Attached files
| file | filename |
|---|---|
| 8-K - 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 or additional cash flow
(as of May 3, 2011)
| ($ thousands) | ||||||||||||
| 2011 | 2012 | 2013 | ||||||||||
| Capital Sources: |
||||||||||||
| Line commitments |
$ | 600,000 | $ | — | $ | — | ||||||
| Outstanding line balance - 5/3/11 |
— | — | — | |||||||||
| Line maturity - 2/11/12 (1) |
— | — | — | |||||||||
| Line Availability |
600,000 | 554,147 | 339,939 | |||||||||
| Cash balance - 5/3/11 (2) |
44,435 | — | — | |||||||||
| — | — | — | ||||||||||
| Funding Availability before Capital Requirements |
||||||||||||
| 644,435 | 554,147 | 339,939 | ||||||||||
| Capital Requirements: |
||||||||||||
| Financing requirements - maturing consolidated debt |
(20,593 | ) | (192,377 | ) | (16,341 | ) | ||||||
| Assumed equity requirement to refinance maturing JV mortgage debt |
(15,316 | ) | (5,392 | ) | — | |||||||
| Costs to complete in-process developments and redevelopments (3) |
(54,379 | ) | (16,438 | ) | (8,525 | ) | ||||||
| Total Capital Requirements |
(90,288 | ) | (214,207 | ) | (24,866 | ) | ||||||
| Total Capital Availability |
$ | 554,147 | $ | 339,939 | $ | 315,073 | ||||||
| (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 |