Regency Centers (REG) 10-Q 5 May 23 2023 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2023	May 03, 2023
Document Information [Line Items]
Entity Registrant Name	REGENCY CENTERS CORPORATION
Entity Central Index Key	0000910606
Document Type	10-Q
Document Period End Date	Mar. 31, 2023
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
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		170,978,967
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	Mar. 31, 2023	Dec. 31, 2022
Net real estate investments:
Real estate assets, at cost	$ 11,886,697	$ 11,858,064
Less: accumulated depreciation	2,484,960	2,415,860
Real estate assets, net	9,401,737	9,442,204
Investments in real estate partnerships	346,390	350,377
Net real estate investments	9,748,127	9,792,581
Cash, cash equivalents, and restricted cash, including $2,955 and $2,310 of restricted cash at March 31, 2023 and December 31, 2022, respectively	68,143	68,776
Tenant and other receivables	181,579	188,863
Deferred leasing costs, less accumulated amortization of $118,766 and $117,137 at March 31, 2023 and December 31,2022, respectively	68,567	68,945
Acquired lease intangible assets, less accumulated amortization of $344,460 and $338,053 at March 31, 2023 and December 31, 2022 respectively	188,636	197,745
Right of use assets, net	273,702	275,513
Other assets	276,926	267,797
Total assets	10,805,680	10,860,220
Liabilities:
Notes payable	3,711,784	3,726,754
Unsecured credit facility	30,000
Accounts payable and other liabilities	289,297	317,259
Acquired lease intangible liabilities, less accumulated amortization of $199,840 and $193,315 at March 31, 2023 and December 31, 2022, respectively	346,939	354,204
Lease liabilities	212,582	213,722
Tenants' security, escrow deposits and prepaid rent	75,643	70,242
Total liabilities	4,666,245	4,682,181
Commitments and contingencies
Shareholders' equity/Partners' capital:
Common stock, $0.01 par value per share, 220,000,000 shares authorized; 170,958,422 and 171,124,593 shares issued at March 31, 2023 and December 31, 2022, respectively	1,710	1,711
Treasury stock at cost, 483,782 and 465,415 shares held at March 31, 2023 and December 31, 2022, respectively	(25,699)	(24,461)
Additional paid-in-capital	7,856,426	7,877,152
Accumulated other comprehensive income	3,927	7,560
Distributions in excess of net income	(1,779,043)	(1,764,977)
Total shareholders' equity	6,057,321	6,096,985
Noncontrolling interests:
Exchangeable operating partnership units, aggregate redemption value of $45,361 and $46,340 at March 31, 2023 and December 31, 2022, respectively	34,411	34,489
Limited partners' interests in consolidated partnerships	47,703	46,565
Total noncontrolling interests	82,114	81,054
Total equity	6,139,435	6,178,039
Total liabilities and equity	10,805,680	10,860,220
Partnership Interest [Member]
Net real estate investments:
Real estate assets, at cost	11,886,697	11,858,064
Less: accumulated depreciation	2,484,960	2,415,860
Real estate assets, net	9,401,737	9,442,204
Investments in real estate partnerships	346,390	350,377
Net real estate investments	9,748,127	9,792,581
Cash, cash equivalents, and restricted cash, including $2,955 and $2,310 of restricted cash at March 31, 2023 and December 31, 2022, respectively	68,143	68,776
Tenant and other receivables	181,579	188,863
Deferred leasing costs, less accumulated amortization of $118,766 and $117,137 at March 31, 2023 and December 31,2022, respectively	68,567	68,945
Acquired lease intangible assets, less accumulated amortization of $344,460 and $338,053 at March 31, 2023 and December 31, 2022 respectively	188,636	197,745
Right of use assets, net	273,702	275,513
Other assets	276,926	267,797
Total assets	10,805,680	10,860,220
Liabilities:
Notes payable	3,711,784	3,726,754
Unsecured credit facility	30,000
Accounts payable and other liabilities	289,297	317,259
Acquired lease intangible liabilities, less accumulated amortization of $199,840 and $193,315 at March 31, 2023 and December 31, 2022, respectively	346,939	354,204
Lease liabilities	212,582	213,722
Tenants' security, escrow deposits and prepaid rent	75,643	70,242
Total liabilities	4,666,245	4,682,181
Commitments and contingencies
Shareholders' equity/Partners' capital:
General partner; 170,958,422 and 171,124,593 units outstanding at March 31, 2023 and December 31, 2022, respectively	6,053,394	6,089,425
Limited partners; 741,433 units outstanding at March 31, 2023 and December 31, 2022	34,411	34,489
Accumulated other comprehensive income	3,927	7,560
Total partners' capital	6,091,732	6,131,474
Noncontrolling interests:
Limited partners' interests in consolidated partnerships	47,703	46,565
Total capital	6,139,435	6,178,039
Total liabilities and equity	$ 10,805,680	$ 10,860,220

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Restricted cash and cash equivalent	$ 2,955	$ 2,310
Deferred costs accumulated amortization	118,766	117,137
Accumulated amortization of acquired lease intangible assets	344,460	338,053
Accumulated accretion of acquired lease intangible liabilities	$ 199,840	$ 193,315
Common stock, par value per share	$ 0.01	$ 0.01
Common stock, shares authorized	220,000,000	220,000,000
Common stock, shares issued	170,958,422	171,124,593
Treasury stock, shares held at cost	483,782	465,415
Exchangeable operating partnership units aggregate redemption value	$ 45,361	$ 46,340
Partnership Interest [Member]
Restricted cash and cash equivalent	2,955	2,310
Deferred costs accumulated amortization	118,766	117,137
Accumulated amortization of acquired lease intangible assets	344,460	338,053
Accumulated accretion of acquired lease intangible liabilities	$ 199,840	$ 193,315
General partner units, outstanding	170,958,422	171,124,593
Limited partner units, outstanding	741,433	741,433

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenues:
Lease income	$ 308,801	$ 293,645
Other property income	3,138	3,104
Management, transaction, and other fees	6,038	6,684
Total revenues	317,977	303,433
Operating expenses:
Depreciation and amortization	82,707	77,842
Property operating expense	51,022	46,461
Real estate taxes	38,477	36,869
General and administrative	25,280	18,792
Other operating (income) expenses	(497)	2,173
Total operating expenses	196,989	182,137
Other expense (income):
Interest expense, net	36,393	36,738
Gain on sale of real estate, net of tax	(250)	(101,948)
Net investment (income) loss	(1,727)	2,494
Total other expense (income)	34,416	(62,716)
Income from operations before equity in income of investments in real estate partnerships	86,572	184,012
Equity in income of investments in real estate partnerships	11,916	12,804
Net income	98,488	196,816
Noncontrolling interests:
Exchangeable operating partnership units	(420)	(863)
Limited partners' interests in consolidated partnerships	(787)	(725)
Income attributable to noncontrolling interests	(1,207)	(1,588)
Net income attributable to common shareholders	$ 97,281	$ 195,228
Income per common share - basic	$ 0.57	$ 1.14
Income per common share - diluted	$ 0.57	$ 1.14
Partnership Interest [Member]
Revenues:
Lease income	$ 308,801	$ 293,645
Other property income	3,138	3,104
Management, transaction, and other fees	6,038	6,684
Total revenues	317,977	303,433
Operating expenses:
Depreciation and amortization	82,707	77,842
Property operating expense	51,022	46,461
Real estate taxes	38,477	36,869
General and administrative	25,280	18,792
Other operating (income) expenses	(497)	2,173
Total operating expenses	196,989	182,137
Other expense (income):
Interest expense, net	36,393	36,738
Gain on sale of real estate, net of tax	(250)	(101,948)
Net investment (income) loss	(1,727)	2,494
Total other expense (income)	34,416	(62,716)
Income from operations before equity in income of investments in real estate partnerships	86,572	184,012
Equity in income of investments in real estate partnerships	11,916	12,804
Net income	98,488	196,816
Noncontrolling interests:
Limited partners' interests in consolidated partnerships	(787)	(725)
Income attributable to noncontrolling interests	(787)	(725)
Net income attributable to common unit holders	$ 97,701	$ 196,091
Income per common share - basic	$ 0.57	$ 1.14
Income per common share - diluted	$ 0.57	$ 1.14

