Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - REGENCY CENTERS CORP | d8k.htm |
| EX-99.2 - SUPPLEMENTAL INFORMATION - REGENCY CENTERS CORP | dex992.htm |
| EX-99.1 - EARNINGS RELEASE - REGENCY CENTERS CORP | dex991.htm |
Exhibit 99.3
Capital Availability
Assumes no property sales, no additional cash flow, no additional consolidated refinancings
(as of January 31, 2011)
| ($ thousands) | ||||||||||||
| 2011 | 2012 | 2013 | ||||||||||
| Capital Sources: |
||||||||||||
| Line commitments combined |
$ | 713,833 | $ | — | $ | — | ||||||
| Outstanding line balance - 1/31/11 |
(170,000 | ) | — | — | ||||||||
| Line maturity - 2/11/11 & 2/11/12 (1)(2) |
(113,833 | ) | — | |||||||||
| Line Availability |
430,000 | 419,297 | 210,691 | |||||||||
| Cash balance - 1/31/11 (3) |
44,700 | — | — | |||||||||
| Forward equity offering (net of costs) |
218,000 | — | — | |||||||||
| Funding Availability before Capital Requirements |
692,700 | 419,297 | 210,691 | |||||||||
| Capital Requirements: |
||||||||||||
| Financing requirements - maturing consolidated debt |
(189,322 | ) | (192,377 | ) | (16,341 | ) | ||||||
| Assumed equity requirement to refinance maturing JV mortgage debt |
(44,887 | ) | (5,392 | ) | — | |||||||
| Costs to complete in-process developments (4) |
(39,194 | ) | (10,837 | ) | (2,753 | ) | ||||||
| Total Capital Requirements |
(273,403 | ) | (208,606 | ) | (19,094 | ) | ||||||
| Total Capital Availability |
$ | 419,297 | $ | 210,691 | $ | 191,597 | ||||||
| (1) | $113.8 million matures on 2/11/11, with no extension option |
| (2) | Assumes $600 million refinance of 2/11/12 line maturity |
| (3) | Including our pro rata share of co-investment partnerships |
| (4) | Net of tenant reimbursements, but exclusive of out parcel proceeds |