Regency said net income attributable to common shareholders for the 9 months ended September 30, 2024 was $303.7 million, compared with $273.1 million a year earlier. The company said Pro-rata same property NOI, excluding termination fees, rose 2.9% from a year earlier.

1. 01

   Regency said net income attributable to common shareholders for the 9 months ended September 30, 2024 was $303.7 million, compared with $273.1 million a year earlier. The company said Pro-rata same property NOI, excluding termination fees, rose 2.9% from a year earlier.

2. 02

   The company said it executed 1,503 new and renewal leases totaling 6.3 million Pro-rata SF in the 9 months, with rent spreads of 9.0%. Total portfolio leased rate as of September 30, 2024 was 95.6%.

3. 03

   Regency said it priced a public offering of senior unsecured notes of $400 million due 2034 with a 5.25% coupon on January 2024, and $325 million due 2035 with a 5.10% coupon on August. It also said $1.46 billion was available on the Line as of September 30.

4. 04

   Regency said net cash provided by operating activities was $598.8 million in the 9 months, compared with $547.7 million a year earlier. It also said it repurchased 3,306,709 shares for $200.0 million under its share repurchase program.

Key figures

Quarter ended September 30, 2024

Revenue

$360M

Net income

$101M

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.