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Regency Centers . Third Quarter 2021 Highlights Regency Centers Reports Third Quarter 2021 Results JACKSONVILLE , FL ( November 4 , 2021 ) - Regency Centers Corporation ( " Regency " or the " Company " ) ( Nasdaq : REG ) today reported financial and operating results for the period ended September 30 , 2021 . For the three months ended September 30 , 2021 , Net Income was $ 0.69 per diluted share , compared to $ 0.07 per diluted share for the three months ended September 30 , 2020 . ● ● ● ● ● ● NEWS RELEASE For immediate release ● Christy McElroy 904 598 7616 Christy McElroy@regencycenters.com ● Reported Nareit FFO of $ 1.12 per diluted share for the third quarter Updated 2021 Nareit FFO guidance to a range of $ 3.93 - $ 3.97 per diluted share Reported that Same Property Net Operating Income ( " NOI " ) , excluding lease termination fees , increased 24.4 % during the third quarter over the same period a year ago Subsequent Highlights On November 2 , 2021 , Regency's Board of Directors ( the " Board " ) declared a quarterly cash dividend on the Company's common stock of $ 0.625 per share , an increase of 5 % from the prior quarterly dividend Increased percent leased by 90 basis points sequentially to 93.8 % in the Same Property portfolio as of September 30 , 2021 Collected 98 % of third quarter pro - rata billed base rent , as of November 1 , 2021 Executed 2.0 million square feet of comparable new and renewal leases during the third quarter at a blended rent spread of + 5.1 % Completed property dispositions of $ 47 million , at Regency's share of gross sales price Completed the acquisition of its partner's 80 % interest in the seven - property USAA Joint Venture ( " USAA JV " ) portfolio for $ 178 million Achieved pro - rata net debt - to - operating EBITDAre of 5.0x at September 30 , 2021 The Company is currently under contract to acquire Blakeney Shopping Center in South Charlotte , North Carolina , for $ 181 million , with the transaction expected to close in the fourth quarter " We are very pleased with another quarter of solid results and continued improvement in operating trends , further accelerating our path to recovery . The dividend increase reflects our confidence in the recovery of NOI and balance sheet strength to pre - pandemic levels , as well as a return to sustained growth over the long term , " said Lisa Palmer , President and Chief Executive Officer . " We remain committed to maximizing cash flow growth while enhancing portfolio value within our development pipeline and in our pursuit of additional accretive investment opportunities . "