Slide 1: 2018 Earnings & Valuation Guidance
January 11, 2018 2018 EARNINGS & VALUATION GUIDANCE
Slide 2: Forward-Looking Statements
Forward-Looking Statements Forward-looking statements involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements. Please refer to the documents filed by Regency Centers Corporation (“Regency” or the “Compa
Slide 3: Guidance: Updated Full-Year 2017
Guidance: Updated Full-Year 2017 All figures pro rata, except per share information Earnings, Same Property Investments, Funding, NOI Growth and 2017 E and Other 2017 E Occupancy Metrics (in 000s) Net Income Attributable to Common Development/Redevelopment Starts $231,500 $1.00 – $1.02 Stockholders
Slide 4: Guidance: Initial 2018
Guidance: Initial 2018 All figures pro rata, except per share information Earnings, Same Property Investments, Funding, NOI Growth and 2018 E and Other 2018 E Occupancy Metrics (in 000s) Net Income Attributable to Common Development/Redevelopment Starts $200k – $300k $1.47 – $1.56 Stockholders Estim
Slide 5: Core FFO and Operating FFO Definitions
Core FFO and Operating FFO Definitions Core FFO: Excludes NAREIT FFO excluding certain Transaction related income/expenses non-comparable items that Impairments on land affect the Company’s period- Gains or losses from early extinguishment of debt over-period performance Development pursuit costs (“
Slide 6: 2018 Guidance Roll Forward of Core FFO and Operating FFO
2018 Guidance Roll Forward of Core FFO and Operating FFO Reconciliation Low High Notes 2017 Core FFO Per Diluted Share $3.68 $3.70 2017 EQY Non-Ownership NOI, Net of Funding 0.04 0.04 2017 pre-merger EQY NOI net of funding (share issuance) Same Property NOI Growth 0.11 0.15 Guidance of 2.25%–3.25% I
Slide 7: Look Back Reconciliation of Stockholders to Operating FFO
Look Back Reconciliation of Net Income Attributable to Common Stockholders to Operating FFO Reconciliation of Net Income to Operating FFO 2015 2016 Full Year 2017 Full Year 2018 Net Income Attributable to Common Stockholders $ 1.36 $ 1.42 $ 1.00 $ 1.02 $ 1.47 $ 1.56 Adjustments to Reconcile Net Inco
Slide 8: Non-GAAP Disclosure
Non-GAAP Disclosure The Company uses certain non-GAAP performance measures, in addition to the required GAAP presentations, as it believes these measures improve the understanding of the Company’s operational results. Regency manages its entire real estate portfolio without regard to ownership struc