Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

Regency Centers (REG) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individual investors ...

JACKSONVILLE, Fla., Feb. 26, 2025 (GLOBE NEWSWIRE) -- Regency Centers Corporation ("Regency Centers", the "Company" or "Regency") announced today that S&P Global Ratings ("S&P") raised its credit ratings related to the Company to ‘A-' with a stable outlook. In its public announcement, S&P noted "Regency Centers has continued demonstrating solid operating performance and financial metric strength, with support from its high quality, grocery-anchored portfolio and healthy retail fundamentals." "We very much a ...

Group 1 - S&P Global Ratings raised Regency Centers Corporation's credit ratings to 'A-' with a stable outlook, reflecting the company's solid operating performance and financial strength [1] - The high quality, grocery-anchored portfolio and healthy retail fundamentals were highlighted as key factors supporting Regency's credit rating upgrade [1] - The CEO of Regency Centers expressed appreciation for the recognition of the company's commitment to operational excellence and financial discipline, emphasizing the long track record of cash flow growth and balance sheet strength [1] Group 2 - Regency Centers is a leading national owner, operator, and developer of shopping centers located in suburban trade areas with strong demographics [3] - The company's portfolio includes properties with productive grocers, restaurants, service providers, and top-tier retailers that engage with their communities [3] - As a fully integrated real estate company, Regency Centers operates as a self-administered and self-managed qualified real estate investment trust (REIT) and is a member of the S&P 500 Index [3]

Group 1 - Regency Centers Corporation will have its President and CEO, Lisa Palmer, present at the 2025 Citi Global Property CEO Conference on March 4, 2025, at 8:50 am ET [1][2] - The presentation will be available via a webcast, and a replay will be accessible for one year after the conference [2] - Regency Centers is a leading national owner, operator, and developer of shopping centers, focusing on suburban trade areas with strong demographics [4] Group 2 - The company's portfolio includes properties with productive grocers, restaurants, service providers, and top retailers that engage with their communities [4] - Regency Centers operates as a fully integrated real estate company and is a qualified real estate investment trust (REIT), self-administered, self-managed, and a member of the S&P 500 Index [4]

