{"id":5376,"date":"2022-02-28T21:09:03","date_gmt":"2022-03-01T03:09:03","guid":{"rendered":"https:\/\/1reason.com\/re\/regency-centers-reports-fourth-quarter-and-full-year-2021-results\/5376\/"},"modified":"2022-03-01T15:09:03","modified_gmt":"2022-03-01T21:09:03","slug":"regency-centers-reports-fourth-quarter-and-full-year-2021-results","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/regency-centers-reports-fourth-quarter-and-full-year-2021-results\/5376\/","title":{"rendered":"Regency Centers Reports Fourth Quarter and Full Year 2021 Results"},"content":{"rendered":"<div> For the three months ended December 31, 2021 and 2020, Net Income was $0.39 per diluted share and $0.23 per diluted share, respectively. For the twelve months ended December 31, 2021 and 2020, Net Income was $2.12 per diluted share and $0.26 per diluted share, respectively.  <\/p>\n<p align=\"justify\"><strong>Fourth Quarter and Full Year 2021 Highlights<\/strong><\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:6pt;text-align:justify\">Reported Nareit FFO of $1.01 per diluted share for the fourth quarter, and $4.02 per diluted share for the full year<\/li>\n<li style=\"margin-bottom:6pt;text-align:justify\">Reported that Same Property Net Operating Income (\u201cNOI\u201d), excluding lease termination fees, increased 15.4% during the fourth quarter and 16.2% during the full year over the same periods a year ago<\/li>\n<li style=\"margin-bottom:6pt;text-align:justify\">Increased percent leased by 50 basis points sequentially to 94.3% in the Same Property portfolio, as of December 31, 2021<\/li>\n<li style=\"margin-bottom:6pt;text-align:justify\">Collected 99% of fourth quarter pro-rata billed base rent, as of February 7, 2022<\/li>\n<li style=\"margin-bottom:6pt;text-align:justify\">Executed 1.8 million square feet of comparable new and renewal leases during the fourth quarter at a blended rent spread of +12.9%, and 7.1 million square feet during the full year at a blended rent spread of +5.5%<\/li>\n<li style=\"margin-bottom:6pt\">Completed property acquisitions of $311 million during the fourth quarter and $489 million during the full year, both at Regency\u2019s share<\/li>\n<li style=\"margin-bottom:6pt\">Completed property dispositions of $87 million during the fourth quarter and $279 million during the full year, both at Regency\u2019s share<\/li>\n<li style=\"margin-bottom:6pt;text-align:justify\">Achieved pro-rata net debt-to-operating EBITDA<em>re<\/em> of 5.1x at December 31, 2021<\/li>\n<\/ul>\n<p align=\"justify\"><strong>Subsequent Highlights<\/strong><\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:6pt;text-align:justify\">On January 11, 2022, closed on the sale of Costa Verde Center in San Diego, CA for $125 million<\/li>\n<li style=\"margin-bottom:6pt;text-align:justify\">On January 25, 2022, issued its second annual TCFD Climate Change Risk Report, illustrating the Company\u2019s continued commitment to responsible environmental stewardship<\/li>\n<li style=\"margin-bottom:6pt;text-align:justify\">On February 9, 2022, Regency\u2019s Board of Directors (the \u201cBoard\u201d) declared a quarterly cash dividend on the Company\u2019s common stock of $0.625 per share<\/li>\n<li style=\"margin-bottom:6pt\">Inclusion for a 3<sup>rd<\/sup> year on Newsweek\u2019s 2022 Most Responsible Companies List, ranked top 100<\/li>\n<\/ul>\n<p align=\"justify\">\u201cWe are proud of all that Regency has accomplished in the last year as we recovered from the disruption caused by the pandemic, a testament to the resiliency of our portfolio and the hard work of our people,\u201d said Lisa Palmer, President and Chief Executive Officer. \u201cAs we look ahead from a position of strength, we\u2019ve pivoted from a recovery mindset to a focus on growth.\u201d<\/p>\n<p align=\"justify\"><strong>Financial Results<\/strong><\/p>\n<p align=\"justify\"><em>Net Income<\/em><\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:6pt;text-align:justify\">For the three months ended December 31, 2021, Net Income Attributable to Common Stockholders (\u201cNet Income\u201d) was $67.9 million, or $0.39 per diluted share, compared to Net Income of $38.5 million, or $0.23 per diluted share, for the same period in 2020.\n<ul type=\"circle\">\n<li style=\"margin-bottom:6pt;text-align:justify\">Net Income in the fourth quarter of 2021 includes an impairment charge of $85.2 million, or $0.49 per diluted share, primarily related to Potrero Center.<\/li>\n<li style=\"margin-bottom:6pt;text-align:justify\">Net Income in the fourth quarter of 2021 also includes a gain on sale of real estate of $61.9 million, or $0.36 per diluted share, primarily related to the sale of Sequoia Station.<\/li>\n<\/ul>\n<\/li>\n<li style=\"margin-bottom:6pt;text-align:justify\">For the twelve months ended December 31, 2021, Net Income was $361.4 million, or $2.12 per diluted share, compared to $44.9 million, or $0.26 per diluted share, for the same period in 2020.<\/li>\n<\/ul>\n<p align=\"justify\"><em>Nareit FFO<\/em><\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:6pt;text-align:justify\">For the three months ended December 31, 2021, Nareit Funds From Operations (\u201cNareit FFO\u201d) was $174.2 million, or $1.01 per diluted share, compared to $129.5 million, or $0.76 per diluted share, for the same period in 2020.\n<ul type=\"circle\">\n<li style=\"margin-bottom:6pt;text-align:justify\">Nareit FFO in the fourth quarter of 2021 includes positive uncollectible lease income of $6.0 million at Regency\u2019s share, or $0.04 per diluted share, favorably impacted by the collection of revenues reserved in prior periods. Additional detail on uncollectible lease income is on page 33 of the fourth quarter 2021 supplemental package.<\/li>\n<li style=\"margin-bottom:6pt;text-align:justify\">Nareit FFO in the fourth quarter of 2021 includes positive uncollectible straight-line rent of $6.1 million, or $0.04 per diluted share, which benefitted from the reversal of straight-line rent reserves triggered by the conversion of some cash basis tenants back to accrual accounting. Straight-line rent is excluded from the calculation of Core Operating Earnings.<\/li>\n<\/ul>\n<\/li>\n<li style=\"margin-bottom:6pt;text-align:justify\">For the twelve months ended December 31, 2021, Nareit FFO was $688.7 million, or $4.02 per diluted share, compared to $502.0 million, or $2.95 per diluted share, for the same period in 2020.\n<ul type=\"circle\">\n<li style=\"margin-bottom:6pt;text-align:justify\">Nareit FFO in the full year 2021 includes positive uncollectible lease income of $25.7 million at Regency\u2019s share, or $0.15 per diluted share.<\/li>\n<li style=\"margin-bottom:6pt;text-align:justify\">Nareit FFO in the full year 2021 includes positive uncollectible straight-line rent of $6.0 million, or $0.03 per diluted share.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p align=\"justify\"><em>Core Operating Earnings<\/em><\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:6pt;text-align:justify\">For the three months ended December 31, 2021, Core Operating Earnings was $159.0 million, or $0.92 per diluted share, compared to $125.1 million, or $0.73 per diluted share, for the same period in 2020.<\/li>\n<li style=\"margin-bottom:6pt;text-align:justify\">For the twelve months ended December 31, 2021, Core Operating Earnings was $631.2 million, or $3.68 per diluted share, compared to $505.2 million, or $2.97 per diluted share, for the same period in 2020.<\/li>\n<\/ul>\n<p align=\"justify\"><strong>Portfolio Performance<\/strong><\/p>\n<p align=\"justify\"><em>Same Property NOI<\/em><\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:6pt;text-align:justify\">Fourth quarter 2021 Same Property NOI, excluding lease termination fees, increased by 15.4% compared to the same period in 2020.<\/li>\n<li style=\"margin-bottom:6pt;text-align:justify\">Full year 2021 Same Property NOI, excluding lease termination fees, increased by 16.2% compared to the same period in 2020.<\/li>\n<\/ul>\n<p align=\"justify\"><em>Leased Occupancy<\/em><\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:6pt;text-align:justify\">As of December 31, 2021, Regency\u2019s wholly-owned portfolio plus its pro-rata share of co-investment partnerships, was 94.1% leased.<\/li>\n<li style=\"margin-bottom:6pt;text-align:justify\">As of December 31, 2021, Regency\u2019s Same Property portfolio was 94.3% leased, an increase of 50 basis points sequentially.\n<ul type=\"circle\">\n<li style=\"margin-bottom:6pt;text-align:justify\">Same Property anchor percent leased, which includes spaces greater than or equal to 10,000 square feet, was 96.9%, an increase of 40 basis points sequentially.<\/li>\n<li style=\"margin-bottom:6pt;text-align:justify\">Same Property shop percent leased, which includes spaces less than 10,000 square feet, was 89.9%, an increase of 60 basis points sequentially<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p align=\"justify\"><em>Leasing Activity<\/em><\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:6pt;text-align:justify\">During the three months ended December 31, 2021, Regency executed approximately 1.8 million square feet of comparable new and renewal leases at blended rent spreads of +12.9%.