Retail Development Driving Earnings Growth, Regency Centers CEO Says

Hap Stein, chairman and CEO joined attended REITWorld 2014: NAREIT’s Annual Convention in Atlanta, GA where he joined Matt Bechard for a REIT.com CEO Spotlight. To view the interview, please click here.

“Development is a core capability that Regency has to build great shopping centers at compelling spreads to where you buy those shopping centers,” Stein said. That helps drive earnings growth and the intrinsic value of Regency’s portfolio, according to Stein. He said the company is aiming to commit upwards of $200 million or more per year to development, including redevelopment projects.

In terms of areas of focus, Stein said Regency Centers will continue to concentrate on growing net operating income, developing assets, maintaining a “rock-solid” balance sheet and keeping the company’s staff members “fully engaged and motivated.”