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REG logoRegency Centers Corporation(REG)Earnings, Financials & Key Ratios

REG•NASDAQ•REIT / Real Estate
$78.89
$14.44B mkt cap·28.0× P/E·Price updated May 6, 2026
SectorReal EstateIndustryRetail REITsSub-IndustryOpen-Air Shopping Centers
AboutRegency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers. Operating as a fully integrated real estate company, Regency Centers is a qualified real estate investment trust (REIT) that is self-administered, self-managed, and an S&P 500 Index member.Show more
  • Revenue$1.55B+3.4%
  • FFO$933M+20.7%
  • FFO/Share5.12+21.3%
  • FFO Payout54.86%-13.6%
  • FFO per Share5.12+21.3%
  • NOI Margin44.66%-37.3%
  • FFO Margin60%+16.8%
  • ROE7.49%+31.8%
  • ROA4.15%+28.8%
  • Debt/Assets45.66%+12.8%
  • Net Debt/EBITDA5.93+60.3%
  • Book Value/Share39.41+4.5%
Analysis→Technical→

REG Key Insights

Regency Centers Corporation (REG) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong 5Y profit CAGR of 63.7%
  • ✓FFO growing 32.5% TTM
  • ✓Sustainable FFO payout ratio of 54.9%
  • ✓Healthy dividend yield of 3.6%
  • ✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

REG Price & Volume

Regency Centers Corporation (REG) stock price & volume — 10-year historical chart

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REG Growth Metrics

Regency Centers Corporation (REG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years10.15%
5 Years8.2%
3 Years6.93%
TTM12.01%

Profit CAGR

10 Years13.39%
5 Years63.69%
3 Years2.99%
TTM57.27%

EPS CAGR

10 Years7.57%
5 Years61.09%
3 Years0.12%
TTM59.43%

Return on Capital

10 Years6.19%
5 Years7.25%
3 Years6.87%
Last Year4.69%

REG Recent Earnings

Regency Centers Corporation (REG) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
Apr 29, 2026
EPS
$0.68
Est $0.62
+9.3%
Revenue
$419M
Est $411M
+2.0%
Q1 2026
Feb 5, 2026
EPS
$1.17
Est $0.62
+89.3%
Revenue
$455M
Est $403M
+13.0%
Q4 2025
Oct 28, 2025
EPS
$1.15
Est $1.15
+0.0%
Revenue
$387M
Est $389M
-0.4%
Q3 2025
Jul 29, 2025
EPS
$1.16
Est $1.12
+3.6%
Revenue
$395M
Est $369M
+6.9%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 29, 2026
$0.68vs $0.62+9.3%
$419Mvs $411M+2.0%
Q1 2026Feb 5, 2026
$1.17vs $0.62+89.3%
$455Mvs $403M+13.0%
Q4 2025Oct 28, 2025
$1.15vs $1.15+0.0%
$387Mvs $389M-0.4%
Q3 2025Jul 29, 2025
$1.16vs $1.12+3.6%
$395Mvs $369M+6.9%
Based on last 12 quarters of dataView full earnings history →

REG Peer Comparison

Regency Centers Corporation (REG) competitors in Open-Air Shopping Centers — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
KIM logoKIMKimco Realty CorporationDirect Competitor15.88B23.5428.365.06%28.51%5.81%4.87%0.82
FRT logoFRTFederal Realty Investment TrustDirect Competitor9.96B115.2924.076.35%32.13%11.82%3.32%1.44
SITC logoSITCSITE Centers Corp.Direct Competitor294.31M5.611.65-62.67%72.14%12.2%6.66%
BRX logoBRXBrixmor Property Group Inc.Direct Competitor9.24B30.1224.106.73%31.99%14.85%7.05%1.95
AKR logoAKRAcadia Realty TrustDirect Competitor2.88B21.99231.4714.2%37.72%5.8%5.79%0.73
SPG logoSPGSimon Property Group, Inc.Product Competitor65.79B202.3114.316.72%72.51%68.82%4.47
MAC logoMACThe Macerich CompanyProduct Competitor5.51B21.49-27.5510.43%-19.44%
CBL logoCBLCBL & Associates Properties, Inc.Product Competitor1.35B43.7810.0912.18%23.51%42.94%5.3%5.95

Compare REG vs Peers

Regency Centers Corporation (REG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs KIM

Most directly comparable listed peer for REG.

Scale Benchmark

vs WMT

Larger-name benchmark to compare REG against a more recognizable public peer.

