Regency Centers (REG) 10-Q 5 Aug 22 2022 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2022	Aug. 04, 2022
Document Information [Line Items]
Entity Registrant Name	REGENCY CENTERS CORPORATION
Entity Central Index Key	0000910606
Document Type	10-Q
Document Period End Date	Jun. 30, 2022
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Trading Symbol	REG
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		171,116,018
Entity File Number	1-12298
Entity Tax Identification Number	59-3191743
Entity Address, Address Line One	One Independent Drive
Entity Address, Address Line Two	Suite 114
Entity Address, City or Town	Jacksonville
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	32202
City Area Code	904
Local Phone Number	598-7000
Title of 12(b) Security	Common Stock, $.01 par value
Security Exchange Name	NASDAQ
Document Quarterly Report	true
Document Transition Report	false
Entity Incorporation, State or Country Code	FL
Partnership Interest [Member]
Document Information [Line Items]
Entity Registrant Name	REGENCY CENTERS, L.P.
Entity Central Index Key	0001066247
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity File Number	0-24763
Entity Tax Identification Number	59-3429602
Entity Address, Address Line One	One Independent Drive
Entity Address, Address Line Two	Suite 114
Entity Address, City or Town	Jacksonville
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	32202
City Area Code	904
Local Phone Number	598-7000
Document Quarterly Report	true
Document Transition Report	false
Entity Incorporation, State or Country Code	DE

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Real Estate Investment Property, at Cost [Abstract]
Real estate assets, at cost	$ 11,762,300	$ 11,495,581
Less: accumulated depreciation	2,301,183	2,174,963
Real estate assets, net	9,461,117	9,320,618
Investments in real estate partnerships	330,887	372,591
Properties held for sale	2,354	25,574
Cash, cash equivalents, and restricted cash, including $3,128 and $1,930 of restricted cash at June 30, 2022 and December 31, 2021, respectively	121,190	95,027	$ 378,450
Tenant and other receivables	159,643	153,091
Deferred leasing costs, less accumulated amortization of $120,650 and $117,878 at June 30, 2022 and December 31, 2021, respectively	65,607	65,741
Acquired lease intangible assets, less accumulated amortization of $325,131 and $312,186 at June 30, 2022 and December 31, 2021, respectively	214,264	212,707
Right of use assets, net	278,153	280,783
Other assets	268,600	266,431
Total assets	10,901,815	10,792,563
Liabilities:
Notes payable	3,737,380	3,718,944
Accounts payable and other liabilities	322,409	322,271
Acquired lease intangible liabilities, less accumulated amortization of $180,082 and $172,293 at June 30, 2022 and December 31, 2021, respectively	357,581	363,276
Lease liabilities	214,800	215,788
Tenants' security, escrow deposits and prepaid rent	63,510	62,352
Total liabilities	4,695,680	4,682,631
Commitments and contingencies
Equity :
Common stock, $0.01 par value per share, 220,000,000 shares authorized; 171,173,103 and 171,213,008 shares issued at June 30, 2022 and December 31, 2021, respectively	1,711	1,712
Treasury stock at cost, 456,225 and 427,901 shares held at June 30, 2022 and December 31, 2021, respectively	(23,882)	(22,758)
Additional paid-in-capital	7,874,461	7,883,458
Accumulated other comprehensive income (loss)	2,388	(10,227)
Distributions in excess of net income	(1,729,645)	(1,814,814)
Total stockholders’ equity	6,125,033	6,037,371
Exchangeable operating partnership units, aggregate redemption value of $43,974 and $56,844 at June 30, 2022 and December 31, 2021, respectively	34,611	35,447
Limited partners' interests in consolidated partnerships	46,491	37,114
Total noncontrolling interests	81,102	72,561
Total equity	6,206,135	6,109,932	6,058,147
Total liabilities and equity	10,901,815	10,792,563
Partnership Interest [Member]
Real Estate Investment Property, at Cost [Abstract]
Real estate assets, at cost	11,762,300	11,495,581
Less: accumulated depreciation	2,301,183	2,174,963
Real estate assets, net	9,461,117	9,320,618
Investments in real estate partnerships	330,887	372,591
Properties held for sale	2,354	25,574
Cash, cash equivalents, and restricted cash, including $3,128 and $1,930 of restricted cash at June 30, 2022 and December 31, 2021, respectively	121,190	95,027	378,450
Tenant and other receivables	159,643	153,091
Deferred leasing costs, less accumulated amortization of $120,650 and $117,878 at June 30, 2022 and December 31, 2021, respectively	65,607	65,741
Acquired lease intangible assets, less accumulated amortization of $325,131 and $312,186 at June 30, 2022 and December 31, 2021, respectively	214,264	212,707
Right of use assets, net	278,153	280,783
Other assets	268,600	266,431
Total assets	10,901,815	10,792,563
Liabilities:
Notes payable	3,737,380	3,718,944
Accounts payable and other liabilities	322,409	322,271
Acquired lease intangible liabilities, less accumulated amortization of $180,082 and $172,293 at June 30, 2022 and December 31, 2021, respectively	357,581	363,276
Lease liabilities	214,800	215,788
Tenants' security, escrow deposits and prepaid rent	63,510	62,352
Total liabilities	4,695,680	4,682,631
Commitments and contingencies
Equity :
General partner; 171,173,103 and 171,213,008 units outstanding at June 30, 2022 and December 31, 2021, respectively	6,122,645	6,047,598
Limited partners; 741,433 and 760,046 units outstanding at June 30, 2022 and December 31, 2021, respectively	34,611	35,447
Accumulated other comprehensive income (loss)	2,388	(10,227)
Total partners' capital	6,159,644	6,072,818
Limited partners' interests in consolidated partnerships	46,491	37,114
Total capital	6,206,135	6,109,932	$ 6,058,147
Total liabilities and equity	$ 10,901,815	$ 10,792,563

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Restricted cash and cash equivalent	$ 3,128	$ 1,930
Deferred costs accumulated amortization	120,650	117,878
Accumulated amortization of acquired lease intangible assets	325,131	312,186
Accumulated accretion of acquired lease intangible liabilities	$ 180,082	$ 172,293
Common stock, par value per share	$ 0.01	$ 0.01
Common stock, shares authorized	220,000,000	220,000,000
Common stock, shares issued	171,173,103	171,213,008
Treasury stock, shares held at cost	456,225	427,901
Exchangeable operating partnership units aggregate redemption value	$ 43,974	$ 56,844
Partnership Interest [Member]
Restricted cash and cash equivalent	3,128	1,930
Deferred costs accumulated amortization	120,650	117,878
Accumulated amortization of acquired lease intangible assets	325,131	312,186
Accumulated accretion of acquired lease intangible liabilities	$ 180,082	$ 172,293
General partner units, outstanding	171,173,103	171,213,008
Limited partner units, outstanding	741,433	760,046

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues:
Lease income	$ 292,864	$ 276,730	$ 586,509	$ 543,087
Other property income	2,720	3,074	5,824	5,027
Management, transaction, and other fees	6,499	7,355	13,183	13,748
Total revenues	302,083	287,159	605,516	561,862
Operating expenses:
Depreciation and amortization	79,350	74,217	157,192	151,476
Operating and maintenance	47,750	46,566	94,211	92,148
General and administrative	17,645	19,187	36,437	40,474
Real estate taxes	36,700	35,447	73,569	71,613
Other operating expenses	617	1,177	2,790	1,875
Total operating expenses	182,062	176,594	364,199	357,586
Other expense (income):
Interest expense, net	36,699	35,812	73,437	72,748
Provision for impairment of real estate, net of tax		135		135
Gain on sale of real estate, net of tax	(4,291)	(19,781)	(106,239)	(31,479)
Net investment loss (income)	5,468	(1,998)	7,962	(3,484)
Total other expense (income)	37,876	14,168	(24,840)	37,920
Income from operations before equity in income of investments in real estate partnerships	82,145	96,397	266,157	166,356
Equity in income of investments in real estate partnerships	23,842	435	36,646	12,101
Net income	105,987	96,832	302,803	178,457
Noncontrolling interests:
Exchangeable operating partnership units	(452)	(432)	(1,315)	(796)
Limited partners' interests in consolidated partnerships	(739)	(910)	(1,464)	(1,515)
Income attributable to noncontrolling interests	(1,191)	(1,342)	(2,779)	(2,311)
Net income attributable to common stockholders	$ 104,796	$ 95,490	$ 300,024	$ 176,146
Income per common share - basic	$ 0.61	$ 0.56	$ 1.75	$ 1.04
Income per common share - diluted	$ 0.61	$ 0.56	$ 1.74	$ 1.04
Partnership Interest [Member]
Revenues:
Lease income	$ 292,864	$ 276,730	$ 586,509	$ 543,087
Other property income	2,720	3,074	5,824	5,027
Management, transaction, and other fees	6,499	7,355	13,183	13,748
Total revenues	302,083	287,159	605,516	561,862
Operating expenses:
Depreciation and amortization	79,350	74,217	157,192	151,476
Operating and maintenance	47,750	46,566	94,211	92,148
General and administrative	17,645	19,187	36,437	40,474
Real estate taxes	36,700	35,447	73,569	71,613
Other operating expenses	617	1,177	2,790	1,875
Total operating expenses	182,062	176,594	364,199	357,586
Other expense (income):
Interest expense, net	36,699	35,812	73,437	72,748
Provision for impairment of real estate, net of tax		135		135
Gain on sale of real estate, net of tax	(4,291)	(19,781)	(106,239)	(31,479)
Net investment loss (income)	5,468	(1,998)	7,962	(3,484)
Total other expense (income)	37,876	14,168	(24,840)	37,920
Income from operations before equity in income of investments in real estate partnerships	82,145	96,397	266,157	166,356
Equity in income of investments in real estate partnerships	23,842	435	36,646	12,101
Net income	105,987	96,832	302,803	178,457
Noncontrolling interests:
Limited partners' interests in consolidated partnerships	(739)	(910)	(1,464)	(1,515)
Income attributable to noncontrolling interests	(739)	(910)	(1,464)	(1,515)
Net income attributable to common unit holders	$ 105,248	$ 95,922	$ 301,339	$ 176,942
Income per common share - basic	$ 0.61	$ 0.56	$ 1.75	$ 1.04
Income per common share - diluted	$ 0.61	$ 0.56	$ 1.74	$ 1.04

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Net income	$ 105,987	$ 96,832	$ 302,803	$ 178,457
Other comprehensive income (loss)
Effective portion of change in fair value of derivative instruments	4,436	(2,302)	13,404	3,508
Reclassification adjustment of derivative instruments included in net income	481	1,034	1,491	2,069
Unrealized (loss) gain on available-for-sale debt securities	(223)	71	(977)	(214)
Other comprehensive income (loss)	4,694	(1,197)	13,918	5,363
Comprehensive income	110,681	95,635	316,721	183,820
Less: comprehensive income attributable to noncontrolling interests:
Net income attributable to noncontrolling interests	1,191	1,342	2,779	2,311
Other comprehensive income (loss) attributable to noncontrolling interests	542	(51)	1,303	396
Comprehensive income attributable to noncontrolling interests	1,733	1,291	4,082	2,707
Comprehensive income attributable to the Company	108,948	94,344	312,639	181,113
Partnership Interest [Member]
Net income	105,987	96,832	302,803	178,457
Other comprehensive income (loss)
Effective portion of change in fair value of derivative instruments	4,436	(2,302)	13,404	3,508
Reclassification adjustment of derivative instruments included in net income	481	1,034	1,491	2,069
Unrealized (loss) gain on available-for-sale debt securities	(223)	71	(977)	(214)
Other comprehensive income (loss)	4,694	(1,197)	13,918	5,363
Comprehensive income	110,681	95,635	316,721	183,820
Less: comprehensive income attributable to noncontrolling interests:
Net income attributable to noncontrolling interests	739	910	1,464	1,515
Other comprehensive income (loss) attributable to noncontrolling interests	522	(45)	1,242	373
Comprehensive income attributable to noncontrolling interests	1,261	865	2,706	1,888
Comprehensive income attributable to the Company	$ 109,420	$ 94,770	$ 314,015	$ 181,932