<\/li>\n<li style=\"margin-bottom:6pt;text-align:justify\">During the twelve months ended December 31, 2021, approximately 7.1 million square feet of comparable new and renewal leases were executed at blended rents spreads of +5.5%.<\/li>\n<\/ul>\n<p align=\"justify\"><em>COVID-19 Update<\/em><\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:6pt;text-align:justify\">As of February 7, 2022, the Company collected 99% of fourth quarter 2021 pro-rata base rent.<\/li>\n<li style=\"margin-bottom:6pt;text-align:justify\">Additional information regarding COVID-19 impacts can be found in the \u201cBusiness Update\u201d presentation posted on the Company\u2019s website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=5DOgzIXPPFs_TzCE-Uw6awAszrbdldnBT0VaBU3FUCWI0uv--Xdu5GShICsQ45N9dNbd7X-F-iHapav2tabs8fJiVZ-bYopbNo8IYHYu2XvJQmL5-U1fOKnGxTZ9rTtfsDErjjrGDbFtn1_u7fTvvRkSxKfNDCz6Y1B4FTW--k3eJtWKf-JvPltsBu0yWeeG\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"investors.regencycenters.com\">investors.regencycenters.com<\/a>, as well as on pages 33 and 34 of the fourth quarter 2021 supplemental package.<\/li>\n<\/ul>\n<p><strong>Portfolio Enhancement and Capital Allocation<\/strong><\/p>\n<p align=\"justify\"><em>Developments and Redevelopments<\/em><\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:6pt;text-align:justify\">As of December 31, 2021, Regency\u2019s in-process development and redevelopment projects had estimated net project costs of approximately $307 million and estimated remaining costs to complete of $127 million, each at the Company\u2019s share.<\/li>\n<li style=\"margin-bottom:6pt;text-align:justify\">During the fourth quarter, Regency completed one development and three redevelopment projects with combined costs of approximately $23 million, at the Company\u2019s share.<\/li>\n<\/ul>\n<p align=\"justify\"><em>Property Transactions<\/em><\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:6pt;text-align:justify\">As previously disclosed, during the full year 2021, the Company completed acquisitions for a combined total of $489 million, at Regency\u2019s share, and completed dispositions for a combined total of $279 million, at Regency\u2019s share.\n<ul type=\"circle\">\n<li style=\"margin-bottom:6pt;text-align:justify\">During the fourth quarter of 2021, the Company completed acquisitions for a combined total of $311 million, including Blakeney Shopping Center for $181 million and a portfolio of four grocery-anchored neighborhood centers on Long Island for $130 million.<\/li>\n<li style=\"margin-bottom:6pt;text-align:justify\">During the fourth quarter of 2021, the Company completed the disposition of two properties for a combined total of $87 million, at Regency\u2019s share.<\/li>\n<\/ul>\n<\/li>\n<li style=\"margin-bottom:6pt;text-align:justify\">As previously disclosed, subsequent to year-end on January 11, 2022, the Company closed on the sale of its wholly-owned Costa Verde Center in San Diego, California for $125 million.<\/li>\n<\/ul>\n<p align=\"justify\"><strong>Balance Sheet<\/strong><\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:6pt;text-align:justify\">As of December 31, 2021, Regency had full capacity available under its $1.2 billion revolving credit facility.<\/li>\n<li style=\"margin-bottom:6pt;text-align:justify\">As of December 31, 2021, Regency\u2019s pro-rata net debt-to-operating EBITDA<em>re<\/em> ratio was 5.1x.<\/li>\n<li style=\"margin-bottom:6pt;text-align:justify\">As previously disclosed, in the second quarter of 2021, Regency entered into forward sale agreements in connection with its ATM program to sell an aggregate of approximately 2.3 million shares of common stock. As of December 31, 2021, the Company has approximately 1.0 million shares that remain unsettled, at an average gross price of $65.78 per share.<\/li>\n<\/ul>\n<p><strong>Dividend<\/strong><\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:6pt;text-align:justify\">On February 9, 2022, Regency\u2019s Board declared a quarterly cash dividend on the Company\u2019s common stock of $0.625 per share. The dividend is payable on April 5, 2022, to shareholders of record as of March 15, 2022.<\/li>\n<\/ul>\n<p align=\"justify\"><strong>2022 Guidance<\/strong><\/p>\n<p align=\"justify\">Regency Centers provided initial 2022 guidance, as summarized in the table below. Please refer to the Company\u2019s \u201cBusiness Update\u201d presentation for additional detail on guidance disclosure. Additional guidance details may also be found in the fourth quarter 2021 supplemental package. All materials are posted on the Company\u2019s website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=zAdcNwS9E_VcBX857xTGplim-WTm0sr_KoQrZAAe_2gGpeOZ7oZQE6PUlvQPUyVA35f6bYhSFMXDAjy0DN-ixgo-duWUSbY9gopT1t36UEvNaq-hZot_--m-pmAVbPl3UMs2Ssha7m_j9PDDKVYMyNnAvo4eh3N1lzE_TTkkjr8=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"investors.regencycenters.com\">investors.regencycenters.com<\/a>.<\/p>\n<table class=\"gnw_table_border_collapse hugin\" style=\"width:100%;border-collapse:collapse !important\">\n<tr>\n<td class=\"gnw_align_center hugin\" colspan=\"6\"><strong>Full Year 2022 Guidance<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_center hugin\" colspan=\"6\"><em>All figures pro-rata and in thousands, except per share data<\/em><\/td>\n<\/tr>\n<tr>\n<td class=\"hugin\" style=\"max-width:68%;width:68%;min-width:68%\" \/>\n<td class=\"hugin\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"hugin\" colspan=\"2\" style=\"max-width:15%;width:15%;min-width:15%\" \/>\n<td class=\"hugin\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"hugin\" colspan=\"1\" style=\"max-width:15%;width:15%;min-width:15%\" \/><\/tr>\n<tr>\n<td class=\"gnw_align_left gnw_border_bottom_solid hugin\" \/>\n<td class=\"gnw_align_right gnw_border_bottom_solid hugin\" \/>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_align_center gnw_border_bottom_solid hugin\" colspan=\"2\"><strong>Initial 2022 Guidance<\/strong><\/td>\n<td class=\"gnw_align_right gnw_border_bottom_solid hugin\" \/>\n<td class=\"gnw_align_center gnw_border_bottom_solid hugin\" colspan=\"1\"><em><strong>2021 Actual<\/strong><\/em><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_left gnw_border_bottom_solid hugin gnw_vertical_align_middle\">Net Income Attributable to Common Stockholders per diluted share<\/td>\n<td class=\"gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" \/>\n<td class=\"gnw_border_right_solid gnw_border_left_solid gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" colspan=\"2\">$1.78 &#8211; $1.86<\/td>\n<td class=\"gnw_align_right gnw_border_bottom_solid hugin gnw_vertical_align_middle\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" colspan=\"1\"><em>$<\/em><em>2.12<\/em><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_left gnw_border_bottom_solid hugin gnw_vertical_align_middle\">Nareit Funds From Operations (\u201cNareit FFO\u201d) per diluted share<\/td>\n<td class=\"gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" \/>\n<td class=\"gnw_border_right_solid gnw_border_left_solid gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" colspan=\"2\">$3.72 &#8211; $3.80<\/td>\n<td class=\"gnw_align_right gnw_border_bottom_solid hugin gnw_vertical_align_middle\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" colspan=\"1\"><em>$<\/em><em>4.02<\/em><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_left gnw_border_bottom_solid hugin gnw_vertical_align_middle\">Core Operating Earnings per diluted share <sup>(1)<\/sup><\/td>\n<td class=\"gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" \/>\n<td class=\"gnw_border_right_solid gnw_border_left_solid gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" colspan=\"2\">$3.56 &#8211; $3.64<\/td>\n<td class=\"gnw_align_right gnw_border_bottom_solid hugin gnw_vertical_align_middle\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" colspan=\"1\"><em>$<\/em><em>3.68<\/em><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_left gnw_border_bottom_solid hugin gnw_vertical_align_middle\" style=\"max-width:67%;min-width:67%\">Same Property Net Operating Income (\u201cSP NOI\u201d) Growth (ex. Termination Fees)<\/td>\n<td class=\"gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" style=\"max-width:1%;min-width:1%\" \/>\n<td class=\"gnw_border_right_solid gnw_border_left_solid gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" colspan=\"2\" style=\"max-width:15%;min-width:15%\">-1.25% to +0.25%<\/td>\n<td class=\"gnw_align_right gnw_border_bottom_solid hugin gnw_vertical_align_middle\" style=\"max-width:1%;min-width:1%\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" style=\"max-width:15%;min-width:15%\"><em>+16.2%<\/em><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_left gnw_border_bottom_solid hugin gnw_vertical_align_middle\">Same Property Net Operating Income (\u201cSP NOI\u201d) Growth (ex. Termination Fees, ex. Collection of Prior Year Reserves)<\/td>\n<td class=\"gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" \/>\n<td class=\"gnw_border_right_solid gnw_border_left_solid gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" colspan=\"2\">+2.75% to +4.25%<\/td>\n<td class=\"gnw_align_right gnw_border_bottom_solid