30 years of historical data (1995–2024) · Real Estate · REIT - Retail
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Regency Centers Corporation trades at 37.4x earnings, 38% below its 5-year average of 60.2x, sitting at the 70th percentile of its historical range. Compared to the Real Estate sector median P/E of 23.4x, the stock trades at a premium of 60%. On a free-cash-flow basis, the stock trades at 18.2x P/FCF, 6% below the 5-year average of 19.4x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $14.4B | $13.5B | $11.8B | $10.7B | $12.9B | $7.7B | $10.6B | $10.0B | $11.1B | $7.0B | $6.5B |
| Enterprise Value | $19.4B | $18.5B | $16.5B | $15.0B | $17.1B | $11.9B | $15.3B | $14.1B | $15.2B | $8.7B | $8.3B |
| P/E Ratio → | 37.44 | 35.04 | 32.84 | 22.24 | 35.54 | 175.35 | 44.12 | 40.19 | 69.18 | 48.56 | 50.09 |
| P/S Ratio | 9.58 | 9.00 | 8.63 | 8.45 | 10.68 | 7.37 | 9.09 | 8.60 | 10.84 | 10.81 | 10.93 |
| P/B Ratio | 2.10 | 1.96 | 1.64 | 1.74 | 2.11 | 1.28 | 1.68 | 1.55 | 1.64 | 2.66 | 3.10 |
| P/FCF | 18.22 | 17.13 | 16.42 | 16.37 | 32.43 | 14.76 | 26.42 | 17.68 | 77.47 | 127.49 | 40.85 |
| P/OCF | 18.22 | 17.13 | 16.42 | 16.37 | 19.51 | 15.48 | 17.04 | 16.35 | 23.49 | 24.13 | 23.44 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Regency Centers Corporation's enterprise value stands at 14.4x EBITDA, roughly in line with its 5-year average of 13.8x. The Real Estate sector median is 13.6x, placing the stock at a 6% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 12.30 | 12.07 | 11.77 | 14.18 | 11.33 | 13.11 | 12.19 | 14.84 | 13.42 | 14.09 |
| EV / EBITDA | 14.44 | 13.79 | 13.77 | 13.08 | 15.81 | 12.30 | 13.70 | 12.69 | 34.68 | 32.23 | 34.76 |
| EV / EBIT | 19.98 | 32.57 | 32.01 | 28.82 | 34.76 | 39.44 | 37.95 | 33.67 | 42.44 | 34.77 | 36.58 |
| EV / FCF | — | 23.40 | 22.97 | 22.82 | 43.03 | 22.68 | 38.10 | 25.06 | 106.08 | 158.22 | 52.67 |
Margins and return-on-capital ratios measuring operating efficiency
Regency Centers Corporation earns an operating margin of 64.4%, significantly above the Real Estate sector average of 22.0%. Operating margins have compressed from 66.5% to 64.4% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 5.7% is modest. ROIC of 6.1% represents adequate returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 71.2% | 71.2% | 71.2% | 72.8% | 72.9% | 70.1% | 73.7% | 73.6% | 75.2% | 75.0% | 75.5% |
| Operating Margin | 64.4% | 64.4% | 64.0% | 66.5% | 66.4% | 63.0% | 67.3% | 68.0% | 12.3% | 17.1% | 16.0% |
| Net Profit Margin | 26.6% | 26.6% | 26.6% | 38.0% | 30.0% | 4.3% | 20.6% | 21.5% | 17.2% | 25.5% | 25.4% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.7% | 5.7% | 5.5% | 7.9% | 5.9% | 0.7% | 3.8% | 3.8% | 3.8% | 7.0% | 7.5% |
| ROA | 3.2% | 3.2% | 3.1% | 4.5% | 3.3% | 0.4% | 2.2% | 2.3% | 2.3% | 3.8% | 3.6% |
| ROIC | 6.1% | 6.1% | 5.9% | 6.1% | 5.8% | 4.7% | 5.4% | 5.5% | 1.2% | 2.0% | 1.8% |
| ROCE | 8.1% | 8.1% | 7.8% | 8.0% | 7.6% | 6.2% | 7.4% | 7.6% | 1.8% | 2.8% | 2.4% |
Solvency and debt-coverage ratios — lower is generally safer
Regency Centers Corporation carries a Debt/EBITDA ratio of 3.7x, which is moderately leveraged (44% below the sector average of 6.7x). Net debt stands at $5.0B ($5.0B total debt minus $56M cash). Interest coverage of 5.1x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.73 | 0.73 | 0.67 | 0.70 | 0.70 | 0.75 | 0.76 | 0.65 | 0.61 | 0.65 | 0.92 |
| Debt / EBITDA | 3.74 | 3.74 | 4.00 | 3.75 | 3.98 | 4.68 | 4.30 | 3.78 | 9.46 | 6.31 | 7.95 |
| Net Debt / Equity | — | 0.72 | 0.66 | 0.68 | 0.69 | 0.68 | 0.74 | 0.65 | 0.61 | 0.64 | 0.90 |
| Net Debt / EBITDA | 3.70 | 3.70 | 3.93 | 3.70 | 3.90 | 4.29 | 4.20 | 3.74 | 9.35 | 6.26 | 7.80 |
