Slide 1: Regency Centers COVID-19 Business Update
Regency Centers COVID-19 Business Update June 1, 2020 Mellody Farm
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: Welcoming Back Our Tenants & Communities
Welcoming Back Our Tenants & Communities As states have begun lifting restrictions on retail businesses over the last month, Regency has been preparing our centers and working with our tenants to ensure they are able to reopen as safely and successfully as possible. We will continue to make the nece
Slide 4: Regency's Unequaled Strategic Advantages
Regency’s Unequaled Strategic Advantages Development/Redevelopment Opportunities Pipeline of flexible developments and redevelopments Positioned to create value over the long-term Local Market Teams 22 offices throughout the country working with tenants and vendors at all 416 properties Unparalleled
Slide 5: 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 6: 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 7: Operational Update: Tenant Operating Status
Operational Update Tenant Operating Status as of May 31, 2020 Status of Tenant Operations % of Pro-Rata ABR Grocery/Drugstore 32% 26% 26% Restaurant - Casual/Fine Dining Other Essential Retail Entertainment Home Improvement/Auto Other Medical Essential Medical Soft Goods Pet Business Services Restau
Slide 8: Operational Update: April Rent Collections
Operational Update April Rent Collections as of May 31, 2020 April Base Rent Collected % of Pro-Rata ABR Grocery/Drugstore Other Essential Retail Entertainment Home Improvement/Auto Other Medical Essential Medical Soft Goods Pet Business Services Restaurant - Casual/Fine Dining Personal Services Res
Slide 9: Operational Update: May Rent Collections
Operational Update May Rent Collections as of May 31, 2020 May Base Rent Collected % of Pro-Rata ABR 42% Outstanding 58% Collected Grocery/Drugstore Other Essential Retail Entertainment Home Improvement/Auto Other Medical Essential Medical Soft Goods Pet Business Services Restaurant - Casual/Fine Di
Slide 10: Operational Update: April & May Base Rent Collections
Operational Update April & May Base Rent Collections as of May 31, 2020 Total Portfolio Composition % of Pro-Rata ABR April and May Base Rent Collections % of Pro-Rata ABR National, Regional, & Local Portfolio Composition(i) Anchor & Shop Portfolio Composition(ii) 23% Local Tenants 77% National & Re
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: 12/31/2019 3/31/2020 Regency’s Estimated
Slide 12: Investments Update: Project Status
Investments Update Project Status 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 phased as 2 projects; P
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. Regency settled its forward equity sales under its ATM program of approximately
Slide 14: Balance Sheet Strength: A Well-Laddered Maturity Schedule
Balance Sheet Strength A Well-Laddered Maturity Schedule $50 2020 $174 2021 $674 2022 $137 2023 $374 2024 $334 2025 $320 2026 $573 2027 $337 2028 $449 2029 $676 2030 $32 2031 - 2046 $425 2047 $300 2049 IN MILLIONS Wtd average years to maturity: 9+ years Wtd average interest rate: 3.7% UNCONSOLIDATED
Slide 15: Ample Liquidity Available
Ample Liquidity Available Sources and Near-Term Commitments (i) Net Liquidity Through 2021 $1.5B $1.8B Total Liquidity $525M Cash On Hand $1.25B Undrawn Revolver 2020/2021 Secured Maturities Dev Redev Commitments IN MILLIONS $50M $175M $80M Sources Uses (i) As of May 31, 2020 15
Slide 16: 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