Regency Centers Corporation (REG) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.59	$0.61	+3.4%	—	—	—
Q1 26	$0.62	$0.68	+9.7%	—	$412.5M	—
Q4 25	$0.58	$1.09	+87.9%	—	$404.2M	—
Q3 25	$0.55	$0.58	+5.5%	—	$387.6M	—
Q2 25	$0.54	$0.56	+3.7%	—	$380.8M	—
Q1 25	$0.56	$0.58	+3.6%	—	$380.9M	—
Q4 24	$0.47	$0.46	-2.1%	—	$372.5M	—
Q3 24	$0.47	$0.54	+14.9%	—	$360.3M	—
Q2 24	$0.46	$0.54	+17.4%	—	$357.3M	—
Q1 24	$0.49	$0.57	+16.3%	—	$363.9M	—
Q4 23	$0.51	$0.47	-7.8%	—	$359.6M	—
Q3 23	$0.47	$0.5	+6.4%	—	$330.6M	—
Q2 23	$0.5	$0.51	+2.0%	—	$314.2M	—
Q1 23	$0.51	$0.57	+11.8%	—	$318M	—
Q4 22	$0.46	$0.56	+21.7%	—	$314.5M	—
Q3 22	$0.46	$0.51	+10.9%	—	$304M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$2.81	—	—	$1.6B	—
FY24	—	$2.14	—	—	$1.5B	—
FY23	—	$2.04	—	—	$1.3B	—
FY22	—	$2.83	—	—	$1.2B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$614.4M	$984.3M	$1.1B	$1.1B	$1B	$1.2B	$1.2B	$1.3B	$1.5B	$1.6B
YoY change	+7.83%	+60.2%	+13.9%	+1.09%	-10.3%	+14.8%	+4.96%	+8.04%	+9.94%	+6.85%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	614.4M	984.3M	1.1B	1.1B	1B	1.2B	1.2B	1.3B	1.5B	1.6B
Cost of revenue	161.4M	253.7M	305.9M	306.1M	313.1M	326.7M	345.9M	394.8M	433.1M	457.2M
Gross profit	453M	730.6M	815.1M	827M	703.1M	839.5M	878.1M	927.7M	1B	1.1B
Gross margin	73.7%	74.2%	72.7%	73%	69.2%	72%	71.7%	70.1%	70.2%	70.6%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	65.3M	67.6M	65.5M	75M	75M	78.2M	79.9M	97.8M	101.5M	99.4M
Operating expenses	79.4M	156.8M	75.2M	82.8M	87.6M	84M	86.1M	107.3M	112.3M	108.3M
Operating income	211.2M	239.6M	380.2M	369.9M	269.6M	452.2M	472.3M	468.1M	513.8M	583.1M
Operating margin	34.4%	24.3%	33.9%	32.6%	26.5%	38.8%	38.6%	35.4%	35.3%	37.5%
Non-operating income, net	-9.2M	34.9M	20.6M	24.6M	-69.9M	58.8M	161.5M	56.5M	75.4M	156.7M
Pretax income	119.7M	141.8M	252.3M	243.3M	47.3M	366.3M	488M	370.9M	409.8M	541M
Income tax	0	-9.7M	0	0	—	—	—	—	—	—
Net income	167M	179M	252.3M	243.3M	47.3M	366.3M	488M	370.9M	409.8M	541M
Net margin	27.2%	18.2%	22.5%	21.5%	4.66%	31.4%	39.9%	28%	28.2%	34.8%
EBITDA	431.2M	582.2M	762.2M	780.5M	651.2M	803.2M	852.8M	872.9M	968.4M	1.1B
EPS	1.38	0.94	1.47	1.43	0.27	2.12	2.83	2.04	2.14	2.81
Diluted EPS	1.38	0.94	1.46	1.43	0.26	2.12	2.81	2.04	2.11	2.81

