REGENCY CENTERS CORP
For the period ended Jun 30, 2025. Filed Aug 4, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 4, 2025
REG$74.84-1.9%Stored close · as of Nov 6, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2025-03-31; filed 2025-05-02.
0000950170-25-062596
Item 2. Management's Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2025-06-30; filed 2025-08-04.
0000950170-25-101867
Item 2. Management's Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 249 previous paragraphs and 325 current paragraphs.
160 unchanged; 79 reworded; 65 added; 7 removed; 3 previous and 21 current paragraphs rearranged.
Tables are not compared: 24 previous and 28 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (65)
Current report
During the six months ended June 30, 2025:
Current report
On May 13, 2025, the Company issued $400 million of senior unsecured notes due 2032, at a par value of 99.279% and a coupon of 5.0% (the "2025 Notes").
Current report
In July 2025, in connection with the acquisition of five operating properties, the Company issued 2,773,087 exchangeable operating partnership units and assumed $150 million of secured mortgage debt with a weighted average interest rate of 4.2% and an average remaining term of approximately 12 years.
Current report
Total lease income increased by $21.3 million primarily due to the following:
Current report
$12.9 million increase from billable Base rent, mainly from the following:
Current report
$10.8 million net increase from same properties, including:
Current report
$7.0 million net increase due to increases from occupancy, contractual rent steps in existing leases, and positive rental spreads on new and renewal leases;
Current report
$3.1 million increase due to redevelopment projects becoming operational; and
Current report
$0.7 million increase related to our acquisition of the remaining ownership interest in and resulting consolidation of an operating property previously held in an unconsolidated real estate partnership;
Current report
$5.7 million increase primarily due to higher operating costs and higher recovery rates due to increased occupancy in the current quarter; and
Current report
$1.7 million increase in Straight-line rent mainly due to timing and degree of contractual rent steps and new lease commencements within same properties partially offset by
Current report
$1.7 million decrease in Above/below market rent amortization, net primarily due to decrease from same properties driven by accelerated below market rent amortization in the prior quarter due to the timing of tenant terminations.
Current report
Other property income increased by $1.8 million primarily due to an increase in business interruption proceeds received in 2025.
Current report
Depreciation and amortization costs decreased by $1.4 million, mainly due to the following:
Current report
$3.4 million decrease from same properties mainly driven by the timing of capital expenditures being placed in service within our redevelopment projects; partially offset by
Current report
$2.0 million increase from acquisitions of operating properties and development properties becoming available for occupancy.
Current report
Property operating expense increased by $1.3 million, mainly due to higher recoverable common area maintenance and other tenant-related costs at same properties.
Current report
General and administrative costs increased by $1.2 million, mainly due to the following:
Current report
$2.5 million increase in compensation costs primarily driven by performance-based incentive compensation;
Current report
$1.1 million increase primarily attributable to higher costs in business promotion and donation; partially offset by
Current report
Other operating expenses decreased by $1.1 million, mainly due to the phase-out of transition costs incurred in 2024 related to the acquisition of Urstadt Biddle Properties ("UBP").
Current report
Provision for impairment of real estate of $1.3 million was recognized in the three months ended June 30, 2025 related to the sale of one operating property and one property that was held for sale as of June 30, 2025 and subsequently sold in July 2025
Current report
There were no significant changes in Net investment income.
Current report
There were no significant changes in Income attributable to noncontrolling interests, Preferred stock dividends, and Net income attributable to exchangeable operating partnership units.
Current report
Results of Operations
Current report
Comparison of the six months ended June 30, 2025 and 2024:
Current report
Lease income increased by $39.2 million primarily due to the following:
Current report
$1.4 million increase related to our acquisition of the remaining ownership interest in and resulting consolidation of a property previously held in an unconsolidated real estate partnership;
Current report
$1.1 million decrease in Uncollectible lease income primarily driven by higher collection rates in the current period.
Current report
$1.7 million increase in Straight-line rent mainly due to timing and degree of contractual rent steps and new lease commencements.
Current report
There were no significant changes in Other property income, and Management, transaction, and other fees.
Current report
Depreciation and amortization decreased by $2.2 million mainly due to the following:
Current report
$5.5 million decrease from same properties primarily driven by acquired lease intangibles becoming fully amortized;
Current report
$0.4 million decrease from dispositions of operating properties; partially offset by
Current report
$3.7 million increase from acquisitions of operating properties and development properties becoming available for occupancy.