hugin gnw_vertical_align_middle\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\"><em>+9.9%<\/em><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_left gnw_border_bottom_solid hugin gnw_vertical_align_middle\">Collection of Prior Year Reserves <sup>(2)<\/sup><\/td>\n<td class=\"gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" \/>\n<td class=\"gnw_border_right_solid gnw_border_left_solid gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" colspan=\"2\">+\/- $13,000<\/td>\n<td class=\"gnw_align_right gnw_border_bottom_solid hugin gnw_vertical_align_middle\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" colspan=\"1\"><em>$<\/em><em>46,255<\/em><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_left gnw_border_bottom_solid hugin gnw_vertical_align_middle\">Certain Non-Cash Items <sup>(3)<\/sup><\/td>\n<td class=\"gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" \/>\n<td class=\"gnw_border_right_solid gnw_border_left_solid gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" colspan=\"2\">+\/- $28,000<\/td>\n<td class=\"gnw_align_right gnw_border_bottom_solid hugin gnw_vertical_align_middle\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" colspan=\"1\"><em>$<\/em><em>44,102<\/em><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i20 gnw_border_bottom_solid hugin gnw_vertical_align_middle\"><em>Includes Impact from Reversal of Uncollectible Straight-Line Rent Receivables (conversions to accrual) <\/em><sup><em>(4)<\/em><\/sup><\/td>\n<td class=\"gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" \/>\n<td class=\"gnw_border_right_solid gnw_border_left_solid gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" colspan=\"2\"><em>as converted<\/em><\/td>\n<td class=\"gnw_align_right gnw_border_bottom_solid hugin gnw_vertical_align_middle\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" colspan=\"1\"><em>$<\/em><em>12,863<\/em><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_left gnw_border_bottom_solid hugin gnw_vertical_align_middle\">Net G&amp;A Expense<\/td>\n<td class=\"gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" \/>\n<td class=\"gnw_border_right_solid gnw_border_left_solid gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" colspan=\"2\">$82,500 &#8211; $85,500<\/td>\n<td class=\"gnw_align_right gnw_border_bottom_solid hugin gnw_vertical_align_middle\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" colspan=\"1\"><em>$<\/em><em>73,987<\/em><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_left gnw_border_bottom_solid hugin gnw_vertical_align_middle\">Net Interest Expense<\/td>\n<td class=\"gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" \/>\n<td class=\"gnw_border_right_solid gnw_border_left_solid gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" colspan=\"2\">$163,500 &#8211; $164,500<\/td>\n<td class=\"gnw_align_right gnw_border_bottom_solid hugin gnw_vertical_align_middle\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" colspan=\"1\"><em>$<\/em><em>165,419<\/em><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_left gnw_border_bottom_solid hugin gnw_vertical_align_middle\">Recurring Third Party Fees &amp; Commissions<\/td>\n<td class=\"gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" \/>\n<td class=\"gnw_border_right_solid gnw_border_left_solid gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" colspan=\"2\">$24,000 &#8211; $25,000<\/td>\n<td class=\"gnw_align_right gnw_border_bottom_solid hugin gnw_vertical_align_middle\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" colspan=\"1\"><em>$<\/em><em>25,665<\/em><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_left gnw_border_bottom_solid hugin gnw_vertical_align_middle\">Transaction Income (JV Promote)<\/td>\n<td class=\"gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" \/>\n<td class=\"gnw_border_left_solid gnw_padding_right_none gnw_align_center gnw_border_right_solid gnw_border_bottom_solid hugin gnw_vertical_align_middle\" colspan=\"2\">$0<\/td>\n<td class=\"gnw_align_right gnw_border_bottom_solid hugin gnw_vertical_align_middle\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" colspan=\"1\"><em>$<\/em><em>13,589<\/em><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_left gnw_border_bottom_solid hugin gnw_vertical_align_middle\">Development and Redevelopment Spend<\/td>\n<td class=\"gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" \/>\n<td class=\"gnw_border_right_solid gnw_border_left_solid gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" colspan=\"2\">+\/- $150,000<\/td>\n<td class=\"gnw_align_right gnw_border_bottom_solid hugin gnw_vertical_align_middle\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" colspan=\"1\"><em>$<\/em><em>106,185<\/em><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_left gnw_border_bottom_solid hugin gnw_vertical_align_middle\">Acquisitions<\/td>\n<td class=\"gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" \/>\n<td class=\"gnw_border_right_solid gnw_border_left_solid gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" colspan=\"2\">+\/- $30,000<\/td>\n<td class=\"gnw_align_right gnw_border_bottom_solid hugin gnw_vertical_align_middle\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" colspan=\"1\"><em>$<\/em><em>488,582<\/em><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i10 gnw_border_bottom_solid hugin gnw_vertical_align_middle\"><em>Cap rate (weighted average)<\/em><\/td>\n<td class=\"gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" \/>\n<td class=\"gnw_border_right_solid gnw_border_left_solid gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" colspan=\"2\"><em>+\/- 5.0%<\/em><\/td>\n<td class=\"gnw_align_right gnw_border_bottom_solid hugin gnw_vertical_align_middle\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\"><em>5.1<\/em><em>%<\/em><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_left gnw_border_bottom_solid hugin gnw_vertical_align_middle\">Dispositions<\/td>\n<td class=\"gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" \/>\n<td class=\"gnw_border_right_solid gnw_border_left_solid gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" colspan=\"2\">+\/- $150,000<\/td>\n<td class=\"gnw_align_right gnw_border_bottom_solid hugin gnw_vertical_align_middle\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" colspan=\"1\"><em>$<\/em><em>279,115<\/em><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i10 gnw_border_bottom_solid hugin gnw_vertical_align_middle\"><em>Cap rate (weighted average) <\/em><sup><em>(5)<\/em><\/sup><\/td>\n<td class=\"gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" \/>\n<td class=\"gnw_border_right_solid gnw_border_left_solid gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" colspan=\"2\"><em>2.25% &#8211; 2.50%<\/em><\/td>\n<td class=\"gnw_align_right gnw_border_bottom_solid hugin gnw_vertical_align_middle\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\"><em>5.2<\/em><em>%<\/em><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_left gnw_border_bottom_solid hugin gnw_vertical_align_middle\">Forward ATM Settlement (gross)<\/td>\n<td class=\"gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" \/>\n<td class=\"gnw_border_right_solid gnw_border_left_solid gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" colspan=\"2\">+\/- $65,000<\/td>\n<td class=\"gnw_align_right gnw_border_bottom_solid hugin gnw_vertical_align_middle\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_center gnw_border_bottom_solid hugin gnw_vertical_align_middle\" colspan=\"1\"><em>$<\/em><em>84,869<\/em><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_right hugin\" \/>\n<td class=\"gnw_align_right hugin\" \/>\n<td class=\"gnw_align_center hugin\" colspan=\"2\" \/>\n<td class=\"gnw_align_right hugin\" \/>\n<td class=\"gnw_align_center hugin\" colspan=\"1\" \/><\/tr>\n<tr>\n<td class=\"gnw_align_left hugin\" colspan=\"6\"><sup><em>(1)<\/em><\/sup><em> Core Operating Earnings excludes certain non-cash items, including straight-line rents, above\/below market rent amortization, and amortization of mark-to-market debt,as well as transaction related income\/expenses and debt extinguishment charges. <\/em><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_left hugin\" colspan=\"6\"><sup><em>(2)<\/em><\/sup><em> Represents the expected collection in 2022 of revenues reserved in 2020 and 2021, and the actual collection in 2021 of revenues reserved in 2020. Included in Uncollectible Lease Income. <\/em><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_left hugin\" colspan=\"5\"><sup><em>(3)<\/em><\/sup><em> Includes above and below market rent amortization, straight-line rents, and amortization of mark-to-market debt adjustments.<\/em><\/td>\n<td class=\"gnw_align_right hugin\" colspan=\"1\" \/><\/tr>\n<tr>\n<td class=\"gnw_align_left hugin\" colspan=\"6\"><sup><em>(4)<\/em><\/sup><em> Positive impact on Uncollectible Straight Line Rent from the conversion of cash basis tenants back to an accrual basis of accounting, only included in guidance as tenants are converted.<\/em><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_left hugin\" colspan=\"6\"><sup><em>(5)<\/em><\/sup><em> Weighted average cap rates exclude non-income producing assets; 2021 cap rate was 4.3% including $48 million of non-income producing assets; 2022 cap rate range includes the sale ofCosta Verde ($125M at a ~1.5% cap rate, not stabilized).