Consolidated Statements of Equi

Consolidated Statements of Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Distributions in Excess of Net Income [Member]	Total Stockholders Equity [Member]	Noncontrolling Interest Exchangeable Operating Partnership Units [Member]	Noncontrolling Interests In Limited Partners Interest In Consolidated Partnerships [Member]	Total Noncontrolling Interest [Member]
Beginning Balance at Dec. 31, 2020	$ 6,058,147	$ 1,697	$ (24,436)	$ 7,792,082	$ (18,625)	$ (1,765,806)	$ 5,984,912	$ 35,727	$ 37,508	$ 73,235
Net income	178,457					176,146	176,146	796	1,515	2,311
Other comprehensive income (loss)
Other comprehensive income (loss) before reclassification	3,294				3,069		3,069	15	210	225
Amounts reclassified from accumulated other comprehensive income	2,069				1,898		1,898	8	163	171
Deferred compensation plan, net			(1,451)	1,451
Restricted stock issued, net of amortization	6,043	2		6,041			6,043
Common stock issued repurchased for taxes withheld for stock based compensation, net	(3,742)			(3,742)			(3,742)
Common stock issued under dividend reinvestment plan	768			768			768
Common stock issued for partnership units exchanged				99			99	(99)		(99)
Distributions to partners	(1,989)								(1,989)	(1,989)
Cash dividends declared - common stock/unit	(203,016)					(202,113)	(202,113)	(903)		(903)
Ending Balance at Jun. 30, 2021	6,040,031	1,699	(25,887)	7,796,699	(13,658)	(1,791,773)	5,967,080	35,544	37,407	72,951
Beginning Balance at Mar. 31, 2021	6,043,044	1,698	(24,775)	7,791,416	(12,512)	(1,786,196)	5,969,631	35,667	37,746	73,413
Net income	96,832					95,490	95,490	432	910	1,342
Other comprehensive income (loss)
Other comprehensive income (loss) before reclassification	(2,231)				(2,093)		(2,093)	(10)	(128)	(138)
Amounts reclassified from accumulated other comprehensive income	1,034				947		947	4	83	87
Deferred compensation plan, net			(1,112)	1,112
Restricted stock issued, net of amortization	3,564	1		3,563			3,564
Common stock issued repurchased for taxes withheld for stock based compensation, net	117			117			117
Common stock issued under dividend reinvestment plan	392			392			392
Issuance of exchangeable operating partnership units				99			99	(99)		(99)
Distributions to partners	(1,204)								(1,204)	(1,204)
Cash dividends declared - common stock/unit	(101,517)					(101,067)	(101,067)	(450)		(450)
Ending Balance at Jun. 30, 2021	6,040,031	1,699	(25,887)	7,796,699	(13,658)	(1,791,773)	5,967,080	35,544	37,407	72,951
Beginning Balance at Dec. 31, 2021	6,109,932	1,712	(22,758)	7,883,458	(10,227)	(1,814,814)	6,037,371	35,447	37,114	72,561
Ending Balance at Mar. 31, 2022	6,205,692	1,714	(23,831)	7,882,764	(1,764)	(1,726,556)	6,132,327	35,876	37,489	73,365
Beginning Balance at Dec. 31, 2021	6,109,932	1,712	(22,758)	7,883,458	(10,227)	(1,814,814)	6,037,371	35,447	37,114	72,561
Net income	302,803					300,024	300,024	1,315	1,464	2,779
Other comprehensive income (loss)
Other comprehensive income (loss) before reclassification	12,427				11,280		11,280	54	1,093	1,147
Amounts reclassified from accumulated other comprehensive income	1,491				1,335		1,335	7	149	156
Deferred compensation plan, net			(1,124)	1,124
Restricted stock issued, net of amortization	8,574	2		8,572			8,574
Common stock issued repurchased for taxes withheld for stock based compensation, net	(6,088)			(6,088)			(6,088)
Common stock repurchased and retired	(75,419)	(13)		(75,406)			(75,419)
Common stock issued under dividend reinvestment plan	252			252			252
Common stock issued for partnership units exchanged				1,275			1,275	(1,275)		(1,275)
Common stock issued, net of issuance costs	61,284	10		61,274			61,284
Contributions from partners	10,446								10,446	10,446
Distributions to partners	(3,775)								(3,775)	(3,775)
Cash dividends declared - common stock/unit	(215,792)					(214,855)	(214,855)	(937)		(937)
Ending Balance at Jun. 30, 2022	6,206,135	1,711	(23,882)	7,874,461	2,388	(1,729,645)	6,125,033	34,611	46,491	81,102
Beginning Balance at Mar. 31, 2022	6,205,692	1,714	(23,831)	7,882,764	(1,764)	(1,726,556)	6,132,327	35,876	37,489	73,365
Net income	105,987					104,796	104,796	452	739	1,191
Other comprehensive income (loss)
Other comprehensive income (loss) before reclassification	4,213				3,743		3,743	17	453	470
Amounts reclassified from accumulated other comprehensive income	481				409		409	3	69	72
Deferred compensation plan, net			(51)	51
Restricted stock issued, net of amortization	4,366			4,366			4,366
Common stock issued repurchased for taxes withheld for stock based compensation, net	3			3			3
Common stock repurchased and retired	(75,419)	(13)		(75,406)			(75,419)
Common stock issued under dividend reinvestment plan	134			134			134
Common stock issued for partnership units exchanged				1,275			1,275	(1,275)		(1,275)
Common stock issued, net of issuance costs	61,284	10		61,274			61,284
Contributions from partners	10,446								10,446	10,446
Distributions to partners	(2,705)								(2,705)	(2,705)
Cash dividends declared - common stock/unit	(108,347)					(107,885)	(107,885)	(462)		(462)
Ending Balance at Jun. 30, 2022	$ 6,206,135	$ 1,711	$ (23,882)	$ 7,874,461	$ 2,388	$ (1,729,645)	$ 6,125,033	$ 34,611	$ 46,491	$ 81,102

Consolidated Statements of Eq_2

Consolidated Statements of Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Stockholders' Equity [Abstract]
Common stock/unit per share	$ 0.625	$ 0.595	$ 1.250	$ 1.190

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Cash flows from operating activities:
Net income	$ 105,987	$ 96,832	$ 302,803	$ 178,457
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization			157,192	151,476
Amortization of deferred loan costs and debt premiums			2,821	3,479
(Accretion) and amortization of above and below market lease intangibles, net			(10,528)	(11,174)
Stock-based compensation, net of capitalization			8,501	5,894
Equity in income of investments in real estate partnerships	(23,842)	(435)	(36,646)	(12,101)
Gain on sale of real estate, net of tax			(106,239)	(31,479)
Provision for impairment of real estate, net of tax		135		135
Distribution of earnings from investments in real estate partnerships			29,207	36,545
Settlement of derivative instruments				(2,472)
Deferred compensation expense			(7,007)	2,856
Realized and unrealized (gain) loss on investments			8,033	(3,606)
Changes in assets and liabilities:
Tenant and other receivables			(8,252)	12,711
Deferred leasing costs			(4,263)	(4,884)
Other assets			(8,353)	(8,490)
Accounts payable and other liabilities			(172)	7,168
Tenants' security, escrow deposits and prepaid rent			660	772
Net cash provided by operating activities			327,757	325,287
Cash flows from investing activities:
Acquisition of operating real estate, net of cash acquired of $2,256 in 2022			(139,775)	500
Real estate development and capital improvements			(99,470)	(72,735)
Proceeds from sale of real estate			136,421	107,577
Issuance of notes receivable				(20)
Investments in real estate partnerships			(11,549)	(21,382)
Return of capital from investments in real estate partnerships			48,473	58,699
Dividends on investment securities			214	67
Acquisition of investment securities			(8,313)	(14,065)
Proceeds from sale of investment securities			8,737	14,393
Net cash (used in) provided by investing activities			(65,262)	73,034
Cash flows from financing activities:
Net proceeds from common stock issuance			61,284
Repurchase of common shares in conjunction with equity award plans			(6,388)	(4,017)
Common units repurchased through share repurchase program			(71,898)
Proceeds from sale of treasury stock			64	96
Contributions from (distributions to) limited partners in consolidated partnerships, net			1,234	(1,989)
Distributions to exchangeable operating partnership unit holders			(950)	(907)
Dividends paid to common stockholders			(213,868)	(201,233)
Proceeds from unsecured credit facilities			75,000
Repayment of unsecured credit facilities			(75,000)	(265,000)
Repayment of notes payable				(3,962)
Scheduled principal payments			(5,728)	(5,678)
Payment of loan costs			(82)	(7,468)
Net cash used in financing activities			(236,332)	(490,158)
Net increase (decrease) in cash and cash equivalents and restricted cash			26,163	(91,837)
Cash and cash equivalents and restricted cash at beginning of the period			95,027	378,450	$ 378,450
Cash and cash equivalents and restricted cash at end of the period	121,190	286,613	121,190	286,613	95,027
Supplemental disclosure of cash flow information:
Cash paid for interest (net of capitalized interest of $796 and $849 in 2022 and 2021, respectively)			70,876	70,112
Cash paid for income taxes, net of refunds			370	314
Supplemental disclosure of non-cash transactions:
Common stock and exchangeable operating partnership dividends declared but not paid			108,215	101,520
Acquisition of real estate previously held within investments in real estate partnerships			17,179
Mortgage loans assumed by Company with the acquisition of real estate			22,779
Common stock issued for partnership units exchanged			1,275	99
Accrued common stock repurchase in Accounts payable and other liabilities			3,521
Change in accrued capital expenditures			5,050	6,947
Common stock issued under dividend reinvestment plan	134	392	252	768
Stock-based compensation capitalized			373	424
Contributions from limited partners in consolidated partnerships			5,436
Common stock issued for dividend reinvestment in trust			555	552
Contribution of stock awards into trust			2,022	1,416
Distribution of stock held in trust			566	415
Change in fair value of securities			1,236	272
Partnership Interest [Member]
Cash flows from operating activities:
Net income	105,987	96,832	302,803	178,457
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization			157,192	151,476
Amortization of deferred loan costs and debt premiums			2,821	3,479
(Accretion) and amortization of above and below market lease intangibles, net			(10,528)	(11,174)
Stock-based compensation, net of capitalization			8,501	5,894
Equity in income of investments in real estate partnerships	(23,842)	(435)	(36,646)	(12,101)
Gain on sale of real estate, net of tax			(106,239)	(31,479)
Provision for impairment of real estate, net of tax		135		135
Distribution of earnings from investments in real estate partnerships			29,207	36,545
Settlement of derivative instruments				(2,472)
Deferred compensation expense			(7,007)	2,856
Realized and unrealized (gain) loss on investments			8,033	(3,606)
Changes in assets and liabilities:
Tenant and other receivables			(8,252)	12,711
Deferred leasing costs			(4,263)	(4,884)
Other assets			(8,353)	(8,490)
Accounts payable and other liabilities			(172)	7,168
Tenants' security, escrow deposits and prepaid rent			660	772
Net cash provided by operating activities			327,757	325,287
Cash flows from investing activities:
Acquisition of operating real estate, net of cash acquired of $2,256 in 2022			(139,775)	500
Real estate development and capital improvements			(99,470)	(72,735)
Proceeds from sale of real estate			136,421	107,577
Issuance of notes receivable				(20)
Investments in real estate partnerships			(11,549)	(21,382)
Return of capital from investments in real estate partnerships			48,473	58,699
Dividends on investment securities			214	67
Acquisition of investment securities			(8,313)	(14,065)
Proceeds from sale of investment securities			8,737	14,393
Net cash (used in) provided by investing activities			(65,262)	73,034
Cash flows from financing activities:
Net proceeds from common stock issuance			61,284
Repurchase of common shares in conjunction with equity award plans			(6,388)	(4,017)
Common units repurchased through share repurchase program			(71,898)
Proceeds from sale of treasury stock			64	96
Contributions from (distributions to) limited partners in consolidated partnerships, net			1,234	(1,989)
Dividends paid to common stockholders			(214,818)	(202,140)
Proceeds from unsecured credit facilities			75,000
Repayment of unsecured credit facilities			(75,000)	(265,000)
Repayment of notes payable				(3,962)
Scheduled principal payments			(5,728)	(5,678)
Payment of loan costs			(82)	(7,468)
Net cash used in financing activities			(236,332)	(490,158)
Net increase (decrease) in cash and cash equivalents and restricted cash			26,163	(91,837)
Cash and cash equivalents and restricted cash at beginning of the period			95,027	378,450	378,450
Cash and cash equivalents and restricted cash at end of the period	$ 121,190	$ 286,613	121,190	286,613	$ 95,027
Supplemental disclosure of cash flow information:
Cash paid for interest (net of capitalized interest of $796 and $849 in 2022 and 2021, respectively)			70,876	70,112
Cash paid for income taxes, net of refunds			370	314
Supplemental disclosure of non-cash transactions:
Common stock and exchangeable operating partnership dividends declared but not paid			108,215	101,520
Acquisition of real estate previously held within investments in real estate partnerships			17,179
Mortgage loans assumed by Company with the acquisition of real estate			22,779
Common stock issued by Parent Company for partnership units exchanged			1,275	99
Accrued common stock repurchase in Accounts payable and other liabilities			3,521
Change in accrued capital expenditures			5,050	6,947
Common stock issued under dividend reinvestment plan			252	768
Stock-based compensation capitalized			373	424
Contributions from limited partners in consolidated partnerships			5,436
Common stock issued for dividend reinvestment in trust			555	552
Contribution of stock awards into trust			2,022	1,416
Distribution of stock held in trust			566	415
Change in fair value of securities			$ 1,236	$ 272

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Unaudited) (Parenthetical) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Capitalized interest	$ 1,815	$ 1,865
Cash Acquired from Acquisition	3,061
Partnership Interest [Member]
Capitalized interest	$ 1,865	$ 1,815