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Net income	$ 98,488	$ 196,816
Other comprehensive income:
Effective portion of change in fair value of derivative instruments	(2,736)	8,968
Reclassification adjustment of derivative instruments included in net income	(1,492)	1,010
Unrealized gain (loss) on available-for-sale debt securities	192	(754)
Other comprehensive (loss) income	(4,036)	9,224
Comprehensive income	94,452	206,040
Less: comprehensive income attributable to noncontrolling interests:
Net income attributable to noncontrolling interests	1,207	1,588
Other comprehensive (loss) income attributable to noncontrolling interests	(403)	761
Comprehensive income attributable to noncontrolling interests	804	2,349
Comprehensive income attributable to the Company	93,648	203,691
Partnership Interest [Member]
Net income	98,488	196,816
Other comprehensive income:
Effective portion of change in fair value of derivative instruments	(2,736)	8,968
Reclassification adjustment of derivative instruments included in net income	(1,492)	1,010
Unrealized gain (loss) on available-for-sale debt securities	192	(754)
Other comprehensive (loss) income	(4,036)	9,224
Comprehensive income	94,452	206,040
Less: comprehensive income attributable to noncontrolling interests:
Net income attributable to noncontrolling interests	787	725
Other comprehensive (loss) income attributable to noncontrolling interests	(387)	720
Comprehensive income attributable to noncontrolling interests	400	1,445
Comprehensive income attributable to the Company	$ 94,052	$ 204,595

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 Shareholder's 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, 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	196,816					195,228	195,228	863	725	1,588
Other comprehensive income (loss)
Other comprehensive income (loss) before reclassification	8,214				7,537		7,537	37	640	677
Amounts reclassified from accumulated other comprehensive income (loss)	1,010				926		926	4	80	84
Deferred compensation plan, net			(1,073)	1,073
Restricted stock issued, net of amortization	4,208	2		4,206			4,208
Common stock issued repurchased for taxes withheld for stock based compensation, net	(6,091)			(6,091)			(6,091)
Common stock issued under dividend reinvestment plan	118			118			118
Distributions to partners	(1,070)								(1,070)	(1,070)
Cash dividends declared - common stock/unit	(107,445)					(106,970)	(106,970)	(475)		(475)
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, 2022	6,178,039	1,711	(24,461)	7,877,152	7,560	(1,764,977)	6,096,985	34,489	46,565	81,054
Net income	98,488					97,281	97,281	420	787	1,207
Other comprehensive income (loss)
Other comprehensive income (loss) before reclassification	(2,544)				(2,316)		(2,316)	(11)	(217)	(228)
Amounts reclassified from accumulated other comprehensive income (loss)	(1,492)				(1,317)		(1,317)	(5)	(170)	(175)
Deferred compensation plan, net			(1,238)	1,238
Restricted stock issued, net of amortization	4,819	2		4,817			4,819
Common stock issued repurchased for taxes withheld for stock based compensation, net	(6,920)			(6,920)			(6,920)
Common stock repurchased and retired	(20,006)	(3)		(20,003)			(20,006)
Common stock issued under dividend reinvestment plan	142			142			142
Contributions from partners	1,777								1,777	1,777
Distributions to partners	(1,039)								(1,039)	(1,039)
Cash dividends declared - common stock/unit	(111,829)					(111,347)	(111,347)	(482)		(482)
Ending Balance at Mar. 31, 2023	$ 6,139,435	$ 1,710	$ (25,699)	$ 7,856,426	$ 3,927	$ (1,779,043)	$ 6,057,321	$ 34,411	$ 47,703	$ 82,114

Consolidated Statements of Eq_2

Consolidated Statements of Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Stockholders' Equity [Abstract]
Common stock/unit per share	$ 0.650	$ 0.625

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash flows from operating activities:
Net income	$ 98,488	$ 196,816
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	82,707	77,842
Amortization of deferred loan costs and debt premiums	1,490	1,379
(Accretion) and amortization of above and below market lease intangibles, net	(5,478)	(5,302)
Stock-based compensation, net of capitalization	4,810	4,164
Equity in income of investments in real estate partnerships	(11,916)	(12,804)
Gain on sale of real estate, net of tax	(250)	(101,948)
Distribution of earnings from investments in real estate partnerships	14,524	16,736
Deferred compensation expense (income)	1,448	(2,256)
Realized and unrealized (gain) loss on investments	(1,674)	2,533
Changes in assets and liabilities:
Tenant and other receivables	6,710	3,396
Deferred leasing costs	(672)	(2,014)
Other assets	(12,631)	(4,724)
Accounts payable and other liabilities	(20,858)	(29,387)
Tenants' security, escrow deposits and prepaid rent	5,401	(1,539)
Net cash provided by operating activities	162,099	142,892
Cash flows from investing activities:
Acquisition of operating real estate		(30,166)
Real estate development and capital improvements	(44,569)	(53,605)
Proceeds from sale of real estate and FF&E	3,603	124,924
Investments in real estate partnerships	(604)	(7,173)
Return of capital from investments in real estate partnerships		23,892
Dividends on investment securities	187	109
Acquisition of investment securities	(2,171)	(5,554)
Proceeds from sale of investment securities	4,504	5,927
Net cash (used in) provided by investing activities	(39,050)	58,354
Cash flows from financing activities:
Repurchase of common shares in conjunction with equity award plans	(7,066)	(6,246)
Common shares repurchased through share repurchase program	(20,006)
Proceeds from sale of treasury stock	2	63
Contributions from (distributions to) limited partners in consolidated partnerships, net	738	(1,070)
Distributions to exchangeable operating partnership unit holders	(482)	(475)
Dividends paid to common stockholders	(111,085)	(106,887)
Proceeds from unsecured credit facilities	115,000	40,000
Repayment of unsecured credit facilities	(85,000)	(40,000)
Proceeds from notes payable	15,500
Repayment of notes payable	(28,306)
Scheduled principal payments	(2,836)	(2,846)
Payment of loan costs	(141)	(82)
Net cash used in financing activities	(123,682)	(117,543)
Net (decrease) increase in cash and cash equivalents and restricted cash	(633)	83,703
Cash and cash equivalents and restricted cash at beginning of the period	68,776	95,027
Cash and cash equivalents and restricted cash at end of the period	68,143	178,730
Supplemental disclosure of cash flow information:
Cash paid for interest (net of capitalized interest of $1,250 and $796 in 2023 and 2022, respectively)	44,107	44,317
Cash paid for income taxes, net of refunds	112	165
Supplemental disclosure of non-cash transactions:
Common stock and exchangeable operating partnership dividends declared but not paid	111,829	107,445
Change in accrued capital expenditures	10,596	11,603
Common stock issued under dividend reinvestment plan	142	118
Stock-based compensation capitalized	155	199
Common stock issued for dividend reinvestment in trust	303	267
Contribution of stock awards into trust	1,201	1,177
Distribution of stock held in trust	265	329
Change in fair value of securities	243	754
Partnership Interest [Member]
Cash flows from operating activities:
Net income	98,488	196,816
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	82,707	77,842
Amortization of deferred loan costs and debt premiums	1,490	1,379
(Accretion) and amortization of above and below market lease intangibles, net	(5,478)	(5,302)
Stock-based compensation, net of capitalization	4,810	4,164
Equity in income of investments in real estate partnerships	(11,916)	(12,804)
Gain on sale of real estate, net of tax	(250)	(101,948)
Distribution of earnings from investments in real estate partnerships	14,524	16,736
Deferred compensation expense (income)	1,448	(2,256)
Realized and unrealized (gain) loss on investments	(1,674)	2,533
Changes in assets and liabilities:
Tenant and other receivables	6,710	3,396
Deferred leasing costs	(672)	(2,014)
Other assets	(12,631)	(4,724)
Accounts payable and other liabilities	(20,858)	(29,387)
Tenants' security, escrow deposits and prepaid rent	5,401	(1,539)
Net cash provided by operating activities	162,099	142,892
Cash flows from investing activities:
Acquisition of operating real estate		(30,166)
Real estate development and capital improvements	(44,569)	(53,605)
Proceeds from sale of real estate and FF&E	3,603	124,924
Investments in real estate partnerships	(604)	(7,173)
Return of capital from investments in real estate partnerships		23,892
Dividends on investment securities	187	109
Acquisition of investment securities	(2,171)	(5,554)
Proceeds from sale of investment securities	4,504	5,927
Net cash (used in) provided by investing activities	(39,050)	58,354
Cash flows from financing activities:
Repurchase of common shares in conjunction with equity award plans	(7,066)	(6,246)
Common shares repurchased through share repurchase program	(20,006)
Proceeds from sale of treasury stock	2	63
Contributions from (distributions to) limited partners in consolidated partnerships, net	738	(1,070)
Dividends paid to common stockholders	(111,567)	(107,362)
Proceeds from unsecured credit facilities	115,000	40,000
Repayment of unsecured credit facilities	(85,000)	(40,000)
Proceeds from notes payable	15,500
Repayment of notes payable	(28,306)
Scheduled principal payments	(2,836)	(2,846)
Payment of loan costs	(141)	(82)
Net cash used in financing activities	(123,682)	(117,543)
Net (decrease) increase in cash and cash equivalents and restricted cash	(633)	83,703
Cash and cash equivalents and restricted cash at beginning of the period	68,776	95,027
Cash and cash equivalents and restricted cash at end of the period	68,143	178,730
Supplemental disclosure of cash flow information:
Cash paid for interest (net of capitalized interest of $1,250 and $796 in 2023 and 2022, respectively)	44,107	44,317
Cash paid for income taxes, net of refunds	112	165
Supplemental disclosure of non-cash transactions:
Common stock and exchangeable operating partnership dividends declared but not paid	111,829	107,445
Change in accrued capital expenditures	10,596	11,603
Common stock issued under dividend reinvestment plan	142	118
Stock-based compensation capitalized	155	199
Common stock issued for dividend reinvestment in trust	303	267
Contribution of stock awards into trust	1,201	1,177
Distribution of stock held in trust	265	329
Change in fair value of securities	$ 243	$ 754

