Regency Centers Closes Urstadt Biddle Properties Buyout, Combined Enterprise Value At $16B
Portfolio Pulse from Lekha Gupta
Regency Centers Corp (NASDAQ:REG) has completed the acquisition of Urstadt Biddle Properties Inc. The combined company will have a pro forma equity market capitalization of about $11 billion and a total enterprise value of around $16 billion. The combined portfolio will comprise 480 total properties, containing over 56 million square feet of gross leasable area. Regency expects the acquisition to be immediately accretive to core operating earnings.
August 18, 2023 | 2:17 pm
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Regency Centers Corp has completed its acquisition of Urstadt Biddle Properties, which is expected to be immediately accretive to core operating earnings. The combined company will have a total enterprise value of around $16 billion.
The completion of the acquisition is a significant event for Regency Centers Corp. The combined company's increased market capitalization and enterprise value, along with the expected immediate accretion to core operating earnings, are positive indicators for the company's financial performance. This could lead to increased investor confidence and a potential rise in the company's stock price.
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