Consolidated Statement of Capit

Consolidated Statement of Capital (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Net income	$ 105,987	$ 96,832	$ 302,803	$ 178,457
Other comprehensive income (loss)
Amounts reclassified from accumulated other comprehensive income (loss)	481	1,034	1,491	2,069
Contributions from partners	10,446		10,446
Distributions to partners	(2,705)	(1,204)	(3,775)	(1,989)
Restricted units issued as a result of restricted stock issued by Parent Company, net of amortization	4,366	3,564	8,574	6,043
Total Partners' Capital [Member]
Net income	104,796	95,490	300,024	176,146
Other comprehensive income (loss)
Amounts reclassified from accumulated other comprehensive income (loss)	409	947	1,335	1,898
Restricted units issued as a result of restricted stock issued by Parent Company, net of amortization	4,366	3,564	8,574	6,043
Partnership Interest [Member]
Beginning Balance	6,205,692	6,043,044	6,109,932	6,058,147
Net income	105,987	96,832	302,803	178,457
Other comprehensive income (loss)
Other comprehensive income (loss) before reclassification	4,213	(2,231)	12,427	3,294
Amounts reclassified from accumulated other comprehensive income (loss)	481	1,034	1,491	2,069
Contributions from partners	10,446		10,446
Distributions to partners	(111,052)	(102,721)	(219,567)	(205,005)
Restricted units issued as a result of restricted stock issued by Parent Company, net of amortization	4,366	3,564	8,574	6,043
Common units repurchased and retired as a result of common stock repurchased and retired by Parent Company	(75,419)		(75,419)
Common units issued as a result of common stock issued by Parent Company, net of issuance costs / redemptions	61,284	509	61,284
Common units repurchased as a result of common stock repurchased by Parent Company, net of issuances	137		(5,836)	(2,974)
Ending Balance	6,206,135	6,040,031	6,206,135	6,040,031
Partnership Interest [Member] | Total Partners' Capital [Member]
Beginning Balance	6,168,203	6,005,298	6,072,818	6,020,639
Net income	105,248	95,922	301,339	176,942
Other comprehensive income (loss)
Other comprehensive income (loss) before reclassification	3,760	(2,103)	11,334	3,084
Amounts reclassified from accumulated other comprehensive income (loss)	412	951	1,342	1,906
Distributions to partners	(108,347)	(101,517)	(215,792)	(203,016)
Restricted units issued as a result of restricted stock issued by Parent Company, net of amortization	4,366	3,564	8,574	6,043
Common units repurchased and retired as a result of common stock repurchased and retired by Parent Company	(75,419)		(75,419)
Common units issued as a result of common stock issued by Parent Company, net of issuance costs / redemptions	61,284	509	61,284
Common units repurchased as a result of common stock repurchased by Parent Company, net of issuances	137		(5,836)	(2,974)
Ending Balance	6,159,644	6,002,624	6,159,644	6,002,624
Partnership Interest [Member] | Accumulated Other Comprehensive Income (Loss) [Member]
Beginning Balance	(1,764)	(12,512)	(10,227)	(18,625)
Other comprehensive income (loss)
Other comprehensive income (loss) before reclassification	3,743	(2,093)	11,280	3,069
Amounts reclassified from accumulated other comprehensive income (loss)	409	947	1,335	1,898
Ending Balance	2,388	(13,658)	2,388	(13,658)
Partnership Interest [Member] | Noncontrolling Interests In Limited Partners Interest In Consolidated Partnerships [Member]
Beginning Balance	37,489	37,746	37,114	37,508
Net income	739	910	1,464	1,515
Other comprehensive income (loss)
Other comprehensive income (loss) before reclassification	453	(128)	1,093	210
Amounts reclassified from accumulated other comprehensive income (loss)	69	83	149	163
Contributions from partners	10,446		10,446
Distributions to partners	(2,705)	(1,204)	(3,775)	(1,989)
Ending Balance	46,491	37,407	46,491	37,407
Partnership Interest [Member] | General Partner Preferred and Common Units [Member]
Beginning Balance	6,134,091	5,982,143	6,047,598	6,003,537
Net income	104,796	95,490	300,024	176,146
Other comprehensive income (loss)
Distributions to partners	(107,885)	(101,067)	(214,855)	(202,113)
Restricted units issued as a result of restricted stock issued by Parent Company, net of amortization	4,366	3,564	8,574	6,043
Common units repurchased and retired as a result of common stock repurchased and retired by Parent Company	(75,419)		(75,419)
Common units issued as a result of common stock issued by Parent Company, net of issuance costs / redemptions	61,284	509	61,284
Common units repurchased as a result of common stock repurchased by Parent Company, net of issuances	137		(5,836)	(2,974)
Common units exchanged for common stock of Parent Company	1,275	99	1,275	99
Ending Balance	6,122,645	5,980,738	6,122,645	5,980,738
Partnership Interest [Member] | Limited Partner [Member]
Beginning Balance	35,876	35,667	35,447	35,727
Net income	452	432	1,315	796
Other comprehensive income (loss)
Other comprehensive income (loss) before reclassification	17	(10)	54	15
Amounts reclassified from accumulated other comprehensive income (loss)	3	4	7	8
Distributions to partners	(462)	(450)	(937)	(903)
Common units exchanged for common stock of Parent Company	(1,275)	(99)	(1,275)	(99)
Ending Balance	$ 34,611	$ 35,544	$ 34,611	$ 35,544

Organization and Significant Ac

Organization and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Significant Accounting Policies	1. O rganization and Significant Accounting Policies General Regency Centers Corporation (the "Parent Company") began its operations as a Real Estate Investment Trust ("REIT") in 1993 and is the general partner of Regency Centers, L.P. (the "Operating Partnership"). The Parent Company primarily engages in the ownership, management, leasing, acquisition, and development and redevelopment of shopping centers through the Operating Partnership, and has no other assets other than through its investment in the Operating Partnership, and its only liabilities are $ 200 million of unsecured private placement notes, which are co-issued and guaranteed by the Operating Partnership. The Parent Company guarantees all of the unsecured debt of the Operating Partnership. As of June 30, 2022, the Parent Company, the Operating Partnership, and their controlled subsidiaries on a consolidated basis owned 308 properties and held partial interests in an additional 96 properties through unconsolidated Investments in real estate partnerships (also referred to as "joint ventures" or "investment partnerships"). The consolidated financial statements reflect all adjustments which are, in the opinion of management, necessary to fairly state the results for the interim periods presented. These adjustments are considered to be of a normal recurring nature. Risks and Uncertainties The success of the Company's tenants in operating their businesses and their ability to pay rent continue to be significantly influenced by many challenges including the impact of inflation, labor shortages, and supply chain constraints on their cost of doing business. Additionally, macroeconomic and geopolitical risks create challenges that may exacerbate current market conditions in the United States. The policies utilized to address these issues, including raising interest rates, could result in adverse impacts on the U.S. economy, including a slowing of growth and potentially a recession, thereby impacting tenants' businesses and/or decreasing future demand for space in shopping centers. The potential impact of current economic challenges on the Company’s financial condition, results of operations, and cash flows is subject to change and continues to depend on the extent and duration of these risks and uncertainties. Consolidation The Company consolidates properties that are wholly-owned and properties where it owns less than 100%, but which it has control over the activities most important to the overall success of the partnership. Control is determined using an evaluation based on accounting standards related to the consolidation of Variable Interest Entities ("VIEs") and voting interest entities. Ownership of the Operating Partnership The Operating Partnership's capital includes general and limited common Partnership Units. As of June 30, 2022, the Parent Company owned approximately 99.6 % of the outstanding common Partnership Units of the Operating Partnership, with the remaining limited common Partnership Units held by third parties ("Exchangeable operating partnership units" or "EOP units"). Each EOP unit is exchangeable for cash or one share of common stock of the Parent Company, at the discretion of the Parent Company, and the unit holder cannot require redemption in cash or other assets. The Parent Company has evaluated the conditions as specified under Accounting Standards Codification ("ASC") Topic 480, Distinguishing Liabilities from Equity as it relates to exchangeable operating partnership units outstanding and concluded that it has the right to satisfy the redemption requirements of the units by delivering shares of unregistered common stock. Accordingly, the Parent Company classifies EOP units as permanent equity in the accompanying Consolidated Balance Sheets and Consolidated Statements of Equity and Comprehensive Income. The Parent Company serves as general partner of the Operating Partnership. The EOP unit holders have limited rights over the Operating Partnership such that they do not have the power to direct the activities of the Operating Partnership. As such, the Operating Partnership is considered a VIE, and the Parent Company, which consolidates it, is the primary beneficiary. The Parent Company's only investment is the Operating Partnership. Net income and distributions of the Operating Partnership are allocable to the general and limited common Partnership Units in accordance with their ownership percentages. Real Estate Partnerships As of June 30, 2022, Regency had a partial ownership interest in 108 properties through partnerships, of which 12 are consolidated into the Company's financial statements. Regency's partners include institutional investors and other real estate developers and/or operators (the "Partners" or "limited partners"). Regency has a variable interest in these entities through its equity interests, with Regency the primary beneficiary in certain of these real estate partnerships. As such, Regency consolidates the partnerships into its financial statements for which it is the primary beneficiary and reports the limited partners’ interests as Noncontrolling interests. For those partnerships which Regency is not the primary beneficiary and does not control, but has significant influence, Regency recognizes its investment in them using the equity method of accounting. The assets of these partnerships are restricted to the use of the partnerships and cannot be used by general creditors of the Company. Similarly, the obligations of the partnerships can only be settled by the assets of these partnerships or additional contributions by the partners. The major classes of assets, liabilities, and non-controlling equity interests held by the Company's consolidated VIEs, exclusive of the Operating Partnership, are as follows: (in thousands) June 30, 2022 December 31, 2021 Assets Net real estate investments $ 112,260 379,075 Cash, cash equivalents and restricted cash 2,486 5,202 Liabilities Notes payable 4,924 5,000 Equity Limited partners' interests in consolidated partnerships 27,534 27,950 Revenues and Other Receivables Other property income includes parking fees and other incidental income from the properties and is generally recognized at the point in time that the performance obligation is met. All income from contracts with the Company's real estate partnerships is included within Management, transaction and other fees on the Consolidated Statements of Operations. The primary components of these revenue streams, the timing of satisfying the performance obligations, and amounts are as follows: Three months ended June 30, Six months ended June 30, (in thousands) Timing of satisfaction of performance obligations 2022 2021 2022 2021 Management, transaction and other fees: Property management services Over time 3,310 3,753 $ 6,928 7,524 Asset management services Over time 1,669 1,719 3,425 3,434 Leasing services Point in time 1,171 1,336 2,167 2,187 Other transaction fees Point in time 349 547 663 603 Total management, transaction, and other fees $ 6,499 7,355 $ 13,183 13,748 The accounts receivable for management services, which are included within Tenant and other receivables in the accompanying Consolidated Balance Sheets, are $ 15.3 million and $ 13.2 million , as of June 30, 2022 and December 31, 2021 , respectively. Recent Accounting Pronouncements The following table provides a brief description of recently adopted accounting pronouncements and impact on our financial statements: Standard Description Date of adoption Effect on the financial statements or other significant matters Recently adopted : ASU 2021-05, Leases (Topic 842): Lessors - Certain Leases with Variable Lease Payments The amendments in this update affect lessor lease classification. Lessors should classify and account for a lease as an operating lease if both of the following criteria are met: (1) have variable lease payments that do not depend on a reference index or a rate and (2) would have resulted in the recognition of a selling loss at lease commencement if classified as sales-type or direct financing. This update results in similar treatment under the current Topic 842 as under the previous Topic 840. January 2022 The adoption of this standard did not have a material impact to the Company's financial condition, results of operations, cash flows or related footnote disclosures as the Company's customary lease terms do not result in sales-type or direct financing classification, although future leases may.

Real Estate Investments

Real Estate Investments	6 Months Ended
	Jun. 30, 2022
Business Combinations [Abstract]
Real Estate Investments	2. Real Estate Investments The following table details the shopping centers acquired or land acquired for development during the six months ended June 30, 2022. There were no such purchases during the six months ended June 30, 2021. (in thousands) Six months ended June 30, 2022 Date Purchased Property Name City/State Property Type Ownership Purchase (1) Debt (1) Intangible (1) Intangible (1) Consolidated 3/1/2022 Glenwood Green Old Bridge, NJ Development 70 % 11,000 — — — 3/31/2022 Island Village Bainbridge Island, WA Operating 100 % 30,650 — 2,900 6,839 4/1/2022 Apple Valley (2) Apple Valley, MN Operating 100 % 34,070 — 4,773 490 4/1/2022 Cedar Commons (2) Minneapolis, MN Operating 100 % 29,330 — 4,369 58 4/1/2022 Corral Hollow (2) Tracy, CA Operating 100 % 40,600 — 3,410 74 4/1/2022 Shops at the Columbia (2) Washington, DC Operating 100 % 14,000 — 889 181 5/6/2022 Baederwood Shoppes Jenkintown, PA Operating 80 % 51,603 22,779 5,796 1,062 Unconsolidated 3/25/2022 Naperville Plaza Naperville, IL Operating 20 % 52,380 22,074 4,336 814 6/24/2022 Baybrook East 1B Houston, TX Development 50 % 5,540 — — — Total property acquisitions $ 269,173 44,853 26,473 9,518 (1) Amounts reflected for purchase price and allocation are reflected at 100 %. (2) These properties were part of the four property portfolio purchased from an existing unconsolidated real partnership, RegCal, LLC, in which the Company held a 25 % ownership interest. The basis allocated to Real estate assets was $ 93.2 million on a combined basis, including the Company's carry over basis related to its 25 % previously owned equity investment in the partnership.

