Regency Centers(US:REG)2020-11-19 16:46Portfolio & Operations - Regency's portfolio is 80% grocery-anchored, with grocer sales averaging over $650 per square foot[6, 43] - As of October 31, 2020, 98% of tenants were operating[144] - Regency has 400+ properties located across the country[6] - Regency's shopping center portfolio is >93% leased[6] Financial Strength & Liquidity - Regency has ~$1.5 billion of immediate liquidity, including $280 million of cash and $1.2 billion of revolver availability[8] - Regency's total capitalization is $11.3 billion[88] - Regency's net debt-to-Operating EBITDAre is 5.9x[8] Development & Redevelopment - Regency has completed $1.5 billion in development and redevelopment projects, with an estimated value creation of $800 million[68] - Regency's estimated net project costs for in-process developments & redevelopments is ~$238 million, with ~$102 million remaining[74] COVID-19 Impact & Rent Collections - Q3 Base Rent Collections were 86% collected, 3% deferred, and 11% uncollected[153] - October Base Rent Collections were 87% collected, 1% deferred, and 12% uncollected[158] - Total Deferred Base Rent is $30.6 million[168]