyst Day Presentation”] Reconciliation of FFO and Recurring FFO Guidance to Net Income December 31, 2010 and 2011 All numbers are per share except weighted average shares Funds From Operations Guidance: Full Year 2010 Full Year 2011 Net income attributab