Property Dispositions

Property Dispositions	6 Months Ended
	Jun. 30, 2022
Discontinued Operations and Disposal Groups [Abstract]
Property Dispositions	3. Property Dispositions The following table provides a summary of consolidated shopping centers and land parcels sold during the periods set forth below: Three months ended June 30, Six months ended June 30, (in thousands, except number sold data) 2022 2021 2022 2021 Net proceeds from sale of real estate investments $ 11,497 53,718 $ 136,421 107,577 Gain on sale of real estate, net of tax 4,291 19,781 106,239 31,479 Provision for impairment of real estate sold — 135 — 135 Number of operating properties sold — 2 1 6 Number of land parcels and development project interests sold 2 — 3 1 Percent interest sold 100 % 100 % 100 % 100 % At June 30, 2022, the Company al so had one land parcel classified within Properties held for sale on the Co nsolidated Balance Sheets.

Other Assets

Other Assets	6 Months Ended
	Jun. 30, 2022
Other Assets [Abstract]
Other Assets	4. Other Assets The following table represents the components of Other assets in the accompanying Consolidated Balance Sheets as of the dates set forth below: (in thousands) June 30, 2022 December 31, 2021 Goodwill, net $ 167,095 167,095 Investments 55,185 65,112 Prepaid and other 29,967 21,332 Deferred financing costs, net 6,302 7,448 Furniture, fixtures, and equipment, net 6,101 5,444 Derivative assets 3,950 — Total other assets $ 268,600 266,431

Notes Payable and Unsecured Cre

Notes Payable and Unsecured Credit Facilities	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Notes Payable and Unsecured Credit Facilities	5. Notes Payable and Unsecured Credit Facilities The Company's outstanding debt, net of unamortized debt premium (discount) and debt issuance costs, consisted of the following as of the dates set forth below: (in thousands) Weighted Weighted June 30, 2022 December 31, 2021 Notes payable: Fixed rate mortgage loans 4.0 % 3.5 % $ 353,635 359,414 Variable rate mortgage loans (1) 3.3 % 3.6 % 137,563 115,539 Fixed rate unsecured debt 3.8 % 4.0 % 3,246,182 3,243,991 Total notes payable 3,737,380 3,718,944 Unsecured credit facilities: Line of Credit (the "Line") (2) 2.0 % 2.3 % — — Total debt outstanding $ 3,737,380 3,718,944 (1) Five of these six variable rate loans, representing $ 132.6 million of debt, have interest rate swaps in place to mitigate the interest rate fluctuation risk. Based on these swap agreements, the effective fixed rates of the five loans range from 2.5 % to 4.1 %. (2) Weighted average effective rate for the Line is calculated based on a fully drawn Line balance. Scheduled principal payments and maturities on notes payable and unsecured credit facilities were as follows: (in thousands) June 30, 2022 Scheduled Principal Payments and Maturities by Year: Scheduled Mortgage Unsecured (1) Total 2022 (2) $ 5,660 5,848 — 11,508 2023 9,695 59,376 — 69,071 2024 4,849 90,742 250,000 345,591 2025 3,732 45,000 250,000 298,732 2026 3,922 112,365 200,000 316,287 Beyond 5 Years 6,661 138,234 2,575,000 2,719,895 Unamortized debt premium/(discount) and issuance costs — 5,114 ( 28,818 ) ( 23,704 ) Total $ 34,519 456,679 3,246,182 3,737,380 (1) Includes unsecured public and private debt and unsecured credit facilities. (2) Reflects scheduled principal payments for the remainder of the year. The Company was in compliance as of June 30, 2022 , with all financial and other covenants under its unsecured public and private placement debt and unsecured credit facilities, and expects to remain in compliance thereafter.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	6. Derivative Financial Instruments The Company may use derivative financial instruments, including interest rate swaps, caps, options, floors, and other interest rate derivative contracts, to hedge all or a portion of the interest rate risk associated with its borrowings. The principal objective of such arrangements is to minimize the risks and/or costs associated with the Company's operating and financial structure as well as to hedge specific anticipated transactions. The Company does not intend to utilize derivatives for speculative transactions or purposes other than mitigation of interest rate risk. The use of derivative financial instruments carries certain risks, including the risk that the counterparties to these contractual arrangements are not able to perform under the agreements. To mitigate this risk, the Company only enters into derivative financial instruments with counterparties with quality credit ratings. The Company does not anticipate that any of the counterparties will fail to meet their obligations. The Company's objectives in using interest rate derivatives are to attempt to stabilize interest expense where possible and to mitigate its exposure to interest rate movements. To accomplish these objectives, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. The following table summarizes the terms and fair values of the Company's derivative financial instruments, as well as their classification on the Consolidated Balance Sheets: Fair Value (in thousands) Assets (Liabilities) (1) Effective Maturity Notional Receive Pay June 30, 2022 December 31, 2021 4/7/16 4/1/23 $ 18,835 1 Month LIBOR 1.303 % $ 236 ( 175 ) 12/1/16 11/1/23 31,450 1 Month LIBOR 1.490 % 686 ( 412 ) 9/17/19 3/17/25 24,000 1 Month LIBOR 1.542 % 910 ( 364 ) 6/2/17 6/2/27 35,733 1 Month LIBOR with Floor 2.366 % 956 ( 1,907 ) 12/20/19 (2) 12/19/26 24,365 1 Month LIBOR 1.750 % 1,162 — $ 3,950 ( 2,858 ) (1) Derivatives in an asset position are included within Other assets in the accompanying Consolidated Balance Sheets, while those in a liability position are included within Accounts payable and other liabilities . (2) The Company assumed this interest rate swap which hedges debt also assumed with the purchase of Baederwood Shoppes in May 2022. These derivative financial instruments are all interest rate swaps, which are designated and qualify as cash flow hedges. The Company does not use derivatives for trading or speculative purposes and, as of June 30, 2022, does not have any derivatives that are not designated as hedges. The changes in the fair value of derivatives designated and qualifying as cash flow hedges is recorded in Accumulated Other Comprehensive Income (Loss) ("AOCI") and subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. The following table represents the effect of the derivative financial instruments on the accompanying consolidated financial statements: Location and Amount of Gain (Loss) Recognized in OCI on Derivative Location and Amount of Gain (Loss) Reclassified from AOCI into Income Total amounts presented in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded Three months ended June 30, Three months ended June 30, Three months ended June 30, (in thousands) 2022 2021 2022 2021 2022 2021 Interest rate swaps $ 4,436 ( 2,302 ) Interest expense $ 481 1,034 Interest expense, net $ 36,699 35,812 Six months ended June 30, Six months ended June 30, Six months ended June 30, (in thousands) 2022 2021 2022 2021 2022 2021 Interest rate swaps $ 13,404 3,508 Interest expense $ 1,491 2,069 Interest expense, net $ 73,437 72,748 As of June 30, 2022, the Company expects approximately $ 2.1 million of accumulated comprehensive income on derivative instruments in AOCI, including the Company's share from its Investments in real estate partnerships, to be reclassified into earnings during the next 12 months.

Leases

Leases	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Leases	7. Leases All of the Company's leases are classified as operating leases. The Company's Lease income is comprised of both fixed and variable income. Fixed and in-substance fixed lease income includes stated amounts per the lease contract, which are primarily related to base rent, and in some cases stated amounts for common area maintenance ("CAM"), real estate taxes, and insurance ("Recoverable Costs"). Income for these amounts is recognized on a straight-line basis. Variable lease income includes the following two main items in the lease contracts: (i) Recoveries from tenants represents the tenants' contractual obligations to reimburse the Company for their portion of Recoverable Costs incurred. Generally the Company's leases provide for the tenants to reimburse the Company based on the tenants' share of the actual costs incurred in proportion to the tenants' share of leased space in the property. (ii) Percentage rent represents amounts billable to tenants based on the tenants' actual sales volume in excess of levels specified in the lease contract. The following table provides a disaggregation of lease income recognized as either fixed or variable lease income based on the criteria specified in ASC Topic 842: (in thousands) Three months ended June 30, Six months ended June 30, 2022 2021 2022 2021 Operating lease income Fixed and in-substance fixed lease income $ 211,838 197,234 $ 419,340 393,288 Variable lease income 67,890 68,661 139,916 132,728 Other lease related income, net: Above/below market rent and tenant rent inducement amortization, net 5,613 6,007 11,302 12,003 Uncollectible straight-line rent 2,623 ( 1,792 ) 4,905 ( 3,827 ) Uncollectible amounts billable in lease income 4,900 6,620 11,046 8,895 Total lease income $ 292,864 276,730 $ 586,509 543,087 Lease income for operating leases with fixed payment terms is recognized on a straight-line basis over the expected term of the lease for all leases in which collectibility is considered probable. At lease commencement, the Company generally expects that collectibility of substantially all payments due under the lease is probable due to the Company's credit checks on tenants and other credit analysis undertaken before entering into a new lease; therefore, income from most operating leases is initially recognized on a straight-line basis. For operating leases in which collectibility of Lease income is not considered probable, Lease income is recognized on a cash basis and all previously recognized straight-line rent receivables are reversed in the period in which the Lease income is determined no longer to be probable of collection. Should collectibility of Lease income become probable again, through evaluation of qualitative and quantitative measures on a tenant by tenant basis, accrual basis accounting resumes and all commencement-to-date straight-line rent is recognized in that period. In addition to the lease-specific collectibility assessment performed under Topic 842, the Company may also recognize a general reserve, as a reduction to Lease income, for its portfolio of operating lease receivables which are not expected to be fully collectible based on the Company's historical collection experience. The following table represents the components of Tenant and other receivables in the accompanying Consolidated Balance Sheets: (in thousands) June 30, 2022 December 31, 2021 Tenant receivables $ 21,135 $ 27,354 Straight-line rent receivables 115,427 103,942 Other receivables (1) 23,081 21,795 Total tenant and other receivables $ 159,643 $ 153,091 (1) Other receivables include construction receivables, insurance receivables, and amounts due from real estate partnerships for Management, transaction and other fee income.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	8. Fair Value Measurements (a) Disclosure of Fair Value of Financial Instruments All financial instruments of the Company are reflected in the accompanying Consolidated Balance Sheets at amounts which, in management's estimation, reasonably approximate their fair values, except for the following: June 30, 2022 December 31, 2021 (in thousands) Carrying Fair Value Carrying Fair Value Financial liabilities: Notes payable $ 3,737,380 3,525,203 3,718,944 4,103,533 The above fair values represent management's estimate of the amounts that would be received from selling those assets or that would be paid to transfer those liabilities in an orderly transaction between market participants as of June 30, 2022, and December 31, 2021, respectively. These fair value measurements maximize the use of observable inputs which are classified within Level 2 of the fair value hierarchy. However, in situations where there is little, if any, market activity for the asset or liability at the measurement date, the fair value measurement reflects the Company's own judgments about the assumptions that market participants would use in pricing the asset or liability. The Company develops its judgments based on the best information available at the measurement date, including expected cash flows, appropriate risk-adjusted discount rates, and available observable and unobservable inputs. Service providers involved in fair value measurements are evaluated for competency and qualifications on an ongoing basis. As considerable judgment is often necessary to estimate the fair value of these financial instruments, the fair values presented above are not necessarily indicative of amounts that will be realized upon disposition of the financial instruments. (b) Fair Value Measurements The following financial instruments are measured at fair value on a recurring basis: Securities The Company has investments in marketable securities that are included within Other assets on the accompanying Consolidated Balance Sheets. The fair value of the securities was determined using quoted prices in active markets, which are considered Level 1 inputs of the fair value hierarchy. Changes in the value of securities are recorded within Net investment loss (income) in the accompanying Consolidated Statements of Operations, and include unrealized losses of $ 5.5 million and unrealized gains of $ 1.4 million during the three months ended June 30, 2022 and 2021, respectively, and unrealized losses of $ 8.5 million and unrealized gains of $ 1.8 million during the six months ended June 30, 2022 and 2021, respectively, on equity securities. Available-for-Sale Debt Securities Available-for-sale debt securities consist of investments in certificates of deposit and corporate bonds, and are recorded at fair value using either recent trade prices for the identical debt instrument or comparable instruments by issuers of similar industry sector, issuer rating, and size, to estimate fair value, which are considered Level 2 inputs of the fair value hierarchy. Unrealized gains or losses on these debt securities are recognized through other comprehensive income. Interest Rate Derivatives The fair value of the Company's interest rate derivatives is determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities. The Company incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counterparty's nonperformance risk in the fair value measurements. Although the Company has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with its derivatives utilize Level 3 inputs, such as estimates of current credit spreads, to evaluate the likelihood of default by the Company and its counterparties. The Company has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustments are not significant to the overall valuation of its interest rate swaps. As a result, the Company determined that its interest rate swaps valuation in its entirety is classified in Level 2 of the fair value hierarchy. The following tables present the placement in the fair value hierarchy of assets and liabilities that are measured at fair value on a recurring basis: Fair Value Measurements as of June 30, 2022 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (in thousands) Balance (Level 1) (Level 2) (Level 3) Assets: Securities $ 40,746 40,746 — — Available-for-sale debt securities 14,439 — 14,439 — Interest rate derivatives 3,950 — 3,950 — Total $ 59,135 40,746 18,389 — Fair Value Measurements as of December 31, 2021 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (in thousands) Balance (Level 1) (Level 2) (Level 3) Assets: Securities $ 49,513 49,513 — — Available-for-sale debt securities 15,599 — 15,599 — Interest rate derivatives — — — — Total $ 65,112 49,513 15,599 — Liabilities: Interest rate derivatives $ ( 2,858 ) — ( 2,858 ) — The following table presents the placement in the fair value hierarchy of assets and liabilities that are measured at fair value on a nonrecurring basis: Fair Value Measurements as of December 31, 2021 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Total Gains (in thousands) Balance (Level 1) (Level 2) (Level 3) (Losses) Operating properties $ 140,500 — — 140,500 ( 84,277 ) During the year ended December 31, 2021 , the Company revalued two shopping centers to estimated fair value due to a change in expected hold period using a discounted cash flow model with a discount rate of 7.2 % and a terminal capitalization rate of 5.25 %.

