Regency Centers Corporation (NASDAQ:REG) Q4 2022 Earnings Call Transcript

Ronald Kamdem : Great. And then if I could just sneak in a quick one because I haven’t heard it. Just any updated thoughts on this, the Kroger Albertsons, how you guys are thinking about the deal and as it relates to Regency?

Lisa Palmer : Yeah. I mean not much has changed. I know that there was a report this morning where they — I think they publicly stated that they were looking to sell 250 to 300 stores but that’s actually not any different. It’s just more narrow than what they had said when they first announced the transaction. So we’re just going to — we are in a wait and see what happens. We’ve got great relationships with both of them. They’re not allowed to give us any nonpublic material information, though, so we know what you know. But what we do know is we feel really good about the quality of our real estate and our grocery stores that have Kroger and Albertsons, they’re both leading grocers and we believe the combination of the two would be good.

We think that, that would provide them more scale, more ability to invest in both their physical bricks-and-mortar as well as in technology. And if for some reason, it gets blocked, we still feel really good about our real estate, and we have 2 of the leading grocers anchoring our centers.

Ronald Kamdem : Great. Appreciate the disclosures. Thanks.

Operator: Thank you. There are no further questions at this time. I’d like to turn the floor back over to Lisa Palmer for any closing comments.

Lisa Palmer: Just want to thank you all for being with us this morning, and I also want to once again thank the Regency team for a really good 2022. And we look forward to further conversations and great results this year. Thank you all.

Operator: This concludes today’s conference. You may disconnect your lines at this time. Thank you for your participation.