NASDAQ : REG
Regency Centers Corporation — Financial statements
Real Estate · REIT - Retail · United States
Last price 74.72 USD (Nov 2, 2026, 10:28 AM EST) · Market cap 13.94B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Rental Revenue | 1.58B | 1.51B | 1.41B | 1.28B | 1.19B | 1.11B |
| Property Management Fees | 28.43M | 28.36M | 27.87M | 26.95M | 25.85M | 40.34M |
| Other Revenue | 80.45M | 71.26M | 64.04M | 58.95M | 57.80M | 50.16M |
| Total Revenue | 1.69B | 1.61B | 1.50B | 1.37B | 1.27B | 1.20B |
| Property Expenses | 479.72M | 457.16M | 433.05M | 394.77M | 345.94M | 326.68M |
| Selling, General & Administrative | 105.50M | 99.41M | 101.47M | 97.81M | 79.90M | 78.22M |
| Depreciation & Amortization | 423.96M | 405.04M | 394.71M | 352.28M | 319.70M | 303.33M |
| Other Operating Expenses | 8.26M | 8.85M | -3.25M | 6.26M | 6.21M | 4.71M |
| Total Operating Expenses | 1.02B | 970.46M | 932.38M | 854.32M | 751.75M | 712.94M |
| Operating Income | 668.10M | 640.58M | 570.91M | 515.53M | 519.35M | 490.93M |
| Interest Expense | -215.72M | -207.24M | -189.75M | -154.25M | -146.19M | -145.17M |
| Interest & Investment Income | 16.16M | 11.77M | 15.81M | 5.67M | 5.46M | |
| EBT Excluding Unusual Items | 468.53M | 445.11M | 396.97M | 366.95M | 373.16M | 351.22M |
| Merger & Restructuring Charges | -7.72M | |||||
| Gain (Loss) on Sale of Investments | 75.98M | 75.98M | 907.00K | 3.16M | 5.83M | 9.38M |
| Gain (Loss) on Sale of Assets | 32.12M | 24.46M | 34.16M | 661.00K | 109.00M | 91.12M |
| Asset Writedown | -3.34M | -4.61M | -14.30M | -84.39M | ||
| Other Unusual Items | -180.00K | 99.00K | ||||
| Pretax Income | 573.29M | 540.95M | 409.84M | 370.87M | 488.00M | 367.33M |
| Income Tax Expense | -39.00K | 1.04M | ||||
| Earnings From Continuing Operations | 573.29M | 540.95M | 409.84M | 370.87M | 488.04M | 366.29M |
| Minority Interest in Earnings | -17.12M | -13.49M | -9.45M | -6.31M | -5.17M | -4.88M |
| Net Income | 556.16M | 527.46M | 400.39M | 364.56M | 482.87M | 361.41M |
| Preferred Dividends & Other Adjustments | 13.65M | 13.65M | 13.65M | 5.06M | ||
| Net Income to Common | 542.51M | 513.81M | 386.74M | 359.50M | 482.87M | 361.41M |
| Basic Shares Outstanding | 182.68M | 181.90M | 182.82M | 176.09M | 171.40M | 170.24M |
| Diluted Shares Outstanding | 182.95M | 182.23M | 183.04M | 176.37M | 171.79M | 170.69M |
| EPS (Basic) | 2.97 | 2.82 | 2.12 | 2.04 | 2.82 | 2.12 |
| EPS (Diluted) | 2.97 | 2.82 | 2.11 | 2.04 | 2.81 | 2.12 |
| Dividend Per Share | 2.97 | 2.87 | 2.71 | 2.62 | 2.52 | 2.41 |
| Operating Margin | 39.64% | 39.76% | 37.98% | 37.63% | 40.86% | 40.78% |
| Profit Margin | 32.19% | 31.89% | 25.73% | 26.24% | 37.99% | 30.02% |
| EBITDA | 1.07B | 1.02B | 942.92M | 838.68M | 818.05M | 771.32M |
| EBITDA Margin | 63.55% | 63.52% | 62.72% | 61.22% | 64.36% | 64.07% |
| D&A For Ebitda | 403.12M | 382.75M | 372.01M | 323.15M | 298.70M | 280.39M |
