Summary
Regency Centers Corp. is one of the largest U.S. owners, operators and developers of shopping centers. Headquartered in Jacksonville, Florida, the company, including joint ventures and the recent acquisition of Urstadt Biddle, operates about 420 shopping centers with almost 70 million square feet of gross leasable space. Regency’s portfolio focuses on open-air properties in urban and first-ring suburban areas with high trade and traffic. Eighty percent of Regency’s shopping centers are anchored by major grocery store chains, such as Kroger and Publix. Anchors also include retailers TJ Maxx and Petco. Prior to recent acquisitions, which added assets in the New York metro region, about half of the company’s portfolio was in California and Florida. At the end of 1H24, after the acquisition, California properties are about 15% of the REIT’s property count and NY/NJ/CT properties are about 24
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