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Regency Centers Corp Stock Research

REG

55.94USD+0.78(+1.41%)Market Closed

Market Summary

USD55.94+0.78
Market Closed
1.41%

REG Alerts

REG Stock Price

REG RSI Chart

REG Valuation

Market Cap

10.0B

Price/Earnings (Trailing)

20.64

Price/Sales (Trailing)

8.14

EV/EBITDA

11.07

Price/Free Cashflow

15.2

REG Price/Sales (Trailing)

REG Profitability

EBT Margin

34.98%

Return on Equity

7.92%

Return on Assets

4.45%

Free Cashflow Yield

6.58%

REG Fundamentals

REG Revenue

Revenue (TTM)

1.2B

Revenue Y/Y

4.79%

Revenue Q/Q

1.1%

REG Earnings

Earnings (TTM)

384.9M

Earnings Y/Y

-50.17%

Earnings Q/Q

2.12%

Price Action

52 Week Range

51.9768.59
(Low)(High)

Last 7 days

-2.9%

Last 30 days

-5.9%

Last 90 days

-11.4%

Trailing 12 Months

-15.8%

REG Financial Health

Debt/Equity

0.61

Debt/Cashflow

0.18

REG Investor Care

Dividend Yield

4.56%

Dividend/Share (TTM)

2.55

Buy Backs (1Y)

0.05%

Peers (Alternatives to Regency Centers)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
50.3B
4.3B
-0.67% -7.84%
11.56
11.69
18.80% 113.99%
28.8B
4.9B
1.25% -24.57%
77.2
5.88
9.82% -73.28%
22.6B
2.0B
-1.01% -20.50%
24.61
11.43
-20.93% -31.79%
19.1B
2.7B
-6.88% -30.41%
25.48
7.14
18.91% 81.13%
13.2B
1.7B
-4.07% -25.83%
104.43
7.61
15.49% -81.09%
MID-CAP
7.1B
1.1B
-8.04% -21.25%
18.25
6.51
10.19% 46.60%
4.3B
814.4M
-2.26% -4.29%
465.69
5.23
63.41% 107.43%
2.6B
1.8B
-10.72% -60.29%
-6.95
1.42
9.23% -286.27%
2.0B
857.9M
-0.32% -17.87%
-23.05
2.35
-1.75% -315.36%
SMALL-CAP
2.1B
421.5M
12.31% 19.76%
23.93
5.05
1.34% 437.34%
1.4B
862.4M
-3.29% -61.71%
-11.46
1.67
7.01% -127.00%
1.2B
184.6M
6.32% 29.74%
12.67
6.33
2.55% 1950.56%
923.1M
745.2M
2.66% -52.44%
-24.26
1.24
2.17% -183.81%

Financials for Regency Centers

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue1.2%1,2391,2241,2061,2101,195
Operating Expenses2.0%767752736721715
  S&GA Expenses8.1%86.0080.0077.0074.0076.00
EBITDA4.9%894852874882-
EBITDA Margin3.4%0.73*0.71*0.72*0.74*-
Earnings Before Taxes-22.8%331428392419433
EBT Margin7.7%0.35*0.32*0.35*0.36*-
Interest Expenses-0.2%146146146146145
Net Income-20.3%385483455485476
Net Income Margin4.5%0.39*0.38*0.40*0.40*-
Free Cahsflow-3.4%656679662663-
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets-0.5%10,80610,86010,89910,90210,840
    Cash Equivalents-0.9%68.0069.00155121179
  Net PPE-6.0%6.006.005.00--
  Goodwill0%167167167--
Liabilities-0.3%4,6664,6824,7004,6964,634
  Long Term Debt-0.2%3,7293,7373,717--
Shareholder's Equity0.7%6,1396,0976,1166,2066,206
  Additional Paid-In Capital-0.3%7,8567,8777,8797,8747,883
Minority Interest1.3%82.0081.0083.0081.0073.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations2.9%675656679662663
  Share Based Compensation3.9%17.0017.0016.0015.0014.00
Cashflow From Investing-47.3%-303-206-396-424-234
Cashflow From Financing-1.3%-482-475-490-402-388
  Dividend Payments1.0%432428423416409
  Buy Backs-168.8%-51.8975.00-143-301-

Risks for REG

What is the probability of a big loss on REG?

46.9%


Probability that Regency Centers stock will be more than 20% underwater in next one year

24.2%


Probability that Regency Centers stock will be more than 30% underwater in next one year.

19.6%


Probability that Regency Centers stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does REG drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Regency Centers was unfortunately bought at previous high price.

Drawdowns

Returns for REG

Cumulative Returns on REG

3.8%


10-Year Cumulative Returns

-1.3%


7-Year Cumulative Returns

2.6%


5-Year Cumulative Returns

10.5%


3-Year Cumulative Returns

What are the long-term rolling returns for REG?

FIve years rolling returns for Regency Centers.