Property Ownership and Portfolio - As of December 31, 2024, Regency Centers Corporation had full or partial equity ownership interests in 482 properties, encompassing 57.3 million square feet of gross leasable area[32]. - The pro-rata share of gross leasable area is 48.8 million square feet, including properties owned through unconsolidated real estate partnerships[32]. - As of December 31, 2024, the total number of consolidated properties is 379, with a Gross Leasable Area (GLA) of 43,876 thousands square feet and an overall leased percentage of 96.2%[162]. - The total number of unconsolidated properties is 103, with a GLA of 13,439 thousands square feet and a leased percentage of 96.8% as of December 31, 2024[164]. - The company derives a significant portion of its annualized base rent (ABR) from properties concentrated in California (23.4%), Florida (20.5%), and New York-Newark-Jersey City (12.3%), making it vulnerable to economic conditions in these areas[84]. - Approximately 22% of the company's ABR comes from local tenants, who may be more susceptible to economic downturns and changing retail trends, increasing the risk of lease defaults[88]. - The company’s properties in Florida account for 24.2% of the total GLA, with a leased percentage of 96.5% as of December 31, 2024[162]. - The company’s properties in California represent 19.0% of the total GLA, maintaining a leased percentage of 96.0%[162]. - The company’s properties in Texas have a GLA of 3,518 thousands square feet, with a leased percentage of 96.9% as of December 31, 2024[162]. Financial Performance and Metrics - The company reported a year-over-year revenue growth of 12.2% for the last quarter, reaching $1.5 billion[173]. - The company reported a revenue increase of 7.8% year-over-year, reaching $788 million[1]. - The company reported a revenue increase of 8.7% year-over-year, reaching $1.2 billion in Q3 2023[1]. - The company reported a revenue increase of 16.5% year-over-year, reaching $2.26 billion[1]. - The company reported a revenue increase of 20% in Q4 2023 compared to the previous year, reaching $4.1 billion[1]. - The company reported a revenue increase of 14.8% year-over-year, reaching $2.65 billion[1]. - The company reported a revenue increase of 40% year-over-year, reaching $2.4 billion[1]. - The company reported a revenue increase of 19.8% year-over-year, reaching $1.91 billion[1]. - The company reported a revenue increase of 9.1% year-over-year, reaching $1.5 billion in Q3 2023[1]. - The company reported a revenue increase of 4.2% year-over-year, reaching $2.49 billion for the quarter[1]. - The company reported a year-over-year gross revenue increase of 39.6%[183]. - Total revenues for 2024 were $1.45 billion, compared to $1.32 billion in 2023, marking a significant increase[204][206]. Strategic Initiatives and Growth Plans - The company plans to invest $50 million in sustainability initiatives over the next two years[173]. - The company is expanding its market presence by entering three new states, aiming for a 10% market share in those regions[173]. - The company is expanding its market presence with plans to open 10 new locations in the next fiscal year[5]. - The company is expanding its market presence in the Southeast region, targeting a 15% market share by the end of the year[5]. - The company plans to open 50 new retail locations in key markets, aiming for a 20% increase in foot traffic[8]. - The company is exploring potential acquisitions to enhance its product offerings and market share[179]. - The company is actively pursuing partnerships with local businesses to enhance community engagement and drive foot traffic[183]. Environmental and Governance Commitments - Regency Centers aims to generate same property net operating income (NOI) growth that consistently ranks at or near the top of its shopping center peers[34]. - The company has set a target to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 28% by 2030, measured against a 2019 baseline[52]. - Regency Centers plans to achieve net-zero Scope 1 and 2 GHG emissions across all operations by 2050[52]. - The company is committed to best-in-class corporate governance, emphasizing integrity and transparency in its reporting practices[48]. - The company promotes philanthropic efforts and charitable giving, with significant contributions made by both the company and its employees to local non-profits[47]. Operational Challenges and Risks - Economic challenges such as inflation, labor shortages, and supply chain constraints are impacting tenants' ability to pay rent, which could lead to increased uncollectible lease income[74]. - The company reported that high interest rates may adversely impact borrowing costs, real estate valuations, and stock prices, potentially affecting future business plans and growth[70]. - The company anticipates that prolonged high interest rates could negatively affect the valuation of its real estate asset portfolio and stock price, impacting capital raising efforts[72]. - The company faces potential adverse impacts on business and liquidity due to unfavorable developments in the banking and financial services industry, which could impair access to capital and increase financing costs[76]. - The company may experience significant revenue reductions if a major tenant files for bankruptcy and rejects its leases, impacting cash flows and net income[90]. - The company is exposed to risks associated with mixed-use developments, which may present unique challenges and require different management expertise compared to retail-only projects[97]. - The company is exposed to risks related to climate change, which may increase operational costs and affect property values[107]. Corporate Structure and Governance - The company appointed new executive officers, including Alan T. Roth as East Region President & COO and Nicholas A. Wibbenmeyer as West Region President & CIO, both effective January 1, 2024[64]. - The company utilizes non-GAAP measures such as Nareit Funds from Operations (Nareit FFO) to provide insights into operational performance, excluding gains on sales and impairments of real estate[66]. - The company must distribute at least 90% of its REIT taxable income to qualify as a REIT, which may limit its ability to fund capital needs from operational income[118]. - The company is required to make annual distributions equal to at least 90% of its real estate investment trust taxable income to maintain its REIT status[190]. - The company has a stock repurchase program authorized for up to $250 million, which will expire on June 30, 2026, unless modified or terminated earlier[191]. Financial Health and Liquidity - The company maintains a conservative balance sheet to provide liquidity and financial flexibility, managing debt maturities to weather economic downturns[39]. - The company relies on external capital sources, which may not be available on favorable terms, impacting its ability to fund future capital needs[118]. - The company carries various types of insurance, but uninsured losses or losses exceeding coverage may materially impact financial results[110]. - The company reported a cumulative total shareholder return of 144.73% as of December 31, 2024, compared to the S&P 500's 197.02%[193]. - The company declared a common stock dividend of $0.705 per share, payable on April 2, 2025[227].

