1315_Nareit Testimonial Reitweek Palmer 20240627 v2

Lisa Palmer, president and CEO of Regency Centers Corporation (Nasdaq: REG), sat down for a video interview at Nareit’s REITweek: 2024 Investor Conference, held in New York from June 3-6. She addressed critical issues impacting the shopping center sector over the next six to 12 months.

Palmer highlighted the challenges posed by the macroeconomic environment, particularly inflation and higher interest rates, which have made consumers more price-sensitive. She said retailers are finding it difficult to pass on cost increases, creating a cautious market atmosphere.

“The overall macroeconomic environment with inflation is one that we're monitoring really closely,” Palmer said.

Despite these challenges, Palmer emphasized Regency's strengths, such as its grocery-anchored shopping centers in demographically favorable areas: “Our merchandising mix is necessity, convenience, and value,” which helps mitigate some economic pressures.

Palmer said that Regency’s robust portfolio, successful development program, experienced team, and strong balance sheet, recently upgraded by Moody's, differentiate it from competitors. She also highlighted the REIT’s commitment to its development pipeline and leasing strategies, aiming to maintain momentum with new projects and optimizing rental income from executed leases.