Peer Set

Compare Top 5

vs KIM, FRT, SITC, BRX

REG Income Statement

Regency Centers Corporation (REG) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Revenue1.02B1.16B1.16B1.05B1.2B1.27B1.37B1.5B1.55B
Revenue Growth %58.09%13.64%0.37%-10.02%14.88%5.58%7.77%9.74%3.39%
Property Operating Expenses253.71M305.89M306.14M313.08M326.68M345.94M394.77M433.05M860.07M
Net Operating Income (NOI)
767.36M▲ 0%
854.45M▲ 11.3%
858.53M▲ 0.5%
734.85M▼ 14.4%
877.18M▲ 19.4%
925.15M▲ 5.5%
975.08M▲ 5.4%
1.07B▲ 9.8%
694.11M▼ 35.1%
NOI Margin %75.15%73.64%73.71%70.12%72.86%72.78%71.18%71.19%44.66%
Operating Expenses641.46M65.49M74.98M75M78.22M79.9M97.81M101.47M118.54M
G&A Expenses67.62M65.49M74.98M75M78.22M79.9M97.81M101.47M118.54M
EBITDA436.96M1.12B1.11B965.21M1.08B1.14B1.2B1.34B980.61M
EBITDA Margin %42.79%96.12%95.65%92.11%89.66%90%87.63%89.19%63.1%
Depreciation & Amortization311.06M326.36M330.42M305.36M280.39M298.7M323.15M372.01M405.04M
D&A / Revenue %30.46%28.13%28.37%29.14%23.29%23.5%23.59%24.75%26.06%
Operating Income
125.9M▲ 0%
788.96M▲ 526.6%
783.54M▼ 0.7%
659.85M▼ 15.8%
798.97M▲ 21.1%
845.25M▲ 5.8%
877.27M▲ 3.8%
968.77M▲ 10.4%
575.57M▼ 40.6%
Operating Margin %12.33%67.99%67.28%62.97%66.37%66.5%64.04%64.44%37.03%
Interest Expense132.63M141.28M141.3M153.95M145.36M146.19M155.78M189.02M211.98M
Interest Coverage2.69x2.97x2.85x1.95x3.38x3.55x3.32x3.00x2.72x
Non-Operating Income-231.11M368.72M381.34M358.9M308.04M325.9M360.85M401.04M0
Pretax Income
169.24M▲ 0%
253.03M▲ 49.5%
244.01M▼ 3.6%
46.96M▼ 80.8%
367.33M▲ 682.2%
488M▲ 32.8%
371.76M▼ 23.8%
414.38M▲ 11.5%
516.49M▲ 24.6%
Pretax Margin %16.57%21.81%20.95%4.48%30.51%38.39%27.14%27.57%33.23%
Income Tax-9.74M706K757K-355K1.04M-39K895K4.54M0
Effective Tax Rate %-5.75%0.28%0.31%-0.76%0.28%-0.01%0.24%1.1%0%
Net Income
176.08M▲ 0%
249.13M▲ 41.5%
239.43M▼ 3.9%
44.89M▼ 81.3%
361.41M▲ 705.1%
482.87M▲ 33.6%
364.56M▼ 24.5%
400.39M▲ 9.8%
527.46M▲ 31.7%
Net Margin %17.24%21.47%20.56%4.28%30.02%37.99%26.61%26.63%33.94%
Net Income Growth %6.76%41.49%-3.89%-81.25%705.12%33.61%-24.5%9.83%31.74%
Funds From Operations (FFO)
487.13M▲ 0%
575.49M▲ 18.1%
569.85M▼ 1.0%
350.25M▼ 38.5%
641.81M▲ 83.2%
781.57M▲ 21.8%
687.71M▼ 12.0%
772.4M▲ 12.3%
932.5M▲ 20.7%
FFO Margin %47.71%49.6%48.93%33.42%53.31%61.49%50.2%51.38%60%
FFO Growth %50.64%18.14%-0.98%-38.54%83.24%21.78%-12.01%12.32%20.73%
FFO per Share3.053.383.402.073.764.553.904.225.12
FFO Payout Ratio %66.23%65.33%68.54%85.81%62.8%54.8%65.88%63.49%54.86%
EPS (Diluted)
1.00▲ 0%
1.46▲ 46.0%
1.43▼ 2.1%
0.26▼ 81.8%
2.12▲ 715.4%
2.81▲ 32.5%
2.04▼ 27.4%
2.11▲ 3.4%
2.82▲ 33.6%
EPS Growth %-29.58%46%-2.05%-81.82%715.38%32.55%-27.4%3.43%33.65%
EPS (Basic)1.001.471.430.272.122.822.042.122.79
Diluted Shares Outstanding159.96M170.1M167.77M169.46M170.69M171.79M176.37M183.04M182.23M

