Attached files
| file | filename |
|---|---|
| 8-K - 8-K - REGENCY CENTERS CORP | d249786d8k.htm |
| EX-99.2 - EX-99.2 - REGENCY CENTERS CORP | d249786dex992.htm |
| EX-99.1 - EX-99.1 - REGENCY CENTERS CORP | d249786dex991.htm |
Exhibit 99.3
Capital Availability
Assumes no property sales, new investments or additional cash flow
(as of November 2, 2011)
| ($ thousands) | ||||||||||||||||
| 2011 | 2012 | 2013 | 2014 | |||||||||||||
| Capital Sources: |
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| Line commitments (1) |
$ | 850,000 | $ | — | $ | — | $ | — | ||||||||
| Outstanding line balance - 11/2/11 |
(50,000 | ) | — | — | — | |||||||||||
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| Line Availability |
800,000 | 772,322 | 500,882 | 461,621 | ||||||||||||
| Cash balance - 11/2/11(2) |
17,730 | — | — | — | ||||||||||||
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| Funding Availability before Capital Requirements |
817,730 | 772,322 | 500,882 | 461,621 | ||||||||||||
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| Capital Requirements: |
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| Financing requirements - maturing consolidated debt |
(19,997 | ) | (192,367 | ) | (17,822 | ) | (173,520 | ) | ||||||||
| Assumed equity requirement to refinance maturing JV mortgage debt |
— | (42,410 | ) | — | — | |||||||||||
| Costs to complete in-process developments and redevelopments (3) |
(20,919 | ) | (32,172 | ) | (16,947 | ) | (20,952 | ) | ||||||||
| Other required capital expenditures (4) |
(4,491 | ) | (4,491 | ) | (4,491 | ) | (4,491 | ) | ||||||||
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| Total Capital Requirements |
(45,408 | ) | (271,440 | ) | (39,261 | ) | (198,963 | ) | ||||||||
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| Total Capital Availability |
$ | 772,322 | $ | 500,882 | $ | 461,621 | $ | 262,658 | ||||||||
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| (1) | Includes $250 million Term Loan expected to close in November 2011 |
| (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 |