Regency Centers is one of the largest shopping center-focused retail REITs. The company's portfolio includes an interest in 482 properties, which includes over 58 million square feet of retail space following the completion of the Urstadt Biddle acquisition in August 2023.
It is a $13.2B real estate company. Revenue grew 42.6% over the last year, it keeps 34¢ of every dollar of sales as profit, and its net debt equals ~5.7 years of free cash flow. It trades at 23.7× earnings — near the lowest of its own history.
- Website
- regencycenters.com
- Location
- Jacksonville, FL
- Employees
- 507
- Sector
- Real Estate
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Growth, Health, Quality and Moat lag behind.
Valuation69
- P/E vs own history8th pct · 25/25
- FCF yield6.5% · 20/25
- P/S8.2x · 12/25
- EV/EBITDA17.5x · 12/25
Growth36
- Revenue CAGR7.4% · 12/25
- Net income CAGR9.9% · 12/25
- EPS CAGR ~5Y8.1% · 12/25
- Fwd implied growth-18.5% · 0/25
Profitability67
- ROIC4.5% · 5/25
- ROE8.1% · 12/25
- Net margin34.4% · 25/25
- Operating margin36.9% · 25/25
Health29
- Altman Zn/a · 0/25
- Current ratio0.71 · 6/25
- Interest coverage9.7x · 18/25
- Net cash / debtD/A 37% · 5/25
Quality40
- Piotroski F6/9 · 15/25
- Beneish M-2.53 · 25/25
- FCF conversionn/a · 0/25
- Margin stabilityn/a · 0/25
Moat25
- ROIC >12% yearsn/a · 0/25
- Median gross marginn/a · 0/25
- FCF-positive yearsn/a · 0/25
- Worst-year net marginworst 21.1% · 25/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2025FinancialBest year on record$527M net income
- FY2019FinancialRevenue crossed $1B$1.13B for the year
- FY2019FinancialPositive free cash flow every year since6-year streak
- FY2016FinancialProfitable every year on record7 consecutive profitable years in our data
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (70.3%)
- Strongly profitable — 34.4% net margin
- Revenue growing 42.6% year over year
- Strong cash conversion — FCF is 53.0% of revenue
- Interest covered 9.7× by operating earnings
Watch-outs
- Net debt equals ~5.7 years of free cash flow
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+42.6% YoY
- Profitable — makes more than it spends$556M TTM
- Profit growing — earnings are higher than last year+1.0% YoY
- Generates cash — cash left after running and investing$857M TTM
- Debt under control — could handle its obligations~5.7y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$13.2B market cap
- Not printing shares — share count not ballooning — you keep your slice+6.9% shares over ~5y
- Proven track record — years of profitability behind it7/9 profitable years
- Financially stable — balance sheet not near distresshealth score 24/100
- Pays a dividend — returns cash to shareholdersyield 4.14%
- Valuation not extreme — price not wildly above earningsP/E 23.7
Peer comparisonRegency Centers Corporation vs 6 largest real estate peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| REG this company | $13.2B | 23.7 | +42.6% | 34.4% | Strained |
| WELL Welltower Inc. | $162.5B | 108.1 | +37.6% | 12.1% | Strained |
| PLD Prologis, Inc. | $123.1B | 29.8 | +7.3% | 45.8% | Strained |
| EQIX Equinix, Inc. | $101.2B | 66.0 | +9.6% | 15.6% | Strained |
| AMT American Tower Corporation | $84.5B | 25.0 | +14.2% | 31.1% | Strained |
| DLR Digital Realty Trust, Inc. | $66.6B | 83.0 | +17.4% | 11.8% | Strained |
| SPG Simon Property Group, Inc. | $64.7B | 14.0 | +15.0% | 66.5% | Strained |
Head-to-head: REG vs WELL · REG vs PLD · REG vs EQIX
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/REG
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of REG on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $72.05 · market cap $13.2B.