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REG

Regency Centers Corporation

REG

Regency Centers Corporation • NASDAQ
$71.16 ▼ -0.14% (-0.10)
Market Cap $12.92 B
52w High $78.18
52w Low $63.44
Dividend Yield 2.82%
P/E 32.64
Volume 576.63K
Outstanding Shares 181.58M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $386.982M ▼ $30.808M ▲ $109.373M ▲ 28.263% ▲ $0.58 ▲ $215.416M ▼
Q2-2025 $394.607M ▼ $25.48M ▲ $106.021M ▼ 26.867% ▼ $0.57 ▼ $253.725M ▲
Q1-2025 $395.407M ▲ $21.6M ▼ $109.587M ▲ 27.715% ▲ $0.59 ▲ $251.085M ▲
Q4-2024 $384.16M ▲ $26.022M ▲ $86.477M ▼ 22.511% ▼ $0.46 ▼ $241.565M ▲
Q3-2024 $373.754M $25.073M $101.469M 27.149% $0.54 $233.631M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $200.688M ▲ $13.059B ▲ $5.999B ▲ $6.797B ▲
Q2-2025 $150.686M ▲ $12.73B ▲ $5.874B ▲ $6.678B ▼
Q1-2025 $75.093M ▲ $12.56B ▲ $5.684B ▲ $6.7B ▼
Q4-2024 $56.283M ▼ $12.392B ▼ $5.492B ▲ $6.724B ▼
Q3-2024 $110.009M $12.427B $5.482B $6.767B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $112.617M ▲ $218.665M ▼ $-32.018M ▲ $-135.871M ▼ $50.776M ▼ $218.665M ▼
Q2-2025 $108.349M ▼ $244.048M ▲ $-192.545M ▼ $24.779M ▼ $76.282M ▲ $244.048M ▲
Q1-2025 $109.587M ▲ $161.031M ▼ $-180.148M ▼ $35.77M ▲ $16.653M ▲ $161.031M ▼
Q4-2024 $88.677M ▼ $191.385M ▼ $-117.573M ▼ $-126.759M ▼ $-52.947M ▼ $191.385M ▼
Q3-2024 $103.576M $227.599M $-94.928M $-97.763M $34.908M $227.599M

Five-Year Company Overview

Income Statement

Income Statement Regency’s income statement shows a steady, healthy climb in revenue over the past five years, with only modest bumps along the way. Core property earnings have grown in a fairly consistent way, suggesting good leasing performance and solid rent collections. Profitability at the operating level has been strong and quite stable, which is important for a REIT. Net income has been more uneven, with one standout year and a very weak pandemic year, but the overall direction is positive. Earnings per share follow the same story: generally moving up, with some noise along the way, but no sign of structural deterioration in the business economics. Overall, the income statement reflects a mature, necessity‑based retail portfolio that is growing steadily rather than rapidly, with profitability that appears well under control.

Balance Sheet

Balance Sheet Regency’s balance sheet looks like what you would expect from a large, established shopping‑center REIT: a sizeable, relatively stable asset base funded by a mix of equity and long‑term debt. Total assets have edged higher over time, suggesting measured growth through development and acquisitions. Debt has also crept up but not in a way that looks excessive compared with the size of the portfolio. Equity has increased over the period, which points to retained value creation for shareholders. Cash on hand is kept low, which is typical for REITs that prefer to deploy capital into properties and rely on credit facilities and capital markets for liquidity. The overall impression is of a conservative, investment‑grade balance sheet that supports continued development while maintaining financial flexibility, though it remains exposed to interest‑rate and refinancing conditions like most real estate owners.

