Regency Centers Corporation (REG) Financial Ratios
30 years of historical data (1996–2025) · Real Estate · REIT - Retail
EV/EBITDA
↑
20.66
↑+37% vs avg
5yr avg: 15.04
30Y Low9.5·High34.8
P/FCF
↓
36.66
↑+32% vs avg
5yr avg: 27.70
30Y Low12.9·High127.5
P/B Ratio
↓
2.00
+9% vs avg
5yr avg: 1.84
30Y Low0.7·High3.1
ROE
↑
7.5%
↓+16% vs avg
5yr avg: 6.5%
30Y Low-2%·High11%
Debt/EBITDA
↑
6.05
↑+41% vs avg
5yr avg: 4.31
30Y Low3.7·High9.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
REG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Regency Centers Corporation trades at 28.0x earnings, 7% below its 5-year average of 30.0x, sitting at the 48th percentile of its historical range. Compared to the Real Estate sector median P/E of 24.1x, the stock trades at a premium of 16%. On a free-cash-flow basis, the stock trades at 36.7x P/FCF, 32% above the 5-year average of 27.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $14.4B | $12.6B | $13.5B | $11.8B | $10.7B | $12.9B | $7.7B | $10.6B | $10.0B | $11.1B | $7.0B |
| Enterprise Value | $20.3B | $18.4B | $18.5B | $16.5B | $15.0B | $17.1B | $11.9B | $15.3B | $14.1B | $15.2B | $8.7B |
| P/E Ratio → | 27.98 | 24.48 | 35.04 | 32.84 | 22.24 | 35.54 | 175.35 | 44.12 | 40.19 | 69.18 | 48.56 |
| P/S Ratio | 9.29 | 8.09 | 9.00 | 8.63 | 8.45 | 10.68 | 7.37 | 9.09 | 8.60 | 10.84 | 10.81 |
| P/B Ratio | 2.00 | 1.75 | 1.96 | 1.64 | 1.74 | 2.11 | 1.28 | 1.68 | 1.55 | 1.64 | 2.66 |
| P/FCF | 36.66 | 31.93 | 30.25 | 22.48 | 21.39 | 32.43 | 14.76 | 26.42 | 17.68 | 77.47 | 127.49 |
| P/OCF | 17.42 | 15.17 | 17.12 | 16.39 | 16.34 | 19.51 | 15.48 | 17.04 | 16.35 | 23.49 | 24.13 |
P/E links to full P/E history page with 30-year chart
REG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Regency Centers Corporation's enterprise value stands at 20.7x EBITDA, 37% above its 5-year average of 15.0x. The Real Estate sector median is 16.7x, placing the stock at a 24% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 11.84 | 12.30 | 12.07 | 11.77 | 14.18 | 11.33 | 13.11 | 12.19 | 14.84 | 13.42 |
| EV / EBITDA | 20.66 | 18.76 | 13.79 | 13.77 | 13.08 | 15.81 | 12.30 | 13.70 | 12.69 | 34.68 | 32.23 |
| EV / EBIT | 35.20 | 31.96 | 32.57 | 32.01 | 28.82 | 34.76 | 39.44 | 37.95 | 33.67 | 42.44 | 34.77 |
| EV / FCF | — | 46.69 | 41.35 | 31.45 | 29.82 | 43.03 | 22.68 | 38.10 | 25.06 | 106.08 | 158.22 |
REG Profitability
Margins and return-on-capital ratios measuring operating efficiency
Regency Centers Corporation earns an operating margin of 37.0%, above the Real Estate sector average of 26.0%. Operating margins have compressed from 64.0% to 37.0% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 7.5% is modest. ROIC of 3.5% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.7% | 44.7% | 71.2% | 71.2% | 72.8% | 72.9% | 70.1% | 73.7% | 73.6% | 75.2% | 75.0% |
| Operating Margin | 37.0% | 37.0% | 64.4% | 64.0% | 66.5% | 66.4% | 63.0% | 67.3% | 68.0% | 12.3% | 17.1% |
| Net Profit Margin | 33.9% | 33.9% | 26.6% | 26.6% | 38.0% | 30.0% | 4.3% | 20.6% | 21.5% | 17.2% | 25.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.5% | 7.5% | 5.7% | 5.5% | 7.9% | 5.9% | 0.7% | 3.8% | 3.8% | 3.8% | 7.0% |
| ROA | 4.2% | 4.2% | 3.2% | 3.1% | 4.5% | 3.3% | 0.4% | 2.2% | 2.3% | 2.3% | 3.8% |
| ROIC | 3.5% | 3.5% | 6.1% | 5.9% | 6.1% | 5.8% | 4.7% | 5.4% | 5.5% | 1.2% | 2.0% |
| ROCE | 4.7% | 4.7% | 8.1% | 7.8% | 8.0% | 7.6% | 6.2% | 7.4% | 7.6% | 1.8% | 2.8% |
REG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Regency Centers Corporation carries a Debt/EBITDA ratio of 6.1x, which is highly leveraged (23% below the sector average of 7.9x). Net debt stands at $5.8B ($5.9B total debt minus $121M cash). Interest coverage of just 2.7x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.83 | 0.83 | 0.73 | 0.67 | 0.70 | 0.70 | 0.75 | 0.76 | 0.65 | 0.61 | 0.65 |
| Debt / EBITDA | 6.05 | 6.05 | 3.74 | 4.00 | 3.75 | 3.98 | 4.68 | 4.30 | 3.78 | 9.46 | 6.31 |
| Net Debt / Equity | — | 0.81 | 0.72 | 0.66 | 0.68 | 0.69 | 0.68 | 0.74 | 0.65 | 0.61 | 0.64 |
| Net Debt / EBITDA | 5.93 | 5.93 | 3.70 | 3.93 | 3.70 | 3.90 | 4.29 | 4.20 | 3.74 | 9.35 | 6.26 |