REG Balance Sheet

Regency Centers Corporation (REG) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Assets11.14B10.94B11.13B10.94B10.79B10.86B12.43B12.39B13B
Asset Growth %148.26%-1.79%1.71%-1.75%-1.32%0.63%14.43%-0.28%4.92%
Real Estate & Other Assets9.68B9.45B9.43B9.2B9.42B9.55B10.89B10.88B138.36M
PP&E (Net)6.12M6.13M299.88M294.39M286.23M281.32M334.66M330.24M328.53M
Investment Securities1000K1000K1000K1000K1000K1000K1000K1000K1000K
Total Current Assets252.02M278.06M330.46M556.02M273.69M257.64M325.1M333.67M394.52M
Cash & Equivalents45.37M45.19M113.02M376.07M93.1M66.47M84.97M56.28M120.66M
Receivables1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Assets4.01M60.52M48.11M36.31M27.5M2.31M25.26M5.6M0
Intangible Assets477.59M387.07M242.82M188.8M212.71M197.75M283.38M229.98M420.94M
Total Liabilities4.41B4.49B4.84B4.88B4.68B4.68B5.23B5.49B5.82B
Total Debt4.13B4.21B4.79B4.52B4.3B4.29B4.8B5.02B5.94B
Net Debt4.09B4.17B4.68B4.15B4.2B4.23B4.71B4.96B5.82B
Long-Term Debt3.53B3.57B3.7B3.92B3.72B3.73B4B4.34B4.98B
Short-Term Borrowings60M145M220M000152M65M377.46M
Capital Lease Obligations537.4M496.73M873.1M598.1M579.06M567.93M644.37M609.47M582.04M
Total Current Liabilities857.53M369.81M433.7M302.36M322.27M317.26M510.61M457.3M377.46M
Accounts Payable234.27M224.81M213.71M302.36M322.27M317.26M358.61M392.3M0
Deferred Revenue000000000
Other Liabilities46.01M57.75M58.87M55.21M62.35M70.24M78.05M81.18M-101.59M
Total Equity
6.73B▲ 0%
6.45B▼ 4.2%
6.29B▼ 2.5%
6.06B▼ 3.7%
6.11B▲ 0.9%
6.18B▲ 1.1%
7.19B▲ 16.4%
6.9B▼ 4.1%
7.18B▲ 4.1%
Equity Growth %156.55%-4.2%-2.48%-3.69%0.85%1.11%16.41%-4.05%4.08%
Shareholders Equity6.69B6.4B6.21B5.98B6.04B6.1B7.03B6.72B6.91B
Minority Interest41M52.2M76.61M73.23M72.56M81.05M159.25M176.16M274.72M
Common Stock1.71M1.68M1.68M1.7M1.71M1.71M1.85M1.81M1.83M
Additional Paid-in Capital7.87B7.67B7.65B7.79B7.88B7.88B8.7B8.5B8.7B
Retained Earnings-1.16B-1.26B-1.41B-1.77B-1.81B-1.76B-1.87B-1.98B-1.99B
Preferred Stock289K00000225M225M225M
Return on Assets (ROA)2.25%2.26%2.17%0.41%3.33%4.46%3.13%3.23%4.15%
Return on Equity (ROE)3.76%3.78%3.76%0.73%5.94%7.86%5.45%5.68%7.49%
Debt / Assets37.08%38.48%43.05%41.34%39.82%39.55%38.61%40.5%45.66%
Debt / Equity0.61x0.65x0.76x0.75x0.70x0.70x0.67x0.73x0.83x
Net Debt / EBITDA9.35x3.74x4.20x4.29x3.90x3.70x3.93x3.70x5.93x
Book Value per Share42.0937.9237.4935.7535.7935.9640.7837.7039.41