| EBIT | 668.10M | 640.58M | 570.91M | 515.53M | 519.35M | 490.93M |
| EBIT Margin | 39.64% | 39.76% | 37.98% | 37.63% | 40.86% | 40.78% |
| Funds From Operations (FFO) | 883.41M | 855.73M | 790.89M | 736.09M | 707.76M | 688.71M |
| FFO Per Share | 4.73 | 4.64 | 4.30 | 4.15 | 4.10 | |
| Adjusted Funds From Operations (AFFO) | 728.79M | 706.64M | 649.37M | 736.09M | 707.76M | 688.71M |
| AFFO Per Share | 3.92 | 3.83 | 3.53 | 4.15 | 4.10 | |
| FFO Payout Ratio | 60.23% | 59.78% | 62.00% | 61.55% | 60.51% | 58.53% |
| Effective Tax Rate | 0.28% | |||||
| Revenue as Reported | 1.62B | 1.55B | 1.45B | 1.32B | 1.22B | 1.17B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Property, Plant & Equipment | 11.66B | 11.62B | 11.07B | 11.10B | 9.72B | 9.61B |
| Cash & Equivalents | 185.97M | 104.66M | 56.28M | 84.97M | 66.47M | 93.10M |
| Accounts Receivable | 239.40M | 227.18M | 209.10M | 182.11M | 159.70M | 131.30M |
| Other Receivables | 69.11M | 63.41M | 62.68M | 32.76M | 29.16M | 21.80M |
| Investment In Debt and Equity Securities | 51.53M | 51.37M | 51.82M | 51.99M | 54.58M | 65.11M |
| Goodwill | 166.74M | 166.74M | 166.74M | 167.06M | 167.06M | 167.09M |
| Other Intangible Assets | 233.56M | 254.20M | 229.98M | 283.38M | 197.75M | 212.71M |
| Restricted Cash | 5.64M | 16.00M | 5.60M | 6.38M | 2.31M | 1.93M |
| Other Current Assets | 37.50M | 34.58M | 40.24M | 59.51M | 28.61M | 46.91M |
| Trading Asset Securities | 7.30M | 6.78M | 12.78M | 14.21M | 6.58M | |
| Deferred Long-Term Charges | 106.70M | 103.78M | 89.42M | 76.26M | 74.10M | 73.19M |
| Other Long-Term Assets | 362.81M | 349.86M | 399.04M | 370.61M | 350.38M | 372.59M |
| Total Assets | 13.12B | 13.00B | 12.39B | 12.43B | 10.86B | 10.79B |
| Current Portion of Long-Term Debt | 166.27M | 360.68M | ||||
| Current Portion of Leases | 16.78M | |||||
| Long-Term Debt | 4.74B | 4.38B | 4.41B | 4.16B | 3.73B | 3.72B |
| Long-Term Leases | 240.32M | 225.59M | 244.86M | 246.06M | 213.72M | 215.79M |
| Accounts Payable | 382.66M | 355.11M | 348.11M | 312.16M | 268.59M | 261.68M |
| Long-Term Deferred Tax Liabilities | 1.10M | 10.30M | 13.34M | 12.59M | 13.34M | |
| Other Long-Term Liabilities | 432.72M | 480.19M | 479.26M | 508.12M | 460.53M | 470.02M |
| Total Liabilities | 5.98B | 5.82B | 5.49B | 5.23B | 4.68B | 4.68B |
| Preferred Stock, Convertible | 225.00M | 225.00M | 225.00M | 225.00M | ||
| Total Preferred Equity | 225.00M | 225.00M | 225.00M | 225.00M | ||
| Common Stock | 1.83M | 1.83M | 1.81M | 1.85M | 1.71M | 1.71M |
| Additional Paid-In Capital | 8.71B | 8.70B | 8.50B | 8.70B | 7.88B | 7.88B |
| Distributions in Excess of Earnings | -2.03B | -1.99B | -1.98B | -1.87B | -1.76B | -1.81B |
| Treasury Stock | -33.09M | -31.07M | -28.05M | -25.49M | -24.46M | -22.76M |
| Comprehensive Income & Other | -574.00K | -4.22M | 2.23M | -1.31M | 7.56M | -10.23M |
| Total Common Equity | 6.65B | 6.68B | 6.50B | 6.81B | 6.10B | 6.04B |
