Regency Affiliates Boosts Dividend Payments with Increased Returns
Exciting News from Regency Affiliates
Regency Affiliates, Inc. is thrilled to share its decision to pay a quarterly dividend, now set at 7.8 cents per common share. This increase demonstrates the company’s commitment to providing excellent returns to shareholders, reflecting a remarkable 4% rise over the previous dividend paid.
Management Insights on Dividend Growth
Laurence Levy, Chairman, CEO, and CFO of Regency, expressed significant satisfaction with this dividend growth. He stated, "We continue to be comfortable with this dividend level, especially as we benefit from the cash flows generated by our self-storage assets." Regency’s portfolio primarily consists of exceptional self-storage facilities.
Investment in Self-Storage Facilities
Regency has acquired a portfolio of five independent self-storage facilities strategically situated in the vicinity of a major city. The total investment for these properties reached $35 million, with $25.3 million financed through a non-recourse debt arrangement. This financing has a fixed interest rate of 5% and carries a thirty-year amortization schedule, maturing in a few years.
Strong Financial Foundations
The financial structure emphasizes not just sustainability but also a well-planned growth trajectory. Surplus cash flow after preferred distributions from this joint venture arrangement is confidently allocated to maximize shareholder returns. Regency retains an impressive surplus cash position exceeding $3.85 million, which is wisely invested in short-term treasury securities.
Future Prospects for Investment
Security West, another venture of Regency, marks a noteworthy part of their investment strategy. This venture embodies a 50% limited partnership interest in a real estate project that faced lease termination with a government agency. Despite the uncertainty this situation creates, Regency is optimistic about the future, with management exploring alternative uses for the facility.
Strategic Planning and Flexibility
The partnership maintains a strong cash position, providing significant financial flexibility. The management team is optimistic about the potential demand from private sector tenants who may be interested in the real estate. These evaluations underscore Regency's commitment to adapting and thriving amid changes.
Ongoing Evaluations and Growth Strategies
Regency Affiliates remains focused on expanding its investment portfolio. Continuous evaluations are underway to identify further investment opportunities that align with their core business values and growth aspirations. This intention to acquire attractive long-term prospects is indicative of their proactive approach to growth.
Contact and Shareholder Assistance
To ensure efficient handling of dividend distributions, Regency urges all shareholders holding certificates to contact their transfer agent. This step is essential for verifying accurate registration information, ensuring that shareholders receive their dividends without any issues.
About Regency Affiliates
Regency Affiliates, Inc. is dedicated to investing in businesses that generate predictable and sustainable returns. The company actively manages two core assets: their extensive portfolio of self-storage facilities and a significant partnership in notable real estate projects. Their strategic vision aims for long-term stability and profitability.
Frequently Asked Questions
What is the new quarterly dividend declared by Regency Affiliates?
Regency Affiliates declared a quarterly dividend of 7.8 cents per common share, marking a 4% increase from the previous dividend.
How has Regency's financial strategy contributed to its dividend growth?
The growth in dividends is primarily supported by cash flows generated from their self-storage investments and strategic financial management.
What are the key assets Regency Affiliates is currently managing?
Regency manages a portfolio of self-storage facilities and holds a partnership interest in a key real estate project.
How does Regency Affiliates plan to grow its investments?
Regency plans to review and evaluate further investment opportunities to expand its portfolio in attractive long-term businesses.
How can shareholders ensure their dividend payments are processed correctly?
Shareholders are encouraged to contact Transfer Online, Inc. to verify their registration information for efficient dividend processing.
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