JACKSONVILLE, Fla., Feb. 24, 2026 (GLOBE NEWSWIRE) -- Regency Centers Corporation (“Regency” or the “Company”) (Nasdaq: REG) today announced that the Company’s management team is scheduled to present at the 2026 Citi Global Property CEO Conference (the “Conference”) on Monday, March 2, 2026, at 8:50 am ET. To access the Company’s live presentation, use the webcast registration link below. Regency Centers PresentationDate:Monday, March 2, 2026Time:8:50 a.m. – 9:25 a.m. ETWebcast Link:Citi's 2026 Global Prope ...

JACKSONVILLE, Fla., Feb. 24, 2026 (GLOBE NEWSWIRE) -- Regency Centers Corporation (“Regency” or the “Company”) (Nasdaq: REG) today announced that the Company’s management team is scheduled to present at the 2026 Citi Global Property CEO Conference (the “Conference”) on Monday, March 2, 2026, at 8:50 am ET. To access the Company’s live presentation, use the webcast registration link below. Regency Centers PresentationDate:Monday, March 2, 2026Time:8:50 a.m. – 9:25 a.m. ETWebcast Link:Citi's 2026 Global Prope ...

Group 1 - Regency Centers Corporation announced a $450 million public offering of senior unsecured notes due 2033 with a coupon of 4.50% [1] - The notes will mature on March 15, 2033, and were issued at 99.376% of par value, with interest payable semiannually starting September 15, 2026 [1][2] - The net proceeds will be used to reduce the outstanding balance on its line of credit, repay $100 million of 3.81% notes due May 11, 2026, and for general corporate purposes [2] Group 2 - The offering is managed by BofA Securities, J.P. Morgan, and several other financial institutions acting as joint book-running managers [3] - Regency Centers is a qualified real estate investment trust (REIT) that operates as a fully integrated real estate company, focusing on shopping centers in suburban areas [7]

Core Insights - Unibail-Rodamco-Westfield (URW) reported strong retail performance in FY-2025, driven by increased footfall, tenant sales, and dynamic leasing activity, resulting in record low vacancy rates [1][4] - The company achieved a significant improvement in its loan-to-value (LTV) ratio, aided by €2.2 billion in completed or secured disposals and a portfolio revaluation increase of +1.7% [1][6] - URW launched capital-light growth initiatives, including a franchising contract in Saudi Arabia and a 25% stake acquisition in St James Quarter, Edinburgh [1][5] Financial Performance - The 2025 Adjusted Recurring Earnings Per Share (AREPS) was reported at €9.58, with a proposed distribution of €4.50 per share, reflecting a +30% increase compared to FY-2024 [2][7] - Forecasts for 2026 AREPS are projected to be between €9.15 and €9.30, with a targeted distribution of €5.50 per share [2] - EBITDA for 2025 reached €2,284 million, marking a +3.6% increase on a like-for-like basis, while Shopping Centres Net Rental Income (NRI) was €2,081 million, up +3.8% [6] Operational Highlights - Tenant sales increased by +3.9%, supported by a +1.9% rise in footfall compared to 2024, with shopping centre vacancy reduced to 4.6%, down -20 basis points [6] - Minimum Guaranteed Rent (MGR) signed amounted to €423 million, with a +6.7% uplift on indexed passing rents, including +11.3% on long-term deals [6] - The company’s balance sheet was strengthened, with IFRS Net Debt reduced from €21.9 billion to €20.3 billion, and LTV improved to 42.8%, a -270 basis point change from FY-2024 [6] Strategic Initiatives - URW's 'A Platform for Growth' business plan aims to generate organic growth and leverage the Westfield brand while unlocking capital-light growth opportunities [12] - The company is committed to sustainability through its 'Better Places' roadmap, which has positioned URW as one of the top 100 sustainable companies globally [8][12] - Future priorities include enhancing leasing activities, simplifying operations, and utilizing proprietary data and AI capabilities to drive growth and innovation [9]