Equity and Capital

Equity and Capital	6 Months Ended
	Jun. 30, 2022
Equity And Capital [Abstract]
Equity and Capital	9. Equity and Capital Common Stock of the Parent Company Dividends Declared On August 2, 2022 , our Board of Directors declared a common stock dividend of $ 0.625 per share, payable on October 4, 2022 , to shareholders of record as of September 15, 2022 . At the Market ("ATM") Program Under the Parent Company's ATM equity offering program, the Parent Company may sell up to $ 500 million of common stock at prices determined by the market at the time of sale. During 2021, the Company entered into forward sale agreements under its ATM program to issue shares of its common stock at a weighted average offering price of $ 64.59 before any underwriting discount and offering expenses. In April 2022, the Company settled 984,618 shares subject to forward sales agreements and received proceeds of approximately $ 61.3 million, after approxim ately $ 3.3 million in underwriting discounts and offering expenses. The proceeds were used to fund acquisitions. All shares are now settled under the forward sales agreements. As of June 30, 2022, $ 350.4 million of common stock remained available for issuance under this ATM equity program. Share Repurchase Program On February 3, 2021, the Company's Board authorized a common share repurchase program under which the Company may purchase, from time to time, up to a maximum of $ 250 million of its outstanding common stock through open market purchases or in privately negotiated transactions (referred to as the "Authorized Repurchase Program"). Any shares purchased, if not retired, will be treated as treasury shares. Under the current authorization, the Authorized Repurchase Program is set to expire on February 3, 2023 , but may be modified or terminated at any time at the discretion of the Board. The timing and actual number of shares purchased under the Authorized Repurchase Program depend upon marketplace conditions, liquidity needs, and other factors. No shares had been repurchased under the Authorized Repurchase Program prior to or during the three months ended March 31, 2022. During the three months ended June 30, 2022, the Company executed multiple trades to repurchase 1,294,201 common shares under the Authorized Repurchase Program for a total of $ 75.4 million at a weighted average price of $ 58.25 per share. Due to the trade plus two business day settlement requirements, the June 30, 2022 trades representing 59,784 of these common shares repurchased for $ 3.5 million, did not settle until July 5, 2022 and remained in the Company's outstanding shares as of June 30, 2022. All repurchased shares were retired on the respective settlement dates. Common Units of the Operating Partnership Common units of the operating partnership are issued or redeemed and retired for each of the shares of Parent Company common stock issued or repurchased and retired, as described above. During the six months ended June 30, 2022 , 18,613 Partnership Units were converted to Parent Company common stock.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	10. Stock-Based Compensation During the six months ended June 30, 2022 , the Company granted 272,003 shares of restricted stock with a weighted-average grant-date fair value of $ 72.88 per share. The Company records stock-based compensation expense within General and administrative expenses in the accompanying Consolidated Statements of Operations, and records forfeitures as they occur.

Earnings per Share and Unit

Earnings per Share and Unit	6 Months Ended
	Jun. 30, 2022
Earnings Per Share And Unit [Abstract]
Earnings per Share and Unit	11. Earnings per Share and Unit Parent Company Earnings per Share The following summarizes the calculation of basic and diluted earnings per share: Three months ended June 30, Six months ended June 30, (in thousands, except per share data) 2022 2021 2022 2021 Numerator: Income attributable to common stockholders - basic $ 104,796 95,490 $ 300,024 176,146 Income attributable to common stockholders - diluted $ 104,796 95,490 $ 300,024 176,146 Denominator: Weighted average common shares outstanding for basic EPS 172,064 169,854 171,692 169,812 Weighted average common shares outstanding for diluted EPS 172,424 170,172 172,036 170,065 Income per common share – basic $ 0.61 0.56 $ 1.75 1.04 Income per common share – diluted $ 0.61 0.56 $ 1.74 1.04 Income allocated to noncontrolling interests of the Operating Partnership has been excluded from the numerator and exchangeable Operating Partnership units have been omitted from the denominator for the purpose of computing diluted earnings per share since the effect of including these amounts in the numerator and denominator would be anti-dilutive. Weighted average exchangeable Operating Partnership units outstanding were 741,433 and 762,793 for the three months ended June 30, 2022 and 2021, respectively, and were 755,393 and 763,907 for the six months ended June 30, 2022 and 2021, respectively. Operating Partnership Earnings per Unit The following summarizes the calculation of basic and diluted earnings per unit: Three months ended June 30, Six months ended June 30, (in thousands, except per share data) 2022 2021 2022 2021 Numerator: Income attributable to common unit holders - basic $ 105,248 95,922 $ 301,339 176,942 Income attributable to common unit holders - diluted $ 105,248 95,922 $ 301,339 176,942 Denominator: Weighted average common units outstanding for basic EPU 172,805 170,617 172,448 170,576 Weighted average common units outstanding for diluted EPU 173,165 170,935 172,791 170,828 Income per common unit – basic $ 0.61 0.56 $ 1.75 1.04 Income per common unit – diluted $ 0.61 0.56 $ 1.74 1.04

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	12. Commitments and Contingencies Litigation The Company is involved in litigation on a number of matters, and is subject to other disputes that arise in the ordinary course of business. While the outcome of any particular lawsuit or dispute cannot be predicted with certainty, in the opinion of management, the Company's currently pending litigation and disputes are not expected to have a material adverse effect on the Company's consolidated financial position, results of operations, or liquidity. Legal fees are expensed as incurred. Environmental The Company is subject to numerous environmental laws and regulations pertaining primarily to chemicals historically used by certain current and former dry cleaning tenants, the existence of asbestos in older shopping centers, older underground petroleum storage tanks and other historic land use. The Company believes that the ultimate disposition of currently known environmental matters will not have a material effect on its financial position, liquidity, or operations. The Company can give no assurance that existing environmental studies with respect to its shopping centers have revealed all potential environmental contaminants; that its estimate of liabilities will not change as more information becomes available; that any previous owner, occupant or tenant did not create any material environmental condition not known to the Company; that the current environmental condition of the shopping centers will not be affected by tenants and occupants, by the condition of nearby properties, or by unrelated third parties; and that changes in applicable environmental laws and regulations or their interpretation will not result in additional environmental liability to the Company. Letters of Credit The Company has the right to issue letters of credit under the Line up to an amount not to exceed $ 50.0 million, which reduces the credit availability under the Line. As of June 30, 2022 and December 31, 2021, the Company had $ 9.4 million in let ters of credit outstanding. These letters of credit are primarily issued as collateral on behalf of its captive insurance program and to facilitate the construction of development projects.

Organization and Significant _2

Organization and Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Consolidation	Consolidation The Company consolidates properties that are wholly-owned and properties where it owns less than 100%, but which it has control over the activities most important to the overall success of the partnership. Control is determined using an evaluation based on accounting standards related to the consolidation of Variable Interest Entities ("VIEs") and voting interest entities. Ownership of the Operating Partnership The Operating Partnership's capital includes general and limited common Partnership Units. As of June 30, 2022, the Parent Company owned approximately 99.6 % of the outstanding common Partnership Units of the Operating Partnership, with the remaining limited common Partnership Units held by third parties ("Exchangeable operating partnership units" or "EOP units"). Each EOP unit is exchangeable for cash or one share of common stock of the Parent Company, at the discretion of the Parent Company, and the unit holder cannot require redemption in cash or other assets. The Parent Company has evaluated the conditions as specified under Accounting Standards Codification ("ASC") Topic 480, Distinguishing Liabilities from Equity as it relates to exchangeable operating partnership units outstanding and concluded that it has the right to satisfy the redemption requirements of the units by delivering shares of unregistered common stock. Accordingly, the Parent Company classifies EOP units as permanent equity in the accompanying Consolidated Balance Sheets and Consolidated Statements of Equity and Comprehensive Income. The Parent Company serves as general partner of the Operating Partnership. The EOP unit holders have limited rights over the Operating Partnership such that they do not have the power to direct the activities of the Operating Partnership. As such, the Operating Partnership is considered a VIE, and the Parent Company, which consolidates it, is the primary beneficiary. The Parent Company's only investment is the Operating Partnership. Net income and distributions of the Operating Partnership are allocable to the general and limited common Partnership Units in accordance with their ownership percentages.
Risks and Uncertainties	Risks and Uncertainties The success of the Company's tenants in operating their businesses and their ability to pay rent continue to be significantly influenced by many challenges including the impact of inflation, labor shortages, and supply chain constraints on their cost of doing business. Additionally, macroeconomic and geopolitical risks create challenges that may exacerbate current market conditions in the United States. The policies utilized to address these issues, including raising interest rates, could result in adverse impacts on the U.S. economy, including a slowing of growth and potentially a recession, thereby impacting tenants' businesses and/or decreasing future demand for space in shopping centers. The potential impact of current economic challenges on the Company’s financial condition, results of operations, and cash flows is subject to change and continues to depend on the extent and duration of these risks and uncertainties.
Real Estate Partnerships	Real Estate Partnerships As of June 30, 2022, Regency had a partial ownership interest in 108 properties through partnerships, of which 12 are consolidated into the Company's financial statements. Regency's partners include institutional investors and other real estate developers and/or operators (the "Partners" or "limited partners"). Regency has a variable interest in these entities through its equity interests, with Regency the primary beneficiary in certain of these real estate partnerships. As such, Regency consolidates the partnerships into its financial statements for which it is the primary beneficiary and reports the limited partners’ interests as Noncontrolling interests. For those partnerships which Regency is not the primary beneficiary and does not control, but has significant influence, Regency recognizes its investment in them using the equity method of accounting. The assets of these partnerships are restricted to the use of the partnerships and cannot be used by general creditors of the Company. Similarly, the obligations of the partnerships can only be settled by the assets of these partnerships or additional contributions by the partners. The major classes of assets, liabilities, and non-controlling equity interests held by the Company's consolidated VIEs, exclusive of the Operating Partnership, are as follows: (in thousands) June 30, 2022 December 31, 2021 Assets Net real estate investments $ 112,260 379,075 Cash, cash equivalents and restricted cash 2,486 5,202 Liabilities Notes payable 4,924 5,000 Equity Limited partners' interests in consolidated partnerships 27,534 27,950
Revenues and Other Receivables	Revenues and Other Receivables Other property income includes parking fees and other incidental income from the properties and is generally recognized at the point in time that the performance obligation is met. All income from contracts with the Company's real estate partnerships is included within Management, transaction and other fees on the Consolidated Statements of Operations. The primary components of these revenue streams, the timing of satisfying the performance obligations, and amounts are as follows: Three months ended June 30, Six months ended June 30, (in thousands) Timing of satisfaction of performance obligations 2022 2021 2022 2021 Management, transaction and other fees: Property management services Over time 3,310 3,753 $ 6,928 7,524 Asset management services Over time 1,669 1,719 3,425 3,434 Leasing services Point in time 1,171 1,336 2,167 2,187 Other transaction fees Point in time 349 547 663 603 Total management, transaction, and other fees $ 6,499 7,355 $ 13,183 13,748 The accounts receivable for management services, which are included within Tenant and other receivables in the accompanying Consolidated Balance Sheets, are $ 15.3 million and $ 13.2 million , as of June 30, 2022 and December 31, 2021 , respectively.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The following table provides a brief description of recently adopted accounting pronouncements and impact on our financial statements: Standard Description Date of adoption Effect on the financial statements or other significant matters Recently adopted : ASU 2021-05, Leases (Topic 842): Lessors - Certain Leases with Variable Lease Payments The amendments in this update affect lessor lease classification. Lessors should classify and account for a lease as an operating lease if both of the following criteria are met: (1) have variable lease payments that do not depend on a reference index or a rate and (2) would have resulted in the recognition of a selling loss at lease commencement if classified as sales-type or direct financing. This update results in similar treatment under the current Topic 842 as under the previous Topic 840. January 2022 The adoption of this standard did not have a material impact to the Company's financial condition, results of operations, cash flows or related footnote disclosures as the Company's customary lease terms do not result in sales-type or direct financing classification, although future leases may.

