Regency Centers (REG) Q2 2022 Earnings Call Transcript

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Greetings, and welcome to Regency Centers Corporation Second Quarter 2022 Earnings Conference Call. At this time all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] And please note that this conference is being recorded.

I would now like to turn the conference over to Christy McElroy, Senior Vice President, Capital Markets. Thank you. You may begin.

Christy McElroy

Good morning, and welcome to Regency Centers' second quarter 2022 earnings conference call. Joining me today are Lisa Palmer, President and Chief Executive Officer; Mike Mas, Chief Financial Officer; Jim Thompson, Chief Operating Officer; Chris Leavitt, SVP and Treasurer; Alan Roth, Senior Managing Director of the East Region; and Nick Wibbenmeyer, Senior Managing Director of the West Region.

As a reminder, today's discussion may contain forward-looking statements about the company's views of future business and financial performance, including forward earnings guidance and future market conditions. These are based on management's current beliefs and expectations and are subject to various risks and uncertainties. It's possible that actual results may differ materially from those suggested by the forward-looking statements we may make. Factors and risks that could cause actual results to differ materially from these statements may be included in our presentation today and are described in more detail in our filings with the SEC, specifically in our most recent Form 10-K and 10-Q filings.

In our discussion today, we will also reference certain non-GAAP financial measures. The comparable GAAP financial measures are included in this quarter's earnings materials, which are posted on our Investor Relations website. Please note that we have also posted a presentation on our website with additional information, including disclosures related to forward earnings guidance. Our caution on forward-looking statements also applied to these presentation materials.

Lisa?

Lisa Palmer

Thank you. Christy. Good morning everyone and thank you for joining us today.

We are pleased to report strong second quarter results, reflecting a still healthy operating environment. Leasing demand continues to be strong and tenant move-outs remain light driving occupancy and rent growth higher We acknowledge the increasing macroeconomic headwinds and in our view that makes our results all the more notable.

We know that we're not immune to the adverse impacts of inflation, interest rate increases and recessionary risks, all of which could have implications for us. But we very much believe that we are extremely well positioned to weather any economic storm. For the remainder of this year as a result of that we are very confident in our forecast as reflected in our guidance increase and looking beyond 2022 Regency's portfolio and balance sheet were built for times of greater uncertainty.