Financial Data and Key Metrics Changes - The company generated FFO as adjusted of $1.43 per share for 2025, representing a 6% growth compared to 2024, driven by a 5% same-property NOI growth [4][17] - Same-property NOI, including redevelopment, increased by 2.9% for Q4 and 5% for the full year [17] - The balance sheet remains strong with total liquidity of $849 million and no amounts drawn on the line of credit [17][18] Business Line Data and Key Metrics Changes - The company executed 58 new leases at a record same-space cash rent spread of 32% and achieved record shop occupancy of 92.6% [4][9] - In 2025, the company commenced over $16 million of new annualized gross rent from openings of various retailers, with an additional $22 million expected from the remaining signed but not open pipeline [5][6] Market Data and Key Metrics Changes - Nationally, shopping center vacancy remains near historic lows, with supply constraints particularly pronounced in the Northeast, where new construction represents only 0.2% of total supply [10][11] - The company expects new lease spreads to remain above 20% in 2026 due to strong demand and limited availability of high-quality retail spaces [4][5] Company Strategy and Development Direction - The company aims for FFO as adjusted growth of at least 4.5% and same-property NOI growth above 3% in 2026, with a focus on redevelopment and anchor repositioning projects [7][19] - The growth outlook is supported by six anchor repositioning projects expected to contribute significantly to same-property NOI growth through 2027 [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to negotiate better lease terms due to supply constraints and strong tenant demand [11] - The company anticipates that over 80% of same-property NOI growth through 2027 will come from executed leases and contractual rent increases [8] Other Important Information - The company completed 14 projects totaling $55 million in 2025, generating unlevered yields of 19% [6] - The board approved an 11% increase in the annualized dividend to $0.84 per share, reflecting a payout ratio of about 56% [21] Q&A Session Summary Question: Expectations for shop occupancy growth - Management expects shop occupancy to stabilize around 94%-96%, with opportunities to improve leasing on occupied spaces [24][26] Question: Insights on capital recycling and acquisition pipeline - The acquisition market is competitive, with cap rates continuing to decrease, but the company remains optimistic about capital recycling opportunities [27][28] Question: Same-property NOI growth path over the next couple of years - The deceleration in 2026 is attributed to tenant fallout and one-time benefits in 2025, while growth is expected to pick up in 2027 due to visibility from the signed but not open pipeline [33][35] Question: Impact of snow removal costs on guidance - Guidance for 2026 accounts for snow removal costs incurred in January, with appropriate provisions made [43][45] Question: Opportunities for accelerating redevelopment projects - The company is focused on both small-scale and larger redevelopment projects, with a strong emphasis on enhancing existing properties [46][48] Question: Strategies for optimizing rents at specific assets - Management highlighted the challenges at Gateway due to long-term leases but expressed optimism for future retenanting opportunities [64][66]