Annualized Returns

Which funds bought or sold REG recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-05-23
Toroso Investments, LLC
new
-
450,000
450,000
0.01%
2023-05-22
AMERIPRISE FINANCIAL INC
added
7.68
577,188
11,334,200
-%
2023-05-22
PUTNAM INVESTMENTS LLC
new
-
2,863,160
2,863,160
-%
2023-05-22
FDx Advisors, Inc.
unchanged
-
-
283,000
0.01%
2023-05-18
NEW YORK STATE COMMON RETIREMENT FUND
reduced
-2.21
-569,000
12,736,000
0.02%
2023-05-18
SkyView Investment Advisors, LLC
new
-
-
-
-%
2023-05-18
Harvest Portfolios Group Inc.
added
2.78
1,883
312,446
0.01%
2023-05-18
JPMORGAN CHASE & CO
added
0.21
-3,277,160
168,245,000
0.02%
2023-05-17
VIRGINIA RETIREMENT SYSTEMS ET AL
added
6.63
2,893,260
15,068,800
0.16%
2023-05-17
Advisory Services Network, LLC
reduced
-94.42
-523,215
30,223
-%

1–10 of 49

Latest Funds Activity

Are funds buying REG calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own REG
No. of Funds

Regency Centers News

Benzinga
Michael Mueller's Stock Ratings - JP Morgan Analyst.
Benzinga,
2 days ago
DirectorsTalk Interviews

Schedule 13G FIlings of Regency Centers

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
15.63%
26,754,195
SC 13G/A
Feb 07, 2023
state street corp
7.17%
12,265,423
SC 13G/A
Jan 23, 2023
blackrock inc.
10.0%
17,145,978
SC 13G/A
Feb 11, 2022
capital world investors
10.4%
17,851,008
SC 13G/A
Feb 11, 2022
state street corp
6.46%
11,060,758
SC 13G/A
Feb 10, 2022
vanguard group inc
15.26%
26,126,855
SC 13G/A
Jan 27, 2022
blackrock inc.
10.3%
17,670,922
SC 13G/A
Jan 26, 2022
blackrock inc.
10.3%
17,670,922
SC 13G/A
Dec 10, 2021
capital world investors
10.4%
17,851,343
SC 13G
Feb 16, 2021
cohen & steers, inc.
0.01%
16,012
SC 13G/A

REG Fair Value

Recent SEC filings of Regency Centers

View All Filings
Date Filed Form Type Document
May 25, 2023
8-K
Current Report
May 18, 2023
425
Prospectus Filed
May 18, 2023
425
Prospectus Filed
May 18, 2023
425
Prospectus Filed
May 18, 2023
425
Prospectus Filed
May 18, 2023
8-K
Current Report
May 18, 2023
8-K
Current Report
May 11, 2023
8-K
Current Report
May 10, 2023
4
Insider Trading
May 05, 2023
4
Insider Trading

Latest Insider Trading transactions for REG

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-05-04
Klein Karin
acquired
-
-
397
-
2023-05-04
LINNEMAN PETER
acquired
-
-
397
-
2023-05-04
Evens Deirdre
acquired
-
-
457
-
2023-05-04
BLANKENSHIP C RONALD
acquired
-
-
556
-
2023-05-03
Simmons James H. III
acquired
-
-
1,896
-
2023-05-03
Klein Karin
acquired
-
-
1,896
-
2023-05-03
WATTLES THOMAS G
acquired
-
-
1,896
-
2023-05-03
BLAIR BRYCE
acquired
-
-
1,896
-
2023-05-03
LINNEMAN PETER
acquired
-
-
1,896
-
2023-05-03
FURPHY THOMAS W
acquired
-
-
1,896
-

1–10 of 50

Lisa Palmer
430
Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers. Operating as a fully integrated real estate company, Regency Centers is a qualified real estate investment trust (REIT) that is self-administered, self-managed, and an S&P 500 Index member.

REG Income Statement

2023-03-31
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:  
Lease income$ 308,801$ 293,645
Other property income3,1383,104
Management, transaction, and other fees6,0386,684
Total revenues317,977303,433
Operating expenses:  
Depreciation and amortization82,70777,842
Property operating expense51,02246,461
Real estate taxes38,47736,869
General and administrative25,28018,792
Other operating (income) expenses(497)2,173
Total operating expenses196,989182,137
Other expense (income):  
Interest expense, net36,39336,738
Gain on sale of real estate, net of tax(250)(101,948)
Net investment (income) loss(1,727)2,494
Total other expense (income)34,416(62,716)
Income from operations before equity in income of investments in real estate partnerships86,572184,012
Equity in income of investments in real estate partnerships11,91612,804
Net income98,488196,816
Noncontrolling interests:  
Exchangeable operating partnership units(420)(863)
Limited partners' interests in consolidated partnerships(787)(725)
Income attributable to noncontrolling interests(1,207)(1,588)
Net income attributable to common shareholders$ 97,281$ 195,228
Income per common share - basic$ 0.57$ 1.14
Income per common share - diluted$ 0.57$ 1.14
Partnership Interest [Member]  
Revenues:  
Lease income$ 308,801$ 293,645
Other property income3,1383,104
Management, transaction, and other fees6,0386,684
Total revenues317,977303,433
Operating expenses:  
Depreciation and amortization82,70777,842
Property operating expense51,02246,461
Real estate taxes38,47736,869
General and administrative25,28018,792
Other operating (income) expenses(497)2,173
Total operating expenses196,989182,137
Other expense (income):  
Interest expense, net36,39336,738
Gain on sale of real estate, net of tax(250)(101,948)
Net investment (income) loss(1,727)2,494
Total other expense (income)34,416(62,716)
Income from operations before equity in income of investments in real estate partnerships86,572184,012
Equity in income of investments in real estate partnerships11,91612,804
Net income98,488196,816
Noncontrolling interests:  
Limited partners' interests in consolidated partnerships(787)(725)
Income attributable to noncontrolling interests(787)(725)
Net income attributable to common unit holders$ 97,701$ 196,091
Income per common share - basic$ 0.57$ 1.14
Income per common share - diluted$ 0.57$ 1.14