<\/em><\/td>\n<\/tr>\n<\/table>\n<p><strong>Conference Call Information<\/strong><\/p>\n<p align=\"justify\">To discuss Regency\u2019s fourth quarter results and provide further business updates, management will host a conference call on Friday, February 11, 2022, at 10:00 a.m. ET. Dial-in and webcast information is listed below.<\/p>\n<table class=\"gnw_table_border_collapse hugin\" style=\"width:100%;border-collapse:collapse !important\">\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"2\"><em><u>Fourth Quarter 2021 Earnings Conference Call<\/u><\/em><\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" style=\"max-width:9%;width:9%;min-width:9%\">Date:<\/td>\n<td class=\"hugin gnw_vertical_align_middle\" style=\"max-width:91%;width:91%;min-width:91%\">Friday, February 11, 2022<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">Time:<\/td>\n<td class=\"hugin gnw_vertical_align_middle\">10:00 a.m. ET<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">Dial#:<\/td>\n<td class=\"hugin gnw_vertical_align_middle\">877-407-0789 or 201-689-8562<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">Webcast:<\/td>\n<td class=\"hugin gnw_vertical_align_middle\"><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=3kC1PTYs98TLy6M38eH3bYJ854-BLaeAyrk_VtNnRUohqnJbSbhAkKqioBYdS2NbFYn8Ys5tvJwlHr1f2tLLYEWPngUBGlN3CkAsLrCWd8gEF1a5BD4ia0ZMkMpnSxL5\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"\"><u>investors.regencycenters.com<\/u><\/a><\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\"><em><u>Replay<\/u><\/em><\/p>\n<p align=\"justify\">Webcast Archive: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=5tl4yZqnLGL5JTtXrESD3_F_fOyqGF9jGdt3UOjSt7LbFK6Jttkvbixj5CSD8Xw8zErCaMgkRNPw5KyhxOtvE-URXCGJuzcDQ7yZJr8OIvY=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"Investor Relations\">Investor Relations<\/a> page under <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=a9J0ANgzMEmmSsAw9KxYcVPhVOEFrcVBxo31OKApaHI5e8z2CkrTDkxpRID5J720RS6YJ9AFM4qCeC8NcBtQHqyVwBmsXlV2Cb-aTlUXOIA0QckRlhwFFJcZ58vFU7_IhXC2Uis6k8qj57NSC5AIVQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"Events &amp; Webcasts\">Events &amp; Webcasts<\/a><\/p>\n<table class=\"gnw_table_border_collapse hugin\" style=\"width:100%;border-collapse:collapse !important\">\n<tr>\n<td class=\"gnw_align_right hugin\" \/>\n<td class=\"hugin\" colspan=\"3\" \/>\n<td class=\"hugin\" colspan=\"2\" \/>\n<td class=\"hugin\" \/>\n<td class=\"hugin\" colspan=\"3\" \/>\n<td class=\"hugin\" colspan=\"2\" \/><\/tr>\n<tr>\n<td class=\"gnw_align_left hugin\" colspan=\"12\"><strong>Reconciliation of Net Income Attributable to Common Stockholders to Nareit FFO and Core Operating Earnings &#8211; <em>Actual (in thousands)<\/em><\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_right hugin\" \/>\n<td class=\"hugin\" colspan=\"3\" \/>\n<td class=\"hugin\" colspan=\"2\" \/>\n<td class=\"hugin\" \/>\n<td class=\"hugin\" colspan=\"3\" \/>\n<td class=\"hugin\" colspan=\"2\" \/><\/tr>\n<tr>\n<td class=\"gnw_align_right hugin\" \/>\n<td class=\"hugin\" colspan=\"3\" \/>\n<td class=\"hugin\" colspan=\"2\" \/>\n<td class=\"hugin\" \/>\n<td class=\"hugin\" colspan=\"3\" \/>\n<td class=\"hugin\" colspan=\"2\" \/><\/tr>\n<tr>\n<td class=\"gnw_align_left hugin\"><strong>For the Periods Ended December 31, 2021 and 2020<\/strong><\/td>\n<td class=\"gnw_align_center hugin\" colspan=\"5\"><u><strong>Three Months Ended<\/strong><\/u><\/td>\n<td class=\"gnw_align_center hugin\" \/>\n<td class=\"gnw_align_center hugin\" colspan=\"5\"><u><strong>Year to Date<\/strong><\/u><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_right hugin\" \/>\n<td class=\"gnw_padding_right_none gnw_align_center hugin\" colspan=\"3\"><u><strong>2021<\/strong><\/u><\/td>\n<td class=\"gnw_padding_right_none gnw_align_center hugin\" colspan=\"2\"><u><strong>2020<\/strong><\/u><\/td>\n<td class=\"gnw_align_center hugin\" \/>\n<td class=\"gnw_padding_right_none gnw_align_center hugin\" colspan=\"3\"><u><strong>2021<\/strong><\/u><\/td>\n<td class=\"gnw_padding_right_none gnw_align_center hugin\" colspan=\"2\"><u><strong>2020<\/strong><\/u><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"2\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"2\" \/><\/tr>\n<tr>\n<td class=\"gnw_align_left hugin gnw_vertical_align_bottom\"><strong>Reconciliation of Net Income to Nareit FFO:<\/strong><\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\" \/><\/tr>\n<tr>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\" \/><\/tr>\n<tr>\n<td class=\"gnw_align_left hugin gnw_vertical_align_bottom\" style=\"max-width:53%;width:53%;min-width:53%\">Net Income Attributable to Common Stockholders<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\">$<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" style=\"max-width:10%;width:10%;min-width:10%\">67,859<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" style=\"max-width:10%;width:10%;min-width:10%\">38,487<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\">$<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" style=\"max-width:10%;width:10%;min-width:10%\">361,411<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" style=\"max-width:10%;width:10%;min-width:10%\">44,889<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Adjustments to reconcile to Nareit Funds From Operations <sup>(1)<\/sup>:<\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i20 hugin gnw_vertical_align_bottom\">Depreciation and amortization (excluding FF&amp;E)<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">82,765<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">94,289<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">330,364<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">375,865<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i20 hugin gnw_vertical_align_bottom\">Goodwill impairment<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&#8211;<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&#8211;<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&#8211;<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">132,128<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i20 hugin gnw_vertical_align_bottom\">Gain on sale of real estate<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">(61,915<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">(21,228<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">(100,499<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">(69,879<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">)<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i20 hugin gnw_vertical_align_bottom\">Provision for impairment of real estate<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">85,229<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">17,764<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">95,815<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">18,778<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i20 hugin gnw_vertical_align_bottom\">Exchangeable operating partnership units<\/td>\n<td class=\"gnw_border_bottom_solid gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">300<\/td>\n<td class=\"gnw_border_bottom_solid gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">174<\/td>\n<td class=\"gnw_border_bottom_solid gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">1,615<\/td>\n<td class=\"gnw_border_bottom_solid gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">203<\/td>\n<td class=\"gnw_border_bottom_solid gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i30 hugin gnw_vertical_align_bottom\"><strong>Nareit Funds From Operations<\/strong><\/td>\n<td class=\"gnw_border_bottom_double gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_bottom_double gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">174,238<\/td>\n<td class=\"gnw_border_bottom_double gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">129,486<\/td>\n<td class=\"gnw_border_bottom_double gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_bottom_double gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">688,706<\/td>\n<td class=\"gnw_border_bottom_double gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">501,984<\/td>\n<td class=\"gnw_border_bottom_double gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i25 hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\" \/><\/tr>\n<tr>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\" \/><\/tr>\n<tr>\n<td class=\"gnw_align_left hugin gnw_vertical_align_bottom\"><strong>Reconciliation of Nareit FFO to Core Operating Earnings:<\/strong><\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i20 hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\" \/><\/tr>\n<tr>\n<td class=\"gnw_align_left hugin gnw_vertical_align_bottom\">Nareit Funds From Operations<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">174,238<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">129,486<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">688,706<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">501,984<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Adjustments