REG Cash Flow Statement

Regency Centers Corporation (REG) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations471.15M610.33M621.27M499.12M659.39M655.82M719.59M790.2M827.69M
Operating CF Growth %62.81%29.54%1.79%-19.66%32.11%-0.54%9.72%9.81%4.74%
Operating CF / Revenue %46.14%52.6%53.34%47.63%54.77%51.59%52.53%52.56%53.26%
Net Income178.98M252.32M243.26M47.32M366.29M488.04M370.87M409.84M540.95M
Depreciation & Amortization311.06M326.36M330.42M305.36M280.39M298.7M323.15M372.01M382.75M
Stock-Based Compensation20.55M13.63M14.34M13.58M12.52M16.52M20.07M23.5M19.46M
Other Non-Cash Items4.77M10.48M4.3M9.02M3.53M-100.7M22.69M11.61M-74.72M
Working Capital Changes-34.47M-25.12M-8.03M6.12M-20.68M-46.74M-17.2M-26.77M-40.75M
Cash from Investing-1.01B-106.02M-282.69M-25.64M-286.35M-206.11M-341.98M-326.64M-421.14M
Acquisitions (Net)-672.29M-74.24M-66.92M-51.44M-23.48M-36.27M-95.51M-41.34M-44.32M
Purchase of Investments-23.54M-23.16M-23.46M-25.16M-23.97M-21.11M-7.99M-101.04M-103.31M
Sale of Investments21.38M21.59M19.54M19.99M23.85M21.79M16M106.67M106.98M
Other Investing-5.24M15.65M8.8M6.62M-20K-170.51M-254.48M-290.92M-380.49M
Cash from Financing568.95M-508.49M-268.21M-210.59M-656.46M-475.96M-355.04M-493.02M-347.77M
Dividends Paid-327.68M-375.98M-390.6M-300.54M-403.08M-428.28M-456.48M-504.01M-525.21M
Common Dividends-322.65M-375.98M-390.6M-300.54M-403.08M-428.28M-453.06M-490.37M-511.56M
Debt Issuance (Net)1000K1000K1000K537K-1000K-1000K1000K1000K1000K
Share Repurchases-18.65M-220.62M-38.98M-5.51M-4.08M-81.87M-36.86M-219.61M-8.84M
Other Financing-34.47M-25.24M-22.08M-30.95M-13.63M-9.2M-469K-25M-33.23M
Net Change in Cash
32.11M▲ 0%
-4.19M▼ 113.1%
70.37M▲ 1779.1%
262.89M▲ 273.6%
-283.42M▼ 207.8%
-26.25M▲ 90.7%
22.58M▲ 186.0%
-29.47M▼ 230.5%
58.78M▲ 299.4%
Exchange Rate Effect000000000
Cash at Beginning13.26M49.38M45.19M115.56M378.45M95.03M68.78M91.35M61.88M
Cash at End45.37M45.19M115.56M378.45M95.03M68.78M91.35M61.88M120.66M
Free Cash Flow
142.85M▲ 0%
564.47M▲ 295.1%
400.62M▼ 29.0%
523.47M▲ 30.7%
396.66M▼ 24.2%
501.86M▲ 26.5%
525.58M▲ 4.7%
447.28M▼ 14.9%
393.97M▼ 11.9%
FCF Growth %160.78%295.15%-29.03%30.67%-24.23%26.52%4.73%-14.9%-11.92%
FCF / Revenue %13.99%48.65%34.4%49.95%32.95%39.48%38.37%29.75%25.35%

REG Key Ratios

Regency Centers Corporation (REG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
FFO per Share3.193.053.383.42.073.764.553.94.225.12
FFO Payout Ratio62.17%66.23%65.33%68.54%85.81%62.8%54.8%65.88%63.49%54.86%
NOI Margin75.01%75.15%73.64%73.71%70.12%72.86%72.78%71.18%71.19%44.66%
Net Debt / EBITDA6.26x9.35x3.74x4.20x4.29x3.90x3.70x3.93x3.70x5.93x
Debt / Assets37.8%37.08%38.48%43.05%41.34%39.82%39.55%38.61%40.5%45.66%
Interest Coverage2.99x2.69x2.97x2.85x1.95x3.38x3.55x3.32x3.00x2.72x
Book Value / Share25.9142.0937.9237.4935.7535.7935.9640.7837.739.41
Revenue Growth9.26%58.09%13.64%0.37%-10.02%14.88%5.58%7.77%9.74%3.39%

REG SEC Filings & Documents

Regency Centers Corporation (REG) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 29, 2026·SEC

Material company update

Apr 10, 2026·SEC

Material company update

Mar 11, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 13, 2026·SEC

FY 2025

Feb 14, 2025·SEC

FY 2024

Feb 16, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 5, 2025·SEC

FY 2025

Aug 4, 2025·SEC

FY 2025

May 2, 2025·SEC

REG Frequently Asked Questions

Regency Centers Corporation (REG) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Regency Centers Corporation (REG) reported $1.68B in revenue for fiscal year 2025. This represents a 3486% increase from $46.9M in 1996.

Regency Centers Corporation (REG) grew revenue by 3.4% over the past year. Growth has been modest.

Yes, Regency Centers Corporation (REG) is profitable, generating $629.7M in net income for fiscal year 2025 (33.9% net margin).

Dividend & Returns

Yes, Regency Centers Corporation (REG) pays a dividend with a yield of 3.56%. This makes it attractive for income-focused investors.

Regency Centers Corporation (REG) has a return on equity (ROE) of 7.5%. This is below average, suggesting room for improvement.

Industry Metrics

Regency Centers Corporation (REG) generated Funds From Operations (FFO) of $1.02B in the trailing twelve months. FFO is the primary profitability metric for REITs.

Regency Centers Corporation (REG) offers a 3.56% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

Explore More REG

Regency Centers Corporation (REG) financial analysis — history, returns, DCA and operating performance tools

Full REG Stock Analysis

Analyst verdict, bull/bear case, risk factors and peer comparison

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Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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