Core Insights - Regency Centers Corporation reported strong financial performance for the fourth quarter and full year 2025, with significant increases in net income and funds from operations [1][3][5] Financial Results - For Q4 2025, net income attributable to common shareholders was $199.1 million, or $1.09 per diluted share, compared to $83.1 million, or $0.46 per diluted share in Q4 2024 [6] - For the full year 2025, net income attributable to common shareholders was $513.8 million, or $2.82 per diluted share, compared to $386.7 million, or $2.11 per diluted share in 2024 [6] - Nareit FFO for Q4 2025 was $219.3 million, or $1.17 per diluted share, up from $199.5 million, or $1.09 per diluted share in Q4 2024 [11] - Full year Nareit FFO was $855.7 million, or $4.64 per diluted share, compared to $790.9 million, or $4.30 per diluted share in 2024 [11] Same Property Performance - Same Property NOI increased by 4.7% year-over-year for Q4 2025 and by 5.3% for the full year, excluding termination fees [5][11] - Same Property percent leased increased by 10 basis points sequentially to 96.5% as of December 31, 2025 [5][11] Leasing Activity - Regency executed 6.8 million square feet of comparable new and renewal leases during 2025, achieving blended rent spreads of 10.8% on a cash basis and 21.4% on a straight-lined basis [5][11] - In Q4 2025, approximately 1.7 million square feet of comparable new and renewal leases were executed at a blended cash rent spread of +12.0% [11] Development and Redevelopment - The company started $97 million of new development and redevelopment projects in Q4 2025, bringing the total for the year to approximately $318 million [5][11] - Completed development and redevelopment projects in Q4 2025 totaled $164 million, with a full year total of approximately $212 million [5][11] Capital Allocation and Balance Sheet - As of December 31, 2025, Regency's in-process development and redevelopment projects had estimated net project costs of $597 million at a blended estimated yield of 9% [5][11] - The pro-rata net debt and preferred stock to TTM operating EBITDAre was 5.1x as of December 31, 2025 [5][11] 2026 Guidance - The company provided initial 2026 guidance, projecting net income attributable to common shareholders per diluted share between $2.35 and $2.39, and Nareit FFO per diluted share between $4.83 and $4.87 [17]

Core Viewpoint - CTO Realty Growth, Inc. is actively expanding its portfolio with high-yield shopping center acquisitions and leasing activities, positioning itself favorably in income-producing assets within growing markets [2][3][4]. Group 1: Portfolio Expansion - The company acquired two shopping centers in Atlanta and South Florida for a total of $144.9 million, achieving a weighted average initial cash yield of 8.7% [3]. - Additionally, CTO made $21.0 million in structured investments, which included $5.0 million in seller financing, resulting in a weighted average initial cash yield of 10.7% [3]. Group 2: Leasing Activity - At The Collection at Forsyth, CTO signed three new leases with national retailers, covering approximately 12,000 square feet, which increased the leased occupancy to 93% [4]. - The initial lease terms for these new agreements range from five to 15 years [4]. Group 3: Property Details - The Collection at Forsyth is a 561,000-square-foot outdoor lifestyle center located at a prime intersection in Atlanta, featuring a mix of national brands, local shops, restaurants, fitness options, and entertainment [5]. - This property serves one of the most affluent and rapidly growing counties in the Atlanta area [5]. Group 4: Company Overview - CTO Realty Growth, Inc. operates open-air shopping centers in high-growth markets across the Southeast and Southwest [6]. - The company also manages Alpine Income Property Trust and holds a significant ownership stake in the REIT [6].

Core Viewpoint - Phillips Edison & Company, Inc. (PECO) is set to announce its Fourth Quarter 2025 earnings results on February 5, 2026, after market close, with a conference call scheduled for February 6, 2026, at 12:00 p.m. ET [1][2][6] Company Overview - PECO is one of the largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers in the United States, founded in 1991 [4] - The company has a vertically-integrated operating platform and a national footprint, managing 328 shopping centers, including 303 wholly-owned centers totaling 34.0 million square feet across 31 states [4] - PECO's grocery anchors include major retailers such as Kroger, Publix, Albertsons, and Ahold Delhaize [4] Earnings Conference Call Details - The earnings conference call will be hosted by Chairman and CEO Jeff Edison, President Bob Myers, and CFO John Caulfield, and will be webcasted [1][2] - A replay of the webcast will be available approximately one hour after the presentation [3] Investor Relations - PECO utilizes its Investor Relations website for disclosing material nonpublic information and complying with Regulation FD [5] - For inquiries, Kimberly Green is the Head of Investor Relations, reachable at (513) 692-3399 or via email [6]