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Capitalized interest	$ 1,250	$ 796
Partnership Interest [Member]
Capitalized interest	$ 1,250	$ 796

Consolidated Statement of Capit

Consolidated Statement of Capital (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Net income	$ 98,488	$ 196,816
Other comprehensive income (loss)
Amounts reclassified from accumulated other comprehensive income (loss)	(1,492)	1,010
Contributions from partners	1,777
Distributions to partners	(1,039)	(1,070)
Restricted units issued as a result of restricted stock issued by Parent Company, net of amortization	4,819	4,208
Total Partners' Capital [Member]
Net income	97,281	195,228
Other comprehensive income (loss)
Amounts reclassified from accumulated other comprehensive income (loss)	(1,317)	926
Restricted units issued as a result of restricted stock issued by Parent Company, net of amortization	4,819	4,208
Partnership Interest [Member]
Beginning Balance	6,178,039	6,109,932
Net income	98,488	196,816
Other comprehensive income (loss)
Other comprehensive income (loss) before reclassification	(2,544)	8,214
Amounts reclassified from accumulated other comprehensive income (loss)	(1,492)	1,010
Contributions from partners	1,777
Distributions to partners	(112,868)	(108,515)
Restricted units issued as a result of restricted stock issued by Parent Company, net of amortization	4,819	4,208
Common units repurchased and retired as a result of common stock repurchased and retired by Parent Company	(20,006)
Common units repurchased as a result of common stock repurchased by Parent Company, net of issuances	(6,778)	(5,973)
Ending Balance	6,139,435	6,205,692
Partnership Interest [Member] | Total Partners' Capital [Member]
Beginning Balance	6,131,474	6,072,818
Net income	97,701	196,091
Other comprehensive income (loss)
Other comprehensive income (loss) before reclassification	(2,327)	7,574
Amounts reclassified from accumulated other comprehensive income (loss)	(1,322)	930
Distributions to partners	(111,829)	(107,445)
Restricted units issued as a result of restricted stock issued by Parent Company, net of amortization	4,819	4,208
Common units repurchased and retired as a result of common stock repurchased and retired by Parent Company	(20,006)
Common units repurchased as a result of common stock repurchased by Parent Company, net of issuances	(6,778)	(5,973)
Ending Balance	6,091,732	6,168,203
Partnership Interest [Member] | Accumulated Other Comprehensive Income (Loss) [Member]
Beginning Balance	7,560	(10,227)
Other comprehensive income (loss)
Other comprehensive income (loss) before reclassification	(2,316)	7,537
Amounts reclassified from accumulated other comprehensive income (loss)	(1,317)	926
Ending Balance	3,927	(1,764)
Partnership Interest [Member] | Noncontrolling Interests In Limited Partners Interest In Consolidated Partnerships [Member]
Beginning Balance	46,565	37,114
Net income	787	725
Other comprehensive income (loss)
Other comprehensive income (loss) before reclassification	(217)	640
Amounts reclassified from accumulated other comprehensive income (loss)	(170)	80
Contributions from partners	1,777
Distributions to partners	(1,039)	(1,070)
Ending Balance	47,703	37,489
Partnership Interest [Member] | General Partner Preferred and Common Units [Member]
Beginning Balance	6,089,425	6,047,598
Net income	97,281	195,228
Other comprehensive income (loss)
Distributions to partners	(111,347)	(106,970)
Restricted units issued as a result of restricted stock issued by Parent Company, net of amortization	4,819	4,208
Common units repurchased and retired as a result of common stock repurchased and retired by Parent Company	(20,006)
Common units repurchased as a result of common stock repurchased by Parent Company, net of issuances	(6,778)	(5,973)
Ending Balance	6,053,394	6,134,091
Partnership Interest [Member] | Limited Partner [Member]
Beginning Balance	34,489	35,447
Net income	420	863
Other comprehensive income (loss)
Other comprehensive income (loss) before reclassification	(11)	37
Amounts reclassified from accumulated other comprehensive income (loss)	(5)	4
Distributions to partners	(482)	(475)
Ending Balance	$ 34,411	$ 35,876

Organization and Significant Ac

Organization and Significant Accounting Policies	3 Months Ended
	Mar. 31, 2023
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 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, 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 March 31, 2023, 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 corresponding ability to pay rent continue to be significantly influenced by current economic challenges, which impact their cost of doing business, including but not limited to the impact of inflation, the cost and availability of labor, supply chain constraints, increasing energy prices and interest rates, and access to credit. Additionally, macroeconomic and geopolitical risks create challenges that may exacerbate current market conditions in the United States of America ("U.S.", "USA" or "United States"). The policies implemented by the U.S. government 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 consumer spending, 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 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 March 31, 2023, 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 (i.e. registered shares of the Parent). The Parent Company has evaluated the conditions as specified under Accounting Standards Codification ("ASC") Topic 480, Distinguishing Liabilities from Equity, as it relates to EOP units outstanding and concluded that the Parent Company 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 March 31, 2023, Regency had a partial ownership interest in 107 properties through partnerships, of which 11 are consolidated. 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) March 31, 2023 December 31, 2022 Assets Net real estate investments $ 106,916 107,725 Cash, cash equivalents and restricted cash 2,487 2,420 Liabilities Notes payable 3,695 4,188 Equity Limited partners' interests in consolidated partnerships 24,337 24,364 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. Income within Management, transaction, and other fees on the Consolidated Statements of Operations is primarily from contracts with the Company's real estate partnerships. The primary components of these revenue streams, the timing of satisfying the performance obligations, and amounts are as follows: Three months ended March 31, (in thousands) Timing of satisfaction of performance obligations 2023 2022 Management, transaction, and other fees: Property management services Over time $ 3,458 3,618 Asset management services Over time 1,629 1,755 Leasing services Point in time 718 996 Other transaction fees Point in time 233 315 Total management, transaction, and other fees $ 6,038 6,684 The accounts receivable for management services, which are included within Tenant and other receivables in the accompanying Consolidated Balance Sheets, are $ 16.8 million and $ 16.4 million , as of March 31, 2023 and December 31, 2022 , 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 2020-04 , Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting In March 2020, the Financial Accounting Standards Board ("FASB") issued ASU 2020-04, Reference Rate Reform (Topic 848). ASU 2020-04 contains practical expedients for reference rate reform related to activities that impact debt, leases, derivatives, and other contracts. The guidance in ASU 2020-04 is optional and may be elected over time as reference rate reform activities occur. The amendments in this update provide exceptions to the guidance in Topic 815 related to changes to the critical terms of a hedging relationship due to reference rate reform, which if criteria are met, provide such changes should not result in the dedesignation and redesignation of the hedging relationship. March 2020 through March 31, 2023 The Company has elected to apply the hedge accounting expedients and exceptions related to changes to the reference rate from LIBOR to SOFR in the Company's interest rate swaps, which it completed during the three months ended March 31, 2023. Application of these exceptions preserves the hedge designation of interest rate swaps and the related accounting and presentation consistent with past presentation.

