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 - SUPPLEMENT INFORMATION - REGENCY CENTERS CORP | dex992.htm |
Exhibit 99.3
Capital Availability
Assumes no property sales, new investments or additional cash flow
(as of August 1, 2011)
| ($ thousands) | ||||||||||||
| 2011 | 2012 | 2013 | ||||||||||
| Capital Sources: |
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| Line commitments |
$ | 600,000 | $ | — | $ | — | ||||||
| Outstanding line balance - 8/1/11 |
(30,000 | ) | — | — | ||||||||
| Line maturity - 2/11/12 (1) |
— | — | — | |||||||||
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| Line Availability |
570,000 | 519,233 | 270,068 | |||||||||
| Cash balance - 8/1/11 (2) |
25,158 | — | — | |||||||||
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| Funding Availability before Capital Requirements |
595,158 | 519,233 | 270,068 | |||||||||
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| Capital Requirements: |
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| Financing requirements - maturing consolidated debt |
(20,000 | ) | (192,377 | ) | (16,342 | ) | ||||||
| Assumed equity requirement to refinance maturing JV mortgage debt |
— | (43,211 | ) | — | ||||||||
| Costs to complete in-process developments and redevelopments (3) |
(51,434 | ) | (9,086 | ) | — | |||||||
| Other required capital expenditures (4) |
(4,491 | ) | (4,491 | ) | (4,491 | ) | ||||||
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| Total Capital Requirements |
(75,925 | ) | (249,165 | ) | (20,833 | ) | ||||||
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| Total Capital Availability |
$ | 519,233 | $ | 270,068 | $ | 249,235 | ||||||
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| (1) | Assumes $600 million refinance of 2/11/12 line maturity |
| (2) | Including our pro rata share of co-investment partnerships |
| (3) | Net of tenant reimbursements, but exclusive of out parcel proceeds |
| (4) | $0.15 psf on portfolio GLA, including our pro rata share of co-investment partnerships |