Summary of Phillips Edison & Company (PECO) Update - December 17, 2025 Company Overview - **Company**: Phillips Edison & Company (NasdaqGS: PECO) - **Industry**: Grocery-anchored neighborhood shopping centers Key Points and Arguments 1. **Growth Strategy**: PECO is positioned as a growth company, targeting 3-4% same-center NOI growth and mid- to high single-digit core FFO per share growth annually, emphasizing long-term value creation and cash flow stability [2][4][5] 2. **Market Position**: PECO is one of the largest owners and operators of grocery-anchored shopping centers, with a goal to increase enterprise value to over $10 billion [3] 3. **Financial Performance**: The company has increased its 2025 earnings guidance, projecting a 7% growth in NAREIT and 6.8% growth in core FFO per share [4] 4. **Competitive Advantages**: PECO's expertise in necessity-based retail provides stability and quality cash flows, with a high retention rate of 93% for tenants [3][8] 5. **Incremental Growth Initiatives**: PECO plans to expand its portfolio with everyday retail centers, targeting $700 million to $1 billion in this segment over the next five years, which could represent 7%-10% of its total portfolio [9][10] 6. **Investment in Development**: The company is investing approximately $50 million annually in ground-up development projects, with an increase to about $70 million in 2025 and 2026 due to specific projects [11][25] 7. **Acquisition Strategy**: PECO aims to acquire $400-$500 million in assets in 2026, focusing on grocery-anchored centers and leveraging its strong market position [12][51] 8. **Financial Health**: PECO maintains a strong liquidity position and investment-grade ratings, with a long-term leverage target of low to mid-5 times net debt to adjusted EBITDA [17][18] 9. **Macroeconomic Outlook**: The company does not anticipate a recession in 2026, citing resilient consumer behavior and strong demand for necessity-based retail [19][20] 10. **Interest Rate Impact**: PECO expects some headwinds from interest rates but believes recent declines will positively affect real estate values [21] Additional Important Insights 1. **Rent Growth**: PECO has significant pricing power, with new and renewal leases showing rent spreads of 2%-3% and strong demand from retailers [7][40] 2. **Portfolio Quality**: The company emphasizes maintaining a high-quality portfolio through strategic asset recycling, selling lower-performing assets to fund acquisitions with higher returns [16] 3. **Long-term Guidance**: PECO projects same-center NOI growth of 3%-4% annually, driven by rent growth and occupancy levels, without needing additional occupancy increases [24][28] 4. **Everyday Retail Expansion**: The everyday retail segment is seen as a natural extension of PECO's core business, with high-quality demographics and strong initial returns [46][47] 5. **Market Dynamics**: The company is adapting to market conditions, including potential impacts from tariffs, but remains optimistic about its necessity-based retail focus [49][50] This summary encapsulates the key points from the PECO update, highlighting the company's growth strategies, financial performance, and market outlook.

Core Insights - Wereldhave N.V. has agreed to acquire the Ville2 shopping center in Charleroi, Belgium, for €120 million, with a net initial yield of 8.0%, as part of its LifeCentral strategy growth phase [1][5] - The acquisition is expected to positively impact Wereldhave's direct result per share (DRPS) by approximately €0.05, or nearly 3%, starting in 2026 [2] - The transaction will also reduce the net loan-to-value (LTV) ratio by approximately 110 basis points compared to September 30, 2025 [2] Acquisition Details - The Ville2 shopping center has a gross leasable area of approximately 27,100 m² and currently has an 8.5% vacancy rate, with significant potential for transformation into a Full Service Center [3][6] - The center attracts around 4 million visitors annually and ranks third in footfall density among Belgian shopping centers, with several retail categories generating sales above €5,000 per m² [3][6] - Key tenants include C&A, Fnac, H&M, New Yorker, ONLY, Rituals, and Sports Direct, with most tenants performing above the average of Wereldhave Belgium's current portfolio [3][6] Strategic Importance - The acquisition aligns with Wereldhave's disciplined acquisition approach and is expected to deliver immediate earnings accretion [5] - The company aims to enhance the asset's performance and long-term success through its experienced local team [5] - The transaction is part of a broader strategy that includes the disposal of other properties, such as De Roselaar and the anticipated disposal of Sterrenburg, to strengthen the balance sheet [2]