Organization and Significant _3

Organization and Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2022
Accounting Changes and Error Corrections [Abstract]
Schedule of Variable Interest Entities	The major classes of assets, liabilities, and non-controlling equity interests held by the Company's consolidated VIEs, exclusive of the Operating Partnership, are as follows: (in thousands) June 30, 2022 December 31, 2021 Assets Net real estate investments $ 112,260 379,075 Cash, cash equivalents and restricted cash 2,486 5,202 Liabilities Notes payable 4,924 5,000 Equity Limited partners' interests in consolidated partnerships 27,534 27,950
Revenues and Other Receivables	Other property income includes parking fees and other incidental income from the properties and is generally recognized at the point in time that the performance obligation is met. All income from contracts with the Company's real estate partnerships is included within Management, transaction and other fees on the Consolidated Statements of Operations. The primary components of these revenue streams, the timing of satisfying the performance obligations, and amounts are as follows: Three months ended June 30, Six months ended June 30, (in thousands) Timing of satisfaction of performance obligations 2022 2021 2022 2021 Management, transaction and other fees: Property management services Over time 3,310 3,753 $ 6,928 7,524 Asset management services Over time 1,669 1,719 3,425 3,434 Leasing services Point in time 1,171 1,336 2,167 2,187 Other transaction fees Point in time 349 547 663 603 Total management, transaction, and other fees $ 6,499 7,355 $ 13,183 13,748
Schedule of New Accounting Pronouncements and Changes in Accounting Principles	The following table provides a brief description of recently adopted accounting pronouncements and impact on our financial statements: Standard Description Date of adoption Effect on the financial statements or other significant matters Recently adopted : ASU 2021-05, Leases (Topic 842): Lessors - Certain Leases with Variable Lease Payments The amendments in this update affect lessor lease classification. Lessors should classify and account for a lease as an operating lease if both of the following criteria are met: (1) have variable lease payments that do not depend on a reference index or a rate and (2) would have resulted in the recognition of a selling loss at lease commencement if classified as sales-type or direct financing. This update results in similar treatment under the current Topic 842 as under the previous Topic 840. January 2022 The adoption of this standard did not have a material impact to the Company's financial condition, results of operations, cash flows or related footnote disclosures as the Company's customary lease terms do not result in sales-type or direct financing classification, although future leases may.

Real Estate Investments (Tables

Real Estate Investments (Tables)	6 Months Ended
	Jun. 30, 2022
Real Estate [Abstract]
Schedule of Business Acquisitions	The following table details the shopping centers acquired or land acquired for development during the six months ended June 30, 2022. There were no such purchases during the six months ended June 30, 2021. (in thousands) Six months ended June 30, 2022 Date Purchased Property Name City/State Property Type Ownership Purchase (1) Debt (1) Intangible (1) Intangible (1) Consolidated 3/1/2022 Glenwood Green Old Bridge, NJ Development 70 % 11,000 — — — 3/31/2022 Island Village Bainbridge Island, WA Operating 100 % 30,650 — 2,900 6,839 4/1/2022 Apple Valley (2) Apple Valley, MN Operating 100 % 34,070 — 4,773 490 4/1/2022 Cedar Commons (2) Minneapolis, MN Operating 100 % 29,330 — 4,369 58 4/1/2022 Corral Hollow (2) Tracy, CA Operating 100 % 40,600 — 3,410 74 4/1/2022 Shops at the Columbia (2) Washington, DC Operating 100 % 14,000 — 889 181 5/6/2022 Baederwood Shoppes Jenkintown, PA Operating 80 % 51,603 22,779 5,796 1,062 Unconsolidated 3/25/2022 Naperville Plaza Naperville, IL Operating 20 % 52,380 22,074 4,336 814 6/24/2022 Baybrook East 1B Houston, TX Development 50 % 5,540 — — — Total property acquisitions $ 269,173 44,853 26,473 9,518 (1) Amounts reflected for purchase price and allocation are reflected at 100 %. (2) These properties were part of the four property portfolio purchased from an existing unconsolidated real partnership, RegCal, LLC, in which the Company held a 25 % ownership interest. The basis allocated to Real estate assets was $ 93.2 million on a combined basis, including the Company's carry over basis related to its 25 % previously owned equity investment in the partnership.

Property Dispositions (Tables)

Property Dispositions (Tables)	6 Months Ended
	Jun. 30, 2022
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Properties Disposed of	The following table provides a summary of consolidated shopping centers and land parcels sold during the periods set forth below: Three months ended June 30, Six months ended June 30, (in thousands, except number sold data) 2022 2021 2022 2021 Net proceeds from sale of real estate investments $ 11,497 53,718 $ 136,421 107,577 Gain on sale of real estate, net of tax 4,291 19,781 106,239 31,479 Provision for impairment of real estate sold — 135 — 135 Number of operating properties sold — 2 1 6 Number of land parcels and development project interests sold 2 — 3 1 Percent interest sold 100 % 100 % 100 % 100 %

Other Assets (Tables)

Other Assets (Tables)	6 Months Ended
	Jun. 30, 2022
Other Assets [Abstract]
Schedule of Other Assets	The following table represents the components of Other assets in the accompanying Consolidated Balance Sheets as of the dates set forth below: (in thousands) June 30, 2022 December 31, 2021 Goodwill, net $ 167,095 167,095 Investments 55,185 65,112 Prepaid and other 29,967 21,332 Deferred financing costs, net 6,302 7,448 Furniture, fixtures, and equipment, net 6,101 5,444 Derivative assets 3,950 — Total other assets $ 268,600 266,431

Notes Payable and Unsecured C_2

Notes Payable and Unsecured Credit Facilities (Tables)	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Schedule of Debt Net of Unamortized Debt Premium (Discount) and Debt Issuance Costs	The Company's outstanding debt, net of unamortized debt premium (discount) and debt issuance costs, consisted of the following as of the dates set forth below: (in thousands) Weighted Weighted June 30, 2022 December 31, 2021 Notes payable: Fixed rate mortgage loans 4.0 % 3.5 % $ 353,635 359,414 Variable rate mortgage loans (1) 3.3 % 3.6 % 137,563 115,539 Fixed rate unsecured debt 3.8 % 4.0 % 3,246,182 3,243,991 Total notes payable 3,737,380 3,718,944 Unsecured credit facilities: Line of Credit (the "Line") (2) 2.0 % 2.3 % — — Total debt outstanding $ 3,737,380 3,718,944 (1) Five of these six variable rate loans, representing $ 132.6 million of debt, have interest rate swaps in place to mitigate the interest rate fluctuation risk. Based on these swap agreements, the effective fixed rates of the five loans range from 2.5 % to 4.1 %. (2) Weighted average effective rate for the Line is calculated based on a fully drawn Line balance.
Schedule of maturities of long-term debt	Scheduled principal payments and maturities on notes payable and unsecured credit facilities were as follows: (in thousands) June 30, 2022 Scheduled Principal Payments and Maturities by Year: Scheduled Mortgage Unsecured (1) Total 2022 (2) $ 5,660 5,848 — 11,508 2023 9,695 59,376 — 69,071 2024 4,849 90,742 250,000 345,591 2025 3,732 45,000 250,000 298,732 2026 3,922 112,365 200,000 316,287 Beyond 5 Years 6,661 138,234 2,575,000 2,719,895 Unamortized debt premium/(discount) and issuance costs — 5,114 ( 28,818 ) ( 23,704 ) Total $ 34,519 456,679 3,246,182 3,737,380 (1) Includes unsecured public and private debt and unsecured credit facilities. (2) Reflects scheduled principal payments for the remainder of the year.

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of derivative instruments	The following table summarizes the terms and fair values of the Company's derivative financial instruments, as well as their classification on the Consolidated Balance Sheets: Fair Value (in thousands) Assets (Liabilities) (1) Effective Maturity Notional Receive Pay June 30, 2022 December 31, 2021 4/7/16 4/1/23 $ 18,835 1 Month LIBOR 1.303 % $ 236 ( 175 ) 12/1/16 11/1/23 31,450 1 Month LIBOR 1.490 % 686 ( 412 ) 9/17/19 3/17/25 24,000 1 Month LIBOR 1.542 % 910 ( 364 ) 6/2/17 6/2/27 35,733 1 Month LIBOR with Floor 2.366 % 956 ( 1,907 ) 12/20/19 (2) 12/19/26 24,365 1 Month LIBOR 1.750 % 1,162 — $ 3,950 ( 2,858 ) (1) Derivatives in an asset position are included within Other assets in the accompanying Consolidated Balance Sheets, while those in a liability position are included within Accounts payable and other liabilities . (2) The Company assumed this interest rate swap which hedges debt also assumed with the purchase of Baederwood Shoppes in May 2022.
Derivative Instruments, Gain (Loss)	The following table represents the effect of the derivative financial instruments on the accompanying consolidated financial statements: Location and Amount of Gain (Loss) Recognized in OCI on Derivative Location and Amount of Gain (Loss) Reclassified from AOCI into Income Total amounts presented in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded Three months ended June 30, Three months ended June 30, Three months ended June 30, (in thousands) 2022 2021 2022 2021 2022 2021 Interest rate swaps $ 4,436 ( 2,302 ) Interest expense $ 481 1,034 Interest expense, net $ 36,699 35,812 Six months ended June 30, Six months ended June 30, Six months ended June 30, (in thousands) 2022 2021 2022 2021 2022 2021 Interest rate swaps $ 13,404 3,508 Interest expense $ 1,491 2,069 Interest expense, net $ 73,437 72,748

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Operating Lease, Lease Income	The following table provides a disaggregation of lease income recognized as either fixed or variable lease income based on the criteria specified in ASC Topic 842: (in thousands) Three months ended June 30, Six months ended June 30, 2022 2021 2022 2021 Operating lease income Fixed and in-substance fixed lease income $ 211,838 197,234 $ 419,340 393,288 Variable lease income 67,890 68,661 139,916 132,728 Other lease related income, net: Above/below market rent and tenant rent inducement amortization, net 5,613 6,007 11,302 12,003 Uncollectible straight-line rent 2,623 ( 1,792 ) 4,905 ( 3,827 ) Uncollectible amounts billable in lease income 4,900 6,620 11,046 8,895 Total lease income $ 292,864 276,730 $ 586,509 543,087
Components Of Tenant And Other Receivables	The following table represents the components of Tenant and other receivables in the accompanying Consolidated Balance Sheets: (in thousands) June 30, 2022 December 31, 2021 Tenant receivables $ 21,135 $ 27,354 Straight-line rent receivables 115,427 103,942 Other receivables (1) 23,081 21,795 Total tenant and other receivables $ 159,643 $ 153,091 (1) Other receivables include construction receivables, insurance receivables, and amounts due from real estate partnerships for Management, transaction and other fee income.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Summary of balance sheet fair values	All financial instruments of the Company are reflected in the accompanying Consolidated Balance Sheets at amounts which, in management's estimation, reasonably approximate their fair values, except for the following: June 30, 2022 December 31, 2021 (in thousands) Carrying Fair Value Carrying Fair Value Financial liabilities: Notes payable $ 3,737,380 3,525,203 3,718,944 4,103,533
Summary of assets measured on recurring basis	The following tables present the placement in the fair value hierarchy of assets and liabilities that are measured at fair value on a recurring basis: Fair Value Measurements as of June 30, 2022 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (in thousands) Balance (Level 1) (Level 2) (Level 3) Assets: Securities $ 40,746 40,746 — — Available-for-sale debt securities 14,439 — 14,439 — Interest rate derivatives 3,950 — 3,950 — Total $ 59,135 40,746 18,389 — Fair Value Measurements as of December 31, 2021 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (in thousands) Balance (Level 1) (Level 2) (Level 3) Assets: Securities $ 49,513 49,513 — — Available-for-sale debt securities 15,599 — 15,599 — Interest rate derivatives — — — — Total $ 65,112 49,513 15,599 — Liabilities: Interest rate derivatives $ ( 2,858 ) — ( 2,858 ) —
Summary of assets measured on non-recurring basis	The following table presents the placement in the fair value hierarchy of assets and liabilities that are measured at fair value on a nonrecurring basis: Fair Value Measurements as of December 31, 2021 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Total Gains (in thousands) Balance (Level 1) (Level 2) (Level 3) (Losses) Operating properties $ 140,500 — — 140,500 ( 84,277 )

