Slide 1: Regency Centers COVID-19 Business Update May 2020
Regency Centers COVID-19 Business Update May 2020 Woodway Collection | Houston, TX
Slide 2: Commitment To Our Stakeholders
Commitment To Our Stakeholders Throughout the COVID-19 pandemic, Regency’s first priority has continued to be the safety and well-being of all of our stakeholders. We remain dedicated to providing them with the necessary resources and support needed during this time. 450+ TEAM MEMBERS 8,000+ TENANTS
Slide 3: Regency's Unequaled Strategic Advantages
Regency’s Unequaled Strategic Advantages Development/Redevelopment Opportunities n Pipeline of flexible developments and redevelopments n Positioned to create value over the long-term Local Market Teams n 22 offices throughout the country working with tenants and vendors at all 416 properties n Unpa
Slide 4: Portfolio Composition
Portfolio Composition Pro-Rata Annual Base Rent (ABR) Exposure by Category Portfolio Composition (i) % of Pro-Rata ABR 38% Other - Retail & Services 19% Essential - Restaurants 43% Essential - Retail & Services Grocery/Drugstore 22% 14% 12% 8% 7% 5% 5% 4% 4% 3% 3% 3% 3% 2% 2% 2% 1% Fitness Restauran
Slide 5: Operational Update: Tenant Operating Status
Operational Update Tenant Operating Status as of April 30, 2020 Status of Tenant Operations % of Pro-Rata ABR Closed 41% Open 59% Grocery/Drugstore 11% 2% 1% Restaurant - Casual/Fine Dining Other Essential Retail Entertainment Home Improvement/Auto Other Medical Essential Medical Soft Goods Pet Busi
Slide 6: Operational Update: April Rent Collections
Operational Update April Rent Collections as of May 5, 2020 April Base Rent Collected % of Pro-Rata ABR 38% Outstanding 62% Collected Grocery/Drugstore Other Essential Retail Entertainment Home Improvement/Auto Other Medical Essential Medical Soft Goods Pet Business Services Restaurant - Casual/Fine
Slide 7: Operational Update: April Base Rent Collections
Operational Update April Base Rent Collections as of May 5, 2020 Total Portfolio Composition % of Pro-Rata ABR April Base Rent Collections % of Pro-Rata ABR National, Regional, & Local Portfolio Composition(i) Anchor & Shop Portfolio Composition(ii) 23% Local Tenants 77% National & Regional Tenants
Slide 8: Investments Update: Managed Commitments
Investments Update Managed Commitments Regency continues to evaluate the impacts to project scope, investment, tenancy, timing, and return on investment on all in process and pipeline projects to determine the most appropriate future direction. Status as of: 12/31/2019 3/31/2020 Regency’s Estimated
Slide 9: Investments Update: Project Status
Investments Update Project Status as of May 5, 2020 (i) IN CONSTRUCTION The Village at Hunters Lake Ground up development in Tampa anchored by Sprouts; construction proceeding as planned and nearly complete Carytown Phase I Ground up Development in Richmond anchored by Publix; construction will be p
Slide 10: Balance Sheet Strength: Low Leverage Provides Flexibility
Balance Sheet Strength Low Leverage Provides Flexibility Regency has taken additional steps to further strengthen its balance sheet and to provide financial flexibility amid the evolving effects of the COVID-19 pandemic. Regency settled its forward equity sales under its ATM program of approximately
Slide 11: Balance Sheet Strength: A Well-Laddered Maturity Schedule
Balance Sheet Strength A Well-Laddered Maturity Schedule IN MILLIONS Wtd average years to maturity: 8+ years Wtd average interest rate: 3.1% (i) Revolver balance of $705m is net of the $737m of cash on hand. Unsecured revolving credit facility maturity date of March 2022. The Company has two 6 month
Slide 12: Ample Liquidity Available
Ample Liquidity Available Sources and Near-Term Commitments (i) M Secured Maturities Dev Redev Commitments M Total Liquidity IN MILLIONS Cash On Hand M Net Liquidity Through ‑M Undrawn Revolver M B Sources Uses (i) As of May 5, 2020 12 REGENCY CENTERS COVID-19 BUSINESS UPDATE
Slide 13: Safe Harbor and Non-GAAP Disclosures
Safe Harbor and Non-GAAP Disclosures Forward-Looking Statements Certain statements in this document regarding anticipated financial, business, legal or other outcomes including business and market conditions, outlook and other similar statements relating to Regency’s future events, developments, or