Current report
$0.8 million increase in acquisitions of operating properties and development properties.
Current report
$3.3 million increase in compensation costs primarily driven by performance-based incentive compensation; and
Current report
$0.4 million increase in other general and administrative expenses.
Current report
Other operating expenses decreased by $2.1 million, mainly due to the $4.7 million of transition costs incurred in 2024 related to the UBP acquisition, partially offset by increases in environmental reserve costs and development pursuit costs.
Current report
$1.4 million change in Capitalized interest is based on the timing and progress of our development and redevelopment projects.
Showing the first 40 of 65 passages. Open the source sections for the rest.
Removed paragraphs (7)
Previous report
Lease income increased by $18.0 million primarily due to the following:
Previous report
There were no significant changes in Depreciation and amortization.
Previous report
There were no significant changes in Other operating expenses.
Previous report
There were no sales of real estate in 2025 compared to one operating property in 2024 for proceeds of $30.0 million.
Previous report
During 2025, we distributed $3.5 million to limited partners, including proceeds to partially redeem a non-controlling interest in one real estate partnership, compared to $4.4 million in 2024.
Previous report
We had $122.0 million in net repayments on our Line,
Previous report
$7.6 million for repaying one mortgage loan ahead of maturity,
Reworded paragraphs (79)
Previous wording
We are a preeminent national owner, operator, and developer of neighborhood and community shopping centers predominantly located in suburban trade areas with compelling demographics. As of March 31, 2025, we had full or partial ownership interests in 483 retail properties. Our properties are high-quality neighborhood and community shopping centers primarily anchored by market leading grocers and principally located in suburban markets within the country's most desirable metro areas, and contain approximately 57.7 million square feet ("SF") of gross leasable area ("GLA"). Our mission is to create thriving environments for retailers and service providers to connect with surrounding neighborhoods and communities. Our vision is to elevate quality of life as an integral thread in the fabric of our communities. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect with their neighborhoods, communities, and customers.
Current wording
We are a preeminent national owner, operator, and developer of neighborhood and community shopping centers predominantly located in suburban trade areas with compelling demographics. As of June 30, 2025, we had full or partial ownership interests in 483 retail properties. Our properties are high-quality neighborhood and community shopping centers primarily anchored by market leading grocers and principally located in suburban markets within the country's most desirable metro areas, and contain approximately 57.6 million square feet ("SF") of gross leasable area ("GLA"). Our mission is to create thriving environments for retailers and service providers to connect with surrounding neighborhoods and communities. Our vision is to elevate quality of life as an integral thread in the fabric of our communities. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect with their neighborhoods, communities, and customers.
Previous wording
During the three months ended March 31, 2025, we had Net income attributable to common shareholders of $106.2 million as compared to $106.4 million during the three months ended March 31, 2024.
Current wording
During the six months ended June 30, 2025, we had Net income attributable to common shareholders of $208.8 million as compared to $205.6 million during the six months ended June 30, 2024.
Previous wording
Our Pro-rata same property NOI, excluding termination fees, grew 4.3%, as compared to the three months ended March 31, 2024, primarily attributable to improvements in base rent from increases in year over year occupancy rates, contractual rent steps in existing leases, and positive rent spreads on comparable new and renewal leases.
Current wording
Our Pro-rata same property NOI, excluding termination fees, grew 5.8%, as compared to the six months ended June 30, 2024, primarily attributable to improvements in base rent from increases in year over year occupancy rates, contractual rent steps in existing leases, and positive rent spreads on comparable new and renewal leases.
Previous wording
We executed 450 new and renewal leasing transactions representing 1.4 million Pro-rata SF with positive rent spreads of 8.1% during the three months ended March 31, 2025, compared to 461 leasing transactions representing 2.0 million Pro-rata SF with positive rent spreads of 8.5% during the three months ended March 31, 2024. Rent spreads are calculated on all executed leasing transactions for comparable Retail Operating Property spaces, including spaces vacant greater than 12 months.