Real Estate Investments

Real Estate Investments	3 Months Ended
	Mar. 31, 2023
Business Combinations [Abstract]
Real Estate Investments	2. Real Estate Investments The Company had no acquisitions of shopping centers or land for development during the three months ended March 31, 2023, as compared to those detailed in the table below for the three months ended March 31, 2022: (in thousands) Three months ended March 31, 2022 Date Purchased Property Name City/State Property Regency 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 Total consolidated $ 41,650 — 2,900 6,839 Unconsolidated 3/25/2022 Naperville Plaza Naperville, IL Operating 20 % 52,380 22,074 4,336 814 Total unconsolidated $ 52,380 22,074 4,336 814 Total property acquisitions $ 94,030 22,074 7,236 7,653 (1) Amounts reflected for purchase price and allocation are reflected at 100 %.

Property Dispositions

Property Dispositions	3 Months Ended
	Mar. 31, 2023
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 March 31, (in thousands, except number sold data) 2023 2022 Net proceeds from sale of real estate investments $ 2,923 124,924 Gain on sale of real estate, net of tax 250 101,948 Number of operating properties sold — 1 Number of land parcels sold 1 1 Percent interest sold 100 % 100 %

Other Assets

Other Assets	3 Months Ended
	Mar. 31, 2023
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) March 31, 2023 December 31, 2022 Goodwill $ 167,062 167,062 Investments 53,967 54,581 Prepaid and other 41,363 28,615 Furniture, fixtures, and equipment, net ("FF&E") 5,044 5,808 Derivative assets 4,907 6,575 Deferred financing costs, net 4,583 5,156 Total other assets $ 276,926 267,797

Notes Payable and Unsecured Cre

Notes Payable and Unsecured Credit Facilities	3 Months Ended
	Mar. 31, 2023
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 March 31, 2023 December 31, 2022 Notes payable: Fixed rate mortgage loans 3.9 % 3.4 % $ 330,047 342,135 Variable rate mortgage loans (1) 3.8 % 3.9 % 132,269 136,246 Fixed rate unsecured debt 3.8 % 4.0 % 3,249,468 3,248,373 Total notes payable 3,711,784 3,726,754 Unsecured credit facilities: $ 1.25 Billion Line of Credit (the "Line") (2) 5.8 % 6.2 % 30,000 — Total debt outstanding $ 3,741,784 3,726,754 (1) Five of these six variable rate loans, representing $ 130.1 million of debt in the aggregate, have interest rate swaps in place to mitigate interest rate fluctuation risk. Based on these swap agreements, the effective fixed rates of the five loans range from 2.5 % to 6.0 %. (2) Weighted average effective rate for the Line is calculated based on a fully drawn Line balance using the period end variable rate. Scheduled principal payments and maturities on notes payable and unsecured credit facilities were as follows: (in thousands) March 31, 2023 Scheduled Principal Payments and Maturities by Year: Scheduled Mortgage Unsecured (1) Total 2023 (2) $ 6,765 31,843 — 38,608 2024 5,044 90,742 250,000 345,786 2025 3,942 43,750 280,000 327,692 2026 4,127 127,096 200,000 331,223 2027 3,788 137,915 525,000 666,703 Beyond 5 Years 2,873 322 2,050,000 2,053,195 Unamortized debt premium/(discount) and issuance costs — 4,109 ( 25,532 ) ( 21,423 ) Total $ 26,539 435,777 3,279,468 3,741,784 (1) Includes unsecured public and private debt and unsecured credit facilities. (2) Reflects scheduled principal payments and maturities for the remainder of the year. The Company was in compliance as of March 31, 2023 , 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	3 Months Ended
	Mar. 31, 2023
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 manage its exposure to interest rate movements. To accomplish this objective, 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 Bank Pays Regency Pays March 31, 2023 December 31, 2022 12/1/16 11/1/23 30,969 SOFR 1.490 % 621 883 9/17/19 3/17/25 24,000 SOFR 1.443 % 1,177 1,443 12/20/19 12/19/26 24,365 SOFR 1.684 % 1,523 1,939 2/24/23 12/31/26 15,479 SOFR 4.229 % ( 370 ) 152 6/2/17 6/2/27 35,303 SOFR 2.261 % 1,586 2,158 $ 4,537 6,575 (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 . 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 March 31, 2023, 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 are recorded in Accumulated other comprehensive income ("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 March 31, Three months ended March 31, Three months ended March 31, (in thousands) 2023 2022 2023 2022 2023 2022 Interest rate swaps $ ( 2,736 ) 8,968 I nterest expense $ ( 1,492 ) 1,010 Interest expense, net $ 36,393 36,738 As of March 31, 2023, the Company expects approximately $ 4.7 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	3 Months Ended
	Mar. 31, 2023
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 March 31, 2023 2022 Operating lease income Fixed and in-substance fixed lease income $ 219,641 207,502 Variable lease income 80,780 72,026 Other lease related income, net: Above/below market rent and tenant rent inducement amortization, net 5,865 5,689 Uncollectible straight-line rent 578 2,282 Uncollectible amounts billable in lease income 1,937 6,146 Total lease income $ 308,801 293,645 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 worthiness 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 not 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 ASC 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, net of amounts considered uncollectible, in the accompanying Consolidated Balance Sheets: (in thousands) March 31, 2023 December 31, 2022 Tenant receivables $ 21,546 31,486 Straight-line rent receivables 130,811 128,214 Other receivables (1) 29,222 29,163 Total tenant and other receivables $ 181,579 188,863 (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	3 Months Ended
	Mar. 31, 2023
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: March 31, 2023 December 31, 2022 (in thousands) Carrying Fair Value Carrying Fair Value Financial liabilities: Notes payable $ 3,711,784 3,409,128 3,726,754 3,333,378 Unsecured credit facilities $ 30,000 30,000 — — 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 March 31, 2023, and December 31, 2022, 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 (income) loss in the accompanying Consolidated Statements of Operations, and include unrealized gains of $ 1.6 million and unrealized losses of $ 3.0 million during the three months ended March 31, 2023 and 2022, respectively. 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 March 31, 2023 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 $ 38,788 38,788 — — Available-for-sale debt securities 15,179 — 15,179 — Interest rate derivatives 4,907 — 4,907 — Total $ 58,874 38,788 20,086 — Liabilities: Interest rate derivatives $ ( 370 ) — ( 370 ) — Fair Value Measurements as of December 31, 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 $ 40,089 40,089 — — Available-for-sale debt securities 14,492 — 14,492 — Interest rate derivatives 6,575 — 6,575 — Total $ 61,156 40,089 21,067 —

Equity and Capital

Equity and Capital	3 Months Ended
	Mar. 31, 2023
Equity And Capital [Abstract]
Equity and Capital	9. Equity and Capital Common Stock of the Parent Company Dividends Declared On May 2, 2023 , our Board of Directors declared a common stock dividend of $ 0.65 per share, payable on July 6, 2023 , to shareholders of record as of June 14, 2023 . At the Market ("ATM") Program Under the Parent Company's ATM equity offering program, the Parent Company could have sold up to $ 350.4 million of common stock available for issuance. No sales occurred during the three months ended March 31, 2023, and the program expired on March 12, 2023. Share Repurchase Program The Company has a common share repurchase program under which it may purchase, from time to time, up to a maximum of $ 250 million of its outstanding common stock through open market purchases, and/or in privately negotiated transactions (referred to as the "Repurchase Program"). The timing and price of share repurchases, if any will be dependent upon market conditions and other factors. The shares repurchased, if not retired, would be treated as treasury shares. The authorization for this repurchase program will expire on February 7, 2025 , unless modified or earlier terminated by the Board. During the three months ended March 31, 2023 , the Company executed multiple trades to repurchase 349,519 common shares under the Repurchase Program for a total of $ 20.0 million at a weighted average price of $ 57.22 per share. All repurchased shares were retired on the respective settlement dates. At March 31, 2023 , $ 230.0 million remained available under the Repurchase Program. 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 shares issued or repurchased, as described above.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	10. Stock-Based Compensation During the three months ended March 31, 2023, the Company g ranted 282,100 sh ares of restricted stock with a weighted-average grant-date fair value o f $ 68.87 per share. The Company records stock-based compensation expense within General and administrative expenses in the accompanying Consolidated Statements of Operations, and recognizes forfeitures as they occur.

Earnings per Share and Unit

Earnings per Share and Unit	3 Months Ended
	Mar. 31, 2023
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 shar e: Three months ended March 31, (in thousands, except per share data) 2023 2022 Numerator: Income attributable to common shareholders - basic $ 97,281 195,228 Income attributable to common shareholders - diluted $ 97,281 195,228 Denominator: Weighted average common shares outstanding for basic EPS 171,212 171,312 Weighted average common shares outstanding for diluted EPS (1) 171,494 171,671 Income per common share – basic $ 0.57 1.14 Income per common share – diluted $ 0.57 1.14 (1) Includes the dilutive impact of unvested restricted stock. Income attributable to noncontrolling interests of the Operating Partnership has been excluded from the numerator and EOP 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 EOP units outstanding were 741,433 and 760,046 for the three months ended March 31, 2023 and 2022, respectively. Operating Partnership Earnings per Unit The following summarizes the calculation of basic and diluted earnings per uni t ("EPU"): Three months ended March 31, (in thousands, except per share data) 2023 2022 Numerator: Income attributable to common unit holders - basic $ 97,701 196,091 Income attributable to common unit holders - diluted $ 97,701 196,091 Denominator: Weighted average common units outstanding for basic EPU 171,953 172,072 Weighted average common units outstanding for diluted EPU (1) 172,235 172,431 Income per common unit – basic $ 0.57 1.14 Income per common unit – diluted $ 0.57 1.14 (1) Includes the dilutive impact of unvested restricted stock.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2023
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, in each case 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. With respect to impact on the Company, these pertain 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 uses. 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 aggregate amount not to exceed $ 50.0 million, which reduces the credit availability under the Line. These letters of credit are primarily issued as collateral on behalf of its captive insurance subsidiary and to facilitate the construction of development projects. As of March 31, 2023 and December 31, 2022, the Company had $ 9.4 million in let ters of credit outstanding.

Organization and Significant _2

Organization and Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Risks and Uncertainties	Risks and Uncertainties The success of the Company's tenants in operating their businesses and their corresponding ability to pay rent continue to be significantly influenced by current economic challenges, which impact their cost of doing business, including but not limited to the impact of inflation, the cost and availability of labor, supply chain constraints, increasing energy prices and interest rates, and access to credit. Additionally, macroeconomic and geopolitical risks create challenges that may exacerbate current market conditions in the United States of America ("U.S.", "USA" or "United States"). The policies implemented by the U.S. government 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 consumer spending, 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	Consolidation The Company consolidates properties that are wholly-owned and properties where it owns less than 100%, but 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 March 31, 2023, 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 (i.e. registered shares of the Parent). The Parent Company has evaluated the conditions as specified under Accounting Standards Codification ("ASC") Topic 480, Distinguishing Liabilities from Equity, as it relates to EOP units outstanding and concluded that the Parent Company 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	Real Estate Partnerships As of March 31, 2023, Regency had a partial ownership interest in 107 properties through partnerships, of which 11 are consolidated. 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) March 31, 2023 December 31, 2022 Assets Net real estate investments $ 106,916 107,725 Cash, cash equivalents and restricted cash 2,487 2,420 Liabilities Notes payable 3,695 4,188 Equity Limited partners' interests in consolidated partnerships 24,337 24,364
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. Income within Management, transaction, and other fees on the Consolidated Statements of Operations is primarily from contracts with the Company's real estate partnerships. The primary components of these revenue streams, the timing of satisfying the performance obligations, and amounts are as follows: Three months ended March 31, (in thousands) Timing of satisfaction of performance obligations 2023 2022 Management, transaction, and other fees: Property management services Over time $ 3,458 3,618 Asset management services Over time 1,629 1,755 Leasing services Point in time 718 996 Other transaction fees Point in time 233 315 Total management, transaction, and other fees $ 6,038 6,684 The accounts receivable for management services, which are included within Tenant and other receivables in the accompanying Consolidated Balance Sheets, are $ 16.8 million and $ 16.4 million , as of March 31, 2023 and December 31, 2022 , 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 2020-04 , Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting In March 2020, the Financial Accounting Standards Board ("FASB") issued ASU 2020-04, Reference Rate Reform (Topic 848). ASU 2020-04 contains practical expedients for reference rate reform related to activities that impact debt, leases, derivatives, and other contracts. The guidance in ASU 2020-04 is optional and may be elected over time as reference rate reform activities occur. The amendments in this update provide exceptions to the guidance in Topic 815 related to changes to the critical terms of a hedging relationship due to reference rate reform, which if criteria are met, provide such changes should not result in the dedesignation and redesignation of the hedging relationship. March 2020 through March 31, 2023 The Company has elected to apply the hedge accounting expedients and exceptions related to changes to the reference rate from LIBOR to SOFR in the Company's interest rate swaps, which it completed during the three months ended March 31, 2023. Application of these exceptions preserves the hedge designation of interest rate swaps and the related accounting and presentation consistent with past presentation.

Organization and Significant _3

Organization and Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [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) March 31, 2023 December 31, 2022 Assets Net real estate investments $ 106,916 107,725 Cash, cash equivalents and restricted cash 2,487 2,420 Liabilities Notes payable 3,695 4,188 Equity Limited partners' interests in consolidated partnerships 24,337 24,364
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. Income within Management, transaction, and other fees on the Consolidated Statements of Operations is primarily from contracts with the Company's real estate partnerships. The primary components of these revenue streams, the timing of satisfying the performance obligations, and amounts are as follows: Three months ended March 31, (in thousands) Timing of satisfaction of performance obligations 2023 2022 Management, transaction, and other fees: Property management services Over time $ 3,458 3,618 Asset management services Over time 1,629 1,755 Leasing services Point in time 718 996 Other transaction fees Point in time 233 315 Total management, transaction, and other fees $ 6,038 6,684
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 2020-04 , Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting In March 2020, the Financial Accounting Standards Board ("FASB") issued ASU 2020-04, Reference Rate Reform (Topic 848). ASU 2020-04 contains practical expedients for reference rate reform related to activities that impact debt, leases, derivatives, and other contracts. The guidance in ASU 2020-04 is optional and may be elected over time as reference rate reform activities occur. The amendments in this update provide exceptions to the guidance in Topic 815 related to changes to the critical terms of a hedging relationship due to reference rate reform, which if criteria are met, provide such changes should not result in the dedesignation and redesignation of the hedging relationship. March 2020 through March 31, 2023 The Company has elected to apply the hedge accounting expedients and exceptions related to changes to the reference rate from LIBOR to SOFR in the Company's interest rate swaps, which it completed during the three months ended March 31, 2023. Application of these exceptions preserves the hedge designation of interest rate swaps and the related accounting and presentation consistent with past presentation.