| Minority Interest | 272.24M | 274.72M | 176.16M | 159.25M | 81.05M | 72.56M |
| Shareholders' Equity | 7.15B | 7.18B | 6.90B | 7.19B | 6.18B | 6.11B |
| Total Liabilities & Equity | 13.12B | 13.00B | 12.39B | 12.43B | 10.86B | 10.79B |
| Total Debt | 5.14B | 4.98B | 4.65B | 4.40B | 3.94B | 3.94B |
| Net Cash (Debt) | -4.95B | -4.87B | -4.58B | -4.30B | -3.87B | -3.84B |
| Net Cash Per Share | -27.06 | -26.73 | -25.05 | -24.39 | -22.51 | -22.52 |
| Filing Date Shares Outstanding | 182.71M | 182.41M | 180.89M | 184.13M | 170.84M | 170.94M |
| Total Common Shares Outstanding | 182.71M | 182.41M | 180.88M | 184.13M | 170.66M | 170.79M |
| Book Value Per Share | 36.40 | 36.63 | 35.93 | 36.97 | 35.73 | 35.35 |
| Tangible Book Value | 6.25B | 6.26B | 6.10B | 6.36B | 5.73B | 5.66B |
| Tangible Book Value Per Share | 34.21 | 34.32 | 33.74 | 34.53 | 33.59 | 33.13 |
| Land | 4.93B | 4.76B | 4.80B | 4.38B | 4.34B | |
| Buildings | 8.58B | 7.92B | 7.67B | 6.64B | 6.33B | |
| Construction In Progress | 147.21M | 215.11M | 218.18M | 133.43M | 139.30M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 556.16M | 527.46M | 400.39M | 364.56M | 482.87M | 361.41M |
| Depreciation & Amortization | 403.12M | 382.75M | 372.01M | 323.15M | 298.70M | 280.39M |
| Other Amortization | 16.12M | 15.01M | 13.10M | 8.25M | 5.80M | 6.00M |
| Gain (Loss) on Sale of Assets | -32.12M | -24.46M | -34.16M | -661.00K | -109.00M | -91.12M |
| Gain (Loss) on Sale of Investments | -7.36M | -4.12M | -5.93M | -5.57M | 7.04M | -5.35M |
| Asset Writedown | 3.34M | 4.61M | 14.30M | 84.39M | ||
| Stock-Based Compensation | 26.41M | 22.73M | 28.76M | 24.86M | 10.39M | 17.09M |
| Income (Loss) on Equity Investments | -78.95M | -69.03M | 18.86M | 15.99M | 1.59M | 24.85M |
| Change in Accounts Receivable | -34.11M | -18.52M | -24.22M | -13.90M | -35.27M | -24.87M |
| Change in Accounts Payable | 5.66M | -7.87M | 4.25M | 5.15M | -9.09M | 6.68M |
| Change in Other Net Operating Assets | -18.77M | -14.36M | -6.80M | -8.44M | -2.38M | -2.49M |
| Other Operating Activities | 17.12M | 13.49M | 9.63M | 6.21M | 5.17M | 2.40M |
| Operating Cash Flow | 856.64M | 827.69M | 790.20M | 719.59M | 655.82M | 659.39M |
| Acquisition of Real Estate Assets | -496.12M | -539.26M | -388.77M | -278.24M | -365.06M | -569.68M |
| Sale of Real Estate Assets | 131.71M | 124.99M | 108.61M | 11.17M | 143.13M | 206.19M |
| Net Sale / Acq. of Real Estate Assets | -364.41M | -414.27M | -280.16M | -267.07M | -221.92M | -363.49M |
| Cash Acquisition | -82.39M | |||||
| Investment in Marketable & Equity Securities | 215.00K | -11.77M | -28.31M | -1.81M | 12.21M | 76.47M |
| Other Investing Activities | 96.59M | 4.91M | -18.18M | 9.30M | 3.61M | 668.00K |
| Investing Cash Flow | -267.60M | -421.14M | -326.64M | -341.98M | -206.11M | -286.35M |
| Long-Term Debt Issued | 1.06B | 1.46B | 616.50M | 95.00M | ||
| Long-Term Debt Repaid | -936.27M | -1.20B | -477.83M | -112.96M | -318.27M | |
