Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - REGENCY CENTERS CORP | d292303d8k.htm |
| EX-99.2 - EX-99.2 - REGENCY CENTERS CORP | d292303dex992.htm |
| EX-99.1 - EX-99.1 - REGENCY CENTERS CORP | d292303dex991.htm |
Exhibit 99.3
Capital Availability
Assumes no property sales, new investments or additional cash flow
(as of January 31, 2012)
| ($ thousands) | ||||||||||||
| 2012 | 2013 | 2014 | ||||||||||
| Capital Sources: |
||||||||||||
| Unsecured line of credit commitments |
$ | 600,000 | $ | — | $ | — | ||||||
| Term loan capacity |
250,000 | $ | — | $ | — | |||||||
| Outstanding line balance—1/31/12 |
(95,000 | ) | — | — | ||||||||
| Outstanding term loan balance—1/31/12 |
(150,000 | ) | — | — | ||||||||
|
|
|
|
|
|
|
|||||||
| Line and term loan availability |
605,000 | 512,266 | 459,692 | |||||||||
| Cash balance—1/31/12 (1) |
21,595 | — | — | |||||||||
|
|
|
|
|
|
|
|||||||
| Funding Availability before Capital Requirements |
626,595 | 512,266 | 459,692 | |||||||||
|
|
|
|
|
|
|
|||||||
| Capital Requirements: |
||||||||||||
| Financing requirements—maturing consolidated debt |
— | (16,330 | ) | (178,519 | ) | |||||||
| Assumed equity requirement to refinance maturing JV mortgage debt |
(44,585 | ) | — | — | ||||||||
| Costs to complete in-process developments and redevelopments (2) |
(65,276 | ) | (31,776 | ) | (3,086 | ) | ||||||
| Other required capital expenditures (3) |
(4,468 | ) | (4,468 | ) | (4,468 | ) | ||||||
|
|
|
|
|
|
|
|||||||
| Total Capital Requirements |
(114,329 | ) | (52,574 | ) | (186,073 | ) | ||||||
|
|
|
|
|
|
|
|||||||
| Total Capital Availability |
$ | 512,266 | $ | 459,692 | $ | 273,618 | ||||||
|
|
|
|
|
|
|
|||||||
| (1) | Including our pro rata share of co-investment partnerships |
| (2) | Net of tenant reimbursements, but exclusive of out parcel proceeds |
| (3) | $0.15 psf on portfolio GLA, including our pro rata share of co-investment partnerships |