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	330.6M	359.6M	363.9M	357.3M	360.3M	372.5M	380.9M	380.8M	387.6M	404.2M	412.5M	—
Cost of revenue	99.4M	113M	107.6M	105M	106.2M	114.3M	114.8M	108.3M	112.6M	121.5M	124.7M	—
Gross profit	231.2M	246.6M	256.3M	252.3M	254.1M	258.2M	266.1M	272.6M	275M	282.7M	287.7M	—
Gross margin	69.9%	68.6%	70.4%	70.6%	70.5%	69.3%	69.9%	71.6%	71%	69.9%	69.8%	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	20.9M	26.6M	26.1M	24.2M	25.1M	26M	21.6M	25.5M	27.1M	25.3M	25.6M	—
Operating expenses	24.4M	31.3M	28.8M	27.3M	28.7M	27.5M	23.3M	27.4M	28.8M	28.7M	26.6M	—
Operating income	119.3M	116.4M	129.9M	124M	124.4M	135.5M	146M	145.6M	143.4M	148M	154.7M	—
Operating margin	36.1%	32.4%	35.7%	34.7%	34.5%	36.4%	38.3%	38.2%	37%	36.6%	37.5%	—
Non-operating income, net	11.6M	17.6M	25.5M	23.9M	26M	-5K	13.6M	12.8M	20.3M	110M	30.2M	—
Pretax income	92.2M	92M	112.7M	104.9M	103.6M	88.7M	111.9M	108.3M	112.6M	208.1M	132.8M	—
Income tax	—	—	—	—	—	—	—	—	—	—	—	—
Net income	92.2M	92M	112.7M	104.9M	103.6M	88.7M	111.9M	108.3M	112.6M	208.1M	132.8M	—
Net margin	27.9%	25.6%	31%	29.4%	28.7%	23.8%	29.4%	28.4%	29.1%	51.5%	32.2%	—
EBITDA	219.7M	230.4M	242.1M	241.3M	240.4M	244.6M	258.6M	260.3M	263.5M	346.9M	285.5M	—
EPS	0.48	—	0.58	0.55	0.54	0.46	0.58	0.57	0.58	1.09	0.68	0.61
Diluted EPS	0.48	—	0.58	0.54	0.54	0.46	0.58	0.56	0.58	1.09	0.68	0.61

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	7.2B	—	10B	10.5B	7.7B	12.9B	10.7B	11.8B	13.4B	12.6B	14.4B
Enterprise value	8.9B	—	14.1B	15B	11.9B	17.1B	14.9B	16.5B	18.3B	17.9B	19.9B
Shares outstanding	104.1M	171M	169.7M	167.1M	169.2M	170.8M	170.7M	176.1M	180.9M	182.9M	182.9M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	43	—	39.5	43.3	163	35.1	21.9	31.8	32.6	23.3	26.7
P/S	11.7	—	8.88	9.31	7.59	11	8.71	8.92	9.2	8.13	8.77
P/B	2.74	—	1.54	1.68	1.27	2.11	1.73	1.64	1.94	1.76	2.18
EV/EBITDA	20.6	—	18.5	19.2	18.2	21.3	17.5	18.9	18.9	15.8	18.6
EV/Sales	14.4	—	12.6	13.2	11.7	14.6	12.2	12.5	12.6	11.5	11.8
Earnings yield	2.33%	—	2.53%	2.31%	0.61%	2.85%	4.58%	3.14%	3.06%	4.28%	3.74%
FCF yield	4.14%	—	6.13%	5.89%	6.47%	5.12%	6.15%	6.1%	5.91%	6.56%	5.17%
PEG	—	—	—	—	—	—	—	—	—	—	3.23

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	73.7%	74.2%	72.7%	73%	69.2%	72%	71.7%	70.1%	70.2%	70.6%	70.5%
Operating margin	34.4%	24.3%	33.9%	32.6%	26.5%	38.8%	38.6%	35.4%	35.3%	37.5%	39.6%
Net margin	27.2%	18.2%	22.5%	21.5%	4.66%	31.4%	39.9%	28%	28.2%	34.8%	33%
ROE	6.36%	2.66%	3.91%	3.87%	0.78%	5.99%	7.9%	5.16%	5.94%	7.53%	8.19%
ROA	3.72%	1.61%	2.31%	2.19%	0.43%	3.39%	4.49%	2.98%	3.31%	4.16%	3.23%
ROIC	4.9%	2.21%	3.58%	3.44%	—	—	—	—	—	—	—
Return on tangible assets	3.93%	1.88%	2.64%	2.42%	0.46%	3.65%	4.82%	3.22%	3.53%	4.45%	4.6%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.84	0.75	0.75	0.76	1.84	0.85	0.81	0.64	0.73	0.8	0.96
Quick ratio	0.84	0.75	0.75	0.76	1.84	0.85	0.81	0.64	0.73	0.8	1.86
Debt / equity	0.65	0.61	0.65	0.73	0.75	0.7	0.7	0.67	0.73	0.74	0.72
Debt / assets	0.38	0.37	0.38	0.41	0.41	0.4	0.4	0.39	0.4	0.41	0.43
Net debt / EBITDA	3.9	7.02	5.47	5.71	6.37	5.24	4.96	5.4	5.12	4.63	4.72
Interest coverage	2.43	1.9	2.69	2.56	1.31	3.52	4.33	3.38	3.17	3.62	3.66
Effective tax rate	0%	0%	0%	0%	—	—	—	—	—	—	—