Earnings per Share and Unit (Ta

Earnings per Share and Unit (Tables)	6 Months Ended
	Jun. 30, 2022
Schedule of earnings per share	The following summarizes the calculation of basic and diluted earnings per share: Three months ended June 30, Six months ended June 30, (in thousands, except per share data) 2022 2021 2022 2021 Numerator: Income attributable to common stockholders - basic $ 104,796 95,490 $ 300,024 176,146 Income attributable to common stockholders - diluted $ 104,796 95,490 $ 300,024 176,146 Denominator: Weighted average common shares outstanding for basic EPS 172,064 169,854 171,692 169,812 Weighted average common shares outstanding for diluted EPS 172,424 170,172 172,036 170,065 Income per common share – basic $ 0.61 0.56 $ 1.75 1.04 Income per common share – diluted $ 0.61 0.56 $ 1.74 1.04
Partnership Interest [Member]
Schedule of earnings per share	The following summarizes the calculation of basic and diluted earnings per unit: Three months ended June 30, Six months ended June 30, (in thousands, except per share data) 2022 2021 2022 2021 Numerator: Income attributable to common unit holders - basic $ 105,248 95,922 $ 301,339 176,942 Income attributable to common unit holders - diluted $ 105,248 95,922 $ 301,339 176,942 Denominator: Weighted average common units outstanding for basic EPU 172,805 170,617 172,448 170,576 Weighted average common units outstanding for diluted EPU 173,165 170,935 172,791 170,828 Income per common unit – basic $ 0.61 0.56 $ 1.75 1.04 Income per common unit – diluted $ 0.61 0.56 $ 1.74 1.04

Organization and Significant _4

Organization and Significant Accounting Policies - Organization and Principles of Consolidation (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($) RetailShoppingCenter	Dec. 31, 2021 USD ($)
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Unsecured public and private notes | $	$ 200,000
Tenant and other receivables | $	159,643	$ 153,091
Management, transaction, and other fee [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Tenant and other receivables | $	$ 15,300	$ 13,200
Operating Partnership [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Ownership percentage of outstanding common partnership units	99.60%
Wholly Owned Properties [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of real estate properties	308
Partially Owned Properties [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of real estate properties	108
Consolidated Properties [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of real estate properties	12
Unconsolidated Properties [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of real estate properties	96

Organization and Significant _5

Organization and Significant Accounting Policies - Schedule of Variable Interest Entities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Variable Interest Entity [Line Items]
Variable interest entity, consolidated, carrying amount, assets	$ 10,901,815	$ 10,792,563
Variable interest entity, consolidated, carrying amount, liabilities	4,695,680	4,682,631
Noncontrolling interest in variable interest entity	27,534	27,950
Variable Interest Entity, Primary Beneficiary [Member] | Notes Payable [Member]
Variable Interest Entity [Line Items]
Variable interest entity, consolidated, carrying amount, liabilities	4,924	5,000
Variable Interest Entity, Primary Beneficiary [Member] | Net Real Estate Investments [Member]
Variable Interest Entity [Line Items]
Variable interest entity, consolidated, carrying amount, assets	112,260	379,075
Variable Interest Entity, Primary Beneficiary [Member] | Cash, Cash Equivalents, and Restricted Cash [Member]
Variable Interest Entity [Line Items]
Variable interest entity, consolidated, carrying amount, assets	$ 2,486	$ 5,202

Organization and Significant _6

Organization and Significant Accounting Policies - Components of Revenue Streams, Timing of Satisfying Performance Obligations, and Amounts (Details) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Schedule of management, transaction, and other fees [Line Items]
Management, transaction, and other fees	$ 6,499	$ 7,355	$ 13,183	$ 13,748
Property management services [Member]
Schedule of management, transaction, and other fees [Line Items]
Management, transaction, and other fees	3,310	3,753	$ 6,928	7,524
Timing of satisfaction of performance obligations			Over time
Asset management services [Member]
Schedule of management, transaction, and other fees [Line Items]
Management, transaction, and other fees	1,669	1,719	$ 3,425	3,434
Timing of satisfaction of performance obligations			Over time
Leasing services [Member]
Schedule of management, transaction, and other fees [Line Items]
Management, transaction, and other fees	1,171	1,336	$ 2,167	2,187
Timing of satisfaction of performance obligations			Point in time
Other transaction fees [Member]
Schedule of management, transaction, and other fees [Line Items]
Management, transaction, and other fees	$ 349	$ 547	$ 663	$ 603
Timing of satisfaction of performance obligations			Point in time

Organization and Significant _7

Organization and Significant Accounting Policies - Schedule of Recently Adopted Accounting Pronouncements (Details) - ASU 2021-05 [Member]	Jun. 30, 2022
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Change in accounting principle accounting standards update adopted	true
Change in accounting principle, accounting standards update, adoption date	Jan. 01, 2022
Change in accounting principle, accounting standards update, immaterial effect [true false]	true

Real Estate Investments - Sched

Real Estate Investments - Schedule of Business Acquisitions (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Business Acquisition [Line Items]
Purchase Price	$ 269,173	[1]
Debt Assumed, Net of Discounts	44,853	[1]
Off-Market Favorable Lease [Member]
Business Acquisition [Line Items]
Intangible Assets/Liabilities	26,473	[1]
Off-Market Lease, Unfavorable [Member]
Business Acquisition [Line Items]
Intangible Assets/Liabilities	$ 9,518	[1]
Glenwood Green [Member]
Business Acquisition [Line Items]
Date Purchased	Mar. 01, 2022
Property Name	Glenwood Green
City/State	Old Bridge, NJ
Ownership	70%
Purchase Price	$ 11,000	[1]
Island Village [Member]
Business Acquisition [Line Items]
Date Purchased	Mar. 31, 2022
Property Name	Island Village
City/State	Bainbridge Island, WA
Ownership	100%
Purchase Price	$ 30,650	[1]
Island Village [Member] | Off-Market Favorable Lease [Member]
Business Acquisition [Line Items]
Intangible Assets/Liabilities	2,900	[1]
Island Village [Member] | Off-Market Lease, Unfavorable [Member]
Business Acquisition [Line Items]
Intangible Assets/Liabilities	$ 6,839	[1]
Apple Valley [Member]
Business Acquisition [Line Items]
Date Purchased	Apr. 01, 2022	[2]
Property Name	Apple Valley	[2]
City/State	Apple Valley, MN	[2]
Ownership	100%	[2]
Purchase Price	$ 34,070	[1],[2]
Apple Valley [Member] | Off-Market Favorable Lease [Member]
Business Acquisition [Line Items]
Intangible Assets/Liabilities	4,773	[1],[2]
Apple Valley [Member] | Off-Market Lease, Unfavorable [Member]
Business Acquisition [Line Items]
Intangible Assets/Liabilities	$ 490	[1],[2]
Cedar Commons [Member]
Business Acquisition [Line Items]
Date Purchased	Apr. 01, 2022	[2]
Property Name	Cedar Commons	[2]
City/State	Minneapolis, MN	[2]
Ownership	100%	[2]
Purchase Price	$ 29,330	[1],[2]
Cedar Commons [Member] | Off-Market Favorable Lease [Member]
Business Acquisition [Line Items]
Intangible Assets/Liabilities	4,369	[1],[2]
Cedar Commons [Member] | Off-Market Lease, Unfavorable [Member]
Business Acquisition [Line Items]
Intangible Assets/Liabilities	$ 58	[1],[2]
Corral Hollow [Member]
Business Acquisition [Line Items]
Date Purchased	Apr. 01, 2022	[2]
Property Name	Corral Hollow	[2]
City/State	Tracy, CA	[2]
Ownership	100%	[2]
Purchase Price	$ 40,600	[1],[2]
Corral Hollow [Member] | Off-Market Favorable Lease [Member]
Business Acquisition [Line Items]
Intangible Assets/Liabilities	3,410	[1],[2]
Corral Hollow [Member] | Off-Market Lease, Unfavorable [Member]
Business Acquisition [Line Items]
Intangible Assets/Liabilities	$ 74	[1],[2]
Shops at The Columbia [Member]
Business Acquisition [Line Items]
Date Purchased	Apr. 01, 2022	[2]
Property Name	Shops at the Columbia	[2]
City/State	Washington, DC	[2]
Ownership	100%	[2]
Purchase Price	$ 14,000	[1],[2]
Shops at The Columbia [Member] | Off-Market Favorable Lease [Member]
Business Acquisition [Line Items]
Intangible Assets/Liabilities	889	[1],[2]
Shops at The Columbia [Member] | Off-Market Lease, Unfavorable [Member]
Business Acquisition [Line Items]
Intangible Assets/Liabilities	$ 181	[1],[2]
Baederwood Shoppes [Member]
Business Acquisition [Line Items]
Date Purchased	May 06, 2022
Property Name	Baederwood Shoppes
City/State	Jenkintown, PA
Ownership	80%
Purchase Price	$ 51,603	[1]
Debt Assumed, Net of Discounts	22,779	[1]
Baederwood Shoppes [Member] | Off-Market Favorable Lease [Member]
Business Acquisition [Line Items]
Intangible Assets/Liabilities	5,796	[1]
Baederwood Shoppes [Member] | Off-Market Lease, Unfavorable [Member]
Business Acquisition [Line Items]
Intangible Assets/Liabilities	$ 1,062	[1]
Naperville Plaza [Member]
Business Acquisition [Line Items]
Date Purchased	Mar. 25, 2022
Property Name	Naperville Plaza
City/State	Naperville, IL
Ownership	20%
Purchase Price	$ 52,380	[1]
Debt Assumed, Net of Discounts	22,074	[1]
Naperville Plaza [Member] | Off-Market Favorable Lease [Member]
Business Acquisition [Line Items]
Intangible Assets/Liabilities	4,336	[1]
Naperville Plaza [Member] | Off-Market Lease, Unfavorable [Member]
Business Acquisition [Line Items]
Intangible Assets/Liabilities	$ 814	[1]
Baybrook East 1B [Member]
Business Acquisition [Line Items]
Date Purchased	Jun. 24, 2022
Property Name	Baybrook East 1B
City/State	Houston, TX
Ownership	50%
Purchase Price	$ 5,540	[1]
[1] Amounts reflected for purchase price and allocation are reflected at 100 %. These properties were part of the four property portfolio purchased from an existing unconsolidated real partnership, RegCal, LLC, in which the Company held a 25 % ownership interest. The basis allocated to Real estate assets was $ 93.2 million on a combined basis, including the Company's carry over basis related to its 25 % previously owned equity investment in the partnership.

Real Estate Investments - Sch_2

Real Estate Investments - Schedule of Business Acquisitions (Parenthetical) (Details) $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($)
Business Acquisition [Line Items]
Percentage of purchase price and allocation	100%
Percentage of purchase price of property	25%
RegCal, LLC [Member]
Business Acquisition [Line Items]
Business acquisition gross purchase price	$ 93.2
Percentage of equity interest acquired	25%

Property Dispositions (Details)

Property Dispositions (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($) Property	Jun. 30, 2021 USD ($) Property	Jun. 30, 2022 USD ($) Property	Jun. 30, 2021 USD ($) Property
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net proceeds from sale of real estate investments | $	$ 11,497	$ 53,718	$ 136,421	$ 107,577
Gain on sale of real estate, net of tax | $	$ 4,291	19,781	$ 106,239	31,479
Provision for impairment of real estate sold | $		$ 135		$ 135
Land Parcel [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of properties sold classified as held for sale | Property	1		1
Wholly Owned Properties [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Percent interest sold	100%	100%	100%	100%
Operating Properties [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties sold | Property		2	1	6
Land Parcels and Development Project Interests [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties sold | Property	2		3	1

Schedule of Other Assets (Detai

Schedule of Other Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Other Assets [Abstract]
Goodwill, net	$ 167,095	$ 167,095
Investments	55,185	65,112
Prepaid and other	29,967	21,332
Deferred financing costs, net	6,302	7,448
Furniture, fixtures, and equipment, net	6,101	5,444
Derivative assets	3,950
Total other assets	$ 268,600	$ 266,431

Schedule of Goodwill (Details)

Schedule of Goodwill (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Goodwill [Line Items]
Goodwill, Beginning balance	$ 167,095
Goodwill, Ending balance	$ 167,095

Notes Payable and Unsecured C_3

Notes Payable and Unsecured Credit Facilities - Schedule of Debt Net of Unamortized Debt Premium (Discount) and Debt Issuance Costs (Details) - USD ($) $ in Thousands		Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Long-term Debt		$ 3,737,380	$ 3,718,944
Fixed Rate Mortgage Loans [Member]
Debt Instrument [Line Items]
Debt, Weighted Average Contractual Interest Rate		4%
Debt, Weighted Average Effective Interest Rate		3.50%
Long-term Debt		$ 353,635	359,414
Unsecured Debt [Member]
Debt Instrument [Line Items]
Debt, Weighted Average Contractual Interest Rate		3.80%
Debt, Weighted Average Effective Interest Rate		4%
Long-term Debt		$ 3,246,182	3,243,991
Notes Payable to Banks [Member]
Debt Instrument [Line Items]
Long-term Debt		$ 3,737,380	3,718,944
Line of Credit [Member]
Debt Instrument [Line Items]
Debt, Weighted Average Contractual Interest Rate	[1]	2%
Debt, Weighted Average Effective Interest Rate	[1]	2.30%
London Interbank Offered Rate (LIBOR) [Member] | Variable Rate Mortgage Loans [Member]
Debt Instrument [Line Items]
Debt, Weighted Average Contractual Interest Rate	[2]	3.30%
Debt, Weighted Average Effective Interest Rate	[2]	3.60%
Long-term Debt	[2]	$ 137,563	$ 115,539
[1] Weighted average effective rate for the Line is calculated based on a fully drawn Line balance. Five of these six variable rate loans, representing $ 132.6 million of debt, have interest rate swaps in place to mitigate the interest rate fluctuation risk. Based on these swap agreements, the effective fixed rates of the five loans range from 2.5 % to 4.1 %.

