Regency Centers Corporation · NASDAQ:REG
Regency Centers — Citi 2017 Global Property CEO Conference
11 slides from Regency Centers's conference presentation, Mar 6, 2017
Slide 1: Citi 2017 Global Property CEO Conference
March 2017 Citi 2017 Global Property CEO Conference Exhibit 99.1
Slide 2: Disclaimer: Cautionary Statement Regarding Forward-Looking Information
Disclaimer Cautionary Statement Regarding Forward-Looking Information The information presented herein may contain forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 giving Regency’s expectations or predictions of future financial or business perfor
Slide 3: Strategic Benefits of the Merger
Positive financial impact while maintaining balance sheet strength Powerful national shopping center platform provides for sizeable scale benefits including operational efficiencies and relative cost of capital Best-in-class capabilities position Regency to harvest value creation opportunities from
Slide 4: Regency Today: A Leading Shopping Center REIT
Regency Today: A Leading Shopping Center REIT 429 assets encompassing 57M square feet $20.34 total ABR per sq. ft. 78% grocery-anchored with 75% top-tier grocers1 135,000 average trade area population (3-mile) $105,000 average household income (3-mile) Attractive metro markets: Southern California,
Slide 5: Unequaled National Portfolio with Attractive Demographics
Unequaled National Portfolio with Attractive Demographics Note: Statistics based on weighted average ABR as of 12/31/16 and includes 100% of co-investment partnerships. Demographics provided based on a 3-mile radius.
Slide 6: Strong Momentum in 2017 from Compelling 2016 Results
Strong Momentum in 2017 from Compelling 2016 Results 2016 Financial and Operating Results Financial Same property NOI growth2 Core FFO per share growth 3.5% 8.2% Operating % leased (all) % leased (shops) ABR PSF3 Rental rate growth - Total Rental rate growth - New Rental rate growth - Renewal 95.4%
Slide 7: Regency's Disciplined Approach to Development Grows NAV
Regency’s Disciplined Approach to Development Grows NAV Overview Located just south of San Francisco in Daly City, the largest city in San Mateo county 895,438 sq. ft. anchored by Target, JCPenney, Macy's, and Dick's Sporting Goods Status Project stabilization in 2018 Total project costs of ~$110M y
Slide 8: National Platform Positioned to Unlock Upside Through Redevelopment
Regency’s National Platform is Positioned to Unlock Meaningful Upside Through Redevelopment Overview Situated on 22 acres in one of the most affluent areas in DC Metro area 467,000 sq. ft. outdated center and ancillary buildings anchored by highly productive Giant Eagle supermarket Opportunity Count
Slide 9: Operational and Cost Saving Benefits Provided by Scale
Operational and Cost Saving Benefits Provided by Scale Operational efficiency vs. peers (G&A % of gross asset value) Expected ~$27M of annual operational and cost saving benefits by year-end 2017: Company level / corporate redundancies Operating system redundancies Added approximately 50 total emplo
Slide 10: Experienced and Deep Management Team
Experienced and Deep Management Team
Slide 11: Fortress Balance Sheet to Support Growth
Net debt / LTM EBITDA2 5.0x LTM fixed charge coverage2 4.4x Unencumbered assets to gross real estate assets3 78.0% Secured debt / gross assets4 7.5% Net debt / gross assets4 31.6% Fortress Balance Sheet to Support Growth Note: Data as of 12/31/16 pro forma for subsequent events; Includes co-investme
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