Regency Centers CorporationNYSE
Tue, Nov. 15, 12:09 PM
- Gaining on five times or more their normal volume:
- Equity One (EQY +8.6%)
- Golar LNG (GLNG +8.1%)
- LG Display (LPL +1.9%)
- Mentor Graphics (MENT +1.2%)
- Zebra Technologies (ZBRA +12.8%)
Mon, Nov. 14, 7:19 PM
- Equity One (NYSE:EQY) +14.2% AH after Regency Centers (NYSE:REG) agrees to acquire the company in a deal valued at ~$5B, creating the largest shopping center REIT by market cap.
- Under the terms of the deal, each EQY share will be converted into 0.45 shares of newly issued REG shares; following the closing of the transaction, REG shareholders would own ~62% of the combined company's equity, and former EQY shareholders would own the rest.
- The merger will create a national portfolio of 429 properties encompassing more than 57M sq. ft.
Mon, Nov. 14, 8:48 AM
Tue, Nov. 1, 4:28 PM
Mon, Oct. 31, 5:35 PM
- ABCO, ACHC, AFG, AGII, AMSG, BFAM, BGFV, BIO, BLKB, BYD, CACC, CAI, CALD, CALX, CAVM, CERN, CHSP, CHUY, CIM, CNO, CSU, CUZ, CYH, DATA, DEI, DENN, DNB, DV, DVN, DXCM, EA, EIX, ELGX, ENLK, ENPH, ES, ESIO, ETSY, EXTR, FARO, FIVN, FLT, FRPT, FTAI, FTR, GHDX, GILD, HLF, HRZN, HURN, HWAY, HY, ICFI, ILMN, IPHI, JCOM, JIVE, KFRC, KS, LOCK, MOD, MTCH, MTDR, MTW, MXWL, MYGN, NBL, NFX, NVGS, NYMT, OCLR, OKE, OKS, OMED, OMI, PAYC, PBPB, PDM, PLT, PRMW, PRO, PRTA, PXD, QUAD, QUOT, REG, RGR, RIGL, RNR, RPAI, RPT, RSPP, SANM, SBAC, SHO, SM, SQ, TCO, TNAV, TNDM, TNET, TRMB, TRNC, TRUP, TSE, TSRA, TTOO, TXRH, ULTI, VECO, VIAV, VRSK, WBMD, WES, WGP, WING, WR, WSTC, WTR, WU, X, XCO, XXIA, Y, ZAGG, ZEN, ZG
Mon, Oct. 10, 3:38 PM
Tue, Aug. 2, 4:51 PM
Tue, Jul. 12, 9:15 AM
Mon, Jul. 11, 4:10 PM
- The company is selling 4.35M shares of common stock, with an underwriter greenshoe of 652.5K shares.
- Net proceeds are to be used to redeem outstanding $300M of 5.875% senior notes maturing in 11 months. Proceeds will also be used to settle full forward swaps which had originally been intended for new debt issuance next year. This will also cost the company $58M, or $0.58 per share of NAREIT FFO for Q3. Core FFO will be unaffected.
- REG -1.4% after hours
Thu, Jul. 7, 4:25 PM
- The amendment to Regency's (NYSE:REG) senior unsecured term loan facility boosts its size by $100M to $265M. It also extends the maturity date to Jan. 5, 2022 and lower the interest rate to Libor plus 0.95%.
- Alongside the closing, the company executed swaps which will fix the rate at 2% through maturity.
- $100M of the facility was used to pay down to zero the company line of credit, which had been drawn upon for the Market Common Clarendon acquisition.
Tue, Jul. 5, 1:10 PM
- "The mood among landlords was upbeat, as leasing trends have been strong for well-located stabilized assets as well as the REIT-sponsored redevelopment projects we saw," says Citi's Michael Bilerman after visiting with Equity One (NYSE:EQY), Federal Realty (NYSE:FRT), Kimco (NYSE:KIM), Macerich (NYSE:MAC), Regency Centers (NYSE:REG), and Taubman Centers (NYSE:TCO) over three days last week.
- High barriers to entry have resulted in low supply growth and continued densification of existing assets, he says.
- With competition for assets strong and cap rates low, the primary way for REITs to invest on the West Coast has been through redevelopment of existing assets. In general, he says, REITs have been able to achieve solid returns doing this.
Tue, May 17, 11:02 AM
- Following up on yesterday's story about the divergence between the stock prices of major retailers (down) and those of their landlords (up), Bloomberg's Rani Molla and Shelly Banjo break down the numbers further.
- They find those REITs with a large portion of portfolios concentrated in malls are down 10% Y/Y vs. all REITs, which are higher by 6%. Going further, they find those REITs with exposure to higher-end malls and outlet centers - Simon Property Group (NYSE:SPG) and Tanger Factory (NYSEMKT:SKY) come to mind – have been spared, while those owning older malls have taken the hit. CBL & Associates (NYSE:CBL) and WP Glimcher (NYSE:WPG) are down 40% and 30% this year, respectively.
- It's easy to pick on mall owners, but a broad slowdown at brick-and-mortar stores is ultimately a threat to all retail landlords, as traffic across all types of retail real estate in the U.S. and Canada has fallen as much as 18% Y/Y.
- On the good side is low supply as developers have stopped building, but even that's begun to run its course, they write.
- REITs of interest: O, NNN, GGP, KIM, WRI, MAC, TCO, PEI, SKT, TCO, ROIC, RPAI, IRC, FRT, DDR, WHLR, EQY, KRG, REG
Tue, May 17, 7:41 AM
- The two purchased Market Common Clarendon in Arlington, VA, a mixed-use development with 300 apartments, 300K square feet of retail space, and 100K square feet of additional space.
- AvalonBay (NYSE:AVB) is acquiring the residential component, and Regency Centers (NYSE:REG) the retail and remaining components. The purchase price was $406M, of which AVB contributed $120.3M.
Wed, May 4, 12:58 PM
- Regency Centers (NYSE:REG) declares $0.50/share quarterly dividend, in line with previous.
- Forward yield 2.6%
- Payable June 1; for shareholders of record May 18; ex-div May 16.
Tue, May 3, 4:24 PM
- Regency Centers (NYSE:REG): Q1 FFO of $0.80 beats by $0.01.
Mon, May 2, 5:35 PM
- AGU, AMED, AMSG, ARC, AVD, BFAM, BGFV, BKH, BPI, CAI, CALD, CALX, CAR, CBS, CERS, CHEF, CHUY, CRAY, CSU, DVN, ENLK, ENPH, EPIQ, ETSY, FANG, FARO, FMI, GLUU, GMED, GNMK, HCI, HI, HRZN, IAG, IL, ILMN, INN, JKHY, KAMN, KAR, KFRC, LCI, LYV, MAC, MDU, MTCH, MTDR, MXWL, MYGN, NDLS, NFX, NKTR, NTRI, NYMT, OCLR, OKE, OKS, OMI, PAYC, PBPB, PKD, PLT, PRMW, PRO, PZZA, QUAD, QUOT, REG, REGI, RIGL, RLOC, RPXC, RSYS, RTRX, RUBI, SM, SPA, STAG, SUPN, TAHO, TNAV, TXMD, USNA, VIAV, VNOM, VRSK, VVUS, WES, WGP, WR, WTR, WU, XCO, XPO, XXIA, ZEN