Current wording
We executed 944 new and renewal leasing transactions representing 3.2 million Pro-rata SF with positive rent spreads of 9.1% during the six months ended June 30, 2025, compared to 984 leasing transactions representing 4.1 million Pro-rata SF with positive rent spreads of 8.9% during the six months ended June 30, 2024. Rent spreads are calculated on all executed leasing transactions for comparable Retail Operating Property spaces, including spaces vacant greater than 12 months.
Previous wording
At March 31, 2025, December 31, 2024, and March 31, 2024 our total property portfolio was 96.3%, 96.3%, and 95.0% leased, respectively. At March 31, 2025, December 31, 2024, and March 31, 2024 our same property portfolio was 96.5%, 96.5%, and 95.5% leased, respectively.
Current wording
At June 30, 2025, December 31, 2024, and June 30, 2024 our total property portfolio was 96.2%, 96.3%, and 95.0% leased, respectively. At June 30, 2025, December 31, 2024, and June 30, 2024 our same property portfolio was 96.5%, 96.5%, and 95.5% leased, respectively.
Previous wording
Estimated Pro-rata project costs of our current in process development and redevelopment projects totaled $498.5 million at March 31, 2025, compared to $497.3 million at December 31, 2024.
Current wording
Estimated Pro-rata project costs of our current in process development and redevelopment projects totaled $517.7 million at June 30, 2025, compared to $497.3 million at December 31, 2024.
Previous wording
Development and redevelopment projects completed during the three months ended March 31, 2025 represented $5.3 million of estimated net project costs, with an average stabilized yield of 52.5%. A stabilized yield for development and redevelopment projects represents the incremental NOI (estimated stabilized NOI less NOI prior to project commencement) divided by the total project costs.
Current wording
Development and redevelopment projects completed during the six months ended June 30, 2025 represented $26.6 million of estimated net project costs, with an average stabilized yield of 17.7%. A stabilized yield for development and redevelopment projects represents the incremental NOI (estimated stabilized NOI less NOI prior to project commencement) divided by the total project costs.
Previous wording
We have $430.3 million of loans maturing during the next 12 months, including Regency's pro-rata share of maturities within our unconsolidated real estate partnerships, which we intend to refinance or pay-off as they mature.
Current wording
We have $556.4 million of loans maturing during the next 12 months, including Regency's pro-rata share of maturities within our unconsolidated real estate partnerships, which we intend to refinance or pay-off as they mature.
Previous wording
At March 31, 2025, we had $1.22 billion available on the Line, which expires on March 23, 2028 unless we exercise the available options to extend the expiration for two additional six-month periods, in which case the term will be extended in accordance with any such option exercise.
Current wording
At June 30, 2025, we had $1.46 billion available on the Line, which expires on March 23, 2028 unless we exercise the available options to extend the expiration for either or both of two additional consecutive six-month periods, in which case the term will be extended in accordance with any such option exercise.
Previous wording
The weighted-average base rent PSF on signed Shop Space leases during 2025 was $40.98 PSF, which is higher than the weighted average annual base rent PSF of all Shop Space leases due to expire during the next 12 months of $36.13 PSF. New and renewal rent spreads, compared to prior rents on these same spaces leased, were positive at 8.1% for the three months ended March 31, 2025, compared to 8.5% for the three months ended March 31, 2024.
Current wording
The weighted-average base rent PSF on signed Shop Space leases during 2025 was $41.00 PSF, which is higher than the weighted average annual base rent PSF of all Shop Space leases due to expire during the next 12 months of $36.49 PSF. New and renewal rent spreads, compared to prior rents on these same spaces leased, were positive at 9.1% for the six months ended June 30, 2025, compared to 8.9% for the six months ended June 30, 2024.
Previous wording
We recognize that current economic conditions including, but not limited to, the potential impacts of tariffs and trade deals, inflation, cost and availability of labor, including potential labor shortages related to deportations or threat of deportations, increasing energy prices and interest rates, supply chain disruptions, and access to and cost of credit have introduced additional macroeconomic uncertainty. These economic conditions could place further financial strain on retailers by raising costs and compressing margins. The potential for a recession and the severity and duration of any economic downturn could negatively impact our existing tenants and their ability to continue to meet their lease obligations.
Current wording
We recognize that current economic conditions including, but not limited to, the potential impacts of tariffs and trade deals, inflation, cost and availability of labor, including potential labor shortages related to deportations or threat of deportations, increasing energy prices and interest rates, supply chain disruptions, access to and cost of credit, and new tax and regulatory changes have introduced additional macroeconomic uncertainty. These economic conditions could place further financial strain on retailers by raising costs and compressing margins. The potential for a recession and the severity and duration of any economic downturn could negatively impact our existing tenants and their ability to continue to meet their lease obligations.
Previous wording
Although base rent is derived from long-term lease contracts, tenants that file for bankruptcy generally have the legal right to reject any or all of their leases and close related stores. Any unsecured claim we hold against a bankrupt tenant for unpaid rent might be paid only to the extent that funds are available and only in the same percentage as is paid to all other holders of unsecured claims. As a result, in a tenant bankruptcy situation it is likely that we would recover substantially less than the full value of any unsecured claims we hold. Additionally, we may incur significant expense to adjudicate our claim and significant downtime to re-lease the vacated space. In the event that a tenant with a significant number of leases in our shopping centers files for bankruptcy and rejects its leases, we could experience a significant reduction in our revenues. At March 31, 2025, the tenants who are currently in bankruptcy and which continue to occupy space in our shopping centers represent an aggregate of 0.9% of our Pro-rata annual base rent with no single tenant exceeding 0.5% of Pro-rata annual base rent.
Current wording
Although base rent is derived from long-term lease contracts, tenants that file for bankruptcy generally have the legal right to reject any or all of their leases and close related stores. Any unsecured claim we hold against a bankrupt tenant for unpaid rent might be paid only to the extent that funds are available and only in the same percentage as is paid to all other holders of unsecured claims. As a result, in a tenant bankruptcy situation it is likely that we would recover substantially less than the full value of any unsecured claims we hold. Additionally, we may incur significant expense to adjudicate our claim and significant downtime to re-lease the vacated space. In the event that a tenant with a significant number of leases in our shopping centers files for bankruptcy and rejects its leases, we could experience a significant reduction in our revenues. At June 30, 2025, the tenants who are currently in bankruptcy and which continue to occupy space in our shopping centers represent an aggregate of 0.3% of our Pro-rata annual base rent.
Previous wording
$1.1 million increase from acquisitions of operating properties in 2025 as compared to 2024 activity; and
Current wording
$1.8 million increase from acquisitions of operating properties in 2025 as compared to 2024 activity; and
Previous wording
$1.3 million decrease due to dispositions of operating properties.
Current wording
$0.7 million decrease due to dispositions of operating properties.
Previous wording
$6.5 million increase from contractual Recoveries from tenants which represents their proportionate share of the operating, maintenance, insurance, and real estate tax expenses that we incur to operate our shopping centers. Recoveries from tenants increased, mainly from the following:
Current wording
$6.7 million increase from contractual Recoveries from tenants which represents their proportionate share of the operating, maintenance, insurance, and real estate tax expenses that we incur to operate our shopping centers. Recoveries from tenants increased, mainly from the following:
Previous wording
Real estate taxes increased by $2.1 million, mainly due to increases in real estate tax assessments across the same property portfolio.
Current wording
Real estate taxes increased by $2.0 million, mainly due to increases in real estate tax assessments across the same property portfolio.
Previous wording
$2.0 million change in overhead capitalization driven by variability in the number, timing and progress of our development and redevelopment projects.
Current wording
$2.0 million higher overhead capitalization driven by variability in the number, timing and progress of our development and redevelopment projects.
Previous wording
Interest expense, net increased by $5.1 million primarily due to the following:
Current wording
Interest expense, net, increased by $7.1 million primarily due to the following:
Previous wording
$2.7 million increase in Interest on notes payable is primarily due to new net public debt issuances totaling $475.0 million in 2024; and
Current wording
$4.2 million increase in Interest on notes payable is primarily due to new net public debt issuances in 2025 and 2024;
Previous wording
$1.3 million decrease in interest income primarily due to maintaining higher levels of excess cash in short term investments in the comparative prior period.
Current wording
$2.7 million decrease in interest income primarily due to maintaining higher levels of excess cash in short term investments in the comparative prior period.
Previous wording
During the three months ended March 31, 2024, we recognized gains on sale of $11.4 million mainly from sale of one operating property and recognition of one sales-type lease.