| Net Debt Issued (Repaid) | -50.65M | 120.84M | 255.39M | 138.67M | -17.96M | -318.27M |
| Issuance of Common Stock | 98.33M | 98.67M | 210.00K | 103.00K | 61.35M | 82.61M |
| Repurchase of Common Stock | -9.12M | -6.79M | -219.61M | -27.67M | -81.87M | -4.08M |
| Common Dividends Paid | -532.04M | -511.56M | -490.37M | -453.06M | -428.28M | -403.08M |
| Preferred Dividends Paid | -13.65M | -13.65M | -13.65M | -3.41M | ||
| Total Dividends Paid | -545.70M | -525.21M | -504.01M | -456.48M | -428.28M | -403.08M |
| Other Financing Activities | -45.11M | -35.28M | -25.00M | -9.66M | -9.20M | -13.63M |
| Net Cash Flow | 36.80M | 58.78M | -29.47M | 22.58M | -26.25M | -283.42M |
| Levered Free Cash Flow | 743.36M | 671.53M | 645.95M | 559.92M | 543.29M | 537.83M |
| Unlevered Free Cash Flow | 862.07M | 786.04M | 751.45M | 648.07M | 628.86M | 622.56M |
| Cash Interest Paid | 188.07M | 179.22M | 161.36M | 147.18M | 141.36M | 140.08M |
| Cash Income Tax Paid | 570.00K | 378.00K | ||||
| Change in Working Capital | -47.22M | -40.75M | -26.77M | -17.20M | -46.74M | -20.68M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 14.11B | 12.59B | 13.38B | 12.34B | 10.70B | 12.86B |
| Enterprise Value | 19.06B | 18.03B | 18.31B | 16.95B | 14.56B | 16.55B |
| Last Close Price | 74.59 | 67.04 | 68.96 | 60.02 | 53.66 | 62.10 |
| Price/FFO Ratio | 16.68 | 14.45 | 16.04 | 14.46 | 13.09 | |
| Price/AFFO Ratio | 20.13 | 17.51 | 19.55 | 14.46 | 13.08 | |
| PE Ratio | 25.48 | 24.51 | 34.61 | 34.32 | 22.15 | 35.60 |
| PS Ratio | 8.38 | 7.82 | 8.90 | 9.01 | 8.41 | 10.69 |
| PB Ratio | 2.05 | 1.75 | 1.94 | 1.72 | 1.73 | 2.11 |
| P/OCF Ratio | 16.50 | 15.21 | 16.94 | 17.14 | 16.31 | 19.51 |
| EV/Sales Ratio | 11.32 | 11.19 | 12.18 | 12.37 | 11.46 | 13.75 |
| EV/EBITDA Ratio | 17.81 | 17.62 | 19.41 | 20.21 | 17.80 | 21.46 |
| EV/EBIT Ratio | 28.56 | 28.15 | 32.06 | 32.88 | 28.04 | 33.71 |
| Debt / Equity Ratio | 0.72 | 0.69 | 0.67 | 0.61 | 0.64 | 0.64 |
| Debt / EBITDA Ratio | 4.71 | 4.77 | 4.82 | 5.12 | 4.70 | 4.98 |
| Net Debt / Equity Ratio | 0.69 | 0.68 | 0.66 | 0.60 | 0.63 | 0.63 |
| Net Debt / EBITDA Ratio | 4.62 | 4.76 | 4.86 | 5.13 | 4.73 | 4.98 |
| Asset Turnover | 0.13 | 0.13 | 0.12 | 0.12 | 0.12 | 0.11 |
| Quick Ratio | 0.89 | 0.55 | 0.98 | 1.01 | 0.97 | 0.94 |
| Current Ratio | 0.96 | 0.62 | 1.11 | 1.22 | 1.09 | 1.13 |
| Return on Equity (ROE) | 8.19% | 7.68% | 5.82% | 5.55% | 7.94% | 6.02% |
| Return on Assets (ROA) | 3.23% | 3.15% | 2.88% | 2.77% | 3.00% | 2.82% |
| Return on Invested Capital (ROIC) | 5.41% | 5.40% | 4.93% | 4.75% | 5.15% | 4.83% |
| Earnings Yield | 3.93% | 4.19% | 2.99% | 2.96% | 4.52% | 2.81% |
| Dividend Yield | 3.98% | 4.16% | 3.67% | 3.91% | 4.03% | 3.20% |
| Payout Ratio | 101.74% | 99.57% | 125.88% | 125.21% | 88.70% | 111.53% |
| Buyback Yield / Dilution | -0.63% | 0.44% | -3.78% | -2.67% | -0.64% | -0.73% |
| Total Shareholder Return | 3.36% | 4.60% | -0.11% | 1.24% | 3.39% | 2.47% |