to reconcile to Core Operating Earnings <sup>(1)<\/sup>:<\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Not Comparable Items<\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i20 hugin gnw_vertical_align_bottom\">Early extinguishment of debt<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&#8211;<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">2,685<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&#8211;<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">22,043<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i20 hugin gnw_vertical_align_bottom\">Promote income<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&#8211;<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&#8211;<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">(13,589<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&#8211;<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Certain Non-Cash Items<\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i20 hugin gnw_vertical_align_bottom\">Straight line rent<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">(3,240<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">(3,778<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">(13,534<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">(15,605<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">)<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i20 hugin gnw_vertical_align_bottom\">Uncollectible straight line rent<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">(6,124<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">7,681<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">(5,965<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">39,255<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i20 hugin gnw_vertical_align_bottom\">Above\/below market rent amortization, net<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">(5,791<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">(10,860<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">(23,889<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">(41,293<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">)<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i20 hugin gnw_vertical_align_bottom\">Debt premium\/discount amortization<\/td>\n<td class=\"gnw_border_bottom_solid gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">(105<\/td>\n<td class=\"gnw_border_bottom_solid gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_border_bottom_solid gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">(117<\/td>\n<td class=\"gnw_border_bottom_solid gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">(565<\/td>\n<td class=\"gnw_border_bottom_solid gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_border_bottom_solid gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">(1,233<\/td>\n<td class=\"gnw_border_bottom_solid gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">)<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i30 hugin gnw_vertical_align_bottom\"><strong>Core Operating Earnings<\/strong><\/td>\n<td class=\"gnw_border_bottom_double gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_bottom_double gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">158,978<\/td>\n<td class=\"gnw_border_bottom_double gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">125,097<\/td>\n<td class=\"gnw_border_bottom_double gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_bottom_double gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">631,164<\/td>\n<td class=\"gnw_border_bottom_double gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">505,151<\/td>\n<td class=\"gnw_border_bottom_double gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"2\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"2\" \/><\/tr>\n<tr>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"2\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"2\" \/><\/tr>\n<tr>\n<td class=\"gnw_align_left hugin gnw_vertical_align_bottom\">Weighted Average Shares For Diluted Earnings per Share<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">171,866<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">169,980<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">170,694<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">169,460<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\" \/><\/tr>\n<tr>\n<td class=\"gnw_align_left hugin gnw_vertical_align_bottom\">Weighted Average Shares For Diluted FFO and Core Operating Earnings per Share<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">172,626<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">170,745<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">171,456<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">170,225<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"2\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"2\" \/><\/tr>\n<tr>\n<td class=\"gnw_align_left hugin\" colspan=\"12\">(1) Includes Regency&#8217;s consolidated entities and its pro-rata share of unconsolidated co-investment partnerships, net of pro-rata share attributable to noncontrolling interests.<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_left hugin\" \/>\n<td class=\"gnw_align_left hugin\" colspan=\"3\" \/>\n<td class=\"gnw_align_left hugin\" colspan=\"2\" \/>\n<td class=\"gnw_align_left hugin\" \/>\n<td class=\"gnw_align_left hugin\" colspan=\"3\" \/>\n<td class=\"gnw_align_left hugin\" colspan=\"2\" \/><\/tr>\n<\/table>\n<p align=\"justify\">Same Property NOI is a key non-GAAP measure used by management in evaluating the operating performance of Regency\u2019s properties. The Company provides a reconciliation of Net Income Attributable to Common Stockholders to pro-rata Same Property NOI.<\/p>\n<table class=\"gnw_table_border_collapse hugin\" style=\"width:100%;border-collapse:collapse !important\">\n<tr>\n<td class=\"gnw_align_right hugin\" \/>\n<td class=\"hugin\" colspan=\"3\" \/>\n<td class=\"hugin\" colspan=\"2\" \/>\n<td class=\"hugin\" \/>\n<td class=\"hugin\" colspan=\"3\" \/>\n<td class=\"hugin\" colspan=\"2\" \/><\/tr>\n<tr>\n<td class=\"gnw_align_left hugin\" colspan=\"12\"><strong>Reconciliation of Net Income Attributable to Common Stockholders to Pro-Rata Same Property NOI &#8211; Actual (in thousands)<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_right hugin\" \/>\n<td class=\"hugin\" colspan=\"3\" \/>\n<td class=\"hugin\" colspan=\"2\" \/>\n<td class=\"gnw_align_center hugin\" \/>\n<td class=\"gnw_align_center hugin\" colspan=\"3\" \/>\n<td class=\"gnw_align_center hugin\" colspan=\"2\" \/><\/tr>\n<tr>\n<td class=\"gnw_align_right hugin\" \/>\n<td class=\"hugin\" colspan=\"3\" \/>\n<td class=\"hugin\" colspan=\"2\" \/>\n<td class=\"hugin\" \/>\n<td class=\"hugin\" colspan=\"3\" \/>\n<td class=\"hugin\" colspan=\"2\" \/><\/tr>\n<tr>\n<td class=\"gnw_align_left hugin\"><strong>For the Periods Ended December 31, 2021 and 2020<\/strong><\/td>\n<td class=\"gnw_align_center hugin\" colspan=\"5\"><u><strong>Three Months Ended<\/strong><\/u><\/td>\n<td class=\"gnw_align_center hugin\" \/>\n<td class=\"gnw_align_center hugin\" colspan=\"5\"><u><strong>Year to Date<\/strong><\/u><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_right hugin\" \/>\n<td class=\"gnw_padding_right_none gnw_align_center hugin\" colspan=\"3\"><u><strong>2021<\/strong><\/u><\/td>\n<td class=\"gnw_padding_right_none gnw_align_center hugin\" colspan=\"2\"><u><strong>2020<\/strong><\/u><\/td>\n<td class=\"gnw_align_center hugin\" \/>\n<td class=\"gnw_padding_right_none gnw_align_center hugin\" colspan=\"3\"><u><strong>2021<\/strong><\/u><\/td>\n<td class=\"gnw_padding_right_none gnw_align_center hugin\" colspan=\"2\"><u><strong>2020<\/strong><\/u><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_right hugin\" \/>\n<td class=\"hugin\" colspan=\"3\" \/>\n<td class=\"hugin\" colspan=\"2\" \/>\n<td class=\"hugin\" \/>\n<td class=\"hugin\" colspan=\"3\" \/>\n<td class=\"hugin\" colspan=\"2\" \/><\/tr>\n<tr>\n<td class=\"gnw_align_left hugin\" style=\"max-width:53%;width:53%;min-width:53%\">Net income attributable to common stockholders<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\" style=\"max-width:1%;width:1%;min-width:1%\">$<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin\" style=\"max-width:10%;width:10%;min-width:10%\">67,859<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\" style=\"max-width:10%;width:10%;min-width:10%\">38,487<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_align_right hugin\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\" style=\"max-width:1%;width:1%;min-width:1%\">$<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin\" style=\"max-width:10%;width:10%;min-width:10%\">361,411<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\" style=\"max-width:10%;width:10%;min-width:10%\">44,889<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\" style=\"max-width:1%;width:1%;min-width:1%\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i10 hugin\">Less:<\/td>\n<td class=\"gnw_align_right hugin\" colspan=\"3\" \/>\n<td class=\"gnw_align_right hugin\" colspan=\"2\" \/>\n<td class=\"gnw_align_right hugin\" \/>\n<td class=\"gnw_align_right hugin\" colspan=\"3\" \/>\n<td