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	5.9	5.76	6.6	6.78	6.01	6.83	7.17	7.51	8.04	8.49	9.23
EPS (basic)	1.38	0.94	1.47	1.43	0.27	2.12	2.83	2.04	2.14	2.81	2.81
EPS (diluted)	1.38	0.94	1.46	1.43	0.26	2.12	2.81	2.04	2.11	2.81	2.96
Book value per share	25.2	39.4	38	37.6	35.8	35.8	36.2	40.8	38.1	39.3	36.3
FCF per share	2.85	2.75	3.6	3.72	2.95	3.86	3.84	4.09	4.37	4.53	4.47
Cash per share	0.13	0.27	0.27	0.68	2.22	0.55	0.39	0.48	0.31	0.57	1.06

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Payout ratio	133%	183.1%	149%	160.6%	635.2%	110%	87.8%	123.1%	123%	97.1%	100.1%
Dividend yield	3.09%	—	3.78%	3.7%	3.9%	3.13%	4.02%	3.87%	3.77%	4.16%	3.93%

Yield

3.93%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.755

ex-dividend Sep 11, 2026

Payout ratio

100%

of earnings

Dividend growth

12 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 11, 2026	$0.755
Jun 12, 2026	$0.755
Mar 11, 2026	$0.755

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$330.6M	$359.6M	$363.9M	$357.3M	$360.3M	$372.5M	$380.9M	$380.8M	$387.6M	$404.2M	$412.5M	—
YoY change	+8.77%	+14.3%	+14.4%	+13.7%	+8.96%	+3.6%	+4.69%	+6.61%	+7.58%	+8.5%	+8.28%	—