| Debt / FCF | — | 14.76 | 11.09 | 8.97 | 8.43 | 10.60 | 7.92 | 11.68 | 7.38 | 28.61 | 30.73 |
| Interest Coverage | 2.72 | 2.72 | 3.00 | 3.32 | 3.55 | 3.38 | 1.95 | 2.85 | 2.97 | 2.69 | 2.99 |
REG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.05x means Regency Centers Corporation can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 0.64x to 1.05x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.05 | 1.05 | 0.73 | 0.64 | 0.81 | 0.85 | 1.84 | 0.76 | 0.75 | 0.29 | 0.38 |
| Quick Ratio | 1.05 | 1.05 | 0.73 | 0.64 | 0.81 | 0.85 | 1.84 | 0.76 | 0.75 | 0.29 | 0.38 |
| Cash Ratio | 0.32 | 0.32 | 0.12 | 0.17 | 0.21 | 0.29 | 1.24 | 0.26 | 0.12 | 0.05 | 0.03 |
| Asset Turnover | — | 0.12 | 0.12 | 0.11 | 0.12 | 0.11 | 0.10 | 0.10 | 0.11 | 0.09 | 0.14 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
REG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Regency Centers Corporation returns 3.6% to shareholders annually — split between a 3.6% dividend yield and 0.1% buyback yield. The payout ratio of 97.0% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 3.6% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.6% | 4.1% | 3.6% | 3.8% | 4.0% | 3.1% | 3.9% | 3.7% | 3.8% | 2.9% | 2.9% |
| Payout Ratio | 97.0% | 97.0% | 122.5% | 124.3% | 88.7% | 111.5% | 669.5% | 163.1% | 150.9% | 183.2% | 121.9% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.6% | 4.1% | 2.9% | 3.0% | 4.5% | 2.8% | 0.6% | 2.3% | 2.5% | 1.4% | 2.1% |
| FCF Yield | 2.7% | 3.1% | 3.3% | 4.4% | 4.7% | 3.1% | 6.8% | 3.8% | 5.7% | 1.3% | 0.8% |
| Buyback Yield | 0.1% | 0.1% | 1.6% | 0.3% | 0.8% | 0.0% | 0.1% | 0.4% | 2.2% | 0.2% | 0.1% |
| Total Shareholder Yield | 3.6% | 4.1% | 5.2% | 4.1% | 4.8% | 3.2% | 4.0% | 4.1% | 6.0% | 3.1% | 3.0% |
| Shares Outstanding | — | $182M | $183M | $176M | $172M | $171M | $169M | $168M | $170M | $160M | $101M |
Peer Comparison
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 | 28.0 | 20.7 | 36.7 | 44.7% | 37.0% | 7.5% | 3.5% | 6.1 |
 KIM | $16B | 28.4 | 17.7 | 20.6 | 54.7% | 35.2% | 5.5% | 3.0% | 6.3 |
 FRT | $10B | 24.1 | 18.0 | 30.1 | 9.7% | 35.9% | 11.9% | 4.2% | 6.1 |
 SITC | $294M | 1.7 | 0.8 | 15.0 | — | 171.7% | 41.8% | 27.2% | — |
 BRX | $9B | 24.1 | 16.1 | 14.2 | 75.2% | 36.7% | 12.9% | 4.6% | 6.4 |
 AKR | $3B | 231.5 | 23.0 | 17.3 | 50.5% | 12.0% | 0.5% | 0.9% | 9.3 |
 SPG | $66B | 14.3 | 20.4 | — | 85.7% | 49.9% | 89.6% | 7.6% | 6.4 |
 MAC | $6B | -27.6 | 5.2 | — | 95.4% | 67.8% | — | 20.9% | — |
 CBL | $1B | 10.1 | 11.4 | 18.9 | 7.6% | 24.2% | 40.1% | 4.2% | 7.1 |
 KRG | $5B | 19.2 | 15.2 | 19.4 | 53.3% | 23.1% | 9.0% | 2.3% | 5.9 |
 KR | $42B | 43.5 | 11.0 | 12.6 | 21.0% | 1.3% | 14.3% | 5.0% | 4.2 |
| Real Estate Median | — | 24.1 | 16.7 | 15.4 | 52.1% | 26.0% | 3.5% | 3.0% | 7.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Full REG Stock Analysis
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Start ComparisonREG — Frequently Asked Questions
Quick answers to the most common questions about buying REG stock.
What is Regency Centers Corporation's P/E ratio?
Regency Centers Corporation's current P/E ratio is 28.0x. The historical average is 39.8x. This places it at the 48th percentile of its historical range.
What is Regency Centers Corporation's EV/EBITDA?
Regency Centers Corporation's current EV/EBITDA is 20.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.8x.
What is Regency Centers Corporation's ROE?
Regency Centers Corporation's return on equity (ROE) is 7.5%. The historical average is 6.0%.
Is REG stock overvalued?
Based on historical data, Regency Centers Corporation is trading at a P/E of 28.0x. This is at the 48th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Regency Centers Corporation's dividend yield?
Regency Centers Corporation's current dividend yield is 3.56% with a payout ratio of 97.0%.
What are Regency Centers Corporation's profit margins?
Regency Centers Corporation has 44.7% gross margin and 37.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Regency Centers Corporation have?
Regency Centers Corporation's Debt/EBITDA ratio is 6.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.