Notes Payable and Unsecured C_4

Notes Payable and Unsecured Credit Facilities - Schedule of Debt Net of Unamortized Debt Premium (Discount) and Debt Issuance Costs (Parentheticals) (Details) - USD ($) $ in Thousands		Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Long-term Debt		$ 3,737,380	$ 3,718,944
Variable Rate Mortgage Loans [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Long-term Debt	[1]	137,563	$ 115,539
Variable Rate Mortgage Loans [Member] | London Interbank Offered Rate (LIBOR) [Member] | Interest Rate Swaps [Member]
Debt Instrument [Line Items]
Long-term Debt		$ 132,600
Variable Rate Mortgage Loans [Member] | Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt instrument, effective fixed interest rate		2.50%
Variable Rate Mortgage Loans [Member] | Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt instrument, effective fixed interest rate		4.10%
[1] Five of these six variable rate loans, representing $ 132.6 million of debt, have interest rate swaps in place to mitigate the interest rate fluctuation risk. Based on these swap agreements, the effective fixed rates of the five loans range from 2.5 % to 4.1 %.

Notes Payable and Unsecured C_5

Notes Payable and Unsecured Credit Facilities - Schedule of Maturities of Long-term Debt (Details) - USD ($) $ in Thousands		Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
2022	[1]	$ 11,508
2023		69,071
2024		345,591
2025		298,732
2026		316,287
Beyond 5 Years		2,719,895
Unamortized debt premium/(discount) and issuance costs		(23,704)
Total		3,737,380	$ 3,718,944
Unsecured Debt [Member]
Debt Instrument [Line Items]
Total		3,246,182	$ 3,243,991
Scheduled Principal Payments [Member] | Mortgages [Member]
Debt Instrument [Line Items]
2022	[1]	5,660
2023		9,695
2024		4,849
2025		3,732
2026		3,922
Beyond 5 Years		6,661
Total		34,519
Mortgage Loan Maturities [Member] | Mortgages [Member]
Debt Instrument [Line Items]
2022	[1]	5,848
2023		59,376
2024		90,742
2025		45,000
2026		112,365
Beyond 5 Years		138,234
Unamortized debt premium/(discount) and issuance costs		5,114
Total		456,679
Unsecured Maturities [Member] | Unsecured Debt [Member]
Debt Instrument [Line Items]
2024	[2]	250,000
2025	[2]	250,000
2026	[2]	200,000
Beyond 5 Years	[2]	2,575,000
Unamortized debt premium/(discount) and issuance costs	[2]	(28,818)
Total	[2]	$ 3,246,182
[1] Reflects scheduled principal payments for the remainder of the year. Includes unsecured public and private debt and unsecured credit facilities.

Derivative Financial Instrume_3

Derivative Financial Instruments (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Derivative [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax		$ 4,436	$ (2,302)	$ 13,404	$ 3,508
Amount reclassified from accumulated other comprehensive loss		481	1,034	1,491	2,069
Interest Expense		36,699	$ 35,812	73,437	$ 72,748
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months				2,100
Fair Value Inputs Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Derivative [Line Items]
Assets (Liabilities)	[1]	3,950		$ 3,950		$ (2,858)
Derivative @ 1.303% [Member]
Derivative [Line Items]
Derivative, Inception Date				Apr. 07, 2016
Derivative, Maturity Date				Apr. 01, 2023
Derivative, Notional Amount		$ 18,835		$ 18,835
Derivative, Description of Variable Rate Basis				1 Month LIBOR
Derivative, Fixed Interest Rate		1.303%		1.303%
Assets (Liabilities)	[1]	$ 236		$ 236		(175)
Derivative @ 1.490% [Member]
Derivative [Line Items]
Derivative, Inception Date				Dec. 01, 2016
Derivative, Maturity Date				Nov. 01, 2023
Derivative, Notional Amount		$ 31,450		$ 31,450
Derivative, Description of Variable Rate Basis				1 Month LIBOR
Derivative, Fixed Interest Rate		1.49%		1.49%
Assets (Liabilities)	[1]	$ 686		$ 686		(412)
Derivative @ 1.542% [Member]
Derivative [Line Items]
Derivative, Inception Date				Sep. 17, 2019
Derivative, Maturity Date				Mar. 17, 2025
Derivative, Notional Amount		$ 24,000		$ 24,000
Derivative, Description of Variable Rate Basis				1 Month LIBOR
Derivative, Fixed Interest Rate		1.542%		1.542%
Assets (Liabilities)	[1]	$ 910		$ 910		(364)
Derivative @ 2.366% [Member]
Derivative [Line Items]
Derivative, Inception Date				Jun. 02, 2017
Derivative, Maturity Date				Jun. 02, 2027
Derivative, Notional Amount		$ 35,733		$ 35,733
Derivative, Description of Variable Rate Basis				1 Month LIBOR with Floor
Derivative, Fixed Interest Rate		2.366%		2.366%
Assets (Liabilities)	[1]	$ 956		$ 956		$ (1,907)
Derivative @ 1.750% [Member]
Derivative [Line Items]
Derivative, Inception Date	[2]			Dec. 20, 2019
Derivative, Maturity Date				Dec. 19, 2026
Derivative, Notional Amount		$ 24,365		$ 24,365
Derivative, Description of Variable Rate Basis				1 Month LIBOR
Derivative, Fixed Interest Rate		1.75%		1.75%
Assets (Liabilities)	[1]	$ 1,162		$ 1,162
[1] Derivatives in an asset position are included within Other assets in the accompanying Consolidated Balance Sheets, while those in a liability position are included within Accounts payable and other liabilities The Company assumed this interest rate swap which hedges debt also assumed with the purchase of Baederwood Shoppes in May 2022.

Leases (Details)

Leases (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended		12 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Operating Leased Assets [Line Items]
Fixed and in-substance fixed lease income		$ 211,838	$ 197,234	$ 419,340	$ 393,288
Variable lease income		67,890	68,661	139,916	132,728
Uncollectible straight-line rent		2,623	(1,792)	4,905	(3,827)
Uncollectible amounts billable in lease income		4,900	6,620	11,046	8,895
Total lease income		292,864	276,730	586,509	543,087
Accounts and Notes Receivable, Net		159,643		159,643		$ 153,091
Straight-line rent receivables				115,427		103,942
Tenant Receivables [Member]
Operating Leased Assets [Line Items]
Accounts and Notes Receivable, Net		21,135		21,135		27,354
Other Receivable [Member]
Operating Leased Assets [Line Items]
Accounts and Notes Receivable, Net	[1]	23,081		23,081		$ 21,795
Lessor [Member]
Operating Leased Assets [Line Items]
Above/below market rent and tenant rent inducement amortization, net		$ 5,613	$ 6,007	$ 11,302	$ 12,003
[1] Other receivables include construction receivables, insurance receivables, and amounts due from real estate partnerships for Management, transaction and other fee income.

Fair Value Measurements (Detail

Fair Value Measurements (Details) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes payable	$ 3,737,380		$ 3,737,380		$ 3,718,944
Unrealized (losses) and gains on equity securities	(5,500)	$ 1,400	(8,500)	$ 1,800
Impairment of Real Estate		$ (135)		$ (135)
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	40,746		40,746		49,513
Available-for-sale debt securities	14,439		14,439		15,599
Interest rate derivatives	3,950		3,950
Total	59,135		59,135		65,112
Interest rate derivatives					(2,858)
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Operating properties					140,500
Impairment of Real Estate					(84,277)
Fair Value Inputs Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes payable, Fair Value	3,525,203		3,525,203		4,103,533
Fair Value Inputs Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	14,439		14,439		15,599
Interest rate derivatives	3,950		3,950
Total	18,389		18,389		15,599
Interest rate derivatives					(2,858)
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	40,746		40,746		49,513
Total	$ 40,746		$ 40,746		$ 49,513
Fair Value, Inputs, Level 3 [Member] | Discount Rate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Alternative Investment Rate					0.072
Fair Value, Inputs, Level 3 [Member] | Terminal Capitalization Rate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Alternative Investment Rate					0.0525
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Operating properties					$ 140,500

Equity and Capital - Additional

Equity and Capital - Additional Information (Details) - USD ($)				1 Months Ended	3 Months Ended			6 Months Ended
	Aug. 02, 2022	Jul. 05, 2022	Feb. 03, 2021	Apr. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Class of Stock [Line Items]
Common stock dividend declared, per share					$ 0.625		$ 0.595	$ 1.250	$ 1.190
Net proceeds from common stock issuance								$ 61,284,000
Common stock remaining available for Issuance					350,400,000			350,400,000
Stock repurchase program, authorized amount			$ 250,000,000
Stock repurchase program expiration date			Feb. 03, 2023
Stock repurchased and retired during period, value					$ (75,419,000)			$ (75,419,000)
Subsequent Event [Member]
Class of Stock [Line Items]
Common stock dividend declared, per share	$ 0.625
Common stock, dividends payable date	Oct. 04, 2022
Common stock, dividends record date	Sep. 15, 2022
Common stock, dividends declared date	Aug. 02, 2022
Common Stock [Member]
Class of Stock [Line Items]
Issuance of exchangeable operating partnership, units								18,613
Common Stock [Member] | AOCI Attributable to Parent [Member]
Class of Stock [Line Items]
Stock repurchased and retired during period, shares					1,294,201
Stock repurchased and retired during period, value					$ 75,400,000	$ 0
Shares repurchased weighted average price per share					$ 58.25
Common Stock [Member] | AOCI Attributable to Parent [Member] | Subsequent Event [Member]
Class of Stock [Line Items]
Stock repurchased and retired during period, shares		59,784
Stock repurchased and retired during period, value		$ 3,500,000
ATM Equity Offering Program [Member] | Forward Equity Offering [Member]
Class of Stock [Line Items]
Number of shares issuable				984,618
Sale of stock, average offering price										$ 64.59
Underwriting discount and offering expense				$ 3,300,000
Net proceeds from common stock issuance				$ 61,300,000
Maximum [Member]
Class of Stock [Line Items]
Equity issuances, common shares authorized for issuance					500,000,000			500,000,000

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - Restricted Stock [Member]	6 Months Ended
	Jun. 30, 2022 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted | shares	272,003
Weighted average grant date fair value (in dollars per share) | $ / shares	$ 72.88

Earnings per Share and Unit (De

Earnings per Share and Unit (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share Basic [Line Items]
Income per common share - basic	$ 0.61	$ 0.56	$ 1.75	$ 1.04
Income per common share - diluted	$ 0.61	$ 0.56	$ 1.74	$ 1.04
Weighted Average Limited Partnership Units Outstanding, Basic	741,433	762,793	755,393	763,907
Continuing Operations [Member] | Parent Company [Member]
Earnings Per Share Basic [Line Items]
Income attributable to common stockholders/unit holders - basic	$ 104,796	$ 95,490	$ 300,024	$ 176,146
Income attributable to common stockholders/unit holders - diluted	$ 104,796	$ 95,490	$ 300,024	$ 176,146
Weighted average common shares/units outstanding for basic EPS/EPU	172,064,000	169,854,000	171,692,000	169,812,000
Weighted average common shares/units outstanding for diluted EPS/EPU	172,424,000	170,172,000	172,036,000	170,065,000
Income per common share - basic	$ 0.61	$ 0.56	$ 1.75	$ 1.04
Income per common share - diluted	$ 0.61	$ 0.56	$ 1.74	$ 1.04
Continuing Operations [Member] | Partnership Interest [Member]
Earnings Per Share Basic [Line Items]
Income attributable to common stockholders/unit holders - basic	$ 105,248	$ 95,922	$ 301,339	$ 176,942
Income attributable to common stockholders/unit holders - diluted	$ 105,248	$ 95,922	$ 301,339	$ 176,942
Weighted average common shares/units outstanding for basic EPS/EPU	172,805,000	170,617,000	172,448,000	170,576,000
Weighted average common shares/units outstanding for diluted EPS/EPU	173,165,000	170,935,000	172,791,000	170,828,000
Income per common share - basic	$ 0.61	$ 0.56	$ 1.75	$ 1.04
Income per common share - diluted	$ 0.61	$ 0.56	$ 1.74	$ 1.04

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Line of Credit Facility, Maximum Borrowing Capacity	$ 50
Letters of Credit Outstanding, Amount	$ 9.4	$ 9.4