| Debt / FCF | — | 6.28 | 6.55 | 6.45 | 10.60 | 7.92 | 11.68 | 7.38 | 28.61 | 30.73 | 11.82 |
| Interest Coverage | 5.13 | 5.13 | 5.63 | 5.78 | 5.50 | 4.29 | 5.55 | 5.58 | 0.95 | 1.32 | 0.99 |
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.73x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.81x to 0.73x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.73 | 0.73 | 0.64 | 0.81 | 0.85 | 1.84 | 0.76 | 0.75 | 0.29 | 0.38 | 0.53 |
| Quick Ratio | 0.73 | 0.73 | 0.64 | 0.81 | 0.85 | 1.84 | 0.76 | 0.75 | 0.29 | 0.38 | 0.53 |
| Cash Ratio | 0.12 | 0.12 | 0.17 | 0.21 | 0.29 | 1.24 | 0.26 | 0.12 | 0.05 | 0.03 | 0.11 |
| Asset Turnover | — | 0.12 | 0.11 | 0.12 | 0.11 | 0.10 | 0.10 | 0.11 | 0.09 | 0.14 | 0.14 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Regency Centers Corporation returns 4.9% to shareholders annually — split between a 3.4% dividend yield and 1.5% buyback yield. The payout ratio exceeds 100% at 122.5%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 2.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.4% | 3.6% | 3.8% | 4.0% | 3.1% | 3.9% | 3.7% | 3.8% | 2.9% | 2.9% | 2.8% |
| Payout Ratio | 122.5% | 122.5% | 124.3% | 88.7% | 111.5% | 669.5% | 163.1% | 150.9% | 183.2% | 121.9% | 120.9% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.7% | 2.9% | 3.0% | 4.5% | 2.8% | 0.6% | 2.3% | 2.5% | 1.4% | 2.1% | 2.0% |
| FCF Yield | 5.5% | 5.8% | 6.1% | 6.1% | 3.1% | 6.8% | 3.8% | 5.7% | 1.3% | 0.8% | 2.4% |
| Buyback Yield | 1.5% | 1.6% | 0.3% | 0.8% | 0.0% | 0.1% | 0.4% | 2.2% | 0.2% | 0.1% | 0.2% |
| Total Shareholder Yield | 4.9% | 5.2% | 4.1% | 4.8% | 3.2% | 4.0% | 4.1% | 6.0% | 3.1% | 3.0% | 3.0% |
| Shares Outstanding | — | $183M | $176M | $172M | $171M | $169M | $168M | $170M | $160M | $101M | $95M |
Compare REG with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| REGYou | $14B | 37.4 | 14.4 | 18.2 | 71.2% | 64.4% | 5.7% | 6.1% | 3.7 |
| KIM | $16B | 42.8 | 19.4 | 23.5 | 68.7% | 30.9% | 4.0% | 2.7% | 7.0 |
| BRX | $9B | 24.2 | 9.9 | 14.2 | 87.0% | 35.2% | 12.9% | 6.8% | — |
| KRG | $5B | 18.9 | 15.3 | 19.6 | 53.3% | 23.1% | 9.0% | 2.3% | 5.9 |
| PECO | $5B | 77.0 | 10.6 | 20.6 | 71.2% | 64.3% | 2.4% | 6.7% | 3.2 |
| CURB | $3B | 75.2 | 31.0 | 27.3 | 35.7% | 16.6% | 2.1% | 1.3% | 5.4 |
| IVT | $2B | 22.0 | 18.6 | 15.6 | -14.1% | 17.2% | 6.3% | 1.5% | 5.4 |
| BFS | $835M | 20.9 | 13.7 | 6.9 | 73.2% | 45.1% | 10.1% | 4.7% | 8.9 |
| WSR | $770M | -63.3 | 15.7 | 15.2 | 68.8% | 33.3% | 11.0% | 3.7% | 7.2 |
| SITC | $323M | 1.8 | 0.9 | 16.5 | — | 171.7% | 41.8% | 27.2% | — |
| CDR-PB | $260M | 135.3 | 17.0 | — | 61.4% | 39.5% | 7.0% | 5.3% | 6.4 |
| Real Estate Median | — | 23.4 | 13.6 | 13.7 | 60.4% | 22.0% | 3.3% | 2.6% | 6.7 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 30 years · Updated daily
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View ValuationSee how REG stacks up against sector leader Kimco Realty Corporation.
Start ComparisonRegency Centers Corporation's current P/E ratio is 37.4x. The historical average is 39.8x. This places it at the 70th percentile of its historical range.
Regency Centers Corporation's current EV/EBITDA is 14.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.3x.
Regency Centers Corporation's return on equity (ROE) is 5.7%. The historical average is 5.9%.
Based on historical data, Regency Centers Corporation is trading at a P/E of 37.4x. This is at the 70th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Regency Centers Corporation's current dividend yield is 3.39% with a payout ratio of 122.5%.
Regency Centers Corporation has 71.2% gross margin and 64.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Regency Centers Corporation's Debt/EBITDA ratio is 3.7x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.