Regency Centers Corporation · NASDAQ:REG
Regency Centers — Debt Investor Presentation (August 2021)
7 slides from Regency Centers's debt investor presentation, Aug 6, 2021
Slide 1: Second Quarter 2021 Fixed Income Supplemental
SECOND QUARTER 2021 Fixed Income Supplemental The Field at Commonwealth Washington D.C. Brick Walk Bridgeport, CT Village Plaza Raleigh, NC Village at La Floresta Los Angeles, CA Mellody Farm Chicago, IL Brighten Park Atlanta, GA Grand Ridge Plaza Seattle, WA Regency Centers
Slide 2: Second Quarter 2021 Highlights
SecondQuarter 2021 Highlights Reported NareitFFO of $0.99 per diluted share for the second quarter Updated 2021 NareitFFO guidance to a range of $3.74 –$3.82 per diluted share Reported that Same Property Net Operating Income (“NOI”), excluding lease termination fees, increased 30.8% during the secon
Slide 3: Subsequent Highlights
Subsequent Highlights 3 On August 1, 2021, completed the acquisition of our partner’s 80% interest in the seven-property USAA Joint Venture (“USAA JV”) portfolio for $178 million, including the $84 million assumption of our partner’s share of mortgage debt outstanding On August 4, 2021, Regency’s Bo
Slide 4: Credit Ratings & Select Ratios
Credit Ratings &Select Ratios Unsecured Public Debt Covenants Required 6/30/21 3/31/21 12/31/20 9/30/20 Fair Market Value Calculation Method Covenants(i)(ii) Total Consolidated Debt to Total Consolidated Assets ≤65% 27% 28% 29% 30% Secured Consolidated Debt to Total Consolidated Assets ≤40% 3% 3% 3%
Slide 5: Capital Structure & Liquidity Profile
Capital Structure & Liquidity Profile Capital Structure (% of total capitalization) 72% 22% 3% 3% Equity Unsecured Debt - Bonds Unconsolidated Debt - Secured Consolidated Debt - Secured $15.1 Billion Total Capitalization Debt Composition Pro-Rata 21% 2% 77% Secured Fixed Rate Secured Variable Rate U
Slide 6: A Well-Laddered Maturity Schedule
A Well-Laddered Maturity Schedule Debt Maturity Profile as of June30, 2021 Regency aims to have < 15% of total debt maturing in any given year Wtd Avg Interest Rate:3.8% Wtd Avg Yrs to Maturity:9+ Years Total Pro Rata Debt:$4.2B 6 $37 2021 $105 2022 $138 2023 $369 2024 $331 2025 $329 2026 $593 2027
Slide 7: Follow us
Follow us SecondQuarter 2021 Earnings Conference Call Friday, August6th, 2021 Time: 11:00 AM ET Dial#: 877-407-0789 or 201689-8562 Webcast: investors.regencycenters.com Contact Information: Christy McElroy Senior Vice President, Capital Markets 904-598-7616 ChristyMcElroy@RegencyCenters.com Forward-
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