REG Balance Sheet

2023-03-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Net real estate investments:  
Real estate assets, at cost$ 11,886,697$ 11,858,064
Less: accumulated depreciation2,484,9602,415,860
Real estate assets, net9,401,7379,442,204
Investments in real estate partnerships346,390350,377
Net real estate investments9,748,1279,792,581
Cash, cash equivalents, and restricted cash, including $2,955 and $2,310 of restricted cash at March 31, 2023 and December 31, 2022, respectively68,14368,776
Tenant and other receivables181,579188,863
Deferred leasing costs, less accumulated amortization of $118,766 and $117,137 at March 31, 2023 and December 31,2022, respectively68,56768,945
Acquired lease intangible assets, less accumulated amortization of $344,460 and $338,053 at March 31, 2023 and December 31, 2022 respectively188,636197,745
Right of use assets, net273,702275,513
Other assets276,926267,797
Total assets10,805,68010,860,220
Liabilities:  
Notes payable3,711,7843,726,754
Unsecured credit facility30,000 
Accounts payable and other liabilities289,297317,259
Acquired lease intangible liabilities, less accumulated amortization of $199,840 and $193,315 at March 31, 2023 and December 31, 2022, respectively346,939354,204
Lease liabilities212,582213,722
Tenants' security, escrow deposits and prepaid rent75,64370,242
Total liabilities4,666,2454,682,181
Commitments and contingencies
Shareholders' equity/Partners' capital:  
Common stock, $0.01 par value per share, 220,000,000 shares authorized; 170,958,422 and 171,124,593 shares issued at March 31, 2023 and December 31, 2022, respectively1,7101,711
Treasury stock at cost, 483,782 and 465,415 shares held at March 31, 2023 and December 31, 2022, respectively(25,699)(24,461)
Additional paid-in-capital7,856,4267,877,152
Accumulated other comprehensive income3,9277,560
Distributions in excess of net income(1,779,043)(1,764,977)
Total shareholders' equity6,057,3216,096,985
Noncontrolling interests:  
Exchangeable operating partnership units, aggregate redemption value of $45,361 and $46,340 at March 31, 2023 and December 31, 2022, respectively34,41134,489
Limited partners' interests in consolidated partnerships47,70346,565
Total noncontrolling interests82,11481,054
Total equity6,139,4356,178,039
Total liabilities and equity10,805,68010,860,220
Partnership Interest [Member]  
Net real estate investments:  
Real estate assets, at cost11,886,69711,858,064
Less: accumulated depreciation2,484,9602,415,860
Real estate assets, net9,401,7379,442,204
Investments in real estate partnerships346,390350,377
Net real estate investments9,748,1279,792,581
Cash, cash equivalents, and restricted cash, including $2,955 and $2,310 of restricted cash at March 31, 2023 and December 31, 2022, respectively68,14368,776
Tenant and other receivables181,579188,863
Deferred leasing costs, less accumulated amortization of $118,766 and $117,137 at March 31, 2023 and December 31,2022, respectively68,56768,945
Acquired lease intangible assets, less accumulated amortization of $344,460 and $338,053 at March 31, 2023 and December 31, 2022 respectively188,636197,745
Right of use assets, net273,702275,513
Other assets276,926267,797
Total assets10,805,68010,860,220
Liabilities:  
Notes payable3,711,7843,726,754
Unsecured credit facility30,000 
Accounts payable and other liabilities289,297317,259
Acquired lease intangible liabilities, less accumulated amortization of $199,840 and $193,315 at March 31, 2023 and December 31, 2022, respectively346,939354,204
Lease liabilities212,582213,722
Tenants' security, escrow deposits and prepaid rent75,64370,242
Total liabilities4,666,2454,682,181
Commitments and contingencies
Shareholders' equity/Partners' capital:  
General partner; 170,958,422 and 171,124,593 units outstanding at March 31, 2023 and December 31, 2022, respectively6,053,3946,089,425
Limited partners; 741,433 units outstanding at March 31, 2023 and December 31, 202234,41134,489
Accumulated other comprehensive income3,9277,560
Total partners' capital6,091,7326,131,474
Noncontrolling interests:  
Limited partners' interests in consolidated partnerships47,70346,565
Total capital6,139,4356,178,039
Total liabilities and equity$ 10,805,680$ 10,860,220