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	13.3M	45.4M	45.2M	113M	376.1M	93.1M	66.5M	85M	56.3M	104.7M
Receivables	85.4M	113.9M	126.2M	142.6M	126.3M	131.3M	159.7M	173.4M	192.8M	210.4M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	129.6M	220.4M	278.1M	330.5M	556M	273.7M	257.6M	325.1M	333.7M	411.3M
Property, plant & equipment	4.1M	6.1M	6.1M	299.9M	294.4M	286.2M	281.3M	334.7M	330.2M	328.5M
Goodwill & intangibles	237.7M	1.6B	1.4B	1.1B	725.3M	759.6M	729.6M	900.9M	793.4M	841.9M
Total assets	4.5B	11.1B	10.9B	11.1B	10.9B	10.8B	10.9B	12.4B	12.4B	13B
Accounts payable	138.9M	234.3M	224.8M	213.7M	302.4M	322.3M	317.3M	358.6M	392.3M	391.8M
Short-term debt	15M	60M	145M	220M	—	—	—	152M	65M	120M
Total current liabilities	153.9M	294.3M	369.8M	433.7M	302.4M	322.3M	317.3M	510.6M	457.3M	511.8M
Long-term debt	1.7B	4.1B	4.1B	4.3B	4.5B	4.3B	4.3B	4.6B	5B	5.2B
Total liabilities	1.9B	4.4B	4.5B	4.8B	4.9B	4.7B	4.7B	5.2B	5.5B	5.8B
Shareholders' equity	2.6B	6.7B	6.5B	6.3B	6.1B	6.1B	6.2B	7.2B	6.9B	7.2B
Total debt	1.7B	4.1B	4.2B	4.6B	4.5B	4.3B	4.3B	4.8B	5B	5.3B
Net debt	1.7B	4.1B	4.2B	4.5B	4.1B	4.2B	4.2B	4.7B	5B	5.2B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Cash & short-term investments	39.8M	74.4M	85M	224.7M	73.8M	110M	56.3M	75.1M	150.7M	200.7M	104.7M	141.1M
Receivables	161.9M	165.1M	173.4M	171.4M	172.3M	179.2M	192.8M	189M	198.7M	198.7M	210.4M	208.3M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	249.2M	289.1M	325.1M	504.6M	332.7M	371M	333.7M	361.5M	447.8M	531.4M	411.3M	430M
Property, plant & equipment	308.7M	306.7M	334.7M	332.5M	329.7M	331.5M	330.2M	328.7M	327.9M	327.5M	328.5M	331.2M
Goodwill & intangibles	691.8M	924.8M	900.9M	867.8M	847.4M	818.5M	793.4M	796.5M	771.5M	843.4M	841.9M	823.2M
Total assets	10.8B	12.4B	12.4B	12.7B	12.4B	12.4B	12.4B	12.6B	12.7B	13.1B	13B	13B
Accounts payable	317.9M	360.1M	358.6M	344.6M	357.2M	389.1M	392.3M	341M	381.5M	396.8M	391.8M	200.9M
Short-term debt	—	77M	152M	30M	—	30M	65M	265M	30M	30M	120M	30M
Total current liabilities	317.9M	437.1M	510.6M	374.6M	357.2M	419.1M	457.3M	606M	411.5M	426.8M	511.8M	230.9M
Long-term debt	4.3B	4.6B	4.6B	5B	5B	5B	5B	5B	5.4B	5.5B	5.2B	5.6B
Total liabilities	4.7B	5.1B	5.2B	5.5B	5.4B	5.5B	5.5B	5.7B	5.9B	6B	5.8B	5.9B
Shareholders' equity	6.1B	7.2B	7.2B	7.2B	7B	6.9B	6.9B	6.9B	6.9B	7.1B	7.2B	7.2B
Total debt	4.3B	4.7B	4.8B	5.1B	5B	5B	5B	5.3B	5.4B	5.5B	5.3B	5.6B
Net debt	4.2B	4.6B	4.7B	4.8B	4.9B	4.9B	5B	5.2B	5.3B	5.3B	5.2B	5.5B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	167M	179M	252.3M	243.3M	47.3M	366.3M	488M	370.9M	409.8M	541M
Depreciation & amortization	158.4M	311.1M	326.4M	330.4M	305.4M	280.4M	298.7M	323.2M	372M	382.8M
Stock-based compensation	10.7M	20.5M	13.6M	14.3M	13.6M	12.5M	16.5M	20.1M	23.5M	19.5M
Change in working capital	-13.6M	-35.8M	-25.1M	-8M	6.1M	-20.7M	-46.7M	-17.2M	-26.8M	-40.8M
Operating cash flow	332.2M	474.6M	577.7M	584.3M	381.4M	642M	762.3M	705.1M	791.7M	827.7M
Capital expenditure	—	—	—	—	—	—	—	—	—	—
Investing cash flow	-35.5M	-677.7M	-60.2M	-62M	-50M	76.3M	14.7M	-76.2M	-46.9M	-8.3M
Dividends paid	-222.1M	-327.7M	-376M	-390.6M	-300.5M	-403.1M	-428.3M	-456.5M	-504M	-525.2M
Share repurchases	-8M	-343.6M	-220.6M	-39M	-5.5M	-4.1M	-81.9M	-36.9M	-219.6M	-8.8M
Financing cash flow	-256.3M	-186.1M	-998.5M	-1.1B	-1B	-921.5M	-571M	-760M	-493M	-347.8M
Net change in cash	40.4M	-389.2M	-481M	-531M	-709.2M	-203.1M	206.1M	-131.1M	251.7M	471.7M
Free cash flow	297.2M	469.8M	610.3M	621.3M	499.1M	659.4M	655.8M	719.6M	790.2M	827.7M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Net income	88.2M	92.2M	92M	112.7M	104.9M	103.6M	88.7M	111.9M	108.3M	112.6M	208.1M	132.8M
Depreciation & amortization	74.8M	79.8M	91.4M	92.3M	94.1M	95.8M	89.9M	90.6M	94.3M	97.6M	100.3M	101.4M
Stock-based compensation	4M	5.3M	5.9M	6.3M	6.2M	6.3M	4.7M	5M	4.9M	5M	4.6M	5.3M
Change in working capital	-1.1M	29.4M	-23.4M	-39.8M	2.7M	26.3M	-16M	-51.3M	27.2M	4.6M	-21.2M	-77.4M
Operating cash flow	167.4M	208.8M	169M	174.3M	211.4M	235.4M	170.6M	159.4M	244M	218.7M	203.9M	152.7M
Capital expenditure	—	—	—	—	—	—	—	—	—	—	—	—
Investing cash flow	3.2M	-82.3M	5.2M	-111.6M	82M	-2.9M	-14.4M	3.5M	-96.5M	46.8M	38M	18.2M
Dividends paid	-111.2M	-110.4M	-123.9M	-126.9M	-126.3M	-123.8M	-124.8M	-131.9M	-132.7M	-129.7M	-131.7M	-279.3M
Share repurchases	-565K	-22K	-9.2M	-8.7M	-200.1M	0	-10.8M	-6.8M	-2.1M	2M	-2.1M	-8.7M
Financing cash flow	-60.3M	-399.9M	-91.2M	-141.1M	-101.8M	-97.8M	-126.8M	35.8M	24.8M	-135.9M	-272.5M	-32.9M
Net change in cash	110.3M	-273.4M	83.1M	-78.5M	191.6M	134.8M	29.4M	198.6M	172.3M	129.6M	-30.5M	138.1M
Free cash flow	172.6M	213M	171.9M	167.8M	203.5M	227.6M	191.4M	161M	—	—	—	—

Regency Centers Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement