Regency Centers Provides COVID-19 Business Update

JACKSONVILLE, Fla. , June 01, 2020 (GLOBE NEWSWIRE) -- Regency Centers Corporation (“Regency” or the “Company”) (NASDAQ:REG) today provided a business update related to COVID-19, including an update on rent collections for April and May.

As of May 31, 2020, approximately 75% of Regency’s tenants were open based on pro-rata Annual Base Rent (“ABR”), and the Company had collected 68% and 58% of April and May pro-rata base rent, respectively.

April and May Rent Collections (As of May 31, 2020)
Type*	Tenant Categories	% of Total ABR		April Base Rent Collected		May Base Rent Collected
Essential - Retail/Services	Grocers, drugstores, mass merchandisers, banks, pet stores, office supplies, medical, etc.	43	%	95	%	92	%
Essential - Restaurants		19	%	54	%	42	%
Quick Service	Fast food, QSRs, limited service	12	%	59	%	48	%
Full Service	Casual dining, table service, fine dining	7	%	45	%	31	%
Other Retail/Services	Soft goods, Personal Service, professional service, fitness, other	38	%	44	%	28	%
Total Portfolio		100	%	68	%	58	%
* Essential retailers defined as those that supply or provide consumers and essential businesses with any basic necessary goods and services; definition varies across municipalities.

For further details, please refer to the Company’s COVID-19 Business Update June 2020 presentation that can be found on its website at Investors.regencycenters.com.