Current wording
During the three months ended June 30, 2024, we recognized gains on sale of $11.1 million mainly from the sale of two operating properties and recognition of one sales-type lease.
Previous wording
$10.4 million increase in Base rent, mainly driven by the following:
Current wording
$23.3 million increase in Base rent, mainly driven by the following:
Previous wording
$9.7 million increase resulting from same properties, including:
Current wording
$20.5 million increase resulting from same properties, including:
Previous wording
$7.4 million increase due to increases from occupancy, rent steps in existing leases, and positive rental spreads on new and renewal leases; and
Current wording
$13.6 million increase due to increases from occupancy, contractual rent steps in existing leases, and positive rental spreads on new and renewal leases;
Previous wording
$2.3 million increase due to redevelopment projects that commenced operations;
Current wording
$5.5 million increase due to redevelopment projects that commenced operations; and
Previous wording
$5.9 million increase primarily due to higher operating costs and increased occupancy in the current year; and
Current wording
$11.7 million increase primarily due to higher operating costs and higher recovery rates due to increased occupancy in the current year; and
Previous wording
$0.8 million increase driven by the acquisition of operating properties in 2025 as compared to 2024, and rent commencements at development properties; partially offset by
Current wording
$1.8 million increase driven by the acquisition of operating properties in 2025 as compared to 2024, and lease commencements at development properties; partially offset by
Previous wording
$0.2 million decrease due to disposition of operating properties.
Current wording
$0.3 million decrease due to disposition of operating properties.
Previous wording
Property operating expense increased by $5.2 million, mainly due to the following:
Current wording
Property operating expense increased by $6.5 million, mainly due to the following:
Previous wording
$3.6 million increase from same properties primarily attributable to higher recoverable common area maintenance and other tenant-related costs; and
Current wording
$4.4 million increase from same properties primarily attributable to higher recoverable common area maintenance and other tenant-related costs;
Previous wording
$1.1 million increase is attributable to property damage losses resulting from a variety of events.
Current wording
$1.3 million increase is attributable to property damage losses resulting from a variety of events; and
Previous wording
General and administrative costs decreased by $4.5 million mainly due to the following:
Current wording
General and administrative costs decreased by $3.3 million mainly due to the following:
Previous wording
$2.6 million decrease due to changes in the fair value of participant obligations within the deferred compensation plan, which were attributable to changes in the fair values of those investments recognized in Net investment loss (income); and
Current wording
$2.9 million decrease due to changes in the fair value of participant obligations within the deferred compensation plan, which were attributable to changes in the fair values of those investments recognized in Net investment income;
Previous wording
$1.5 million increase in Interest on unsecured credit facilities is primarily due to a higher weighted average outstanding balance under our Line coupled with incrementally higher weighted average contractual interest rates; partially offset by
Current wording
$2.5 million increase in Interest on unsecured credit facilities is primarily due to a higher weighted average outstanding balance and higher average interest rates under our Line;
Previous wording
Net investment loss (income) changed by $3.2 million driven by market volatility during the current quarter, including $2.6 million on investments held in the non-qualified deferred compensation plan and $0.6 million related to other corporate investments.
Current wording
Net investment income decreased by $3.1 million primarily driven by market volatility during the current period, including a $2.9 million decrease in returns on investments held in the non-qualified deferred compensation plan and a $0.2 million decrease in returns related to other corporate investments.
Previous wording
Equity in income of investments in real estate partnerships increased by $2.5 million mainly due to increases from occupancy and positive rental spreads on new and renewal leases at properties held in the unconsolidated real estate partnerships.
Current wording
Equity in income of investments in real estate partnerships increased by $4.0 million mainly due to increases in operating income driven from increased occupancy and positive rental spreads on new and renewal leases at properties held in the unconsolidated real estate partnerships.
Previous wording
Total real estate revenue increased by $17.1 million, on a net basis, as follows:
Current wording
Total real estate revenue increased by $21.6 million and $38.6 million, on a net basis, during the three and six months ended June 30, 2025 and 2024, respectively, as follows:
Previous wording
Base rent increased by $10.3 million due to rent steps in existing leases, positive rental spreads on new and renewal leases, and increases in occupancy, as well as redevelopment projects completing and operating.
Current wording
Base rent increased by $11.5 million and $21.8 million during the three and six months ended June 30, 2025 and 2024, respectively, due to contractual rent steps in existing leases, positive rental spreads on new and renewal leases, and increases in occupancy, as well as redevelopment projects completing and operating.
Previous wording
Recoveries from tenants increased by $6.3 million due to higher recoverable expenses and increased occupancy.
Current wording
Recoveries from tenants increased by $6.3 million and $12.6 million during the three and six months ended June 30, 2025 and 2024, respectively, due to higher recoverable expenses and increased occupancy.
Previous wording
Percentage rent decreased $1.1 million due to fluctuations in tenant sales.
Current wording
Percentage rent increased by $1.0 million during the three months ended June 30, 2025 due to fluctuations in tenant sales.
Showing the first 40 of 79 pairs. Open the source sections for the rest.
Rearranged current paragraphs (21)
Current report — wording carried from elsewhere
$1.0 million increase driven by the acquisition of operating properties in 2025 as compared to 2024, and rent commencements at development properties.
Current report — wording carried from elsewhere
Other expense, net are summarized in the following table:
Current report — wording carried from elsewhere
$1.0 million increase in Interest on unsecured credit facilities is primarily due to a higher weighted average outstanding balance and higher average interest rates under our Line; and
Current report — wording carried from elsewhere
Equity in income of investments in real estate partnerships increased $1.4 million mainly due to increases in operating income driven from increased occupancy and positive rental spreads on new and renewal leases at properties held in the unconsolidated real estate partnerships.
Current report — wording carried from elsewhere
Changes in revenues are summarized in the following table:
Current report — wording carried from elsewhere
$3.0 million increase from acquisitions of operating properties in 2025 as compared to 2024 activity; and
Current report — wording carried from elsewhere
$1.8 million increase from rent commencements at completed development properties; partially offset by
Current report — wording carried from elsewhere
$1.9 million decrease due to dispositions of operating properties.
Current report — wording carried from elsewhere
$13.2 million increase from contractual Recoveries from tenants which represents their proportionate share of the operating, maintenance, insurance, and real estate tax expenses that we incur to operate our shopping centers. Recoveries from tenants increased, mainly from the following:
Current report — wording carried from elsewhere
Changes in our operating expenses are summarized in the following table:
Current report — wording carried from elsewhere
Real estate taxes increased by $4.1 million, mainly due to increases in real estate tax assessments across the same property portfolio.
Current report — wording carried from elsewhere
$4.1 million decrease due to higher overhead capitalization driven by variability in the number, timing and progress of our development and redevelopment projects; partially offset by
Current report — wording carried from elsewhere
Interest expense, net increased by $12.2 million primarily due to the following:
Current report — wording carried from elsewhere
$6.9 million increase in Interest on notes payable is primarily due to new net public debt issuances in 2025 and 2024;
Current report — wording carried from elsewhere
$4.0 million decrease in Interest income primarily due to maintaining higher levels of excess cash in short term investments in the comparative prior period; partially offset by
Current report — wording carried from elsewhere
The following represents the remaining components that comprise Net income attributable to common shareholders and unit holders:
Current report — wording carried from elsewhere
We have historically generated sufficient cash flows from operations to fund our dividend distributions. During the six months ended June 30, 2025 and 2024, we generated cash flows from operations of $405.1 million and $371.2 million, respectively, and paid $263.8 million and $255.4 million in dividends to our common stock, preferred stock and unit holders.
Current report — wording carried from elsewhere
During 2024, we invested approximately $90 million in commercial deposits from the proceeds received from the January 2024 public offering of senior unsecured notes. These commercial deposits were subsequently settled at maturity during the second quarter of 2024.
Current report — wording carried from elsewhere
We received $397.1 million in proceeds from issuing unsecured public debt,
Current report — wording carried from elsewhere
We paid $3.8 million in loan costs relating to the unsecured public debt offering.
Current report — wording carried from elsewhere
$88.1 million for repaying three mortgage loans at maturity, and
Rearranged previous paragraphs (3)
Previous report — wording carried elsewhere
During the three months ended March 31, 2025:
Previous report — wording carried elsewhere
$1.1 million decrease in Percentage rent due to fluctuations in tenant sales.
Previous report — wording carried elsewhere
Net cash provided by financing activities: