Regency Centers (REG) 10-Q 1 Nov 24 2024 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2024	Oct. 30, 2024
Document Information [Line Items]
Entity Registrant Name	REGENCY CENTERS CORPORATION
Entity Central Index Key	0000910606
Document Type	10-Q
Document Period End Date	Sep. 30, 2024
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
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		181,505,396
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
Document Quarterly Report	true
Document Transition Report	false
Entity Incorporation, State or Country Code	FL
Common Stock [Member]
Document Information [Line Items]
Trading Symbol	REG
Title of 12(b) Security	Common Stock, $0.01 par value
Security Exchange Name	NASDAQ
6.250% Series A Cumulative Redeemable Preferred Stock [Member]
Document Information [Line Items]
Trading Symbol	REGCP
Title of 12(b) Security	6.250% Series A Cumulative Redeemable Preferred Stock, par value $0.01 per share
Security Exchange Name	NASDAQ
5.875% Series B Cumulative Redeemable Preferred Stock [Member]
Document Information [Line Items]
Trading Symbol	REGCO
Title of 12(b) Security	5.875% Series B Cumulative Redeemable Preferred Stock, par value $0.01 per share
Security Exchange Name	NASDAQ
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	Sep. 30, 2024	Dec. 31, 2023
Net real estate investments:
Real estate assets, at cost	$ 13,620,602	$ 13,454,391
Less: accumulated depreciation	2,894,010	2,691,386
Real estate assets, net	10,726,592	10,763,005
Investments in sales-type lease, net	16,056	8,705
Investments in real estate partnerships	387,413	370,605
Net real estate investments	11,130,061	11,142,315
Properties held for sale, net		18,878
Cash, cash equivalents, and restricted cash, including $4,822 and $6,383 of restricted cash at September 30, 2024 and December 31, 2023, respectively	114,831	91,354
Tenant and other receivables, net	240,114	206,162
Deferred leasing costs, less accumulated amortization of $128,881 and $124,107 at September 30, 2024 and December 31, 2023, respectively	78,206	73,398
Acquired lease intangible assets, less accumulated amortization of $384,600 and $364,413 at September 30, 2024 and December 31, 2023, respectively	242,529	283,375
Right of use assets, net	323,660	328,002
Other assets	297,178	283,429
Total assets	12,426,579	12,426,913
Liabilities:
Notes payable, net	4,365,007	4,001,949
Unsecured credit facility	30,000	152,000
Accounts payable and other liabilities	389,055	358,612
Acquired lease intangible liabilities, less accumulated amortization of $214,684 and $211,067 at September 30, 2024 and December 31, 2023, respectively	372,627	398,302
Lease liabilities	245,107	246,063
Tenants' security, escrow deposits and prepaid rent	80,586	78,052
Total liabilities	5,482,382	5,234,978
Commitments and contingencies
Shareholders' equity/Partners' capital:
Preferred stock $0.01 par value per share, 30,000,000 shares authorized; 9,000,000 shares issued and outstanding, in the aggregate, in Series A and Series B at September 30, 2024 and December 31, 2023 with liquidation preference of $25 per share	225,000	225,000
Common stock $0.01 par value per share, 220,000,000 shares authorized; 181,502,569 and 184,581,070 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively	1,815	1,846
Treasury stock at cost, 473,471 and 448,140 shares held at September 30, 2024 and December 31, 2023, respectively	(27,638)	(25,488)
Additional paid-in-capital	8,509,021	8,704,240
Accumulated other comprehensive loss	(5,374)	(1,308)
Distributions in excess of net income	(1,935,358)	(1,871,603)
Total shareholders' equity	6,767,466	7,032,687
Noncontrolling interests:
Exchangeable operating partnership units, aggregate redemption value of $79,212 and $74,199 at September 30, 2024 and December 31, 2023, respectively	40,890	42,195
Limited partners' interests in consolidated partnerships	135,841	117,053
Total noncontrolling interests	176,731	159,248
Total equity	6,944,197	7,191,935
Total liabilities and equity	12,426,579	12,426,913
Partnership Interest [Member]
Net real estate investments:
Real estate assets, at cost	13,620,602	13,454,391
Less: accumulated depreciation	2,894,010	2,691,386
Real estate assets, net	10,726,592	10,763,005
Investments in sales-type lease, net	16,056	8,705
Investments in real estate partnerships	387,413	370,605
Net real estate investments	11,130,061	11,142,315
Properties held for sale, net	0	18,878
Cash, cash equivalents, and restricted cash, including $4,822 and $6,383 of restricted cash at September 30, 2024 and December 31, 2023, respectively	114,831	91,354
Tenant and other receivables, net	240,114	206,162
Deferred leasing costs, less accumulated amortization of $128,881 and $124,107 at September 30, 2024 and December 31, 2023, respectively	78,206	73,398
Acquired lease intangible assets, less accumulated amortization of $384,600 and $364,413 at September 30, 2024 and December 31, 2023, respectively	242,529	283,375
Right of use assets, net	323,660	328,002
Other assets	297,178	283,429
Total assets	12,426,579	12,426,913
Liabilities:
Notes payable, net	4,365,007	4,001,949
Unsecured credit facility	30,000	152,000
Accounts payable and other liabilities	389,055	358,612
Acquired lease intangible liabilities, less accumulated amortization of $214,684 and $211,067 at September 30, 2024 and December 31, 2023, respectively	372,627	398,302
Lease liabilities	245,107	246,063
Tenants' security, escrow deposits and prepaid rent	80,586	78,052
Total liabilities	5,482,382	5,234,978
Commitments and contingencies
Shareholders' equity/Partners' capital:
Preferred units $0.01 par value per unit, 30,000,000 units authorized; 9,000,000 units issued and outstanding, in the aggregate, in Series A and Series B at September 30, 2024 and December 31, 2023 with liquidation preference of $25 per unit	225,000	225,000
General partner's common units, 181,502,569 and 184,581,070 units issued and outstanding at September 30, 2024 and December 31, 2023, respectively	6,547,840	6,808,995
Limited partners' common units, 1,096,659 and 1,107,454 units issued and outstanding at September 30, 2024 and December 31, 2023 respectively	40,890	42,195
Accumulated other comprehensive loss	(5,374)	(1,308)
Total partners' capital	6,808,356	7,074,882
Noncontrolling interests:
Limited partners' interests in consolidated partnerships	135,841	117,053
Total capital	6,944,197	7,191,935
Total liabilities and equity	$ 12,426,579	$ 12,426,913

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Restricted cash and cash equivalent	$ 4,822	$ 6,383
Deferred costs accumulated amortization	128,881	124,107
Accumulated amortization of acquired lease intangible assets	384,600	364,413
Accumulated accretion of acquired lease intangible liabilities	$ 214,684	$ 211,067
Preferred stock, par value per share	$ 0.01	$ 0.01
Preferred stock, shares authorized	30,000,000	30,000,000
Preferred stock, shares issued	9,000,000	9,000,000
Preferred stock, shares outstanding	9,000,000	9,000,000
Preferred stock, liquidation preferences	$ 25	$ 25
Common stock, par value per share	$ 0.01	$ 0.01
Common stock, shares authorized	220,000,000	220,000,000
Common stock, shares issued	181,502,569	184,581,070
Common stock, shares outstanding	181,502,569	184,581,070
Treasury stock, shares held at cost	473,471	448,140
Exchangeable operating partnership units aggregate redemption value	$ 79,212	$ 74,199
Partnership Interest [Member]
Restricted cash and cash equivalent	4,822	6,383
Deferred costs accumulated amortization	128,881	124,107
Accumulated amortization of acquired lease intangible assets	384,600	364,413
Accumulated accretion of acquired lease intangible liabilities	$ 214,684	$ 211,067
Preferred stock, par value per units	$ 0.01	$ 0.01
Preferred units, authorized	30,000,000	30,000,000
Preferred units, issued	9,000,000	9,000,000
Preferred units, outstanding	9,000,000	9,000,000
Preferred units of general partner units, outstanding	9,000,000	9,000,000
Preferred units of general partner units, liquidation preferences	$ 25	$ 25
General partner units, issued	181,502,569	184,581,070
General partner units, outstanding	181,502,569	184,581,070
Limited partner units, issued	1,096,659	1,107,454
Limited partner units, outstanding	1,096,659	1,107,454

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues:
Lease income	$ 349,057	$ 320,921	$ 1,050,008	$ 934,180
Other property income	4,444	2,638	11,464	8,459
Management, transaction, and other fees	6,765	7,079	19,896	20,223
Total revenues	360,266	330,638	1,081,368	962,862
Operating expenses:
Depreciation and amortization	100,955	87,505	299,508	253,373
Property operating expense	60,477	59,227	183,242	164,643
Real estate taxes	45,729	40,171	135,514	117,157
General and administrative	25,073	20,903	75,443	71,248
Other operating expenses	3,654	3,533	9,363	4,718
Total operating expenses	235,888	211,339	703,070	611,139
Other expense, net:
Interest expense, net	47,022	38,807	133,068	112,156
Gain on sale of real estate, net of tax	(11,360)	(184)	(33,844)	(515)
Loss on early extinguishment of debt			180
Net investment (income) loss	(1,372)	1,020	(4,506)	(2,449)
Total other expense, net	34,290	39,643	94,898	109,192
Income before equity in income of investments in real estate partnerships	90,088	79,656	283,400	242,531
Equity in income of investments in real estate partnerships	13,488	12,517	37,763	36,302
Net income	103,576	92,173	321,163	278,833
Noncontrolling interests:
Exchangeable operating partnership units	(593)	(520)	(1,836)	(1,490)
Limited partners' interests in consolidated partnerships	(1,514)	(933)	(5,416)	(2,560)
Net income attributable to noncontrolling interests	(2,107)	(1,453)	(7,252)	(4,050)
Net income attributable to the Company/ Partnership	101,469	90,720	313,911	274,783
Preferred stock dividends	(3,413)	(1,644)	(10,239)	(1,644)
Net income attributable to common shareholders	$ 98,056	$ 89,076	$ 303,672	$ 273,139
Net income attributable to common unit holders:
Per common unit - basic	$ 0.54	$ 0.5	$ 1.66	$ 1.58
Per common unit - diluted	$ 0.54	$ 0.5	$ 1.66	$ 1.57
Partnership Interest [Member]
Revenues:
Lease income	$ 349,057	$ 320,921	$ 1,050,008	$ 934,180
Other property income	4,444	2,638	11,464	8,459
Management, transaction, and other fees	6,765	7,079	19,896	20,223
Total revenues	360,266	330,638	1,081,368	962,862
Operating expenses:
Depreciation and amortization	100,955	87,505	299,508	253,373
Property operating expense	60,477	59,227	183,242	164,643
Real estate taxes	45,729	40,171	135,514	117,157
General and administrative	25,073	20,903	75,443	71,248
Other operating expenses	3,654	3,533	9,363	4,718
Total operating expenses	235,888	211,339	703,070	611,139
Other expense, net:
Interest expense, net	47,022	38,807	133,068	112,156
Gain on sale of real estate, net of tax	(11,360)	(184)	(33,844)	(515)
Loss on early extinguishment of debt			180
Net investment (income) loss	(1,372)	1,020	(4,506)	(2,449)
Total other expense, net	34,290	39,643	94,898	109,192
Income before equity in income of investments in real estate partnerships	90,088	79,656	283,400	242,531
Equity in income of investments in real estate partnerships	13,488	12,517	37,763	36,302
Net income	103,576	92,173	321,163	278,833
Noncontrolling interests:
Limited partners' interests in consolidated partnerships	(1,514)	(933)	(5,416)	(2,560)
Net income attributable to noncontrolling interests	(1,514)	(933)	(5,416)	(2,560)
Net income attributable to the Company/ Partnership	102,062	91,240	315,747	276,273
Preferred unit distributions	(3,413)	(1,644)	(10,239)	(1,644)
Net income attributable to common unit holders	$ 98,649	$ 89,596	$ 305,508	$ 274,629
Net income attributable to common unit holders:
Per common unit - basic	$ 0.54	$ 0.5	$ 1.66	$ 1.58
Per common unit - diluted	$ 0.54	$ 0.5	$ 1.66	$ 1.57

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Net income	$ 103,576	$ 92,173	$ 321,163	$ 278,833
Other comprehensive (loss) income:
Effective portion of change in fair value of derivative instruments	(9,305)	4,606	2,412	7,327
Reclassification adjustment of derivative instruments included in net income	(2,306)	(2,161)	(7,113)	(5,302)
Unrealized gain (loss) on available-for-sale debt securities	415	(292)	295	(215)
Other comprehensive (loss) income	(11,196)	2,153	(4,406)	1,810
Comprehensive income	92,380	94,326	316,757	280,643
Less: comprehensive income attributable to noncontrolling interests:
Net income attributable to noncontrolling interests	2,107	1,453	7,252	4,050
Other comprehensive (loss) income attributable to noncontrolling interests	(687)	54	(340)	(65)
Comprehensive income attributable to noncontrolling interests	1,420	1,507	6,912	3,985
Comprehensive income attributable to the Company	90,960	92,819	309,845	276,658
Partnership Interest [Member]
Net income	103,576	92,173	321,163	278,833
Other comprehensive (loss) income:
Effective portion of change in fair value of derivative instruments	(9,305)	4,606	2,412	7,327
Reclassification adjustment of derivative instruments included in net income	(2,306)	(2,161)	(7,113)	(5,302)
Unrealized gain (loss) on available-for-sale debt securities	415	(292)	295	(215)
Other comprehensive (loss) income	(11,196)	2,153	(4,406)	1,810
Comprehensive income	92,380	94,326	316,757	280,643
Less: comprehensive income attributable to noncontrolling interests:
Net income attributable to noncontrolling interests	1,514	933	5,416	2,560
Other comprehensive (loss) income attributable to noncontrolling interests	(620)	40	(312)	(85)
Comprehensive income attributable to noncontrolling interests	894	973	5,104	2,475
Comprehensive income attributable to the Company	$ 91,486	$ 93,353	$ 311,653	$ 278,168

Consolidated Statements of Equi

Consolidated Statements of Equity (Unaudited) - USD ($) $ in Thousands	Total	Preferred Stock [Member]	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 Shareholders' Equity [Member]	Noncontrolling Interests Exchangeable Operating Partnership Units [Member]	Noncontrolling Interests in Limited Partners' Interest in Consolidated Partnerships [Member]	Total Noncontrolling Interest [Member]
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	278,833						274,783	274,783	1,490	2,560	4,050
Other comprehensive income
Other comprehensive income before reclassification	7,112					6,596		6,596	46	470	516
Amounts reclassified from accumulated other comprehensive income	(5,302)					(4,721)		(4,721)	(26)	(555)	(581)
Deferred compensation plan, net				(620)	620
Restricted stock issued, net of amortization	14,389		2		14,387			14,389
Common stock repurchased for taxes withheld for stock based compensation, net	(7,201)				(7,201)			(7,201)
Common stock repurchased and retired	(20,006)		(3)		(20,003)			(20,006)
Common stock issued under dividend reinvestment plan	461				461			461
Common stock issued for partnership units exchanged					198			198	(198)		(198)
Common stock issued, net of issuance costs	818,534		136		818,398			818,534
Issuance of exchangeable operating partnership units	20,000		20,000						20,000		20,000
Issuance of preferred stock	225,000	$ 225,000						225,000
Contributions from partners	72,830									72,830	72,830
Distributions to partners	(5,171)									(5,171)	(5,171)
Cash dividends declared - preferred stock/unit	(1,644)						(1,644)	(1,644)
Cash dividends declared - common stock/unit	(344,347)						(342,460)	(342,460)	(1,887)		(1,887)
Ending Balance at Sep. 30, 2023	7,231,527	225,000	1,846	(25,081)	8,684,012	9,435	(1,834,298)	7,060,914	53,914	116,699	170,613
Beginning Balance at Jun. 30, 2023	6,143,786		1,710	(24,676)	7,859,249	7,336	(1,803,406)	6,040,213	54,281	49,292	103,573
Net income	92,173						90,720	90,720	520	933	1,453
Other comprehensive income
Other comprehensive income before reclassification	4,314					4,026		4,026	25	263	288
Amounts reclassified from accumulated other comprehensive income	(2,161)					(1,927)		(1,927)	(11)	(223)	(234)
Deferred compensation plan, net				(405)	405
Restricted stock issued, net of amortization	5,465				5,465			5,465
Common stock repurchased for taxes withheld for stock based compensation, net	125				125			125
Common stock issued under dividend reinvestment plan	162				162			162
Common stock issued for partnership units exchanged					198			198	(198)		(198)
Common stock issued, net of issuance costs	818,544		136		818,408			818,544
Issuance of preferred stock	225,000	225,000						225,000
Contributions from partners	69,625									69,625	69,625
Distributions to partners	(3,191)									(3,191)	(3,191)
Cash dividends declared - preferred stock/unit	(1,644)						(1,644)	(1,644)
Cash dividends declared - common stock/unit	(120,671)						(119,968)	(119,968)	(703)		(703)
Ending Balance at Sep. 30, 2023	7,231,527	225,000	1,846	(25,081)	8,684,012	9,435	(1,834,298)	7,060,914	53,914	116,699	170,613
Beginning Balance at Dec. 31, 2023	7,191,935	225,000	1,846	(25,488)	8,704,240	(1,308)	(1,871,603)	7,032,687	42,195	117,053	159,248
Net income	321,163						313,911	313,911	1,836	5,416	7,252
Other comprehensive income
Other comprehensive income before reclassification	2,707					2,585		2,585	13	109	122
Amounts reclassified from accumulated other comprehensive income	(7,113)					(6,651)		(6,651)	(41)	(421)	(462)
Adjustment for noncontrolling interests					(9,999)			(9,999)	1,305	8,694	9,999
Deferred compensation plan, net				(2,150)	2,150
Restricted stock issued, net of amortization	19,811		2		19,809			19,811
Common stock repurchased for taxes withheld for stock based compensation, net	(8,375)				(8,375)			(8,375)
Common stock repurchased and retired	(200,066)		(33)		(200,033)			(200,066)
Common stock issued under dividend reinvestment plan	494				494			494
Common stock issued for exchangeable operating partnership units					735			735	(735)		(735)
Contributions from partners	14,425									14,425	14,425
Distributions to partners	(9,435)									(9,435)	(9,435)
Cash dividends declared - preferred stock/unit	(10,239)						(10,239)	(10,239)
Cash dividends declared - common stock/unit	(371,110)						(367,427)	(367,427)	(3,683)		(3,683)
Ending Balance at Sep. 30, 2024	6,944,197	225,000	1,815	(27,638)	8,509,021	(5,374)	(1,935,358)	6,767,466	40,890	135,841	176,731
Beginning Balance at Jun. 30, 2024	6,963,170	225,000	1,815	(27,234)	8,502,753	5,135	(1,911,741)	6,795,728	40,738	126,704	167,442
Net income	103,576						101,469	101,469	593	1,514	2,107
Other comprehensive income
Other comprehensive income before reclassification	(8,890)					(8,357)		(8,357)	(53)	(480)	(533)
Amounts reclassified from accumulated other comprehensive income	(2,306)					(2,152)		(2,152)	(14)	(140)	(154)
Adjustment for noncontrolling interests					(1,305)			(1,305)	1,305		1,305
Deferred compensation plan, net				(404)	404
Restricted stock issued, net of amortization	6,674				6,674			6,674
Common stock repurchased for taxes withheld for stock based compensation, net	119				119			119
Common stock issued under dividend reinvestment plan	170				170			170
Common stock issued for partnership units exchanged					206			206	(206)		(206)
Contributions from partners	11,424									11,424	11,424
Distributions to partners	(3,181)									(3,181)	(3,181)
Cash dividends declared - preferred stock/unit	(3,413)						(3,413)	(3,413)
Cash dividends declared - common stock/unit	(123,146)						(121,673)	(121,673)	(1,473)		(1,473)
Ending Balance at Sep. 30, 2024	$ 6,944,197	$ 225,000	$ 1,815	$ (27,638)	$ 8,509,021	$ (5,374)	$ (1,935,358)	$ 6,767,466	$ 40,890	$ 135,841	$ 176,731

Consolidated Statements of Eq_2

Consolidated Statements of Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Common stock/unit per share	$ 0.67	$ 0.65	$ 2.01	$ 1.95
Series A [Member]
Preferred stock/unit per share	0.390625	0.390625	1.171875	0.390625
Series B [Member]
Preferred stock/unit per share	$ 0.3672	$ 0.3672	$ 1.1016	$ 0.3672

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net income	$ 321,163	$ 278,833
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	299,508	253,373
Amortization of deferred financing costs and debt premiums	9,754	5,124
Amortization of above and below market lease intangibles, net	(17,383)	(21,573)
Stock-based compensation, net of capitalization	18,829	14,203
Equity in income of investments in real estate partnerships	(37,763)	(36,302)
Gain on sale of real estate, net of tax	(33,844)	(515)
Loss on early extinguishment of debt	180
Distribution of earnings from investments in real estate partnerships	49,987	48,451
Deferred compensation expense	3,615	2,148
Realized and unrealized gain on investments	(4,439)	(2,252)
Changes in assets and liabilities:
Tenant and other receivables	(8,736)	(3,094)
Deferred leasing costs	(7,643)	(7,705)
Other assets	(10,738)	(7,577)
Accounts payable and other liabilities	13,881	20,875
Tenants' security, escrow deposits and prepaid rent	2,442	3,696
Net cash provided by operating activities	598,813	547,685
Cash flows from investing activities:
Acquisition of operating real estate	(45,205)	(2,033)
Real estate development and capital improvements	(235,284)	(158,982)
Proceeds from sale of real estate	103,626	10,338
Proceeds from property insurance casualty claims	5,257
Issuance of notes receivable	(32,651)	(4,000)
Collection of notes receivable	3,052
Investments in real estate partnerships	(25,771)	(9,118)
Return of capital from investments in real estate partnerships	12,859	3,644
Dividends on investment securities	296	571
Acquisition of investment securities	(99,035)	(5,206)
Proceeds from sale of investment securities	103,785	13,747
Net cash used in investing activities	(209,071)	(231,527)
Cash flows from financing activities:
Net proceeds from common stock issuance		4
Repurchase of common shares in conjunction with equity award plans	(8,776)	(7,653)
Common shares repurchased through share repurchase program	(200,066)	(20,006)
Proceeds from sale of treasury stock	210	62
Contributions from non-controlling interests	6,533	3,167
Distributions to and redemptions of non-controlling interests	(9,435)
Distributions to exchangeable operating partnership unit holders	(2,215)	(1,666)
Dividends paid to common shareholders	(368,999)	(332,627)
Dividends paid to preferred shareholders	(10,239)
Repayment of fixed rate unsecured notes	(250,000)
Proceeds from issuance of fixed rate unsecured notes, net of debt discount	722,860
Proceeds from unsecured credit facilities	527,419	442,000
Repayment of unsecured credit facilities	(649,419)	(365,000)
Proceeds from notes payable	12,000	46,500
Repayment of notes payable	(110,862)	(60,257)
Scheduled principal payments	(8,716)	(7,977)
Payment of financing costs	(16,560)	(411)
Net cash used in financing activities	(366,265)	(303,864)
Net increase in cash and cash equivalents and restricted cash	23,477	12,294
Cash and cash equivalents and restricted cash at beginning of the period	91,354	68,776
Cash and cash equivalents and restricted cash at end of the period	114,831	81,070
Supplemental disclosure of cash flow information:
Cash paid for interest (net of capitalized interest of $4,812 and $4,026 in 2024 and 2023, respectively)	137,367	116,686
Cash paid for income taxes, net of refunds	7,114	728
Supplemental disclosure of non-cash transactions:
Common and Preferred stock, and exchangeable operating partnership dividends declared but not paid	126,085	122,946
Right of use assets obtained in exchange for new operating lease liabilities	1,271	32,002
Sale of leased asset in exchange for net investment in sales-type lease	2,846	8,510
Common stock issued for partnership units exchanged	735	199
Reallocation of equity upon acquisition of non-controlling interest	8,694
Exchangeable operating partnership units issued for acquisition of real estate		20,000
Change in accrued capital expenditures	8,837	20,967
Common stock issued under dividend reinvestment plan	494	461
Stock-based compensation capitalized	1,383	638
Contributions to investments in real estate partnerships	18,242
Contributions from limited partners in consolidated partnerships	7,891
Common stock issued for dividend reinvestment in trust	918	905
Contribution of stock awards into trust	1,749	1,961
Distribution of stock held in trust	476	2,245
Change in fair value of securities	295	215
UBP Acquisition [Member]
Cash flows from investing activities:
Acquisition of UBP, net of cash acquired of $14,143 in 2023		(80,488)
Supplemental disclosure of non-cash transactions:
Notes payable assumed in acquisition, at fair value		284,706
Non-controlling interest assumed in acquisition, at fair value		64,492
Common Stock [Member]
Supplemental disclosure of non-cash transactions:
Exchangeable operating partnership units issued for acquisition of real estate		20,000
Common Stock [Member] | UBP Acquisition [Member]
Supplemental disclosure of non-cash transactions:
Stock exchanged		818,530
Preferred Stock [Member] | UBP Acquisition [Member]
Supplemental disclosure of non-cash transactions:
Stock exchanged		225,000
Partnership Interest [Member]
Cash flows from operating activities:
Net income	321,163	278,833
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	299,508	253,373
Amortization of deferred financing costs and debt premiums	9,754	5,124
Amortization of above and below market lease intangibles, net	(17,383)	(21,573)
Stock-based compensation, net of capitalization	18,829	14,203
Equity in income of investments in real estate partnerships	(37,763)	(36,302)
Gain on sale of real estate, net of tax	(33,844)	(515)
Loss on early extinguishment of debt	180
Distribution of earnings from investments in real estate partnerships	49,987	48,451
Deferred compensation expense	3,615	2,148
Realized and unrealized gain on investments	(4,439)	(2,252)
Changes in assets and liabilities:
Tenant and other receivables	(8,736)	(3,094)
Deferred leasing costs	(7,643)	(7,705)
Other assets	(10,738)	(7,577)
Accounts payable and other liabilities	13,881	20,875
Tenants' security, escrow deposits and prepaid rent	2,442	3,696
Net cash provided by operating activities	598,813	547,685
Cash flows from investing activities:
Acquisition of operating real estate	(45,205)	(2,033)
Real estate development and capital improvements	(235,284)	(158,982)
Proceeds from sale of real estate	103,626	10,338
Proceeds from property insurance casualty claims	5,257
Issuance of notes receivable	(32,651)	(4,000)
Collection of notes receivable	3,052
Investments in real estate partnerships	(25,771)	(9,118)
Return of capital from investments in real estate partnerships	12,859	3,644
Dividends on investment securities	296	571
Acquisition of investment securities	(99,035)	(5,206)
Proceeds from sale of investment securities	103,785	13,747
Net cash used in investing activities	(209,071)	(231,527)
Cash flows from financing activities:
Net proceeds from common stock issuance		4
Repurchase of common shares in conjunction with equity award plans	(8,776)	(7,653)
Common shares repurchased through share repurchase program	(200,066)	(20,006)
Proceeds from sale of treasury stock	210	62
Contributions from non-controlling interests	6,533	3,167
Distributions to and redemptions of non-controlling interests	(9,435)
Dividends paid to common shareholders	(371,214)	(334,293)
Dividends paid to preferred shareholders	(10,239)
Repayment of fixed rate unsecured notes	(250,000)
Proceeds from issuance of fixed rate unsecured notes, net of debt discount	722,860
Proceeds from unsecured credit facilities	527,419	442,000
Repayment of unsecured credit facilities	(649,419)	(365,000)
Proceeds from notes payable	12,000	46,500
Repayment of notes payable	(110,862)	(60,257)
Scheduled principal payments	(8,716)	(7,977)
Payment of financing costs	(16,560)	(411)
Net cash used in financing activities	(366,265)	(303,864)
Net increase in cash and cash equivalents and restricted cash	23,477	12,294
Cash and cash equivalents and restricted cash at beginning of the period	91,354	68,776
Cash and cash equivalents and restricted cash at end of the period	114,831	81,070
Supplemental disclosure of cash flow information:
Cash paid for interest (net of capitalized interest of $4,812 and $4,026 in 2024 and 2023, respectively)	137,367	116,686
Cash paid for income taxes, net of refunds	7,114	728
Supplemental disclosure of non-cash transactions:
Common and Preferred stock, and exchangeable operating partnership dividends declared but not paid	126,085	122,946
Right of use assets obtained in exchange for new operating lease liabilities	1,271	32,002
Sale of leased asset in exchange for net investment in sales-type lease	2,846	8,510
Notes payable assumed in acquisition, at fair value		284,706
Non-controlling interest assumed in acquisition, at fair value		64,492
Common stock issued by Parent Company for partnership units exchanged	735	199
Reallocation of equity upon acquisition of non-controlling interest	8,694
Exchangeable operating partnership units issued for acquisition of real estate		20,000
Change in accrued capital expenditures	8,837	20,967
Common stock issued under dividend reinvestment plan	494	461
Stock-based compensation capitalized	1,383	638
Contributions to investments in real estate partnerships	18,242
Contributions from limited partners in consolidated partnerships	7,891
Common stock issued for dividend reinvestment in trust	918	905
Contribution of stock awards into trust	1,749	1,961
Distribution of stock held in trust	476	2,245
Change in fair value of securities	$ 295	215
Partnership Interest [Member] | UBP Acquisition [Member]
Cash flows from investing activities:
Acquisition of UBP, net of cash acquired of $14,143 in 2023		(80,488)
Partnership Interest [Member] | Common Stock [Member] | UBP Acquisition [Member]
Supplemental disclosure of non-cash transactions:
Stock exchanged		818,530
Partnership Interest [Member] | Preferred Stock [Member] | UBP Acquisition [Member]
Supplemental disclosure of non-cash transactions:
Stock exchanged		$ 225,000

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Unaudited) (Parenthetical) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Capitalized interest	$ 4,812	$ 4,026
UBP Acquisition [Member]
Net of cash acquired		14,143
Partnership Interest [Member]
Capitalized interest	$ 4,812	4,026
Partnership Interest [Member] | UBP Acquisition [Member]
Net of cash acquired		$ 14,143

Consolidated Statements of Capi

Consolidated Statements of Capital (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Net income	$ 103,576	$ 92,173	$ 321,163	$ 278,833
Other comprehensive income (loss)
Amounts reclassified from accumulated other comprehensive income	(2,306)	(2,161)	(7,113)	(5,302)
Contributions from partners	11,424	69,625	14,425	72,830
Issuance of exchangeable operating partnership units				20,000
Distributions to partners	(3,181)	(3,191)	(9,435)	(5,171)
Restricted units issued as a result of restricted stock issued by Parent Company, net of amortization	6,674	5,465	19,811	14,389
Total Partners' Capital [Member]
Net income	101,469	90,720	313,911	274,783
Other comprehensive income (loss)
Amounts reclassified from accumulated other comprehensive income	(2,152)	(1,927)	(6,651)	(4,721)
Restricted units issued as a result of restricted stock issued by Parent Company, net of amortization	6,674	5,465	19,811	14,389
Partnership Interest [Member]
Beginning Balance	6,963,170	6,143,786	7,191,935	6,178,039
Net income	103,576	92,173	321,163	278,833
Other comprehensive income (loss)
Other comprehensive income (loss) before reclassification	(8,890)	4,314	2,707	7,112
Amounts reclassified from accumulated other comprehensive income	(2,306)	(2,161)	(7,113)	(5,302)
Contributions from partners	11,424	69,625	14,425	72,830
Issuance of exchangeable operating partnership units				20,000
Distributions to partners	(126,327)	(123,862)	(380,545)	(349,518)
Preferred unit distributions	(3,413)	(1,644)	(10,239)	(1,644)
Restricted units issued as a result of restricted stock issued by Parent Company, net of amortization	6,674	5,465	19,811	14,389
Preferred units issued as a result of preferred stock issued by Parent Company, net of issuance costs		225,000		225,000
Common units repurchased and retired as a result of common stock repurchased and retired by Parent Company			(200,066)	(20,006)
Common units issued as a result of common stock issued by Parent Company, net of redemptions		818,544		818,534
Common units repurchased as a result of common stock repurchased by Parent Company, net of issuances	289	287	(7,881)	(6,740)
Ending Balance	6,944,197	7,231,527	6,944,197	7,231,527
Partnership Interest [Member] | Total Partners' Capital [Member]
Beginning Balance	6,836,466	6,094,494	7,074,882	6,131,474
Net income	102,062	91,240	315,747	276,273
Other comprehensive income (loss)
Other comprehensive income (loss) before reclassification	(8,410)	4,051	2,598	6,642
Amounts reclassified from accumulated other comprehensive income	(2,166)	(1,938)	(6,692)	(4,747)
Adjustment for noncontrolling interests			(8,694)
Issuance of exchangeable operating partnership units				20,000
Distributions to partners	(123,146)	(120,671)	(371,110)	(344,347)
Preferred unit distributions	(3,413)	(1,644)	(10,239)	(1,644)
Restricted units issued as a result of restricted stock issued by Parent Company, net of amortization	6,674	5,465	19,811	14,389
Preferred units issued as a result of preferred stock issued by Parent Company, net of issuance costs		225,000		225,000
Common units repurchased and retired as a result of common stock repurchased and retired by Parent Company			(200,066)	(20,006)
Common units issued as a result of common stock issued by Parent Company, net of redemptions		818,544		818,534
Common units repurchased as a result of common stock repurchased by Parent Company, net of issuances	289	287	(7,881)	(6,740)
Ending Balance	6,808,356	7,114,828	6,808,356	7,114,828
Partnership Interest [Member] | Accumulated Other Comprehensive Income (Loss) [Member]
Beginning Balance	5,135	7,336	(1,308)	7,560
Other comprehensive income (loss)
Other comprehensive income (loss) before reclassification	(8,357)	4,026	2,585	6,596
Amounts reclassified from accumulated other comprehensive income	(2,152)	(1,927)	(6,651)	(4,721)
Ending Balance	(5,374)	9,435	(5,374)	9,435
Partnership Interest [Member] | Noncontrolling Interests In Limited Partners Interest In Consolidated Partnerships [Member]
Beginning Balance	126,704	49,292	117,053	46,565
Net income	1,514	933	5,416	2,560
Other comprehensive income (loss)
Other comprehensive income (loss) before reclassification	(480)	263	109	470
Amounts reclassified from accumulated other comprehensive income	(140)	(223)	(421)	(555)
Adjustment for noncontrolling interests			8,694
Contributions from partners	11,424	69,625	14,425	72,830
Distributions to partners	(3,181)	(3,191)	(9,435)	(5,171)
Ending Balance	135,841	116,699	135,841	116,699
Partnership Interest [Member] | General Partner Preferred and Common Units [Member]
Beginning Balance	6,790,593	6,032,877	7,033,995	6,089,425
Net income	101,469	90,720	313,911	274,783
Other comprehensive income (loss)
Adjustment for noncontrolling interests	(1,305)		(9,999)
Distributions to partners	(121,673)	(119,968)	(367,427)	(342,460)
Preferred unit distributions	(3,413)	(1,644)	(10,239)	(1,644)
Restricted units issued as a result of restricted stock issued by Parent Company, net of amortization	6,674	5,465	19,811	14,389
Preferred units issued as a result of preferred stock issued by Parent Company, net of issuance costs		225,000		225,000
Common units repurchased and retired as a result of common stock repurchased and retired by Parent Company			(200,066)	(20,006)
Common units issued as a result of common stock issued by Parent Company, net of redemptions		818,544		818,534
Common units repurchased as a result of common stock repurchased by Parent Company, net of issuances	289	287	(7,881)	(6,740)
Exchangeable operating partnership units converted to common stock of Parent Company			735
Common units exchanged for common stock of Parent Company	206	198		198
Ending Balance	6,772,840	7,051,479	6,772,840	7,051,479
Partnership Interest [Member] | Limited Partner [Member]
Beginning Balance	40,738	54,281	42,195	34,489
Net income	593	520	1,836	1,490
Other comprehensive income (loss)
Other comprehensive income (loss) before reclassification	(53)	25	13	46
Amounts reclassified from accumulated other comprehensive income	(14)	(11)	(41)	(26)
Adjustment for noncontrolling interests	1,305		1,305
Issuance of exchangeable operating partnership units				20,000
Distributions to partners	(1,473)	(703)	(3,683)	(1,887)
Exchangeable operating partnership units converted to common stock of Parent Company			(735)
Common units exchanged for common stock of Parent Company	(206)	(198)		(198)
Ending Balance	$ 40,890	$ 53,914	$ 40,890	$ 53,914

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 101,469	$ 90,720	$ 313,911	$ 274,783

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Organization and Significant Ac

Organization and Significant Accounting Policies	9 Months Ended
	Sep. 30, 2024
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. Its only indebtedness consists of $ 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 September 30, 2024, the Parent Company, the Operating Partnership, and their controlled subsidiaries on a consolidated basis owned 381 properties and held partial interests in an additional 102 properties through unconsolidated Investments in real estate partnerships (also referred to as "joint ventures" or "investment partnerships"). Basis of Presentation The information included in this Report should be read in conjunction with the Company's Annual Report on Form 10-K for the year ended December 31, 2023, as certain disclosures in this Report that would duplicate those included in such Annual Report on Form 10-K are not included in these consolidated financial statements. 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. Acquisition of Urstadt Biddle Properties Inc. On August 18, 2023 , the Company acquired Urstadt Biddle Properties Inc. ("UBP") which was accounted for as an asset acquisitio n. Under the terms of the merger agreement, each share of Urstadt Biddle common stock and Urstadt Biddle Class A common stock was converted into 0.347 of a share of common stock of the Parent Company. Additionally, each share of UBP’s 6.25 % Series H Cumulative Redeemable Preferred Stock and 5.875 % Series K Cumulative Redeemable Preferred Stock was converted into one share of newly issued Parent Company 6.25 % Series A Cumulative Redeemable Preferred Stock ("Parent Company Series A preferred stock") and 5.875 % Series B Cumulative Redeemable Preferred Stock ("Parent Company Series B preferred stock"), respectively (collectively referred to as the "Preferred Stock"). As a result of the acquisition, the Company acquired 74 properties representing 5.3 million square feet of GLA, including 10 properties held through real estate partnerships. See the Company's audited Annual Report on Form 10-K for the year ended December 31, 2023 for further disclosure regarding the acquisition transaction. Risks and Uncertainties The success of the Company's tenants in operating their businesses and their corresponding ability to pay rent continue to be influenced by current economic challenges, which may impact their cost of doing business, including but not limited to the impact of inflation, the cost and availability of labor, increasing energy prices and interest rates, and access to credit. Additionally, geopolitical and macroeconomic challenges, including the war involving Russia and Ukraine, the current Middle East conflicts and wars, and economic conflicts with China, as well as the slowing of its economy, could impact aspects of the U.S. economy and, therefore, consumer spending. The policies implemented by the U.S. government to address these and related issues, including changes by the Board of Governors of the Federal Reserve System of its benchmark federal funds rate, increases or decreases in federal government spending, and economic sanctions and tariffs, 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 macroeconomic and geopolitical 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. See Item 1A of Part I of the Company's Annual Report on Form 10-K for a more detailed discussion of the Risk Factors potentially impacting the Company's business and results of operations. Investment Risk Concentrations As of September 30, 2024, no single tenant comprised 10% or more of our aggregate annualized base rent ("ABR") . As of September 30, 2024, the Company had three geographic concentrations that accounted for at least 10.0% of our aggregate ABR. Real estate properties located in California, Florida and the New York-Newark-Jersey City core-based statistical area accounted for 23.4 % , 20.4 % and 12.1 % of AB R respectively. As a result, this geographic concentration of our portfolio makes it potentially more susceptible to adverse weather or economic events that impact these locations. Consolidation In addition to properties that are wholly-owned, the Company consolidates properties where it owns less than 100% but holds a controlling financial interest in the entity. Controlling financial interest 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 Parent Company The Parent Company currently has a single class of common stock and two series of preferred stock outstanding. Ownership of the Operating Partnership The Operating Partnership's capital includes Common Units and Preferred Units. As of September 30, 2024, the Parent Company owned approximately 99.4 % of the outstanding Common Units, with the remaining Common Units held by third parties ("Exchangeable operating partnership units" or "EOP units"). The Parent Company currently owns all of the Preferred Units. Real Estate Partnerships As of September 30, 2024, Regency held partial ownership interests in 121 properties through real estate partnerships, of which 19 are consolidated. Regency's partners include institutional investors, real estate developers and/or operators, and passive investors (the "Partners" or "Limited Partners"). These partnerships have been established to own and operate real estate properties. The Company’s involvement with these entities is through its ownership and management of the properties. The entities were deemed VIEs primarily because the unrelated investors do not have substantive kick-out rights to remove the general or managing partner by a vote of a simple majority or less, and they do not have substantive participating rights. Regency has variable interests in these entities through its equity ownership, with Regency being the primary beneficiary in certain of these real estate partnerships. 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 have a controlling financial interest, but has significant influence, Regency recognizes its equity investments in them in accordance with the equity method of accounting. The assets of these partnerships are restricted to use by the respective partnerships and cannot be directly reached by general creditors of the Company. Similarly, the obligations of the partnerships are backed by, and can only be settled through the assets of these partnerships or by additional capital contributions by the partners. The carrying amounts of VIEs' assets and liabilities included in the Company's consolidated financial statements, exclusive of the Operating Partnership, are as follows: (in thousands) September 30, 2024 December 31, 2023 Assets Real estate assets, net $ 299,767 270,674 Cash, cash equivalents and restricted cash 16,734 8,201 Tenant and other receivables, net 5,786 3,883 Deferred costs, net 2,545 2,494 Acquired lease intangible assets, net 6,719 12,099 Right of use assets, net 18,273 44,377 Other assets 1,215 893 Total Assets $ 351,039 342,621 Liabilities Notes payable $ 32,851 33,211 Accounts payable and other liabilities 10,490 29,919 Acquired lease intangible liabilities, net 10,784 21,456 Tenants' security, escrow deposits and prepaid rent 1,176 1,239 Lease liabilities 19,324 21,433 Total Liabilities $ 74,625 107,258 Revenues, and Tenant 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 is primarily derived 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 September 30, Nine months ended September 30, (in thousands) Timing of satisfaction of performance obligations 2024 2023 2024 2023 Management, transaction, and other fees: Property management services Over time $ 3,909 3,591 $ 11,765 10,536 Asset management services Over time 1,693 1,623 4,915 4,900 Leasing services Point in time 946 889 2,537 2,703 Other fees Point in time 217 976 679 2,084 Total management, transaction, and other fees $ 6,765 7,079 $ 19,896 20,223 The accounts receivable for management, transactions, and other fees, which are included within Tenant and other receivables in the accompanying Consolidated Balance Sheets, are $ 18.8 million and $ 18.5 milli on, as of September 30, 2024 and December 31, 2023 , respectively. Recent Accounting Pronouncements The following table provides a brief description of recently adopted accounting pronouncements and impact on our financial statements: Standard Description Earlier of Effective Date or the Date of adoption Effect on the financial statements or other significant matters Recently adopted : ASU 2023-07 , Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures The amendments are aimed at enhancing the disclosures public entities provide regarding significant segment expenses so that investors can "better understand an entity’s overall performance" and assess "potential future cash flows." January 1, 2024 The standard became effective for the Company on January 1, 2024 and the required disclosures for the Company will begin with its Annual Report on Form 10-K for the fiscal year ending December 31, 2024. The adoption and implementation of this guidance is not expected to have a material impact on the Company’s consolidated financial statements. ASU 2023-09 , Income Taxes (Topic 740): Improvements to Income Tax Disclosures. ASU 2023-09 requires public business entities to disclose additional information in specified categories with respect to the reconciliation of the effective tax rate to the statutory rate for federal, state, and foreign income taxes. It also requires greater detail about individual reconciling items in the rate reconciliation to the extent the impact of those items exceeds a specified threshold. January 1, 2025 The Company will review the extent of new disclosures necessary prior to implementation. O t her than additional disclosure, the adoption of this ASU is not expected to have a material impact on the Company's consolidated financial statements.

Real Estate Investments

Real Estate Investments	9 Months Ended
	Sep. 30, 2024
Business Combinations [Abstract]
Real Estate Investments	2. Real Estate Investments The following tables detail the properties acquired for the periods set forth below: (in thousands) Nine months ended September 30, 2024 Date Purchased Property Name City/State Property Regency Ownership Purchase (1) Debt (1) Intangible (1) Intangible (1) Consolidated 2/23/2024 The Shops at Stone Bridge Cheshire, CT Development 100 % $ 8,000 — — — 5/3/2024 Compo Acres North shopping center Westport, CT Operating 100 % 45,500 — 5,360 2,175 7/16/2024 Jordan Ranch Market Houston, TX Development 50 % 15,784 — — — 8/21/2024 Oakley Shops at Laurel Fields Oakley, CA Development 100 % 2,120 — — — Total consolidated $ 71,404 — 5,360 2,175 Unconsolidated 8/30/2024 East Greenwich Square East Greenwich, RI Operating 70 % 46,650 — 5,127 1,877 Total unconsolidated $ 46,650 — 5,127 1,877 Total property acquisitions $ 118,054 — 10,487 4,052 (in thousands) Nine months ended September 30, 2023 Date Purchased Property Name City/State Property Regency Ownership Purchase (1) Debt (1) Intangible (1) Intangible (1) Consolidated 5/1/2023 Sienna Phase 1 Houston, TX Development 75 % $ 2,695 — — — 5/18/2023 SunVet Holbrook, NY Development 99 % 24,140 — — — Total consolidated $ 26,835 — — — Unconsolidated 9/19/2023 Old Town Square Chicago, IL Operating 20 % 27,510 — 3,625 503 Total unconsolidated $ 27,510 — 3,625 503 Total property acquisitions $ 54,345 — 3,625 503 (1) Amounts for purchase price and allocation are reflected at 100 %.

Property Dispositions

Property Dispositions	9 Months Ended
	Sep. 30, 2024
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 September 30, Nine months ended September 30, (in thousands, except number sold data) 2024 2023 2024 2023 Net proceeds from sale of real estate investments $ 11,409 6,593 $ 103,568 9,658 Gain on sale of real estate, net of tax 11,360 184 33,844 515 Number of operating properties sold 1 — 4 — Number of land parcels sold — 2 — 3 Percent interest sold 100 % 100 % 100 % 100 %

Other Assets

Other Assets	9 Months Ended
	Sep. 30, 2024
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) September 30, 2024 December 31, 2023 Goodwill $ 166,739 167,062 Investments 51,691 51,992 Prepaid and other 51,086 40,635 Derivative assets 9,511 14,213 Furniture, fixtures, and equipment, net ("FF&E") 7,888 6,662 Deferred financing costs, net (1) 10,263 2,865 Total other assets $ 297,178 283,429 (1) The Company incurred additional financing costs related to recasting its Line of Credit. See Note 5 — Notes Payable and Unsecured Credit Facilities for discussion regarding these transactions.

Notes Payable and Unsecured Cre

Notes Payable and Unsecured Credit Facilities	9 Months Ended
	Sep. 30, 2024
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) Maturing Weighted Weighted September 30, 2024 December 31, 2023 Notes payable: Fixed rate mortgage loans 6/1/2037 3.9 % 4.4 % $ 359,056 449,615 Variable rate mortgage loans (1) 1/31/2032 4.2 % 4.3 % 283,292 299,579 Fixed rate unsecured debt 3/15/2049 4.1 % 4.3 % 3,722,659 3,252,755 Total notes payable, net 4,365,007 4,001,949 Unsecured credit facilities: $ 1.5 Billion Line of Credit (the "Line") (2) 3/23/2028 5.8 % 6.1 % 30,000 152,000 Total unsecured credit facilities 30,000 152,000 Total debt outstanding $ 4,395,007 4,153,949 (1) As of September 30, 2024, 98.1 % of the variable rate mortgage loans are fixed through interest rate swaps. (2) The Company has the option to extend the maturity date by two additional six-month periods . Weighted average effective rate for the Line is calculated based on a fully drawn Line balance using the period end variable rate. Significant financing activity during 2024 includes: On January 8, 2024, the Company priced a public offering of $ 400 million of senior unsecured notes due in 2034, and the notes were issued on January 18, 2024 at 99.617 % of par value with a coupon of 5.250 %. On January 18, 2024, the Company entered into a Sixth Amended and Restated Credit Agreement (the "Credit Agreement"), with the financial institutions party thereto, as lenders, and Wells Fargo Bank, National Association, as Administrative Agent. The Credit Agreement provides for an unsecured revolving credit facility in the amount of $ 1.50 billion for a term of four years (plus two six-month extension options ) and includes an accordion feature which permits the borrower to request increases in the size of the revolving loan facility by up to an additional $ 1.50 billion. The interest rate on the revolving credit facility is equal to the Secured Overnight Financing Rate ("SOFR") plus a margin that is determined based on the borrower’s long-term unsecured debt ratings and ratio of indebtedness to total asset value. At the time of the closing, the effective interest rate was SOFR plus a credit spread adjustment of 10 basis points plus a margin of 72.5 basis points. The Credit Agreement also incorporates sustainability-linked adjustments to the interest rate, which provide for upward or downward adjustments to the applicable margin if the Company achieves, or fails to achieve, certain specified targets based on Scope 1 and Scope 2 emission standards as set forth in the Credit Agreement. At the time of the closing, a 1 basis point downward sustainability-linked adjustment to the interest rate was applicable. The Credit Agreement was further amended on July 8, 2024 to update the baseline metric used to calculate sustainability-linked performance targets. On June 17, 2024, the Company paid off $ 250 million of unsecured public debt that had matured, utilizing a portion of the proceeds from the January 2024 public debt offering, and the Company paid off a $ 78.3 million fixed rate mortgage loan. On August 12, 2024, the Company priced a public offering of $ 325 million of senior unsecured notes due in 2035, and the notes were issued on August 15, 2024 at 99.813 % of par value with a coupon of 5.1 %. Scheduled principal payments and maturities on notes payable and unsecured credit facilities were as follows: (in thousands) September 30, 2024 Scheduled Principal Payments and Maturities by Year: Scheduled Mortgage Unsecured (1) Total 2024 (2) $ 2,461 30,315 — 32,776 2025 9,678 52,537 250,000 312,215 2026 9,920 147,849 200,000 357,769 2027 7,013 222,558 525,000 754,571 2028 5,312 36,570 330,000 371,882 Beyond 5 Years 7,956 118,086 2,475,000 2,601,042 Unamortized debt premium/(discount) and issuance costs — ( 7,907 ) ( 27,341 ) ( 35,248 ) Total $ 42,340 600,008 3,752,659 4,395,007 (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 September 30, 2024 , with all debt covenants.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	6. Derivative Financial Instruments The Company may use derivative financial instruments, including interest 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. Detail on the Company's interest rate derivatives outstanding as of September 30, 2024 and December 31, 2023 is as follows: Number of Instruments Interest Rate Swaps September 30, 2024 December 31, 2023 Notional amount $ 308,488 294,928 Number of instruments 15 15 Detail on the fair value of the Company's interest rate derivatives as of September 30, 2024 and December 31, 2023 is as follows: (in thousands) Fair Value Interest rate swaps classified as: September 30, 2024 December 31, 2023 Derivative assets $ 9,511 14,213 Derivative liabilities ( 1,994 ) ( 1,335 ) 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 September 30, 2024, 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 September 30, Three months ended September 30, Three months ended September 30, (in thousands) 2024 2023 2024 2023 2024 2023 Interest rate swaps $ ( 9,305 ) 4,606 Interest income $ ( 2,306 ) ( 2,161 ) Interest expense, net $ 47,022 38,807 Nine months ended September 30, Nine months ended September 30, Nine months ended September 30, (in thousands) 2024 2023 2024 2023 2024 2023 Interest rate swaps $ 2,412 7,327 Interest income $ ( 7,113 ) ( 5,302 ) Interest expense, net $ 133,068 112,156 As of September 30, 2024, the Company expects approximately $ 1.4 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	9 Months Ended
	Sep. 30, 2024
Leases [Abstract]
Leases	7. Leases Substantially 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 (collectively, "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: • 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. • 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 September 30, Nine months ended September 30, 2024 2023 2024 2023 Operating lease income Fixed and in-substance fixed lease income $ 258,185 235,489 $ 771,800 675,320 Variable lease income 85,617 77,901 263,991 233,019 Other lease related income, net: Above/below market rent and tenant rent inducement amortization, net 5,726 8,118 18,990 22,734 Uncollectible straight-line rent (1) ( 129 ) 49 ( 1,340 ) 2,149 Uncollectible amounts billable in lease (loss) income ( 342 ) ( 636 ) ( 3,433 ) 958 Total lease income $ 349,057 320,921 $ 1,050,008 934,180 (1) The amounts include straight-line rent adjustments associated with converting between cash basis and accrual basis of accounting for certain leases. The following table represents the components of Tenant and other receivables, net of amounts considered uncollectible, in the accompanying Consolidated Balance Sheets: (in thousands) September 30, 2024 December 31, 2023 Tenant receivables $ 26,887 34,814 Straight-line rent receivables 152,319 138,590 Notes receivable 32,038 2,109 Other receivables (1) 28,870 30,649 Total tenant and other receivables $ 240,114 206,162 (1) Other receivables include construction receivables, insurance receivables, and amounts due from real estate partnerships for Management, transaction, and other fee income. During the nine months ended September 30, 2024 the Company issued a note receivable in the amount of $ 29.8 million at an interest rate of 6.9 % maturing in January 2027, secured by a grocery-anchored shopping center.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2024
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 those instruments listed below: September 30, 2024 December 31, 2023 (in thousands) Carrying Fair Value Carrying Fair Value Financial assets: Notes receivable $ 32,038 32,413 2,109 2,109 Financial liabilities: Notes payable, net $ 4,365,007 4,267,554 4,001,949 3,763,152 Unsecured credit facilities (1) $ 30,000 30,000 152,000 152,000 (1) The carrying amounts approximated its fair values due to the variable nature of the terms. 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 September 30, 2024, and December 31, 2023, 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) Recurring Fair Value 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 $ 1.4 million and unrealized losses of $ 1.0 million during the three months ended September 30, 2024 and 2023, respectively, and unrealized gains of $ 4.5 million and $ 2.4 million during the nine months ended September 30, 2024 and 2023, respectively. Available-for-Sale Debt Securities Available-for-sale debt securities consist of investments in 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 September 30, 2024 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 $ 37,913 37,913 — — Available-for-sale debt securities 13,778 — 13,778 — Interest rate derivatives 9,511 — 9,511 — Total $ 61,202 37,913 23,289 — Liabilities: Interest rate derivatives $ ( 1,994 ) — ( 1,994 ) — Fair Value Measurements as of December 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 $ 37,039 37,039 — — Available-for-sale debt securities 14,953 — 14,953 — Interest rate derivatives 14,213 — 14,213 — Total $ 66,205 37,039 29,166 — Liabilities: Interest rate derivatives $ ( 1,335 ) — ( 1,335 ) —

Equity and Capital

Equity and Capital	9 Months Ended
	Sep. 30, 2024
Equity And Capital [Abstract]
Equity and Capital	9. Equity and Capital Preferred Stock of the Parent Company Terms and conditions of the preferred stock outstanding are summarized as follows: Preferred Stock Outstanding as of September 30, 2024 and December 31, 2023 Date of Issuance Shares Issued and Outstanding Liquidation Preference Distribution Rate Callable By Company Series A 8/18/2023 4,600,000 $ 115,000,000 6.250 % On demand Series B 8/18/2023 4,400,000 110,000,000 5.875 % On or after 10/1/2024 9,000,000 $ 225,000,000 At the Market ("ATM") Program Under the Parent Company's ATM Program, as authorized by the Board, the Parent Company may sell up to $ 500 million of common stock at prices determined by the market at the time of sale. The timing of sales, if any, will be dependent on market conditions and other factors. No sales occurred under the ATM Program during both the nine months ended September 30, 2024 and 2023. As of September 30, 2024 , $ 500 million of common stock remained available for issuance under this ATM Program. Stock Repurchase Program On February 8, 2023, the Board authorized a common stock repurchase program under which the Company may purchase up to a maximum of $ 250 million of its outstanding common stock through open market transactions, and/or in privately negotiated transactions (referred to as the "Repurchase Program"). The timing and price of stock repurchases, if any, are dependent upon market conditions and other factors. The stock repurchased, if not retired, is be treated as treasury stock. The Board's authorization for the Repurchase Program was to expire on February 7, 2025 , unless modified, extended or earlier terminated by the Board in its discretion. During the nine months ended September 30, 2024, the Company executed multiple trades, repurchasing 3.3 million common shares under the Repurchase Program for a total of $ 200 million at a weighted average price of $ 60.48 per share. These shares were repurchased through open market transactions in accordance with applicable federal securities laws, including Rule 10b-18 of the Exchange Act of 1934 (the "Exchange Act"). All repurchased shares were retired on their respective settlement dates. During the nine months ended September 30, 2023 , the Company executed multiple trades, repurchasing 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. These shares were repurchased through open market transactions in accordance with applicable federal securities laws, including Rule 10b-18 of the Exchange Act. All repurchased shares were retired on their respective settlement dates. On July 31, 2024, the Board authorized a new common stock repurchase program under which the Company may purchase up to $ 250 million of shares of its outstanding common stock (the "New Repurchase Program"). The New Repurchase Program replaces and supercedes, in all respects, the Repurchase Program. Under the New Repurchase Program, the Company may repurchase shares through open market transactions in accordance with applicable federal securities laws, including Rule 10b-18 of the Exchange Act. The Board's authorization for the New Repurchase Program expires on June 30, 20 26 , unless modified, extended or earlier terminated by the Board in its discretion . Any common stock repurchased, if not retired, will be treated as treasury stock. At September 30, 2024, $ 250.0 million remained available under the New Repurchase Program. Preferred Units of the Operating Partnership The number of Series A Preferred Units and Series B Preferred Units, respectively, issued by the Operating Partnership is equal to the number of Series A Preferred Stock and Series B Preferred Stock, respectively, issued by the Parent Company. Common Units of the Operating Partnership Common Units are issued, or redeemed and retired, for each share of the Parent Company stock issued or redeemed, or retired, as described above. During the nine months ended September 30, 2024, 10,795 Partnership Units were converted to Parent Company common stock. During the nine months ended September 30, 2023 the Operating Partnership issued 338,704 exchangeable operating partnership units, valued at $ 20.0 million, as partial purchase price consideration for a development property. In addition, 3,340 unrelated Partnership Units were converted to Parent Company common stock during the same period in 2023.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	10. Stock-Based Compensation During the nine months ended September 30, 2024, the Company granted 350,391 shares of restricted stock with a weighted-average grant-date fair value of $ 60.35 per share. During the nine months ended September 30, 2023 , the Company granted 301,099 shares of restricted stock with a weighted-average grant-date fair value of $ 68.29 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	9 Months Ended
	Sep. 30, 2024
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 September 30, Nine months ended September 30, (in thousands, except per share data) 2024 2023 2024 2023 Numerator: Net income attributable to common shareholders - basic $ 98,056 89,076 $ 303,672 273,139 Net income attributable to common shareholders - diluted $ 98,056 89,076 $ 303,672 273,139 Denominator: Weighted average common shares outstanding for basic EPS 181,498 177,344 183,281 173,212 Weighted average common shares outstanding for diluted EPS (1) 181,772 178,231 183,448 173,711 Net income per common share – basic $ 0.54 0.50 $ 1.66 $ 1.58 Net income per common share – diluted $ 0.54 0.50 $ 1.66 $ 1.57 (1) Includes the dilutive impact of unvested restricted stock. The effect of the assumed conversion of the EOP units and certain other convertible units had an anti-dilutive effect upon the calculation of net income to the common shareholders per share. Accordingly, the impact of such assumed conversions has not been included in the determination of diluted net income per share calculations. Weighted average EOP units outstanding were 1,099,516 and 1,080,101 for the three months ended September 30, 2024 and 2023, and 1,100,039 and 909,527 for the nine months ended September 30, 2024 and 2023, respectively. Operating Partnership Earnings per Unit The following summarizes the calculation of basic and diluted earnings per uni t ("EPU"): Three months ended September 30, Nine months ended September 30, (in thousands, except per unit data) 2024 2023 2024 2023 Numerator: Net income attributable to common unit holders - basic $ 98,649 89,596 $ 305,508 274,629 Net income attributable to common unit holders - diluted $ 98,649 89,596 $ 305,508 274,629 Denominator: Weighted average common units outstanding for basic EPU 182,597 178,424 184,381 174,121 Weighted average common units outstanding for diluted EPU (1) 182,872 179,311 184,548 174,621 Net income per common unit – basic $ 0.54 0.50 $ 1.66 1.58 Net income per common unit – diluted $ 0.54 0.50 $ 1.66 1.57 (1) Includes the dilutive impact of unvested restricted stock. The effect of the assumed conversion of certain other convertible units had an anti-dilutive effect upon the calculation of net income to the common unit holders per share. Accordingly, the impact of such assumed conversions has not been included in the determination of diluted net income per unit calculations.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	12. Commitments and Contingencies Litigation The Company is a party to litigation and other disputes that arise in the ordinary course of business. While the outcome of any particular lawsuit or dispute cannot be predicted with certainty, in the opinion of management, the Company's currently pending litigation and disputes are not expected to have a material adverse effect on the Company's consolidated financial position, results of operations, or liquidity of the Company taken as a whole as of September 30, 2024. Environmental The Company is subject to numerous environmental laws and regulations. With respect to applicability to 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, 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 contamination; 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. The Company had accrued liabilities of $ 18.4 million and $ 16.5 million for environmental remediation, which are i ncluded in Accounts payable, and other liabilities on the Company’s Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023, respectively. 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. The Comp any had $ 10.9 million and $ 8.5 million in letters of credit outstanding as of September 30, 2024 and December 31, 2023 , respectively.

Organization and Significant _2

Organization and Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Acquisition of UBP	Acquisition of Urstadt Biddle Properties Inc. On August 18, 2023 , the Company acquired Urstadt Biddle Properties Inc. ("UBP") which was accounted for as an asset acquisitio n. Under the terms of the merger agreement, each share of Urstadt Biddle common stock and Urstadt Biddle Class A common stock was converted into 0.347 of a share of common stock of the Parent Company. Additionally, each share of UBP’s 6.25 % Series H Cumulative Redeemable Preferred Stock and 5.875 % Series K Cumulative Redeemable Preferred Stock was converted into one share of newly issued Parent Company 6.25 % Series A Cumulative Redeemable Preferred Stock ("Parent Company Series A preferred stock") and 5.875 % Series B Cumulative Redeemable Preferred Stock ("Parent Company Series B preferred stock"), respectively (collectively referred to as the "Preferred Stock"). As a result of the acquisition, the Company acquired 74 properties representing 5.3 million square feet of GLA, including 10 properties held through real estate partnerships. See the Company's audited Annual Report on Form 10-K for the year ended December 31, 2023 for further disclosure regarding the acquisition transaction.
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 influenced by current economic challenges, which may impact their cost of doing business, including but not limited to the impact of inflation, the cost and availability of labor, increasing energy prices and interest rates, and access to credit. Additionally, geopolitical and macroeconomic challenges, including the war involving Russia and Ukraine, the current Middle East conflicts and wars, and economic conflicts with China, as well as the slowing of its economy, could impact aspects of the U.S. economy and, therefore, consumer spending. The policies implemented by the U.S. government to address these and related issues, including changes by the Board of Governors of the Federal Reserve System of its benchmark federal funds rate, increases or decreases in federal government spending, and economic sanctions and tariffs, 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 macroeconomic and geopolitical 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. See Item 1A of Part I of the Company's Annual Report on Form 10-K for a more detailed discussion of the Risk Factors potentially impacting the Company's business and results of operations.
Investment Risk Concentrations	Investment Risk Concentrations As of September 30, 2024, no single tenant comprised 10% or more of our aggregate annualized base rent ("ABR") . As of September 30, 2024, the Company had three geographic concentrations that accounted for at least 10.0% of our aggregate ABR. Real estate properties located in California, Florida and the New York-Newark-Jersey City core-based statistical area accounted for 23.4 % , 20.4 % and 12.1 % of AB R respectively. As a result, this geographic concentration of our portfolio makes it potentially more susceptible to adverse weather or economic events that impact these locations.
Consolidation	Consolidation In addition to properties that are wholly-owned, the Company consolidates properties where it owns less than 100% but holds a controlling financial interest in the entity. Controlling financial interest 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 Parent Company The Parent Company currently has a single class of common stock and two series of preferred stock outstanding. Ownership of the Operating Partnership The Operating Partnership's capital includes Common Units and Preferred Units. As of September 30, 2024, the Parent Company owned approximately 99.4 % of the outstanding Common Units, with the remaining Common Units held by third parties ("Exchangeable operating partnership units" or "EOP units"). The Parent Company currently owns all of the Preferred Units.
Real Estate Partnerships	Real Estate Partnerships As of September 30, 2024, Regency held partial ownership interests in 121 properties through real estate partnerships, of which 19 are consolidated. Regency's partners include institutional investors, real estate developers and/or operators, and passive investors (the "Partners" or "Limited Partners"). These partnerships have been established to own and operate real estate properties. The Company’s involvement with these entities is through its ownership and management of the properties. The entities were deemed VIEs primarily because the unrelated investors do not have substantive kick-out rights to remove the general or managing partner by a vote of a simple majority or less, and they do not have substantive participating rights. Regency has variable interests in these entities through its equity ownership, with Regency being the primary beneficiary in certain of these real estate partnerships. 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 have a controlling financial interest, but has significant influence, Regency recognizes its equity investments in them in accordance with the equity method of accounting. The assets of these partnerships are restricted to use by the respective partnerships and cannot be directly reached by general creditors of the Company. Similarly, the obligations of the partnerships are backed by, and can only be settled through the assets of these partnerships or by additional capital contributions by the partners. The carrying amounts of VIEs' assets and liabilities included in the Company's consolidated financial statements, exclusive of the Operating Partnership, are as follows: (in thousands) September 30, 2024 December 31, 2023 Assets Real estate assets, net $ 299,767 270,674 Cash, cash equivalents and restricted cash 16,734 8,201 Tenant and other receivables, net 5,786 3,883 Deferred costs, net 2,545 2,494 Acquired lease intangible assets, net 6,719 12,099 Right of use assets, net 18,273 44,377 Other assets 1,215 893 Total Assets $ 351,039 342,621 Liabilities Notes payable $ 32,851 33,211 Accounts payable and other liabilities 10,490 29,919 Acquired lease intangible liabilities, net 10,784 21,456 Tenants' security, escrow deposits and prepaid rent 1,176 1,239 Lease liabilities 19,324 21,433 Total Liabilities $ 74,625 107,258
Revenues, and Tenant and Other Receivables	Revenues, and Tenant 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 is primarily derived 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 September 30, Nine months ended September 30, (in thousands) Timing of satisfaction of performance obligations 2024 2023 2024 2023 Management, transaction, and other fees: Property management services Over time $ 3,909 3,591 $ 11,765 10,536 Asset management services Over time 1,693 1,623 4,915 4,900 Leasing services Point in time 946 889 2,537 2,703 Other fees Point in time 217 976 679 2,084 Total management, transaction, and other fees $ 6,765 7,079 $ 19,896 20,223 The accounts receivable for management, transactions, and other fees, which are included within Tenant and other receivables in the accompanying Consolidated Balance Sheets, are $ 18.8 million and $ 18.5 milli on, as of September 30, 2024 and December 31, 2023 , 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 Earlier of Effective Date or the Date of adoption Effect on the financial statements or other significant matters Recently adopted : ASU 2023-07 , Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures The amendments are aimed at enhancing the disclosures public entities provide regarding significant segment expenses so that investors can "better understand an entity’s overall performance" and assess "potential future cash flows." January 1, 2024 The standard became effective for the Company on January 1, 2024 and the required disclosures for the Company will begin with its Annual Report on Form 10-K for the fiscal year ending December 31, 2024. The adoption and implementation of this guidance is not expected to have a material impact on the Company’s consolidated financial statements. ASU 2023-09 , Income Taxes (Topic 740): Improvements to Income Tax Disclosures. ASU 2023-09 requires public business entities to disclose additional information in specified categories with respect to the reconciliation of the effective tax rate to the statutory rate for federal, state, and foreign income taxes. It also requires greater detail about individual reconciling items in the rate reconciliation to the extent the impact of those items exceeds a specified threshold. January 1, 2025 The Company will review the extent of new disclosures necessary prior to implementation. O t her than additional disclosure, the adoption of this ASU is not expected to have a material impact on the Company's consolidated financial statements.

Organization and Significant _3

Organization and Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Schedule of Variable Interest Entities	The carrying amounts of VIEs' assets and liabilities included in the Company's consolidated financial statements, exclusive of the Operating Partnership, are as follows: (in thousands) September 30, 2024 December 31, 2023 Assets Real estate assets, net $ 299,767 270,674 Cash, cash equivalents and restricted cash 16,734 8,201 Tenant and other receivables, net 5,786 3,883 Deferred costs, net 2,545 2,494 Acquired lease intangible assets, net 6,719 12,099 Right of use assets, net 18,273 44,377 Other assets 1,215 893 Total Assets $ 351,039 342,621 Liabilities Notes payable $ 32,851 33,211 Accounts payable and other liabilities 10,490 29,919 Acquired lease intangible liabilities, net 10,784 21,456 Tenants' security, escrow deposits and prepaid rent 1,176 1,239 Lease liabilities 19,324 21,433 Total Liabilities $ 74,625 107,258
Revenues and Tenant and Other Receivables	The primary components of these revenue streams, the timing of satisfying the performance obligations, and amounts are as follows: Three months ended September 30, Nine months ended September 30, (in thousands) Timing of satisfaction of performance obligations 2024 2023 2024 2023 Management, transaction, and other fees: Property management services Over time $ 3,909 3,591 $ 11,765 10,536 Asset management services Over time 1,693 1,623 4,915 4,900 Leasing services Point in time 946 889 2,537 2,703 Other fees Point in time 217 976 679 2,084 Total management, transaction, and other fees $ 6,765 7,079 $ 19,896 20,223
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 Earlier of Effective Date or the Date of adoption Effect on the financial statements or other significant matters Recently adopted : ASU 2023-07 , Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures The amendments are aimed at enhancing the disclosures public entities provide regarding significant segment expenses so that investors can "better understand an entity’s overall performance" and assess "potential future cash flows." January 1, 2024 The standard became effective for the Company on January 1, 2024 and the required disclosures for the Company will begin with its Annual Report on Form 10-K for the fiscal year ending December 31, 2024. The adoption and implementation of this guidance is not expected to have a material impact on the Company’s consolidated financial statements. ASU 2023-09 , Income Taxes (Topic 740): Improvements to Income Tax Disclosures. ASU 2023-09 requires public business entities to disclose additional information in specified categories with respect to the reconciliation of the effective tax rate to the statutory rate for federal, state, and foreign income taxes. It also requires greater detail about individual reconciling items in the rate reconciliation to the extent the impact of those items exceeds a specified threshold. January 1, 2025 The Company will review the extent of new disclosures necessary prior to implementation. O t her than additional disclosure, the adoption of this ASU is not expected to have a material impact on the Company's consolidated financial statements.

Real Estate Investments (Tables

Real Estate Investments (Tables)	9 Months Ended
	Sep. 30, 2024
Real Estate [Line Items]
Schedule of Properties Acquired	The following tables detail the properties acquired for the periods set forth below: (in thousands) Nine months ended September 30, 2024 Date Purchased Property Name City/State Property Regency Ownership Purchase (1) Debt (1) Intangible (1) Intangible (1) Consolidated 2/23/2024 The Shops at Stone Bridge Cheshire, CT Development 100 % $ 8,000 — — — 5/3/2024 Compo Acres North shopping center Westport, CT Operating 100 % 45,500 — 5,360 2,175 7/16/2024 Jordan Ranch Market Houston, TX Development 50 % 15,784 — — — 8/21/2024 Oakley Shops at Laurel Fields Oakley, CA Development 100 % 2,120 — — — Total consolidated $ 71,404 — 5,360 2,175 Unconsolidated 8/30/2024 East Greenwich Square East Greenwich, RI Operating 70 % 46,650 — 5,127 1,877 Total unconsolidated $ 46,650 — 5,127 1,877 Total property acquisitions $ 118,054 — 10,487 4,052 (in thousands) Nine months ended September 30, 2023 Date Purchased Property Name City/State Property Regency Ownership Purchase (1) Debt (1) Intangible (1) Intangible (1) Consolidated 5/1/2023 Sienna Phase 1 Houston, TX Development 75 % $ 2,695 — — — 5/18/2023 SunVet Holbrook, NY Development 99 % 24,140 — — — Total consolidated $ 26,835 — — — Unconsolidated 9/19/2023 Old Town Square Chicago, IL Operating 20 % 27,510 — 3,625 503 Total unconsolidated $ 27,510 — 3,625 503 Total property acquisitions $ 54,345 — 3,625 503 (1) Amounts for purchase price and allocation are reflected at 100 %.

Property Dispositions (Tables)

Property Dispositions (Tables)	9 Months Ended
	Sep. 30, 2024
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 September 30, Nine months ended September 30, (in thousands, except number sold data) 2024 2023 2024 2023 Net proceeds from sale of real estate investments $ 11,409 6,593 $ 103,568 9,658 Gain on sale of real estate, net of tax 11,360 184 33,844 515 Number of operating properties sold 1 — 4 — Number of land parcels sold — 2 — 3 Percent interest sold 100 % 100 % 100 % 100 %

Other Assets (Tables)

Other Assets (Tables)	9 Months Ended
	Sep. 30, 2024
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) September 30, 2024 December 31, 2023 Goodwill $ 166,739 167,062 Investments 51,691 51,992 Prepaid and other 51,086 40,635 Derivative assets 9,511 14,213 Furniture, fixtures, and equipment, net ("FF&E") 7,888 6,662 Deferred financing costs, net (1) 10,263 2,865 Total other assets $ 297,178 283,429 (1) The Company incurred additional financing costs related to recasting its Line of Credit. See Note 5 — Notes Payable and Unsecured Credit Facilities for discussion regarding these transactions.

Notes Payable and Unsecured C_2

Notes Payable and Unsecured Credit Facilities (Tables)	9 Months Ended
	Sep. 30, 2024
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) Maturing Weighted Weighted September 30, 2024 December 31, 2023 Notes payable: Fixed rate mortgage loans 6/1/2037 3.9 % 4.4 % $ 359,056 449,615 Variable rate mortgage loans (1) 1/31/2032 4.2 % 4.3 % 283,292 299,579 Fixed rate unsecured debt 3/15/2049 4.1 % 4.3 % 3,722,659 3,252,755 Total notes payable, net 4,365,007 4,001,949 Unsecured credit facilities: $ 1.5 Billion Line of Credit (the "Line") (2) 3/23/2028 5.8 % 6.1 % 30,000 152,000 Total unsecured credit facilities 30,000 152,000 Total debt outstanding $ 4,395,007 4,153,949 (1) As of September 30, 2024, 98.1 % of the variable rate mortgage loans are fixed through interest rate swaps. (2) The Company has the option to extend the maturity date by two additional six-month periods . 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) September 30, 2024 Scheduled Principal Payments and Maturities by Year: Scheduled Mortgage Unsecured (1) Total 2024 (2) $ 2,461 30,315 — 32,776 2025 9,678 52,537 250,000 312,215 2026 9,920 147,849 200,000 357,769 2027 7,013 222,558 525,000 754,571 2028 5,312 36,570 330,000 371,882 Beyond 5 Years 7,956 118,086 2,475,000 2,601,042 Unamortized debt premium/(discount) and issuance costs — ( 7,907 ) ( 27,341 ) ( 35,248 ) Total $ 42,340 600,008 3,752,659 4,395,007 (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)	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Interest Rate Derivatives Outstanding	Detail on the Company's interest rate derivatives outstanding as of September 30, 2024 and December 31, 2023 is as follows: Number of Instruments Interest Rate Swaps September 30, 2024 December 31, 2023 Notional amount $ 308,488 294,928 Number of instruments 15 15
Schedule of Fair Value of Interest Rate Derivatives	Detail on the fair value of the Company's interest rate derivatives as of September 30, 2024 and December 31, 2023 is as follows: (in thousands) Fair Value Interest rate swaps classified as: September 30, 2024 December 31, 2023 Derivative assets $ 9,511 14,213 Derivative liabilities ( 1,994 ) ( 1,335 )
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 September 30, Three months ended September 30, Three months ended September 30, (in thousands) 2024 2023 2024 2023 2024 2023 Interest rate swaps $ ( 9,305 ) 4,606 Interest income $ ( 2,306 ) ( 2,161 ) Interest expense, net $ 47,022 38,807 Nine months ended September 30, Nine months ended September 30, Nine months ended September 30, (in thousands) 2024 2023 2024 2023 2024 2023 Interest rate swaps $ 2,412 7,327 Interest income $ ( 7,113 ) ( 5,302 ) Interest expense, net $ 133,068 112,156

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2024
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 September 30, Nine months ended September 30, 2024 2023 2024 2023 Operating lease income Fixed and in-substance fixed lease income $ 258,185 235,489 $ 771,800 675,320 Variable lease income 85,617 77,901 263,991 233,019 Other lease related income, net: Above/below market rent and tenant rent inducement amortization, net 5,726 8,118 18,990 22,734 Uncollectible straight-line rent (1) ( 129 ) 49 ( 1,340 ) 2,149 Uncollectible amounts billable in lease (loss) income ( 342 ) ( 636 ) ( 3,433 ) 958 Total lease income $ 349,057 320,921 $ 1,050,008 934,180 (1) The amounts include straight-line rent adjustments associated with converting between cash basis and accrual basis of accounting for certain leases.
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) September 30, 2024 December 31, 2023 Tenant receivables $ 26,887 34,814 Straight-line rent receivables 152,319 138,590 Notes receivable 32,038 2,109 Other receivables (1) 28,870 30,649 Total tenant and other receivables $ 240,114 206,162 (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)	9 Months Ended
	Sep. 30, 2024
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 those instruments listed below: September 30, 2024 December 31, 2023 (in thousands) Carrying Fair Value Carrying Fair Value Financial assets: Notes receivable $ 32,038 32,413 2,109 2,109 Financial liabilities: Notes payable, net $ 4,365,007 4,267,554 4,001,949 3,763,152 Unsecured credit facilities (1) $ 30,000 30,000 152,000 152,000 (1) The carrying amounts approximated its fair values due to the variable nature of the terms.
Summary of Assets and Liabilities Measured at Fair Value 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 September 30, 2024 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 $ 37,913 37,913 — — Available-for-sale debt securities 13,778 — 13,778 — Interest rate derivatives 9,511 — 9,511 — Total $ 61,202 37,913 23,289 — Liabilities: Interest rate derivatives $ ( 1,994 ) — ( 1,994 ) — Fair Value Measurements as of December 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 $ 37,039 37,039 — — Available-for-sale debt securities 14,953 — 14,953 — Interest rate derivatives 14,213 — 14,213 — Total $ 66,205 37,039 29,166 — Liabilities: Interest rate derivatives $ ( 1,335 ) — ( 1,335 ) —

Equity and Capital (Tables)

Equity and Capital (Tables)	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Summary of Terms and Conditions of Preferred Stock Outstanding	Terms and conditions of the preferred stock outstanding are summarized as follows: Preferred Stock Outstanding as of September 30, 2024 and December 31, 2023 Date of Issuance Shares Issued and Outstanding Liquidation Preference Distribution Rate Callable By Company Series A 8/18/2023 4,600,000 $ 115,000,000 6.250 % On demand Series B 8/18/2023 4,400,000 110,000,000 5.875 % On or after 10/1/2024 9,000,000 $ 225,000,000

Earnings per Share and Unit (Ta

Earnings per Share and Unit (Tables)	9 Months Ended
	Sep. 30, 2024
Schedule of earnings per share	The following summarizes the calculation of basic and diluted earnings per shar e: Three months ended September 30, Nine months ended September 30, (in thousands, except per share data) 2024 2023 2024 2023 Numerator: Net income attributable to common shareholders - basic $ 98,056 89,076 $ 303,672 273,139 Net income attributable to common shareholders - diluted $ 98,056 89,076 $ 303,672 273,139 Denominator: Weighted average common shares outstanding for basic EPS 181,498 177,344 183,281 173,212 Weighted average common shares outstanding for diluted EPS (1) 181,772 178,231 183,448 173,711 Net income per common share – basic $ 0.54 0.50 $ 1.66 $ 1.58 Net income per common share – diluted $ 0.54 0.50 $ 1.66 $ 1.57 (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 September 30, Nine months ended September 30, (in thousands, except per unit data) 2024 2023 2024 2023 Numerator: Net income attributable to common unit holders - basic $ 98,649 89,596 $ 305,508 274,629 Net income attributable to common unit holders - diluted $ 98,649 89,596 $ 305,508 274,629 Denominator: Weighted average common units outstanding for basic EPU 182,597 178,424 184,381 174,121 Weighted average common units outstanding for diluted EPU (1) 182,872 179,311 184,548 174,621 Net income per common unit – basic $ 0.54 0.50 $ 1.66 1.58 Net income per common unit – diluted $ 0.54 0.50 $ 1.66 1.57 (1) Includes the dilutive impact of unvested restricted stock.

Organization and Significant _4

Organization and Significant Accounting Policies - Additional Information (Details) $ in Thousands, ft² in Millions		9 Months Ended
	Aug. 18, 2023 ft² Property	Sep. 30, 2024 USD ($) RetailShoppingCenter	Dec. 31, 2023 USD ($)
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, net		$ 240,114	$ 206,162
Conversion of Stock, Description		On August 18, 2023, the Company acquired Urstadt Biddle Properties Inc. ("UBP") which was accounted for as an asset acquisition. Under the terms of the merger agreement, each share of Urstadt Biddle common stock and Urstadt Biddle Class A common stock was converted into 0.347 of a share of common stock of the Parent Company. Additionally, each share of UBP’s 6.25% Series H Cumulative Redeemable Preferred Stock and 5.875% Series K Cumulative Redeemable Preferred Stock was converted into one share of newly issued Parent Company 6.25% Series A Cumulative Redeemable Preferred Stock ("Parent Company Series A preferred stock") and 5.875% Series B Cumulative Redeemable Preferred Stock ("Parent Company Series B preferred stock"), respectively (collectively referred to as the "Preferred Stock").
Revenue Benchmark [Member] | Geographic Concentration Risk [Member] | California [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Concentration risk percentage		23.40%
Revenue Benchmark [Member] | Geographic Concentration Risk [Member] | Florida [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Concentration risk percentage		20.40%
Revenue Benchmark [Member] | Geographic Concentration Risk [Member] | New York-Newark-Jersey City [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Concentration risk percentage		12.10%
Merger One [Member] | 6.25% Series H Cumulative Redeemable Preferred Stock [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Debt instrument interest rate stated percentage	6.25%
Merger One [Member] | 5.875% Series K Cumulative Redeemable Preferred Stock [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Debt instrument interest rate stated percentage	5.875%
Merger One [Member] | Series A Cumulative Redeemable Preferred Stock [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Debt instrument interest rate stated percentage	6.25%
Merger One [Member] | Series B Cumulative Redeemable Preferred Stock [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Debt instrument interest rate stated percentage	5.875%
Merger One [Member] | Common Stock [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Stock conversion ratio	0.347
Merger Agreement [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Asset acquisition agreement date	Aug. 18, 2023
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, net		$ 18,800	$ 18,500
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		99.40%
Wholly Owned Properties [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of real estate properties	74	381
Gross lease area | ft²	5.3
Partially Owned Properties [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of real estate properties	10	121
Consolidated Properties [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of real estate properties | RetailShoppingCenter		19
Unconsolidated Properties [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of real estate properties | RetailShoppingCenter		102

Organization and Significant _5

Organization and Significant Accounting Policies - Schedule of Variable Interest Entities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Variable Interest Entity [Line Items]
Variable interest entity, consolidated, carrying amount, assets	$ 12,426,579	$ 12,426,913
Variable interest entity, consolidated, carrying amount, liabilities	5,482,382	5,234,978
Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Variable interest entity, consolidated, carrying amount, assets	351,039	342,621
Variable interest entity, consolidated, carrying amount, liabilities	74,625	107,258
Variable Interest Entity, Primary Beneficiary [Member] | Notes Payable [Member]
Variable Interest Entity [Line Items]
Variable interest entity, consolidated, carrying amount, liabilities	32,851	33,211
Variable Interest Entity, Primary Beneficiary [Member] | Accounts Payable and Other Liabilities [Member]
Variable Interest Entity [Line Items]
Variable interest entity, consolidated, carrying amount, liabilities	10,490	29,919
Variable Interest Entity, Primary Beneficiary [Member] | Acquired Lease Intangible Liabilities, Net [Member]
Variable Interest Entity [Line Items]
Variable interest entity, consolidated, carrying amount, liabilities	10,784	21,456
Variable Interest Entity, Primary Beneficiary [Member] | Tenants' Security, Escrow Deposits and Prepaid Rent [Member]
Variable Interest Entity [Line Items]
Variable interest entity, consolidated, carrying amount, liabilities	1,176	1,239
Variable Interest Entity, Primary Beneficiary [Member] | Lease Liabilities [Member]
Variable Interest Entity [Line Items]
Variable interest entity, consolidated, carrying amount, liabilities	19,324	21,433
Variable Interest Entity, Primary Beneficiary [Member] | Real Estate Assets, Net [Member]
Variable Interest Entity [Line Items]
Variable interest entity, consolidated, carrying amount, assets	299,767	270,674
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	16,734	8,201
Variable Interest Entity, Primary Beneficiary [Member] | Tenant and Other Receivables, Net [Member]
Variable Interest Entity [Line Items]
Variable interest entity, consolidated, carrying amount, assets	5,786	3,883
Variable Interest Entity, Primary Beneficiary [Member] | Deferred Costs, Net [Member]
Variable Interest Entity [Line Items]
Variable interest entity, consolidated, carrying amount, assets	2,545	2,494
Variable Interest Entity, Primary Beneficiary [Member] | Acquired Lease Intangible Assets, Net [Member]
Variable Interest Entity [Line Items]
Variable interest entity, consolidated, carrying amount, assets	6,719	12,099
Variable Interest Entity, Primary Beneficiary [Member] | Right of Use Assets, Net [Member]
Variable Interest Entity [Line Items]
Variable interest entity, consolidated, carrying amount, assets	18,273	44,377
Variable Interest Entity, Primary Beneficiary [Member] | Other Assets [Member]
Variable Interest Entity [Line Items]
Variable interest entity, consolidated, carrying amount, assets	$ 1,215	$ 893

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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Schedule of management, transaction, and other fees [Line Items]
Management, transaction, and other fees	$ 6,765	$ 7,079	$ 19,896	$ 20,223
Property management services [Member]
Schedule of management, transaction, and other fees [Line Items]
Management, transaction, and other fees	3,909	3,591	$ 11,765	10,536
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	1,693	1,623	$ 4,915	4,900
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	946	889	$ 2,537	2,703
Timing of satisfaction of performance obligations			Point in time
Other fees [Member]
Schedule of management, transaction, and other fees [Line Items]
Management, transaction, and other fees	$ 217	$ 976	$ 679	$ 2,084
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)	9 Months Ended
	Sep. 30, 2024
ASU 2023-07 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Change in accounting principle accounting standards update adopted	true
Change in accounting principle, accounting standards update, adoption date	Jan. 01, 2024
New Accounting Pronouncement or Change in Accounting Principle, Description	ASU 2023-07
ASU 2023-09 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Change in accounting principle accounting standards update adopted	true
Change in accounting principle, accounting standards update, adoption date	Jan. 01, 2025
New Accounting Pronouncement or Change in Accounting Principle, Description	ASU 2023-09

Real Estate Investments - Sched

Real Estate Investments - Schedule of Properties Acquired (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Business Acquisition [Line Items]
Purchase Price	$ 118,054	$ 54,345
Consolidated Properties [Member]
Business Acquisition [Line Items]
Purchase Price	71,404	26,835
Unconsolidated Properties [Member]
Business Acquisition [Line Items]
Purchase Price	46,650	27,510
Off-Market Favorable Lease [Member]
Business Acquisition [Line Items]
Intangible Assets/Liabilities	10,487	3,625
Off-Market Favorable Lease [Member] | Consolidated Properties [Member]
Business Acquisition [Line Items]
Intangible Assets/Liabilities	5,360
Off-Market Favorable Lease [Member] | Unconsolidated Properties [Member]
Business Acquisition [Line Items]
Intangible Assets/Liabilities	5,127	3,625
Off-Market Lease, Unfavorable [Member]
Business Acquisition [Line Items]
Intangible Assets/Liabilities	4,052	$ 503
Off-Market Lease, Unfavorable [Member] | Consolidated Properties [Member]
Business Acquisition [Line Items]
Intangible Assets/Liabilities	2,175
Off-Market Lease, Unfavorable [Member] | Unconsolidated Properties [Member]
Business Acquisition [Line Items]
Intangible Assets/Liabilities	$ 1,877
Sienna Phase 1 [Member] | Consolidated Properties [Member]
Business Acquisition [Line Items]
Date Purchased		May 01, 2023
Property Name		Sienna Phase 1
City/State		Houston, TX
Ownership		75%
Purchase Price		$ 2,695
SunVet [Member] | Consolidated Properties [Member]
Business Acquisition [Line Items]
Date Purchased		May 18, 2023
Property Name		SunVet
City/State		Holbrook, NY
Ownership		99%
Purchase Price		$ 24,140
Old Town Square [Member] | Unconsolidated Properties [Member]
Business Acquisition [Line Items]
Date Purchased		Sep. 19, 2023
Property Name		Old Town Square
City/State		Chicago, IL
Ownership		20%
Purchase Price		$ 27,510
Intangible Assets/Liabilities		503
Old Town Square [Member] | Off-Market Favorable Lease [Member] | Unconsolidated Properties [Member]
Business Acquisition [Line Items]
Intangible Assets/Liabilities		3,625
Old Town Square [Member] | Off-Market Lease, Unfavorable [Member] | Unconsolidated Properties [Member]
Business Acquisition [Line Items]
Intangible Assets/Liabilities		$ 503
The Shops at Stone Bridge [Member] | Consolidated Properties [Member]
Business Acquisition [Line Items]
Date Purchased	Feb. 23, 2024
Property Name	The Shops at Stone Bridge
City/State	Cheshire, CT
Ownership	100%
Purchase Price	$ 8,000
Compo Acres North Shopping Center [Member] | Consolidated Properties [Member]
Business Acquisition [Line Items]
Date Purchased	May 03, 2024
Property Name	Compo Acres North shopping center
City/State	Westport, CT
Ownership	100%
Purchase Price	$ 45,500
Compo Acres North Shopping Center [Member] | Off-Market Favorable Lease [Member] | Consolidated Properties [Member]
Business Acquisition [Line Items]
Intangible Assets/Liabilities	5,360
Compo Acres North Shopping Center [Member] | Off-Market Lease, Unfavorable [Member] | Consolidated Properties [Member]
Business Acquisition [Line Items]
Intangible Assets/Liabilities	$ 2,175
Jordan Ranch Market [Member] | Consolidated Properties [Member]
Business Acquisition [Line Items]
Date Purchased	Jul. 16, 2024
Property Name	Jordan Ranch Market
City/State	Houston, TX
Ownership	50%
Purchase Price	$ 15,784
Oakley Shops at Laurel Fields [Member] | Consolidated Properties [Member]
Business Acquisition [Line Items]
Date Purchased	Aug. 21, 2024
Property Name	Oakley Shops at Laurel Fields
City/State	Oakley, CA
Ownership	100%
Purchase Price	$ 2,120
East Greenwich Square [Member] | Unconsolidated Properties [Member]
Business Acquisition [Line Items]
Date Purchased	Aug. 30, 2024
Property Name	East Greenwich Square
City/State	East Greenwich, RI
Ownership	70%
Purchase Price	$ 46,650
East Greenwich Square [Member] | Off-Market Favorable Lease [Member] | Unconsolidated Properties [Member]
Business Acquisition [Line Items]
Intangible Assets/Liabilities	5,127
East Greenwich Square [Member] | Off-Market Lease, Unfavorable [Member] | Unconsolidated Properties [Member]
Business Acquisition [Line Items]
Intangible Assets/Liabilities	$ 1,877

Real Estate Investments - Sch_2

Real Estate Investments - Schedule of Properties Acquired (Parenthetical) (Details)	Sep. 30, 2024
Business Acquisition [Line Items]
Percentage of purchase price and allocation	100%

Property Dispositions - Schedul

Property Dispositions - Schedule of Properties Disposed of (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($) Property	Sep. 30, 2023 USD ($) Property	Sep. 30, 2024 USD ($) Property	Sep. 30, 2023 USD ($) Property
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net proceeds from sale of real estate investments | $	$ 11,409	$ 6,593	$ 103,568	$ 9,658
Gain on sale of real estate, net of tax | $	$ 11,360	$ 184	$ 33,844	$ 515
Wholly Owned Properties [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Percent interest sold	100%	100%	100%	100%
Operating Properties [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties sold | Property	1		4
Land [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties sold | Property		2		3

Other Assets - Schedule of Othe

Other Assets - Schedule of Other Assets (Details) - USD ($) $ in Thousands		Sep. 30, 2024	Dec. 31, 2023
Other Assets [Abstract]
Goodwill		$ 166,739	$ 167,062
Investments		51,691	51,992
Prepaid and other		51,086	40,635
Derivative assets		9,511	14,213
Furniture, fixtures, and equipment, net ("FF&E")		7,888	6,662
Deferred financing costs, net	[1]	10,263	2,865
Total other assets		$ 297,178	$ 283,429
[1] The Company incurred additional financing costs related to recasting its Line of Credit. See Note 5 — Notes Payable and Unsecured Credit Facilities for discussion regarding these transactions.

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		Sep. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Long-term Debt		$ 4,395,007	$ 4,153,949
Line of Credit	[1]	$ 30,000	152,000
Fixed Rate Mortgage Loans [Member]
Debt Instrument [Line Items]
Long-term Debt, Maturity Date		Jun. 01, 2037
Debt, Weighted Average Contractual Interest Rate		3.90%
Debt, Weighted Average Effective Interest Rate		4.40%
Long-term Debt		$ 359,056	449,615
Unsecured Debt [Member]
Debt Instrument [Line Items]
Long-term Debt, Maturity Date		Mar. 15, 2049
Debt, Weighted Average Contractual Interest Rate		4.10%
Debt, Weighted Average Effective Interest Rate		4.30%
Long-term Debt		$ 3,722,659	3,252,755
Notes Payable to Banks [Member]
Debt Instrument [Line Items]
Long-term Debt		$ 4,365,007	4,001,949
Line of Credit [Member]
Debt Instrument [Line Items]
Long-term Debt, Maturity Date	[2]	Mar. 23, 2028
Debt, Weighted Average Contractual Interest Rate	[2]	5.80%
Debt, Weighted Average Effective Interest Rate	[2]	6.10%
Long-term Debt	[2]	$ 30,000	152,000
SOFR [Member] | Variable Rate Mortgage Loans [Member]
Debt Instrument [Line Items]
Long-term Debt, Maturity Date	[3]	Jan. 31, 2032
Debt, Weighted Average Contractual Interest Rate	[3]	4.20%
Debt, Weighted Average Effective Interest Rate	[3]	4.30%
Long-term Debt	[3]	$ 283,292	$ 299,579
[1] The carrying amounts approximated its fair values due to the variable nature of the terms. The Company has the option to extend the maturity date by two additional six-month periods . Weighted average effective rate for the Line is calculated based on a fully drawn Line balance using the period end variable rate. As of September 30, 2024, 98.1 % of the variable rate mortgage loans are fixed through interest rate swaps.

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) $ in Billions	9 Months Ended
	Sep. 30, 2024 USD ($)
Debt Instrument [Line Items]
Percentage of variable rate mortgage loans fixed through interest rate swaps	98.10%
Line of credit maximum amount	$ 1.5
Line of credit extended maturity period	two additional six-month periods

Notes Payable and Unsecured C_5

Notes Payable and Unsecured Credit Facilities - Additional Information (Details) - USD ($)			9 Months Ended
	Jun. 17, 2024	Jan. 18, 2024	Sep. 30, 2024	Aug. 12, 2024	Jan. 08, 2024
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity			$ 1,500,000,000
Line of credit extended maturity period			two additional six-month periods
Unsecured Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 1,500,000,000
Debt instrument, term		4 years
Line of credit extended maturity period		two six-month extension options
Debt instrument sustainability adjustment		1%
Unsecured Revolving Credit Facility [Member] | SOFR [Member]
Debt Instrument [Line Items]
Variable rate adjustment		10%
Unsecured Revolving Credit Facility [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Variable rate adjustment		72.50%
Maximum [Member] | Unsecured Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 1,500,000,000
Fixed Rate Mortgage Loans [Member]
Debt Instrument [Line Items]
Mortgage loan paid off	$ 78,300,000
Unsecured Debt [Member]
Debt Instrument [Line Items]
Unsecured public debt paid off	$ 250,000,000
Unsecured Debt [Member] | Senior Unsecured Notes Due in 2034 [Member]
Debt Instrument [Line Items]
Debt instrument, issue price					$ 400,000,000
Percentage of debt par value					99.617%
Coupon rate					5.25%
Unsecured Debt [Member] | Senior Unsecured Notes Due in 2035 [Member]
Debt Instrument [Line Items]
Debt instrument, issue price				$ 325,000,000
Percentage of debt par value				99.813%
Coupon rate				5.10%

Notes Payable and Unsecured C_6

Notes Payable and Unsecured Credit Facilities - Schedule of Maturities of Long-term Debt (Details) - USD ($) $ in Thousands		Sep. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
2024	[1]	$ 32,776
2025		312,215
2026		357,769
2027		754,571
2028		371,882
Beyond 5 Years		2,601,042
Unamortized debt premium/(discount) and issuance costs		(35,248)
Total		4,395,007	$ 4,153,949
Unsecured Debt [Member]
Debt Instrument [Line Items]
Total		3,722,659	$ 3,252,755
Scheduled Principal Payments [Member] | Mortgages [Member]
Debt Instrument [Line Items]
2024	[1]	2,461
2025		9,678
2026		9,920
2027		7,013
2028		5,312
Beyond 5 Years		7,956
Total		42,340
Mortgage Loan Maturities [Member] | Mortgages [Member]
Debt Instrument [Line Items]
2024	[1]	30,315
2025		52,537
2026		147,849
2027		222,558
2028		36,570
Beyond 5 Years		118,086
Unamortized debt premium/(discount) and issuance costs		(7,907)
Total		600,008
Unsecured Maturities [Member] | Unsecured Debt [Member]
Debt Instrument [Line Items]
2024	[1]	0
2025	[2]	250,000
2026	[2]	200,000
2027	[2]	525,000
2028	[2]	330,000
Beyond 5 Years	[2]	2,475,000
Unamortized debt premium/(discount) and issuance costs	[2]	(27,341)
Total	[2]	$ 3,752,659
[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 - Schedule of Interest Rate Derivatives Outstanding (Details) - Interest Rate Swaps [Member] $ in Thousands	Sep. 30, 2024 USD ($) Instrument	Dec. 31, 2023 USD ($) Instrument
Derivative [Line Items]
Notional amount | $	$ 308,488	$ 294,928
Number of instruments | Instrument	15	15

Derivative Financial Instrume_4

Derivative Financial Instruments - Schedule of Fair Value of Interest Rate Derivatives (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Derivative [Line Items]
Derivative assets	$ 9,511	$ 14,213
Interest Rate Swaps [Member]
Derivative [Line Items]
Derivative assets	9,511	14,213
Derivative liabilities	$ (1,994)	$ (1,335)

Derivative Financial Instrume_5

Derivative Financial Instruments - Derivative Instruments, Gain (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Derivative [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	$ (9,305)	$ 4,606	$ 2,412	$ 7,327
Amount reclassified from accumulated other comprehensive loss	$ (2,306)	$ (2,161)	$ (7,113)	$ (5,302)
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest expense, net	Interest expense, net	Interest expense, net	Interest expense, net
Interest expense, net	$ 47,022	$ 38,807	$ 133,068	$ 112,156

Derivative Financial Instrume_6

Derivative Financial Instruments - Additional Information (Details) $ in Millions	9 Months Ended
	Sep. 30, 2024 USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	$ 1.4

Leases (Details)

Leases (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended		12 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Operating Leased Assets [Line Items]
Fixed and in-substance fixed lease income		$ 258,185	$ 235,489	$ 771,800	$ 675,320
Variable lease income		85,617	77,901	263,991	233,019
Uncollectible straight-line rent	[1]	(129)	49	(1,340)	2,149
Uncollectible amounts billable in lease (loss) income		(342)	(636)	(3,433)	958
Total lease income		349,057	320,921	1,050,008	934,180
Accounts and Notes Receivable, Net		240,114		240,114		$ 206,162
Straight-line rent receivables				152,319		138,590
Tenant Receivables [Member]
Operating Leased Assets [Line Items]
Accounts and Notes Receivable, Net		26,887		26,887		34,814
Notes Receivable [Member]
Operating Leased Assets [Line Items]
Accounts and Notes Receivable, Net		32,038		32,038		2,109
Other Receivable [Member]
Operating Leased Assets [Line Items]
Accounts and Notes Receivable, Net		28,870		28,870		$ 30,649
Lessor [Member]
Operating Leased Assets [Line Items]
Above/below market rent and tenant rent inducement amortization, net		$ 5,726	$ 8,118	$ 18,990	$ 22,734
[1] The amounts include straight-line rent adjustments associated with converting between cash basis and accrual basis of accounting for certain leases.

Leases - Additional Information

Leases - Additional Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Lessee, Lease, Description [Line Items]
Issuance of note receivable	$ 32,651	$ 4,000
Notes Receivable [Member]
Lessee, Lease, Description [Line Items]
Issuance of note receivable	$ 29,800
Interest rate	6.90%

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands		Sep. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes receivable		$ 32,038	$ 2,109
Notes payable, net		4,365,007	4,001,949
Unsecured credit facilities	[1]	30,000	152,000
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities		37,913	37,039
Available-for-sale debt securities		13,778	14,953
Interest rate derivatives		9,511	14,213
Total		61,202	66,205
Interest Rate Cash Flow Hedge Liability at Fair Value		(1,994)	(1,335)
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes receivable, fair value		32,413	2,109
Notes payable, net, Fair Value		4,267,554	3,763,152
Unsecured credit facilities, Fair Value	[1]	30,000	152,000
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		13,778	14,953
Interest rate derivatives		9,511	14,213
Total		23,289	29,166
Interest Rate Cash Flow Hedge Liability at Fair Value		(1,994)	(1,335)
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		37,913	37,039
Total		$ 37,913	$ 37,039
[1] The carrying amounts approximated its fair values due to the variable nature of the terms.

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Trading securities, change in unrealized holding gain (loss)	$ 1.4	$ (1)	$ 4.5	$ 2.4

Equity and Capital - Additional

Equity and Capital - Additional Information (Details) - USD ($)			3 Months Ended		9 Months Ended
	Jul. 31, 2024	Feb. 08, 2023	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Class of Stock [Line Items]
Common stock dividend declared, per share			$ 0.67	$ 0.65	$ 2.01	$ 1.95
Common stock issued during period				$ 818,544,000		$ 818,534,000
Stock repurchase program, authorized amount	$ 250,000,000	$ 250,000,000
Stock repurchase program expiration date	Jun. 30, 2026	Feb. 07, 2025
Stock repurchased and retired during period, value					$ 200,066,000	20,006,000
Stock repurchased remaining authorized value			$ 250,000,000		250,000,000
Issuance of exchangeable operating partnership units						20,000,000
At the Market ("ATM") Program [Member]
Class of Stock [Line Items]
Common stock issued during period					0	0
Common stock remaining available for issuance			500,000,000		500,000,000
Common Stock [Member]
Class of Stock [Line Items]
Common stock issued during period				$ 136,000		136,000
Stock repurchased and retired during period, value					$ 33,000	$ 3,000
Exchangeable operating partnership units.						338,704
Issuance of exchangeable operating partnership units						$ 20,000,000
Issuance of exchangeable operating partnership, units					10,795	3,340
AOCI Attributable to Parent [Member] | Common Stock [Member]
Class of Stock [Line Items]
Stock repurchased and retired during period, shares					3,300,000	349,519
Stock repurchased and retired during period, value					$ 200,000,000	$ 20,000,000
Shares repurchased weighted average price per share					$ 60.48	$ 57.22
Maximum [Member] | At the Market ("ATM") Program [Member]
Class of Stock [Line Items]
Equity issuances, common stock authorized for issuance			$ 500,000,000		$ 500,000,000

Equity and Capital - Summary of

Equity and Capital - Summary of Terms and Conditions of Preferred Stock Outstanding (Details) - UBP Acquisition [Member] - Preferred Stock [Member] - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Class of Stock [Line Items]
Shares Issued and Outstanding	9,000,000	9,000,000
Liquidation Preference	$ 225,000,000	$ 225,000,000
Series A [Member]
Class of Stock [Line Items]
Date of Issuance	Aug. 18, 2023	Aug. 18, 2023
Shares Issued and Outstanding	4,600,000	4,600,000
Liquidation Preference	$ 115,000,000	$ 115,000,000
Distribution Rate	6.25%	6.25%
Series B [Member]
Class of Stock [Line Items]
Date of Issuance	Aug. 18, 2023	Aug. 18, 2023
Shares Issued and Outstanding	4,400,000	4,400,000
Liquidation Preference	$ 110,000,000	$ 110,000,000
Distribution Rate	5.875%	5.875%
Callable By Company	Oct. 01, 2024	Oct. 01, 2024

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - Restricted Stock [Member] - $ / shares	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted	350,391	301,099
Weighted-average grant-date fair value (in dollars per share)	$ 60.35	$ 68.29

Earnings per Share and Unit (De

Earnings per Share and Unit (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Share Basic [Line Items]
Net income attributable to common shareholders - basic		$ 98,056	$ 89,076	$ 303,672	$ 273,139
Weighted Average Limited Partnership Units Outstanding, Basic		1,099,516	1,080,101	1,100,039	909,527
Continuing Operations [Member] | Parent Company [Member]
Earnings Per Share Basic [Line Items]
Net income attributable to common shareholders - basic		$ 98,056	$ 89,076	$ 303,672	$ 273,139
Net income attributable to common shareholders - diluted		$ 98,056	$ 89,076	$ 303,672	$ 273,139
Weighted average common shares/units outstanding for basic EPS/EPU		181,498,000	177,344,000	183,281,000	173,212,000
Weighted average common shares/units outstanding for diluted EPS/EPU	[1]	181,772,000	178,231,000	183,448,000	173,711,000
Net income per common share - basic		$ 0.54	$ 0.5	$ 1.66	$ 1.58
Net income per common share - diluted		$ 0.54	$ 0.5	$ 1.66	$ 1.57
Continuing Operations [Member] | Partnership Interest [Member]
Earnings Per Share Basic [Line Items]
Net income attributable to common shareholders - basic		$ 98,649	$ 89,596	$ 305,508	$ 274,629
Net income attributable to common shareholders - diluted		$ 98,649	$ 89,596	$ 305,508	$ 274,629
Weighted average common shares/units outstanding for basic EPS/EPU		182,597,000	178,424,000	184,381,000	174,121,000
Weighted average common shares/units outstanding for diluted EPS/EPU	[2]	182,872,000	179,311,000	184,548,000	174,621,000
Net income per common share - basic		$ 0.54	$ 0.5	$ 1.66	$ 1.58
Net income per common share - diluted		$ 0.54	$ 0.5	$ 1.66	$ 1.57
[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	Sep. 30, 2024	Dec. 31, 2023
Loss Contingencies [Line Items]
Accrued liabilities for environmental remediation	$ 18.4	$ 16.5
Environmental Loss Contingency, Statement of Financial Position [Extensible Enumeration]	Accounts Payable and Accrued Liabilities	Accounts Payable and Accrued Liabilities
Line of Credit Facility, Maximum Borrowing Capacity	$ 50
Letters of Credit Outstanding, Amount	$ 10.9	$ 8.5