Slide 1: Regency Centers COVID-19 Business Update
Regency Centers COVID-19 Business Update August 3, 2020 Pinecrest Place | Miami, FL
Slide 2: 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
Slide 3: Regency's Unequaled Strategic Advantages
Regency’s Unequaled Strategic Advantages Development/Redevelopment Opportunities Pipeline of flexible developments and redevelopments n Positioned to create value over the long-term Local Market Teams 22 offices throughout the country working with tenants and vendors at 415 properties Unparalleled t
Slide 4: Leading Corporate Responsibility Practices
Leading Corporate Responsibility Practices In June, Regency issued our Annual Corporate Responsibility Report. The report illustrates our continued commitment to corporate responsibility and key environmental, social, and governance initiatives and achievements. Some of our key achievements for the
Slide 5: Portfolio Composition
Portfolio Composition(1) Pro-Rata Annual Base Rent (ABR) Exposure by Category Portfolio Composition (2) % of Pro-Rata ABR 38% Other - Retail & Services 19% Essential - Restaurants 43% Essential - Retail & Services Grocery/Drugstore 22% 12% 8% 7% 6% 5% 5% 4% 4% 4% 4% 3% 3% 3% 3% 2% 2% 2% 1% Home Fitn
Slide 6: Operational Update: Tenant Operating Status
Operational Update Tenant Operating Status as of July 31, 2020 Grocery/Drugstore Restaurant - Casual/Fine Dining Other Essential Retail Entertainment Home Improvement/Auto Other Medical Home Essential Medical Apparel Hobby/Sports Pet Business Services Restaurant - Fast Food/ Limited Service Personal
Slide 7: Operational Update: Q2 Base Rent Collections
Operational Update Q2 Base Rent Collections as of July 31, 2020 Q2 Base Rent Collections by Category % of Pro-Rata ABR Grocery/Drugstore Restaurant - Casual/Fine Dining Other Essential Retail Entertainment Home Improvement/Auto Other Medical Home Essential Medical Apparel Hobby/Sports Pet Business S
Slide 8: Operational Update: July Base Rent Collections
Operational Update July Base Rent Collections as of July 31, 2020 July Base Rent Collections by Category % of Pro-Rata ABR Grocery/Drugstore Restaurant - Casual/Fine Dining Other Essential Retail Entertainment Home Improvement/Auto Other Medical Home Essential Medical Apparel Hobby/Sports Pet Busine
Slide 9: Operational Update: Q2 & July Base Rent Collections
Operational Update Q2 & July Base Rent Collections as of July 31, 2020 Total Portfolio Composition % of Pro-Rata ABR Q2 and July Rent Collections % of Pro-Rata ABR National, Regional & Local Portfolio Composition(1) Anchor & Shop Portfolio Composition(2) 23% Local 77% National & Regional 56% Shop 44
Slide 10: Operational Update: Executed Deferral Agreements
Operational Update Executed Deferral Agreements as of July 31, 2020 Total Executed Deferral Agreements (through July 31, 2020) Lease Count 633 Average Deferral Term (in months) 2.9 Total Deferred Rent (in 000s) $16,435(1) National, Regional & Local Tenant Composition Executed Deferral Agreements 16%
Slide 11: 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: 3/31/2020 6/30/2020 Regency’s Estimated N
Slide 12: Investments Update: Project Status
Investments Update Project Status as of August 3, 2020(1) IN-PROCESS Carytown Exchange Phase I Ground up Development in Richmond anchored by Publix; construction will be phased as 2 projects; Phase I construction will include Publix & Shop Building The Village at Hunter's Lake Ground up development
Slide 13: 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, including issuing $600 million of 10-year 3.70% notes in May 2020. Total Pro-Ra
Slide 14: Balance Sheet Strength: A Well-Laddered Maturity Schedule
Balance Sheet Strength A Well-Laddered Maturity Schedule (Schedule below is pro forma for the noticed $300 million bond redemption) $40 $180 $376 $136 $373 $334 $320 $594 $337 $449 $672 $32 $425 $300 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2046 2047 2049‑ IN MILLIONS Wtd average
Slide 15: Ample Liquidity Available
Ample Liquidity Available Sources and Near-Term Commitments(1) $220M 2020 2021 Debt Maturities $380M 2022 Debt Maturities(1) $70M Dev/Redev Committed Capital Cash On Hand(1) $290M Undrawn Revolver $1.2B $830M Net Liquidity $1.5B Total Liquidity IN MILLIONS Sources Uses (1) As of August 3, 2020, net