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, operates 408 shopping centers with more than 54 million square feet of leasable space. Regency’s portfolio focuses on 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. About 46% of the company’s gross leasable area is in California and Florida. Approximately 44% of annual base rents are from anchor stores and 56% are from small shops. The stock is included in the S&P 500 Index. The company’s market cap is just under $10 billion.
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