Regency Centers REG

REIT - Specialty, Real Estate

$73.98

−0.54%

Market cap: $13.5B
PE: 25.0×; 6y median 32.5×
Forward PE: n/m; not a meaningful number
Price to FFO: 15.6×; its own FFO
Price to sales: 8.4×
EV/EBIT: 15.9×
Revenue, 12 months: $1.6B; +8% on a year ago
Net margin: 34.4%

Regency Centers trades at 15.6× its funds from operations, the earnings measure REITs are valued on. Revenue was $1.6B over the last twelve months, up 8% on a year earlier with a 34% net margin.

Charts

Financials

Income statement for REG, by quarter
Income statement	Q3 FY23	Q4 FY23	Q1 FY24	Q2 FY24	Q3 FY24	Q4 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
	$330.6M+9%	$359.6M+14%	$363.9M+14%	$357.3M+14%	$360.3M+9%	$372.5M+4%	$380.9M+5%	$380.8M+7%	$387.6M+8%	$404.2M+9%	$412.5M+8%	$413.5M+9%
SG&A	$20.9M+3%	$26.6M+15%	$26.1M+3%	$24.2M−3%	$25.1M+20%	$26M−2%	$21.6M−17%	$25.5M+5%	$27.1M+8%	$25.3M−3%	$25.6M+19%	$27.6M+8%
	$118.3M+4%	$119.6M+1%	$132.3M+8%	$124.7M+10%	$125.8M+6%	$122.9M+3%	$145.3M+10%	$145.2M+16%	$142.6M+13%	$149.5M+22%	$155.4M+7%	$156.9M+8%
Interest expense	$38.8M+7%	$42.1M+16%	$42.9M+18%	$43.2M+17%	$47M+21%	$47.1M+12%	$48M+12%	$50.3M+16%	$51.3M+9%	$49.9M+6%	$52.2M+9%	$53.6M+7%
Pre-tax income	$79.7M+3%	$77.8M−8%	$100.7M+16%	$92.6M+21%	$90.1M+13%	$76.1M−2%	$97.4M−3%	$94.6M+2%	$97.5M+8%	$118M+55%	$110.4M+13%	$103.6M+10%
	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net income	$90.7M+4%	$89.8M−6%	$109.8M+13%	$102.7M+18%	$101.5M+12%	$86.5M−4%	$109.6M−0%	$106M+3%	$109.4M+8%	$202.5M+134%	$128.5M+17%	$115.8M+9%
	$0.50−2%	$0.47−16%	$0.58+2%	$0.54+6%	$0.54+8%	$0.46−2%	$0.58+0%	$0.56+4%	$0.58+7%	$1.09+137%	$0.68+17%	$0.61+9%
	178.2M+4%	n/a	183.4M+7%	183.8M+8%	181.6M+2%	n/a	183.1M−0%	183.2M−0%	182.7M+1%	n/a	184M+1%	184.2M+1%

Operating income: 31 periods, Q2 FY18 to Q2 FY26: not printed by the filing, worked out from its own lines.

EPS, diluted: Q4 FY18: quarter's net income to common over its shares, to the cent. 5 periods, Q4 FY21 to Q4 FY25: quarter's net income to common over its shares, to the cent, the shares from counts implied by EPS, near the year's EPS less the nine months'.

Diluted shares: 3 periods, Q4 FY18 to Q4 FY20: share-days: the 12-month average less the 9-month, weighted by days. 16 periods, Q2 FY21 to Q2 FY26: not printed by the filing, worked out from its own lines.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.

Peers

Companies in REIT - Specialty nearest Regency Centers' size, closest first.

Company	Market cap	PE	Its 10y median PE	P/S	Revenue growth	Net margin
REGRegency Centers	$13.5B	25.0×	32.5×	8.4×	+8%	34.4%
DOCHealthpeak Properties	$13.3B	55.0×	40.7×	4.5×	+6%	8.2%
NLYAnnaly Capital Management	$13.8B	4.6×	4.6×	n/m	n/m	n/m
MAAMID America Apartment Communities	$13.9B	35.0×	34.7×	6.3×	+1%	18.2%
OHIOmega Healthcare Investors	$14B	16.7×	25.6×	10.9×	+15%	67.0%
WYWeyerhaeuser	$14B	29.5×	31.5×	2.1×	−3%	6.9%
WPCW. P. Carey	$14.6B	21.8×	26.7×	8.1×	+9%	36.3%
ELSEquity Lifestyle Properties	$11.8B	29.5×	43.1×	7.6×	+3%	26.6%
LAMRLamar Advertising	$15.7B	28.3×	24.4×	6.8×	+4%	23.9%
KIMKimco Realty	$15.8B	27.8×	25.5×	7.2×	+4%	27.8%
AHRAmerican Healthcare REIT	$11.6B	78.0×	116×	4.9×	+19%	5.2%
Peer median	$14B	28.9×	29.1×	6.8×	+4%	23.9%