Regency Centers announces S&P Global Ratings raised its credit rating to 'A-' with a stable outlook, highlighting strong performance.
Quiver AI Summary
Regency Centers Corporation announced that S&P Global Ratings has upgraded its credit ratings to ‘A-’ with a stable outlook, highlighting the company's strong operating performance and financial metrics, supported by its high-quality, grocery-anchored portfolio. CEO Lisa Palmer expressed appreciation for this recognition, emphasizing Regency's commitment to operational excellence and financial discipline as key factors in driving cash flow growth and maintaining a robust balance sheet. Regency Centers is a leading national owner and operator of shopping centers and is a member of the S&P 500 Index.
Potential Positives
- S&P Global Ratings raised Regency Centers' credit rating to 'A-' with a stable outlook, signaling strong financial health.
- The upgrade reflects solid operating performance and financial metric strength, supported by a high-quality, grocery-anchored portfolio.
- This recognition underscores Regency Centers' commitment to operational excellence and financial discipline, enhancing stakeholder value.
- Being a member of the S&P 500 Index further solidifies Regency Centers' reputation and market position in the real estate investment sector.
Potential Negatives
- None
FAQ
What credit rating did Regency Centers receive from S&P Global Ratings?
S&P Global Ratings raised Regency Centers' credit rating to 'A-' with a stable outlook.
What factors contributed to Regency Centers’ improved credit rating?
The credit rating improvement was due to solid operating performance, financial metric strength, and a high-quality grocery-anchored portfolio.
Who is the CEO of Regency Centers?
Lisa Palmer is the President and Chief Executive Officer of Regency Centers.
What type of properties does Regency Centers focus on?
Regency Centers specializes in shopping centers located in suburban areas, primarily grocery-anchored and including restaurants and service providers.
Is Regency Centers a publicly traded company?
Yes, Regency Centers is a publicly traded company and is listed on the Nasdaq under the ticker symbol REG.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$REG Insider Trading Activity
$REG insiders have traded $REG stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $REG stock by insiders over the last 6 months:
- LISA PALMER (President and CEO) sold 25,000 shares for an estimated $1,831,575
- MARTIN E JR STEIN (Executive Chairman) sold 25,000 shares for an estimated $1,807,999
- MICHAEL J MAS (EVP and CFO) sold 20,000 shares for an estimated $1,472,000
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$REG Hedge Fund Activity
We have seen 241 institutional investors add shares of $REG stock to their portfolio, and 254 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- INVESCO LTD. added 2,944,854 shares (+121.2%) to their portfolio in Q4 2024, for an estimated $217,713,056
- NORTHERN TRUST CORP added 1,086,797 shares (+64.1%) to their portfolio in Q4 2024, for an estimated $80,346,902
- APG ASSET MANAGEMENT US INC. removed 1,040,615 shares (-34.0%) from their portfolio in Q4 2024, for an estimated $76,932,666
- PRUDENTIAL FINANCIAL INC added 734,210 shares (+51.7%) to their portfolio in Q4 2024, for an estimated $54,280,145
- HEITMAN REAL ESTATE SECURITIES LLC added 705,150 shares (+inf%) to their portfolio in Q4 2024, for an estimated $52,131,739
- AEW CAPITAL MANAGEMENT L P removed 632,522 shares (-99.7%) from their portfolio in Q4 2024, for an estimated $46,762,351
- DUFF & PHELPS INVESTMENT MANAGEMENT CO removed 564,861 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $40,799,910
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
JACKSONVILLE, Fla., Feb. 26, 2025 (GLOBE NEWSWIRE) -- Regency Centers Corporation (“Regency Centers”, the “Company” or “Regency”) announced today that S&P Global Ratings (“S&P”) raised its credit ratings related to the Company to ‘A-’ with a stable outlook.
In its public announcement, S&P noted “Regency Centers has continued demonstrating solid operating performance and financial metric strength, with support from its high quality, grocery-anchored portfolio and healthy retail fundamentals.”
“We very much appreciate S&P’s recognition of Regency’s commitment to operational excellence and financial discipline,” said Lisa Palmer, President and Chief Executive Officer. “This accomplishment is a testament to our Company’s long track record of cash flow growth and balance sheet strength, creating value for stakeholders and providing stability through cycles.”
About Regency Centers (Nasdaq: REG)
Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers. Operating as a fully integrated real estate company, Regency Centers is a qualified real estate investment trust (REIT) that is self-administered, self-managed, and an S&P 500 Index member. For more information, please visit
RegencyCenters.com
.
Christy McElroy
904 598 7616
ChristyMcElroy@regencycenters.com
This press release was published by a CLEAR® Verified individual.
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