class=\"gnw_align_right hugin\" colspan=\"2\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i20 hugin\">Management, transaction, and other fees<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin\">(6,918<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\">)<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\">(7,417<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\">)<\/td>\n<td class=\"gnw_align_right hugin\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin\">(40,337<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\">)<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\">(26,501<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\">)<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i20 hugin\">Other<sup>(1)<\/sup><\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin\">(15,676<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\">)<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\">(8,544<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\">)<\/td>\n<td class=\"gnw_align_right hugin\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin\">(46,860<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\">)<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\">(25,912<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\">)<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i10 hugin\">Plus:<\/td>\n<td class=\"gnw_align_right hugin\" colspan=\"3\" \/>\n<td class=\"gnw_align_right hugin\" colspan=\"2\" \/>\n<td class=\"gnw_align_right hugin\" \/>\n<td class=\"gnw_align_right hugin\" colspan=\"3\" \/>\n<td class=\"gnw_align_right hugin\" colspan=\"2\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i20 hugin\">Depreciation and amortization<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin\">76,396<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\">86,739<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\" \/>\n<td class=\"gnw_align_right hugin\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin\">303,331<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\">345,900<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i20 hugin\">General and administrative<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin\">19,955<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\">20,512<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\" \/>\n<td class=\"gnw_align_right hugin\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin\">78,218<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\">75,001<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i20 hugin\">Other operating expense<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin\">3,064<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\">7,617<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\" \/>\n<td class=\"gnw_align_right hugin\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin\">5,751<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\">12,642<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i20 hugin\">Other expense<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin\">65,594<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\">35,474<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\" \/>\n<td class=\"gnw_align_right hugin\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin\">132,977<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\">256,407<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i20 hugin\">Equity in income of investments in real estate excluded from NOI <sup>(2)<\/sup><\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin\">3,852<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\">12,838<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\" \/>\n<td class=\"gnw_align_right hugin\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin\">53,119<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\">59,726<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i20 hugin\">Net income attributable to noncontrolling interests<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin\">1,124<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\">729<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\" \/>\n<td class=\"gnw_align_right hugin\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin\">4,877<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\">2,428<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i30 hugin\">NOI<\/td>\n<td class=\"gnw_border_top_solid gnw_padding_right_none gnw_align_right hugin\" \/>\n<td class=\"gnw_border_top_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin\">215,250<\/td>\n<td class=\"gnw_border_top_solid gnw_padding_left_none gnw_align_left hugin\" \/>\n<td class=\"gnw_border_top_solid gnw_padding_right_none gnw_align_right hugin\">186,435<\/td>\n<td class=\"gnw_border_top_solid gnw_padding_left_none gnw_align_left hugin\" \/>\n<td class=\"gnw_align_right hugin\" \/>\n<td class=\"gnw_border_top_solid gnw_padding_right_none gnw_align_right hugin\" \/>\n<td class=\"gnw_border_top_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin\">852,487<\/td>\n<td class=\"gnw_border_top_solid gnw_padding_left_none gnw_align_left hugin\" \/>\n<td class=\"gnw_border_top_solid gnw_padding_right_none gnw_align_right hugin\">744,580<\/td>\n<td class=\"gnw_border_top_solid gnw_padding_left_none gnw_align_left hugin\" \/><\/tr>\n<tr>\n<td class=\"gnw_align_right hugin\" \/>\n<td class=\"gnw_align_right hugin\" colspan=\"3\" \/>\n<td class=\"gnw_align_right hugin\" colspan=\"2\" \/>\n<td class=\"gnw_align_right hugin\" \/>\n<td class=\"gnw_align_right hugin\" colspan=\"3\" \/>\n<td class=\"gnw_align_right hugin\" colspan=\"2\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i10 hugin\">Less non-same property NOI<sup> (3)<\/sup><\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin\">(3,108<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\">)<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\">(2,124<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\">)<\/td>\n<td class=\"gnw_align_right hugin\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin\">(3,314<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\">)<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin\">(11,472<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin\">)<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i30 hugin\" \/>\n<td class=\"gnw_align_right hugin\" colspan=\"3\" \/>\n<td class=\"gnw_align_right hugin\" colspan=\"2\" \/>\n<td class=\"gnw_align_right hugin\" \/>\n<td class=\"gnw_align_right hugin\" colspan=\"3\" \/>\n<td class=\"gnw_align_right hugin\" colspan=\"2\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i30 hugin\"><strong>Same Property NOI<\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_padding_right_none gnw_align_right hugin\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin\">212,142<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_padding_left_none gnw_align_left hugin\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_padding_right_none gnw_align_right hugin\">184,311<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_padding_left_none gnw_align_left hugin\" \/>\n<td class=\"gnw_align_right hugin\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_padding_right_none gnw_align_right hugin\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin\">849,173<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_padding_left_none gnw_align_left hugin\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_padding_right_none gnw_align_right hugin\">733,108<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_padding_left_none gnw_align_left hugin\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i30 hugin\" \/>\n<td class=\"hugin\" colspan=\"3\" \/>\n<td class=\"hugin\" colspan=\"2\" \/>\n<td class=\"hugin\" \/>\n<td class=\"hugin\" colspan=\"3\" \/>\n<td class=\"hugin\" colspan=\"2\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i30 hugin\"><strong>Same Property NOI without Termination Fees<\/strong><\/td>\n<td class=\"gnw_border_bottom_double gnw_padding_right_none gnw_align_right hugin\">$<\/td>\n<td class=\"gnw_border_bottom_double gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin\">210,104<\/td>\n<td class=\"gnw_border_bottom_double gnw_padding_left_none gnw_align_left hugin\" \/>\n<td class=\"gnw_border_bottom_double gnw_padding_right_none gnw_align_right hugin\">182,051<\/td>\n<td class=\"gnw_border_bottom_double gnw_padding_left_none gnw_align_left hugin\" \/>\n<td class=\"gnw_align_right hugin\" \/>\n<td class=\"gnw_border_bottom_double gnw_padding_right_none gnw_align_right hugin\">$<\/td>\n<td class=\"gnw_border_bottom_double gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin\">842,727<\/td>\n<td class=\"gnw_border_bottom_double gnw_padding_left_none gnw_align_left hugin\" \/>\n<td class=\"gnw_border_bottom_double gnw_padding_right_none gnw_align_right hugin\">725,358<\/td>\n<td class=\"gnw_border_bottom_double gnw_padding_left_none gnw_align_left hugin\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i30 hugin\" \/>\n<td class=\"hugin\" colspan=\"3\" \/>\n<td class=\"hugin\" colspan=\"2\" \/>\n<td class=\"hugin\" \/>\n<td class=\"hugin\" colspan=\"3\" \/>\n<td class=\"hugin\" colspan=\"2\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i30 