Real Estate Investments (Tables

Real Estate Investments (Tables)	3 Months Ended
	Mar. 31, 2023
Real Estate [Abstract]
Schedule of Business Acquisitions	The Company had no acquisitions of shopping centers or land for development during the three months ended March 31, 2023, as compared to those detailed in the table below for the three months ended March 31, 2022: (in thousands) Three months ended March 31, 2022 Date Purchased Property Name City/State Property Regency 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 Total consolidated $ 41,650 — 2,900 6,839 Unconsolidated 3/25/2022 Naperville Plaza Naperville, IL Operating 20 % 52,380 22,074 4,336 814 Total unconsolidated $ 52,380 22,074 4,336 814 Total property acquisitions $ 94,030 22,074 7,236 7,653 (1) Amounts reflected for purchase price and allocation are reflected at 100 %.

Property Dispositions (Tables)

Property Dispositions (Tables)	3 Months Ended
	Mar. 31, 2023
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 March 31, (in thousands, except number sold data) 2023 2022 Net proceeds from sale of real estate investments $ 2,923 124,924 Gain on sale of real estate, net of tax 250 101,948 Number of operating properties sold — 1 Number of land parcels sold 1 1 Percent interest sold 100 % 100 %

Other Assets (Tables)

Other Assets (Tables)	3 Months Ended
	Mar. 31, 2023
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) March 31, 2023 December 31, 2022 Goodwill $ 167,062 167,062 Investments 53,967 54,581 Prepaid and other 41,363 28,615 Furniture, fixtures, and equipment, net ("FF&E") 5,044 5,808 Derivative assets 4,907 6,575 Deferred financing costs, net 4,583 5,156 Total other assets $ 276,926 267,797

Notes Payable and Unsecured C_2

Notes Payable and Unsecured Credit Facilities (Tables)	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Schedule of Debt	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 March 31, 2023 December 31, 2022 Notes payable: Fixed rate mortgage loans 3.9 % 3.4 % $ 330,047 342,135 Variable rate mortgage loans (1) 3.8 % 3.9 % 132,269 136,246 Fixed rate unsecured debt 3.8 % 4.0 % 3,249,468 3,248,373 Total notes payable 3,711,784 3,726,754 Unsecured credit facilities: $ 1.25 Billion Line of Credit (the "Line") (2) 5.8 % 6.2 % 30,000 — Total debt outstanding $ 3,741,784 3,726,754 (1) Five of these six variable rate loans, representing $ 130.1 million of debt in the aggregate, have interest rate swaps in place to mitigate interest rate fluctuation risk. Based on these swap agreements, the effective fixed rates of the five loans range from 2.5 % to 6.0 %. (2) Weighted average effective rate for the Line is calculated based on a fully drawn Line balance using the period end variable rate.
Schedule of Maturities of Long-term Debt	Scheduled principal payments and maturities on notes payable and unsecured credit facilities were as follows: (in thousands) March 31, 2023 Scheduled Principal Payments and Maturities by Year: Scheduled Mortgage Unsecured (1) Total 2023 (2) $ 6,765 31,843 — 38,608 2024 5,044 90,742 250,000 345,786 2025 3,942 43,750 280,000 327,692 2026 4,127 127,096 200,000 331,223 2027 3,788 137,915 525,000 666,703 Beyond 5 Years 2,873 322 2,050,000 2,053,195 Unamortized debt premium/(discount) and issuance costs — 4,109 ( 25,532 ) ( 21,423 ) Total $ 26,539 435,777 3,279,468 3,741,784 (1) Includes unsecured public and private debt and unsecured credit facilities. (2) Reflects scheduled principal payments and maturities for the remainder of the year.

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2023
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 Bank Pays Regency Pays March 31, 2023 December 31, 2022 12/1/16 11/1/23 30,969 SOFR 1.490 % 621 883 9/17/19 3/17/25 24,000 SOFR 1.443 % 1,177 1,443 12/20/19 12/19/26 24,365 SOFR 1.684 % 1,523 1,939 2/24/23 12/31/26 15,479 SOFR 4.229 % ( 370 ) 152 6/2/17 6/2/27 35,303 SOFR 2.261 % 1,586 2,158 $ 4,537 6,575 (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 .
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 March 31, Three months ended March 31, Three months ended March 31, (in thousands) 2023 2022 2023 2022 2023 2022 Interest rate swaps $ ( 2,736 ) 8,968 I nterest expense $ ( 1,492 ) 1,010 Interest expense, net $ 36,393 36,738

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2023
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 March 31, 2023 2022 Operating lease income Fixed and in-substance fixed lease income $ 219,641 207,502 Variable lease income 80,780 72,026 Other lease related income, net: Above/below market rent and tenant rent inducement amortization, net 5,865 5,689 Uncollectible straight-line rent 578 2,282 Uncollectible amounts billable in lease income 1,937 6,146 Total lease income $ 308,801 293,645
Components Of Tenant And Other Receivables	The following table represents the components of Tenant and other receivables, net of amounts considered uncollectible, in the accompanying Consolidated Balance Sheets: (in thousands) March 31, 2023 December 31, 2022 Tenant receivables $ 21,546 31,486 Straight-line rent receivables 130,811 128,214 Other receivables (1) 29,222 29,163 Total tenant and other receivables $ 181,579 188,863 (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)	3 Months Ended
	Mar. 31, 2023
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: March 31, 2023 December 31, 2022 (in thousands) Carrying Fair Value Carrying Fair Value Financial liabilities: Notes payable $ 3,711,784 3,409,128 3,726,754 3,333,378 Unsecured credit facilities $ 30,000 30,000 — —
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 March 31, 2023 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 $ 38,788 38,788 — — Available-for-sale debt securities 15,179 — 15,179 — Interest rate derivatives 4,907 — 4,907 — Total $ 58,874 38,788 20,086 — Liabilities: Interest rate derivatives $ ( 370 ) — ( 370 ) — Fair Value Measurements as of December 31, 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 $ 40,089 40,089 — — Available-for-sale debt securities 14,492 — 14,492 — Interest rate derivatives 6,575 — 6,575 — Total $ 61,156 40,089 21,067 —

Earnings per Share and Unit (Ta

Earnings per Share and Unit (Tables)	3 Months Ended
	Mar. 31, 2023
Schedule of earnings per share	The following summarizes the calculation of basic and diluted earnings per shar e: Three months ended March 31, (in thousands, except per share data) 2023 2022 Numerator: Income attributable to common shareholders - basic $ 97,281 195,228 Income attributable to common shareholders - diluted $ 97,281 195,228 Denominator: Weighted average common shares outstanding for basic EPS 171,212 171,312 Weighted average common shares outstanding for diluted EPS (1) 171,494 171,671 Income per common share – basic $ 0.57 1.14 Income per common share – diluted $ 0.57 1.14 (1) Includes the dilutive impact of unvested restricted stock.
Partnership Interest [Member]
Schedule of earnings per share	The following summarizes the calculation of basic and diluted earnings per uni t ("EPU"): Three months ended March 31, (in thousands, except per share data) 2023 2022 Numerator: Income attributable to common unit holders - basic $ 97,701 196,091 Income attributable to common unit holders - diluted $ 97,701 196,091 Denominator: Weighted average common units outstanding for basic EPU 171,953 172,072 Weighted average common units outstanding for diluted EPU (1) 172,235 172,431 Income per common unit – basic $ 0.57 1.14 Income per common unit – diluted $ 0.57 1.14 (1) Includes the dilutive impact of unvested restricted stock.

