Sector: Real Estate|Industry: REIT - Retail|Market Cap: $13.21B|Employees: 497
Regency Centers Corporation is a fully integrated real estate company and self-administered REIT that focuses on acquiring, developing, owning, and operating retail real estate, primarily in suburban trade areas with strong demographics. The company generates revenue by leasing space to necessity, service, convenience, and value-based retailers, and is a preeminent national owner, operator, and developer of neighborhood and community shopping centers.
Regency Centers Corporation is a fully integrated real estate company and self-administered and self-managed real estate investment trust. The company acquires, develops, owns, and operates income-producing retail real estate, primarily located in suburban trade areas with compelling demographics within the United States. Regency generates revenues by leasing space to necessity, service, convenience, and value-based retailers serving the essential needs of communities. The company is an S&P 500 Index member. Regency's mission is to create thriving environments for retailers and service providers to connect with surrounding neighborhoods and communities. Their vision is to elevate quality of life as an integral thread in the fabric of communities. The company's portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect with their neighborhoods, communities, and customers.
The executive officers are appointed by the Board of Directors and each of the executive officers has been employed by the company for more than five years. Martin E. Stein, Jr. was appointed Executive Chairman of the Board of Directors effective January 1, 2020. Lisa Palmer was named Chief Executive Officer effective January 1, 2020. Michael J. Mas assumed the responsibilities of Executive Vice President, Chief Financial Officer effective August 2019. Alan T. Roth was named East Region President & Chief Operating Officer, effective January 1, 2024. Nicholas A. Wibbenmeyer was named West Region President & Chief Investment Officer, effective January 1, 2024.
Regency Centers acquires, develops, owns, and operates income-producing retail real estate. The company's main product categories or service lines are:
The company's flagship offerings include neighborhood and community shopping centers anchored primarily by market leading grocers.
The company operates as one business segment: retail real estate. The company's operations are primarily focused on the acquisition, development, ownership, and management of retail properties. The company does not provide a revenue breakdown by segments.
Regency Centers' current strategic priorities include owning and managing a portfolio of high-quality neighborhood and community shopping centers, creating shareholder value by increasing earnings and dividends per share, maintaining an industry leading development and redevelopment platform, supporting business activities with a conservative capital structure, implementing leading environmental, social, and governance practices, and engaging and retaining an exceptional and diverse team. Key strategies to achieve these goals include generating same property NOI growth, reinvesting free cash flow and portfolio enhancement disposition proceeds into high-quality developments, maintaining a conservative balance sheet, pursuing best-in-class ESG programs and practices, and attracting, retaining, and engaging an exceptional and diverse team. The company is focused on long-term value creation, maintaining its brand and reputation, and maintaining its culture.
Regency Centers operates in the real estate industry, specifically focusing on retail properties. The company is among the largest owners of shopping centers in the USA based on revenues, number of properties, GLA, and market capitalization. The company faces competition from numerous companies and individuals engaged in the same line of business, including grocery store chains that own shopping centers and also anchor some of the company's shopping centers. The company also faces competition from alternative shopping and delivery methods. Regency believes its competitive advantages are driven by the market areas in which it operates, the quality of its shopping centers, the compelling demographics surrounding its shopping centers, its relationships with tenants, its experienced leadership team, and its ability to successfully develop, redevelop, and acquire shopping centers.
(Generated from latest 10-K filing)