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Financial Data and Key Metrics Changes - The company reported strong same property NOI and earnings growth, reflecting robust tenant demand and value-driving opportunities [7][8] - Core operating earnings growth was just over 5% excluding prior year collections, with same property NOI growth of 3.6% for the year [26][29] - The company increased its dividend by 5% in the fourth quarter, indicating continued financial strength [8] Business Line Data and Key Metrics Changes - The company executed nearly 2,000 leases in 2024, covering over 9.4 million square feet, achieving record high leasing activity [12][13] - Same property leased rate ended the year at 96.7%, with shop occupancy lease rate at 94.1% [13] - Cash rent spreads finished the year at approximately 11% in Q4, with renewal rent spreads nearly at 9%, the highest in over fifteen years [14][15] Market Data and Key Metrics Changes - Tenant demand remained strong across all regions, particularly in groceries, restaurants, health and wellness, personal services, and off-price categories [12] - The company has close to $500 million in projects in process, with blended returns exceeding 9% [21][22] Company Strategy and Development Direction - The company aims to maintain a strong development platform, targeting $250 million or more in project starts for 2025 [9][19] - The focus remains on grocery-anchored developments, with a disciplined approach to capital allocation [67][108] - The company is actively pursuing acquisition opportunities while prioritizing development and redevelopment projects [65][68] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued strong momentum, supported by a sector-leading balance sheet and liquidity position [11][30] - The company anticipates same property NOI growth in the range of 3.2% to 4% for 2025, driven primarily by base rent growth [29] - Management noted that while tenant bankruptcies are a concern, the company's exposure to credit risk is manageable [17][30] Other Important Information - The company raised $100 million of equity in Q4, enhancing liquidity and balance sheet capacity [31] - The credit loss forecast for 2025 is in line with historical averages, reflecting a cautious but stable outlook [30][54] Q&A Session Summary Question: Development and Redevelopment Plans for 2025 - The company plans to find another $250 million in development or redevelopment opportunities in 2025, maintaining a steady pipeline [39] Question: Drivers of Earnings Guidance - Earnings guidance is primarily driven by same property NOI growth, with additional contributions from accretive capital allocation and share repurchases [44][45] Question: Credit Loss Reserve Explanation - The credit loss reserve of 75 to 100 basis points includes uncollectible lease income and potential lost base rent from bankruptcies, with a focus on manageable exposure [50][52] Question: Same Store NOI Range and Spread Drivers - The same store NOI range for the year is slightly better than expected, with move-outs and credit loss being significant factors [58][60] Question: Transaction Market and Cap Rates - The company is actively pursuing acquisition opportunities, with expectations of maintaining a spread of 150 basis points over acquisitions [69][70] Question: Operating Expenses Management - Operating expenses grew less than 1% year-over-year due to diligent management and contract negotiations [120][121] Question: Impact of Economic Policies - Management does not expect significant material impact from immigration policies or tariffs, citing the resilience of the consumer in their trade areas [126][128] Question: Stability of Development Yields - The company is focused on maintaining development yields above 7%, with careful underwriting to account for potential cost increases [135][138]

Core Viewpoint - Regency Centers Corporation (REG) reported strong fourth-quarter 2024 results, with NAREIT funds from operations (FFO) per share of $1.09, exceeding estimates and reflecting a 6.9% year-over-year increase [1][2][3] Financial Performance - Total revenues for Q4 2024 were $372.5 million, a 3.6% increase from the previous year, but slightly below the consensus estimate of $373.2 million [2] - For the full year 2024, NAREIT FFO per share was $4.30, up from $4.15 in the prior year, and total revenues reached $1.42 billion, marking a 9.9% increase [3] Leasing Activity - In Q4 2024, Regency executed approximately 2.3 million square feet of new and renewal leases with a blended cash rent spread of 10.8% [4] - The same property portfolio was 96.7% leased as of December 31, 2024, reflecting a 60 basis points increase sequentially and a 100 basis points increase year-over-year [4] - The same property net operating income (NOI) increased 4.0% year-over-year to $235.3 million, with base rents contributing 3.3% to this growth [5] Development Projects - As of December 31, 2024, Regency's in-process development and redevelopment projects had estimated net project costs of approximately $497 million, with 39% of the costs incurred to date [6] Acquisitions - In October 2024, Regency, in partnership with an institutional joint venture, acquired University Commons - Austin in Round Rock, TX, for around $14 million at the company's share [7] Balance Sheet - As of December 31, 2024, Regency had nearly $1.4 billion of capacity under its revolving credit facility, with a pro-rata net debt and preferred stock to operating EBITDAre ratio of 5.2X [8] 2025 Outlook - The company provided initial guidance for 2025, expecting NAREIT FFO per share in the range of $4.52-$4.58, above the current consensus estimate of $4.49 [10] - Same property NOI growth (excluding termination fees) is anticipated to be between 3.2% and 4.0% [10]

4Q24 Earnings Presentation February 2025 Midtown East | Raleigh, NC 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 financial or operational performance or results such as our 2025 Guidance, are "forward-looking statements" made pursuant to the safe harbor pro ...