hugin\"><strong>Same Property NOI without Termination Fees or Redevelopments<\/strong><\/td>\n<td class=\"gnw_border_bottom_double gnw_padding_right_none gnw_align_right hugin\">$<\/td>\n<td class=\"gnw_border_bottom_double gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin\">187,315<\/td>\n<td class=\"gnw_border_bottom_double gnw_padding_left_none gnw_align_left hugin\" \/>\n<td class=\"gnw_border_bottom_double gnw_padding_right_none gnw_align_right hugin\">162,660<\/td>\n<td class=\"gnw_border_bottom_double gnw_padding_left_none gnw_align_left hugin\" \/>\n<td class=\"gnw_align_right hugin\" \/>\n<td class=\"gnw_border_bottom_double gnw_padding_right_none gnw_align_right hugin\">$<\/td>\n<td class=\"gnw_border_bottom_double gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin\">752,604<\/td>\n<td class=\"gnw_border_bottom_double gnw_padding_left_none gnw_align_left hugin\" \/>\n<td class=\"gnw_border_bottom_double gnw_padding_right_none gnw_align_right hugin\">648,348<\/td>\n<td class=\"gnw_border_bottom_double gnw_padding_left_none gnw_align_left hugin\" \/><\/tr>\n<tr>\n<td class=\"gnw_align_right hugin\" \/>\n<td class=\"hugin\" colspan=\"3\" \/>\n<td class=\"hugin\" colspan=\"2\" \/>\n<td class=\"hugin\" \/>\n<td class=\"hugin\" colspan=\"3\" \/>\n<td class=\"hugin\" colspan=\"2\" \/><\/tr>\n<tr>\n<td class=\"gnw_align_right hugin\" \/>\n<td class=\"hugin\" colspan=\"3\" \/>\n<td class=\"hugin\" colspan=\"2\" \/>\n<td class=\"hugin\" \/>\n<td class=\"hugin\" colspan=\"3\" \/>\n<td class=\"hugin\" colspan=\"2\" \/><\/tr>\n<tr>\n<td class=\"gnw_align_left hugin\" colspan=\"12\">(1) Includes straight-line rental income and expense, net of reserves, above and below market rent amortization, other fees, and noncontrolling interests.<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_left hugin\" colspan=\"12\">(2) Includes non-NOI expenses incurred at our unconsolidated real estate partnerships, such as, but not limited to, straight-line rental income, above and below market rent amortization, depreciation and amortization, interest expense, and real estate gains and impairments.<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_left hugin\" colspan=\"12\">(3) Includes revenues and expenses attributable to Non-Same Property, Projects in Development, corporate activities, and noncontrolling interests.<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_right hugin\" \/>\n<td class=\"hugin\" colspan=\"3\" \/>\n<td class=\"hugin\" colspan=\"2\" \/>\n<td class=\"hugin\" \/>\n<td class=\"hugin\" colspan=\"3\" \/>\n<td class=\"hugin\" colspan=\"2\" \/><\/tr>\n<\/table>\n<p align=\"justify\">Reported results are preliminary and not final until the filing of the Company\u2019s Form 10-K with the SEC and, therefore, remain subject to adjustment.<\/p>\n<p align=\"justify\">The Company has published forward-looking statements and additional financial information in its fourth quarter 2021 supplemental package that may help investors estimate earnings. A copy of the Company\u2019s fourth quarter 2021 supplemental package will be available on the Company&#8217;s website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=zAdcNwS9E_VcBX857xTGplim-WTm0sr_KoQrZAAe_2gKdA67BTobhaYPmK62PGMcB3ejTZ37DviBqZn0USkynEAMj4eZ8p0hS8HAFbFr1JyfqtT-jxM_PSDoUSZLXbyf\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"investors.regencycenters.com\">investors.regencycenters.com<\/a> or by written request to: Investor Relations, Regency Centers Corporation, One Independent Drive, Suite 114, Jacksonville, Florida, 32202. The supplemental package contains more detailed financial and property results including financial statements, an outstanding debt summary, acquisition and development activity, investments in partnerships, information pertaining to securities issued other than common stock, property details, a significant tenant rent report and a lease expiration table in addition to earnings and valuation guidance assumptions. The information provided in the supplemental package is unaudited and includes non-GAAP measures, and there can be no assurance that the information will not vary from the final information in the Company\u2019s Form 10-K for the year-ended December 31, 2021. Regency may, but assumes no obligation to, update information in the supplemental package from time to time.<\/p>\n<p align=\"center\"><strong>About Regency Centers Corporation (Nasdaq: REG)<\/strong><\/p>\n<p align=\"justify\">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&amp;P 500 Index member. For more information, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=zvNti_6wUAxbrZhK9zVupz5EK0QCfQo5t7wx2kJ55UA1-QwnJnd0r4OYA5i_amgkHxD4aaXHrn0wVBhFFTnblnVmJ7NoDJqrko0OgdjRwiQ=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"RegencyCenters.com\">RegencyCenters.com<\/a>.<\/p>\n<p><strong>Non-GAAP Disclosure<\/strong><\/p>\n<p align=\"justify\">We believe these non-GAAP measures provide useful information to our Board of Directors, management and investors regarding certain trends relating to our financial condition and results of operations. Our management uses these non-GAAP measures to compare our performance to that of prior periods for trend analyses, purposes of determining management incentive compensation and budgeting, forecasting and planning purposes.<\/p>\n<p align=\"justify\">We do not consider non-GAAP measures an alternative to financial measures determined in accordance with GAAP, rather they supplement GAAP measures by providing additional information we believe to be useful to our shareholders. The principal limitation of these non-GAAP financial measures is they may exclude significant expense and income items that are required by GAAP to be recognized in our consolidated financial statements. In addition, they reflect the exercise of management\u2019s judgment about which expense and income items are excluded or included in determining these non-GAAP financial measures. In order to compensate for these limitations, reconciliations of the non-GAAP financial measures we use to their most directly comparable GAAP measures are provided. Non-GAAP financial measures should not be relied upon in evaluating the financial condition, results of operations or future prospects of the Company.<\/p>\n<p align=\"justify\">Nareit FFO is a commonly used measure of REIT performance, which the National Association of Real Estate Investment Trusts (\u201cNareit\u201d) defines as net income, computed in accordance with GAAP, excluding gains on sale and impairments of real estate, net of tax, plus depreciation and amortization, and after adjustments for unconsolidated partnerships and joint ventures. Regency computes Nareit FFO for all periods presented in accordance with Nareit&#8217;s definition. Since Nareit FFO excludes depreciation and amortization and gains on sales and impairments of real estate, it provides a performance measure that, when compared year over year, reflects the impact on operations from trends in percent leased, rental rates, operating costs, acquisition and development activities, and financing costs. This provides a perspective of the Company\u2019s financial performance not immediately apparent from net income determined in accordance with GAAP. Thus, Nareit FFO is a supplemental non-GAAP financial measure of the Company&#8217;s operating performance, which does not represent cash generated from operating activities in accordance with GAAP; and, therefore, should not be considered a substitute measure of cash flows from operations. The Company provides a reconciliation of Net Income Attributable to Common Stockholders to Nareit FFO.<\/p>\n<p align=\"justify\">Core Operating Earnings is an additional performance measure that excludes from Nareit FFO: (i) transaction related income or expenses; (ii) gains or losses from the early extinguishment of debt; (iii) certain non-cash components of earnings derived from above and below market rent amortization, straight-line rents, and amortization of mark-to-market of debt adjustments; and (iv) other amounts as they occur. The Company provides a reconciliation of Net Income to Nareit FFO to Core Operating Earnings.<\/p>\n<p align=\"justify\"><strong>Forward-Looking Statements<\/strong><\/p>\n<p align=\"justify\">Certain statements in this document regarding anticipated financial, business, legal or other outcomes including business and market conditions, outlook and other similar statements relating to Regency\u2019s future events, developments, or financial or operational performance or results such as our 2021 Guidance, are \u201cforward-looking statements\u201d made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are identified by the use of words such as \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201cexpect,\u201d \u201cestimate,\u201d \u201cbelieve,\u201d \u201cintend,\u201d \u201cforecast,\u201d \u201canticipate,\u201d \u201cguidance,\u201d and other similar language. However, the absence of these or similar words or expressions does not mean a statement is not forward-looking. While we believe these forward-looking statements are reasonable when made, forward-looking statements are not guarantees of future performance or events and undue reliance should not be placed on these statements. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance these expectations will be attained, and it is possible actual results may differ materially from those indicated by these forward-looking statements due to a variety of risks and uncertainties.<\/p>\n<p align=\"justify\">Our operations are subject to a number of risks and uncertainties including, but not limited to, those risk factors described in our SEC filings. When considering an investment in our securities, you should carefully read and consider these risks, together with all other information in our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and our other filings and submissions to the SEC. If any of the events described in the risk factors actually occur, our business, financial condition or operating results, as well as the market price of our securities, could be materially adversely affected. Forward-looking statements are only as of the date they are made, and Regency undertakes no duty to update its forward-looking statements except as required by law. These risks and events include, without limitation:<\/p>\n<p align=\"justify\"><strong>Risk Factors<\/strong><\/p>\n<p align=\"justify\"><em>Risk Factors Related to Pandemics or other Health Crises<\/em><\/p>\n<p align=\"justify\">Pandemics or other health crises, such as the COVID-19 pandemic, may adversely affect our tenants\u2019 financial condition, the profitability of our properties, and our access to the capital markets and could have a material adverse effect on our business, results of operations, cash flows and financial condition.<\/p>\n<p align=\"justify\"><em>Risk Factors Related to Operating Retail-Based Shopping Centers<\/em><\/p>\n<p align=\"justify\">Economic and market conditions may adversely affect the retail industry and consequently reduce our revenues and cash flow, and increase our operating expenses. Shifts in retail trends, sales, and delivery methods between brick and mortar stores, e-commerce, home delivery, and curbside pick-up may adversely impact our revenues and cash flows. Changing economic and retail market conditions in geographic areas where our properties are concentrated may reduce our revenues and cash flow. In addition, labor challenges and supply delays and shortages due to a variety of macroeconomic factors, including inflationary pressures, could affect the retail industry. Our success depends on the continued presence and success of our \u201canchor\u201d tenants. A significant percentage of our revenues are derived from smaller \u201cshop space\u201d tenants and our net income may be adversely impacted if our smaller shop tenants are not successful. We may be unable to collect balances due from tenants in bankruptcy. Many of our costs and expenses associated with operating our properties may remain constant or increase, even if our lease income decreases. Compliance with the Americans with the Disabilities Act and fire, safety and other regulations may have a negative effect on us.<\/p>\n<p align=\"justify\"><em>Risk Factors Related to Real Estate Investments<\/em><\/p>\n<p align=\"justify\">Our real estate assets may decline in value and be subject to impairment losses which may reduce our net income. We face risks associated with development, redevelopment and expansion of properties. We face risks associated with the development of mixed-use commercial properties. We face risks associated with the acquisition of properties. We may be unable to sell properties when desired because of market conditions. Changes in tax laws could impact our acquisition or disposition of real estate.<\/p>\n<p align=\"justify\"><em>Risk Factors Related to the Environment Affecting Our Properties<\/em><\/p>\n<p align=\"justify\">Climate change may adversely impact our properties directly, and may lead to additional compliance obligations and costs as well as additional taxes and fees. Geographic concentration of our properties makes our business more vulnerable to natural disasters, severe weather conditions and climate change. Costs of environmental remediation may impact our financial performance and reduce our cash flow.<\/p>\n<p align=\"justify\"><em>Risk Factors Related to Corporate Matters<\/em><\/p>\n<p align=\"justify\">An increased focus on metrics and reporting relating to environmental, social, and governance (\u201cESG\u201d) factors may impose additional costs and expose us to new risks. An uninsured loss or a loss that exceeds the insurance coverage on our properties may subject us to loss of capital and revenue on those properties. Failure to attract and retain key personnel may adversely affect our business and operations. The unauthorized access, use, theft or destruction of tenant or employee personal, financial or other data or of Regency\u2019s proprietary or confidential information stored in our information systems or by third parties on our behalf could impact our reputation and brand and expose us to potential liability and loss of revenues.<\/p>\n<p align=\"justify\"><em>Risk Factors Related to Our Partnerships and Joint Ventures<\/em><\/p>\n<p align=\"justify\">We do not have voting control over all of the properties owned in our co-investment partnerships and joint ventures, so we are unable to ensure that our objectives will be pursued. The termination of our partnerships may adversely affect our cash flow, operating results, and our ability to make distributions to stock and unit holders.<\/p>\n<p align=\"justify\"><em>Risk Factors Related to Funding Strategies and Capital Structure<\/em><\/p>\n<p align=\"justify\">Our ability to sell properties and fund acquisitions and developments may be adversely impacted by higher market capitalization rates and lower NOI at our properties which may dilute earnings. We depend on external sources of capital, which may not be available in the future on favorable terms or at all. Our debt financing may adversely affect our business and financial condition. Covenants in our debt agreements may restrict our operating activities and adversely affect our financial condition. Increases in interest rates would cause our borrowing costs to rise and negatively impact our results of operations. Hedging activity may expose us to risks, including the risks that a counterparty will not perform and that the hedge will not yield the economic benefits we anticipate, which may adversely affect us. The interest rates on our Unsecured Credit facilities as well as on our variable rate mortgages and interest rate swaps might change based on changes to the method in which LIBOR or its replacement rate is determined.<\/p>\n<p align=\"justify\"><em>Risk Factors Related to the Market Price for Our Securities<\/em><\/p>\n<p align=\"justify\">Changes in economic and market conditions may adversely affect the market price of our securities. There is no assurance that we will continue to pay dividends at historical rates.<\/p>\n<p align=\"justify\"><em>Risk Factors Relating to the Company\u2019s Qualification as a REIT<\/em><\/p>\n<p align=\"justify\">If the Company fails to qualify as a REIT for federal income tax purposes, it would be subject to federal income tax at regular corporate rates. Dividends paid by REITs generally do not qualify for reduced tax rates. Certain foreign stockholders may be subject to U.S. federal income tax on gain recognized on a disposition of our common stock if we do not qualify as a \u201cdomestically controlled\u201d REIT. Legislative or other actions affecting REITs may have a negative effect on us. Complying with REIT requirements may limit our ability to hedge effectively and may cause us to incur tax liabilities.<\/p>\n<p align=\"justify\"><em>Risk Factors Related to the Company\u2019s Common Stock<\/em><\/p>\n<p align=\"justify\">Restrictions on the ownership of the Company\u2019s capital stock to preserve its REIT status may delay or prevent a change in control. The issuance of the Company&#8217;s capital stock may delay or prevent a change in control. Ownership in the Company may be diluted in the future.<\/p>\n<p align=\"left\">Christy McElroy<br \/>904 598 7616<br \/>ChristyMcElroy@regencycenters.com<\/p>\n<\/p>\n<p><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-src=\"https:\/\/ml.globenewswire.com\/media\/MGQzYTliM2EtNWYzNC00MGE5LTlhZDctY2Q5ZDI3ZmVlYjg4LTEwMjIwOTk=\/tiny\/Regency-Centers-Corporation.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"justify\">JACKSONVILLE, Fla., Feb. 10, 2022 (GLOBE NEWSWIRE) &#8212; Regency Centers Corporation (\u201cRegency\u201d or the \u201cCompany\u201d) (Nasdaq:REG) today reported financial and operating results for the period ended December 31, 2021.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/5376"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=5376"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/5376\/revisions"}],"predecessor-version":[{"id":5382,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/5376\/revisions\/5382"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=5376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=5376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=5376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}