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Nearly a year after the COVID-19 pandemic forced widespread business shutdowns, Regency Centers Corp. says 97% of the tenants in its shopping centers are open. However, the Jacksonville-based company is remaining cautious in its outlook in case a “reverse-course” scenario forces closures again in 2021. “Despite a rise in cases in most markets and increased restrictions in some, we have been encouraged by continued improvement in our operating results and this is driven by further meaningful progress on rent collections,” CEO Lisa Palmer said last week during Regency’s quarterly conference call with analysts. Regency reported fourth-quarter funds from operations of 76 cents a share, down from $1 the previous year. 

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