Organization and Significant _4

Organization and Significant Accounting Policies - Organization and Principles of Consolidation (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($) RetailShoppingCenter	Dec. 31, 2022 USD ($)
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 | $	181,579	$ 188,863
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 | $	$ 16,800	$ 16,400
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	107
Consolidated Properties [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of real estate properties	11
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	Mar. 31, 2023	Dec. 31, 2022
Variable Interest Entity [Line Items]
Variable interest entity, consolidated, carrying amount, assets	$ 10,805,680	$ 10,860,220
Variable interest entity, consolidated, carrying amount, liabilities	4,666,245	4,682,181
Noncontrolling interest in variable interest entity	24,337	24,364
Variable Interest Entity, Primary Beneficiary [Member] | Notes Payable [Member]
Variable Interest Entity [Line Items]
Variable interest entity, consolidated, carrying amount, liabilities	3,695	4,188
Variable Interest Entity, Primary Beneficiary [Member] | Net Real Estate Investments [Member]
Variable Interest Entity [Line Items]
Variable interest entity, consolidated, carrying amount, assets	106,916	107,725
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	$ 2,487	$ 2,420

Organization and Significant _6

Organization and Significant Accounting Policies - Components of Revenue Streams, Timing of Satisfying Performance Obligations, and Amounts (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Schedule of management, transaction, and other fees [Line Items]
Management, transaction, and other fees	$ 6,038	$ 6,684
Property management services [Member]
Schedule of management, transaction, and other fees [Line Items]
Management, transaction, and other fees	$ 3,458	3,618
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	$ 1,629	1,755
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	$ 718	996
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	$ 233	$ 315
Timing of satisfaction of performance obligations	Point in time

Organization and Significant _7

Organization and Significant Accounting Policies - Schedule of New Accounting Pronouncements and Changes in Accounting Principles (Details)	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Change in accounting principle accounting standards update adopted	true
Change in accounting principle, accounting standards update, adoption date	Mar. 01, 2020
Accounting Standards Update [Extensible Enumeration]	us-gaap:AccountingStandardsUpdate202004Member

Real Estate Investments - Sched

Real Estate Investments - Schedule of Business Acquisitions (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022 USD ($)
Business Acquisition [Line Items]
Purchase Price	$ 94,030
Debt Assumed, Net of Discounts	22,074
Consolidated Properties [Member]
Business Acquisition [Line Items]
Purchase Price	41,650
Unconsolidated Properties [Member]
Business Acquisition [Line Items]
Purchase Price	52,380
Debt Assumed, Net of Discounts	22,074
Off-Market Favorable Lease [Member]
Business Acquisition [Line Items]
Intangible Assets/Liabilities	7,236
Off-Market Favorable Lease [Member] | Consolidated Properties [Member]
Business Acquisition [Line Items]
Intangible Assets/Liabilities	2,900
Off-Market Favorable Lease [Member] | Unconsolidated Properties [Member]
Business Acquisition [Line Items]
Intangible Assets/Liabilities	4,336
Off-Market Lease, Unfavorable [Member]
Business Acquisition [Line Items]
Intangible Assets/Liabilities	7,653
Off-Market Lease, Unfavorable [Member] | Consolidated Properties [Member]
Business Acquisition [Line Items]
Intangible Assets/Liabilities	6,839
Off-Market Lease, Unfavorable [Member] | Unconsolidated Properties [Member]
Business Acquisition [Line Items]
Intangible Assets/Liabilities	$ 814
Glenwood Green [Member] | Consolidated Properties [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
Island Village [Member] | Consolidated Properties [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
Island Village [Member] | Off-Market Favorable Lease [Member] | Consolidated Properties [Member]
Business Acquisition [Line Items]
Intangible Assets/Liabilities	2,900
Island Village [Member] | Off-Market Lease, Unfavorable [Member] | Consolidated Properties [Member]
Business Acquisition [Line Items]
Intangible Assets/Liabilities	$ 6,839
Naperville Plaza [Member] | Unconsolidated Properties [Member]
Business Acquisition [Line Items]
Date Purchased	Mar. 25, 2022
Property Name	Naperville Plaza
City/State	Naperville, IL
Ownership	20%
Purchase Price	$ 52,380
Debt Assumed, Net of Discounts	22,074
Naperville Plaza [Member] | Off-Market Favorable Lease [Member] | Unconsolidated Properties [Member]
Business Acquisition [Line Items]
Intangible Assets/Liabilities	4,336
Naperville Plaza [Member] | Off-Market Lease, Unfavorable [Member] | Unconsolidated Properties [Member]
Business Acquisition [Line Items]
Intangible Assets/Liabilities	$ 814

Real Estate Investments - Sch_2

Real Estate Investments - Schedule of Business Acquisitions (Parenthetical) (Details)	Mar. 31, 2022
Business Combinations [Abstract]
Percentage of purchase price and allocation	100%

Property Dispositions (Details)

Property Dispositions (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($) Property	Mar. 31, 2022 USD ($) Property
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net proceeds from sale of real estate investments | $	$ 2,923	$ 124,924
Gain on sale of real estate, net of tax | $	$ 250	$ 101,948
Wholly Owned Properties [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Percent interest sold	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		1
Land [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties sold | Property	1	1

Schedule of Other Assets (Detai

Schedule of Other Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Other Assets [Abstract]
Goodwill	$ 167,062	$ 167,062
Investments	53,967	54,581
Prepaid and other	41,363	28,615
Furniture, fixtures, and equipment, net ("FF&E")	5,044	5,808
Derivative assets	4,907	6,575
Deferred financing costs, net	4,583	5,156
Total other assets	$ 276,926	$ 267,797

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		Mar. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Long-term Debt		$ 3,741,784	$ 3,726,754
Line of Credit		$ 30,000
Fixed Rate Mortgage Loans [Member]
Debt Instrument [Line Items]
Debt, Weighted Average Contractual Interest Rate		3.90%
Debt, Weighted Average Effective Interest Rate		3.40%
Long-term Debt		$ 330,047	342,135
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		$ 3,249,468	3,248,373
Notes Payable to Banks [Member]
Debt Instrument [Line Items]
Long-term Debt		$ 3,711,784	3,726,754
Line of Credit [Member]
Debt Instrument [Line Items]
Debt, Weighted Average Contractual Interest Rate	[1]	5.80%
Debt, Weighted Average Effective Interest Rate	[1]	6.20%
Line of Credit	[1]	$ 30,000
London Interbank Offered Rate (LIBOR) [Member] | Variable Rate Mortgage Loans [Member]
Debt Instrument [Line Items]
Debt, Weighted Average Contractual Interest Rate	[2]	3.80%
Debt, Weighted Average Effective Interest Rate	[2]	3.90%
Long-term Debt	[2]	$ 132,269	$ 136,246
[1] Weighted average effective rate for the Line is calculated based on a fully drawn Line balance using the period end variable rate. Five of these six variable rate loans, representing $ 130.1 million of debt in the aggregate, have interest rate swaps in place to mitigate interest rate fluctuation risk. Based on these swap agreements, the effective fixed rates of the five loans range from 2.5 % to 6.0 %.

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		Mar. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Long-term Debt		$ 3,741,784	$ 3,726,754
Line of credit maximum amount		1,250,000
Variable Rate Mortgage Loans [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Long-term Debt	[1]	132,269	$ 136,246
Variable Rate Mortgage Loans [Member] | London Interbank Offered Rate (LIBOR) [Member] | Interest Rate Swaps [Member]
Debt Instrument [Line Items]
Long-term Debt		$ 130,100
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		6%
[1] Five of these six variable rate loans, representing $ 130.1 million of debt in the aggregate, have interest rate swaps in place to mitigate interest rate fluctuation risk. Based on these swap agreements, the effective fixed rates of the five loans range from 2.5 % to 6.0 %.