Cash Flow

Cash Flow Cash generation from Regency’s core operations has strengthened over the five‑year period. Operating cash flow has moved steadily higher, which lines up nicely with the growth in rental income and stable occupancy. Free cash flow has generally tracked operating cash flow, even in years with heavier investment activity. Capital spending has been lumpy, reflecting the timing of development and redevelopment projects rather than ongoing maintenance alone. Importantly, the company appears able to fund its investments largely from internally generated cash, supplemented as needed by external capital. For a REIT, this pattern of rising operating cash flow and resilient free cash flow is a positive sign. It supports the ability to service debt, pay distributions, and continue disciplined investment, as long as tenant health and leasing conditions remain favorable.

Competitive Edge

Competitive Edge Regency’s competitive position is built around necessity‑based, grocery‑anchored shopping centers in affluent suburban neighborhoods. This focus gives it a built‑in resilience: shoppers still need groceries and everyday services even when economic conditions are soft, which helps stabilize traffic and tenant sales. Location quality is a major strength. By concentrating in strong demographic areas with high incomes and steady population density, Regency attracts both national chains and desirable local tenants. A well‑curated mix of stores and restaurants, backed by deep relationships with top grocers, helps keep centers relevant and occupied. The company’s in‑house development and redevelopment capabilities add another layer to its moat. It can upgrade existing centers, add new uses, and reshape older properties rather than relying solely on acquisitions. Combined with a disciplined, investment‑grade balance sheet, this positions Regency favorably versus many smaller or more leveraged retail landlords. Key risks remain: ongoing pressure from e‑commerce on certain retail categories, the financial health of tenants, and the impact of interest rates on both property values and financing costs. Still, the grocery‑anchored, community‑centered strategy helps mitigate some of these threats.

Innovation and R&D

Innovation and R&D While not a technology company, Regency has leaned into innovation in a way that fits its retail real estate model. On the sustainability front, it has made environmental leadership part of its brand: energy‑efficient buildings, green leasing practices, and on‑site electric vehicle charging help differentiate its centers and appeal to both tenants and consumers who care about ESG. Recognition through top‑tier green leasing awards suggests these efforts are more than marketing. Regency is also experimenting with proptech, such as using digital platforms to simplify short‑term leasing. This can help fill spaces faster, attract emerging brands, and keep occupancy high. The broader “Fresh Look” program—focused on curated merchandising, attractive placemaking, and deep community engagement—acts as a kind of soft R&D: testing new tenant mixes, design concepts, and event programming to keep centers vibrant. Innovation here is incremental rather than disruptive. The main watchpoints are execution quality, the pace of tech adoption beyond pilots, and ensuring that sustainability and placemaking investments translate into stronger tenant demand and rent growth over time.

Summary

Regency Centers presents as a stable, steadily growing retail REIT centered on grocery‑anchored shopping centers in strong suburban markets. Its income statement shows consistent revenue and operating profit growth, with occasional swings in bottom‑line earnings but no sign of structural weakness. The balance sheet is characteristic of a disciplined, investment‑grade owner: sizable but manageable leverage, growing equity, and a long‑term asset base. Cash flows from operations have strengthened over time and largely support both investment and shareholder returns, with capital spending fluctuating as projects ramp up or wind down. Competitively, Regency benefits from necessity‑based tenants, prime locations, and in‑house development skills, which together create a durable moat. Its innovation focus—on sustainability, community‑oriented design, curated tenant mixes, and selective proptech—seeks to keep centers relevant in a changing retail landscape. Main uncertainties revolve around macro factors like interest rates, consumer spending, and tenant health, as well as the pace at which experiential and digital elements reshape brick‑and‑mortar retail. Within that context, Regency appears positioned as a cautious, quality‑oriented operator with a long‑term, value‑creation mindset rather than a high‑growth or high‑risk profile.

NEWS

October 28, 2025 · 4:15 PM UTC

Regency Centers Reports Third Quarter 2025 Results and Increases Common Stock Dividend

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September 30, 2025 · 4:15 PM UTC

Regency Centers Invites You to Join Its Third Quarter 2025 Earnings Conference Call

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September 2, 2025 · 8:15 AM UTC

Regency Centers to Present at the BofA Securities 2025 Global Real Estate Conference

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