Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - REGENCY CENTERS CORP | d8k.htm |
| EX-99.1 - EARNINGS RELEASE - REGENCY CENTERS CORP | dex991.htm |
| EX-99.2 - SUPPLEMENTAL INFORMATION - REGENCY CENTERS CORP | dex992.htm |
Exhibit 99.3
Capital Availability
Assumes no property sales, no additional cash flow, no additional consolidated refinancings
(as of April 29, 2010)
| ($ thousands) | ||||||||||||
| 2010 | 2011 | 2012 | ||||||||||
| Capital Sources: |
||||||||||||
| Line commitments combined |
$ | 713,833 | $ | — | $ | — | ||||||
| Outstanding line balance – 4/29/10 |
— | — | — | |||||||||
| Line maturity – 2/11/11 & 2/11/12 (1) |
— | (113,833 | ) | — | ||||||||
| Line Availability |
713,833 | 583,035 | 296,349 | |||||||||
| Cash balance – 4/29/10 |
120,400 | — | — | |||||||||
| Forward equity offering (net of costs) |
235,000 | — | — | |||||||||
| Funding Availability before Capital Requirements |
1,069,233 | 583,035 | 296,349 | |||||||||
| Capital Requirements: |
||||||||||||
| Financing requirements – maturing consolidated debt |
(168,984 | ) | (207,089 | ) | (250,000 | ) | ||||||
| Assumed equity requirement to refinance maturing JV mortgage debt |
(140,007 | ) | (54,286 | ) | (6,149 | ) | ||||||
| Costs to complete in-process developments (2) |
(52,374 | ) | (7,311 | ) | (5,322 | ) | ||||||
| Derivative settlement |
(11,000 | ) | (18,000 | ) | — | |||||||
| Total Capital Requirements |
(372,365 | ) | (286,686 | ) | (261,472 | ) | ||||||
| Total Capital Availability |
$ | 696,868 | $ | 296,349 | $ | 34,877 | ||||||
| (1) | Assumes $600 million refinance of 2/11/12 line expiration |
| (2) | Net of tenant reimbursements, but exclusive of out parcel proceeds |