Notes Payable and Unsecured C_5

Notes Payable and Unsecured Credit Facilities - Schedule of Maturities of Long-term Debt (Details) - USD ($) $ in Thousands		Mar. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
2023	[1]	$ 38,608
2024		345,786
2025		327,692
2026		331,223
2027		666,703
Beyond 5 Years		2,053,195
Unamortized debt premium/(discount) and issuance costs		(21,423)
Total		3,741,784	$ 3,726,754
Unsecured Debt [Member]
Debt Instrument [Line Items]
Total		3,249,468	$ 3,248,373
Scheduled Principal Payments [Member] | Mortgages [Member]
Debt Instrument [Line Items]
2023	[1]	6,765
2024		5,044
2025		3,942
2026		4,127
2027		3,788
Beyond 5 Years		2,873
Total		26,539
Mortgage Loan Maturities [Member] | Mortgages [Member]
Debt Instrument [Line Items]
2023	[1]	31,843
2024		90,742
2025		43,750
2026		127,096
2027		137,915
Beyond 5 Years		322
Unamortized debt premium/(discount) and issuance costs		4,109
Total		435,777
Unsecured Maturities [Member] | Unsecured Debt [Member]
Debt Instrument [Line Items]
2024	[2]	250,000
2025	[2]	280,000
2026	[2]	200,000
2027	[2]	525,000
Beyond 5 Years	[2]	2,050,000
Unamortized debt premium/(discount) and issuance costs	[2]	(25,532)
Total	[2]	$ 3,279,468
[1] Reflects scheduled principal payments and maturities 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
		Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Derivative [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax		$ (2,736)	$ 8,968
Amount reclassified from accumulated other comprehensive loss		$ (1,492)	$ 1,010
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration]		Interest Expense	Interest Expense
Interest Expense		$ 36,393	$ 36,738
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months		4,700
Fair Value Inputs Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Derivative [Line Items]
Assets (Liabilities)	[1]	$ 4,537		$ 6,575
Derivative @ 1.490% [Member]
Derivative [Line Items]
Derivative, Inception Date		Dec. 01, 2016
Derivative, Maturity Date		Nov. 01, 2023
Derivative, Notional Amount		$ 30,969
Derivative, Description of Variable Rate Basis		SOFR
Derivative, Fixed Interest Rate		1.49%
Assets (Liabilities)	[1]	$ 621		883
Derivative @ 1.443% [Member]
Derivative [Line Items]
Derivative, Inception Date		Sep. 17, 2019
Derivative, Maturity Date		Mar. 17, 2025
Derivative, Notional Amount		$ 24,000
Derivative, Description of Variable Rate Basis		SOFR
Derivative, Fixed Interest Rate		1.443%
Assets (Liabilities)	[1]	$ 1,177		1,443
Derivative @ 1.684% [Member]
Derivative [Line Items]
Derivative, Inception Date		Dec. 20, 2019
Derivative, Maturity Date		Dec. 19, 2026
Derivative, Notional Amount		$ 24,365
Derivative, Description of Variable Rate Basis		SOFR
Derivative, Fixed Interest Rate		1.684%
Assets (Liabilities)	[1]	$ 1,523		1,939
Derivative @ 4.229% [Member]
Derivative [Line Items]
Derivative, Inception Date		Feb. 24, 2023
Derivative, Maturity Date		Dec. 31, 2026
Derivative, Notional Amount		$ 15,479
Derivative, Description of Variable Rate Basis		SOFR
Derivative, Fixed Interest Rate		4.229%
Assets (Liabilities)	[1]	$ (370)		152
Derivative @ 2.261% [Member]
Derivative [Line Items]
Derivative, Inception Date		Jun. 02, 2017
Derivative, Maturity Date		Jun. 02, 2027
Derivative, Notional Amount		$ 35,303
Derivative, Description of Variable Rate Basis		SOFR
Derivative, Fixed Interest Rate		2.261%
Assets (Liabilities)	[1]	$ 1,586		$ 2,158
[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

Leases (Details)

Leases (Details) - USD ($) $ in Thousands		3 Months Ended		12 Months Ended
		Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Operating Leased Assets [Line Items]
Fixed and in-substance fixed lease income		$ 219,641	$ 207,502
Variable lease income		80,780	72,026
Uncollectible straight-line rent		578	2,282
Uncollectible amounts billable in lease income		1,937	6,146
Total lease income		308,801	293,645
Accounts and Notes Receivable, Net		181,579		$ 188,863
Straight-line rent receivables		130,811		128,214
Tenant Receivables [Member]
Operating Leased Assets [Line Items]
Accounts and Notes Receivable, Net		21,546		31,486
Other Receivable [Member]
Operating Leased Assets [Line Items]
Accounts and Notes Receivable, Net	[1]	29,222		$ 29,163
Lessor [Member]
Operating Leased Assets [Line Items]
Above/below market rent and tenant rent inducement amortization, net		$ 5,865	$ 5,689
[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) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes payable	$ 3,711,784		$ 3,726,754
Unsecured credit facilities	30,000
Trading securities, unrealized holding gain (loss)	1,600	$ (3,000)
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	38,788		40,089
Available-for-sale debt securities	15,179		14,492
Interest rate derivatives	4,907		6,575
Total	58,874		61,156
Interest rate derivatives	(370)
Fair Value Inputs Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes payable, Fair Value	3,409,128		3,333,378
Unsecured credit facilities, Fair Value	30,000
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	15,179		14,492
Interest rate derivatives	4,907		6,575
Total	20,086		21,067
Interest rate derivatives	(370)
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	38,788		40,089
Total	$ 38,788		$ 40,089

Equity and Capital - Additional

Equity and Capital - Additional Information (Details) - USD ($)			3 Months Ended
	May 02, 2023	Feb. 28, 2023	Mar. 31, 2023	Mar. 31, 2022	Feb. 08, 2023
Class of Stock [Line Items]
Common stock dividend declared, per share			$ 0.650	$ 0.625
Stock repurchase program, authorized amount					$ 250,000,000
Stock repurchase program expiration date		Feb. 07, 2025
Stock repurchased and retired during period, value			$ (20,006,000)
Subsequent Event [Member]
Class of Stock [Line Items]
Common stock dividend declared, per share	$ 0.65
Common stock, dividends payable date	Jul. 06, 2023
Common stock, dividends record date	Jun. 14, 2023
Common stock, dividends declared date	May 02, 2023
Common Stock [Member]
Class of Stock [Line Items]
Stock repurchased and retired during period, value			$ (3,000)
AOCI Attributable to Parent [Member] | Common Stock [Member]
Class of Stock [Line Items]
Stock repurchased and retired during period, shares			349,519
Stock repurchased and retired during period, value			$ 20,000,000
Shares repurchased weighted average price per share			$ 57.22
Stock repurchased remaining authorized value			$ 230,000,000
Maximum [Member]
Class of Stock [Line Items]
Equity issuances, common shares authorized for issuance			350,400,000

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - Restricted Stock [Member]	3 Months Ended
	Mar. 31, 2023 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted | shares	282,100
Weighted-average grant-date fair value (in dollars per share) | $ / shares	$ 68.87

Earnings per Share and Unit (De

Earnings per Share and Unit (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Earnings Per Share Basic [Line Items]
Income per common share - basic		$ 0.57	$ 1.14
Income per common share - diluted		$ 0.57	$ 1.14
Weighted Average Limited Partnership Units Outstanding, Basic		741,433	760,046
Continuing Operations [Member] | Parent Company [Member]
Earnings Per Share Basic [Line Items]
Income attributable to common shareholders/unit holders - basic		$ 97,281	$ 195,228
Income attributable to common shareholders/unit holders - diluted		$ 97,281	$ 195,228
Weighted average common shares/units outstanding for basic EPS/EPU		171,212,000	171,312,000
Weighted average common shares/units outstanding for diluted EPS/EPU	[1]	171,494,000	171,671,000
Income per common share - basic		$ 0.57	$ 1.14
Income per common share - diluted		$ 0.57	$ 1.14
Continuing Operations [Member] | Partnership Interest [Member]
Earnings Per Share Basic [Line Items]
Income attributable to common shareholders/unit holders - basic		$ 97,701	$ 196,091
Income attributable to common shareholders/unit holders - diluted		$ 97,701	$ 196,091
Weighted average common shares/units outstanding for basic EPS/EPU		171,953,000	172,072,000
Weighted average common shares/units outstanding for diluted EPS/EPU	[2]	172,235,000	172,431,000
Income per common share - basic		$ 0.57	$ 1.14
Income per common share - diluted		$ 0.57	$ 1.14
[1] Includes the dilutive impact of unvested restricted stock. Includes the dilutive impact of unvested restricted stock.

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Line of Credit Facility, Maximum Borrowing Capacity	$ 50
Letters of Credit Outstanding, Amount	$ 9.4	$ 9.4