Market Summary
USD55.94+0.78
Market Closed1.41%
REG Alerts
REG Stock Price
REG RSI Chart
REG Valuation
REG Price/Sales (Trailing)
REG Profitability
REG Fundamentals
REG Revenue
REG Earnings
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
REG Investor Care
Peers (Alternatives to Regency Centers)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
PSA | 50.3B | 4.3B | -0.67% | -7.84% | 11.56 | 11.69 | 18.80% | 113.99% |
DLR | 28.8B | 4.9B | 1.25% | -24.57% | 77.2 | 5.88 | 9.82% | -73.28% |
EQR | 22.6B | 2.0B | -1.01% | -20.50% | 24.61 | 11.43 | -20.93% | -31.79% |
ARE | 19.1B | 2.7B | -6.88% | -30.41% | 25.48 | 7.14 | 18.91% | 81.13% |
KIM | 13.2B | 1.7B | -4.07% | -25.83% | 104.43 | 7.61 | 15.49% | -81.09% |
| MID-CAP | ||||||||
FRT | 7.1B | 1.1B | -8.04% | -21.25% | 18.25 | 6.51 | 10.19% | 46.60% |
KRG | 4.3B | 814.4M | -2.26% | -4.29% | 465.69 | 5.23 | 63.41% | 107.43% |
VNO | 2.6B | 1.8B | -10.72% | -60.29% | -6.95 | 1.42 | 9.23% | -286.27% |
MAC | 2.0B | 857.9M | -0.32% | -17.87% | -23.05 | 2.35 | -1.75% | -315.36% |
| SMALL-CAP | ||||||||
SKT | 2.1B | 421.5M | 12.31% | 19.76% | 23.93 | 5.05 | 1.34% | 437.34% |
SLG | 1.4B | 862.4M | -3.29% | -61.71% | -11.46 | 1.67 | 7.01% | -127.00% |
AIV | 1.2B | 184.6M | 6.32% | 29.74% | 12.67 | 6.33 | 2.55% | 1950.56% |
PGRE | 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) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Revenue | 1.2% | 1,239 | 1,224 | 1,206 | 1,210 | 1,195 |
| Operating Expenses | 2.0% | 767 | 752 | 736 | 721 | 715 |
| S&GA Expenses | 8.1% | 86.00 | 80.00 | 77.00 | 74.00 | 76.00 |
| EBITDA | 4.9% | 894 | 852 | 874 | 882 | - |
| EBITDA Margin | 3.4% | 0.73* | 0.71* | 0.72* | 0.74* | - |
| Earnings Before Taxes | -22.8% | 331 | 428 | 392 | 419 | 433 |
| EBT Margin | 7.7% | 0.35* | 0.32* | 0.35* | 0.36* | - |
| Interest Expenses | -0.2% | 146 | 146 | 146 | 146 | 145 |
| Net Income | -20.3% | 385 | 483 | 455 | 485 | 476 |
| Net Income Margin | 4.5% | 0.39* | 0.38* | 0.40* | 0.40* | - |
| Free Cahsflow | -3.4% | 656 | 679 | 662 | 663 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Assets | -0.5% | 10,806 | 10,860 | 10,899 | 10,902 | 10,840 |
| Cash Equivalents | -0.9% | 68.00 | 69.00 | 155 | 121 | 179 |
| Net PPE | -6.0% | 6.00 | 6.00 | 5.00 | - | - |
| Goodwill | 0% | 167 | 167 | 167 | - | - |
| Liabilities | -0.3% | 4,666 | 4,682 | 4,700 | 4,696 | 4,634 |
| Long Term Debt | -0.2% | 3,729 | 3,737 | 3,717 | - | - |
| Shareholder's Equity | 0.7% | 6,139 | 6,097 | 6,116 | 6,206 | 6,206 |
| Additional Paid-In Capital | -0.3% | 7,856 | 7,877 | 7,879 | 7,874 | 7,883 |
| Minority Interest | 1.3% | 82.00 | 81.00 | 83.00 | 81.00 | 73.00 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Cashflow From Operations | 2.9% | 675 | 656 | 679 | 662 | 663 |
| Share Based Compensation | 3.9% | 17.00 | 17.00 | 16.00 | 15.00 | 14.00 |
| Cashflow From Investing | -47.3% | -303 | -206 | -396 | -424 | -234 |
| Cashflow From Financing | -1.3% | -482 | -475 | -490 | -402 | -388 |
| Dividend Payments | 1.0% | 432 | 428 | 423 | 416 | 409 |
| Buy Backs | -168.8% | -51.89 | 75.00 | -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 ascending | Fund Name | Type | % 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 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
REG Alerts
Regency Centers News
Schedule 13G FIlings of Regency Centers
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form 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 ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
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 | - |
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
2023-03-31Consolidated 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 income | 3,138 | 3,104 |
| Management, transaction, and other fees | 6,038 | 6,684 |
| Total revenues | 317,977 | 303,433 |
| Operating expenses: | ||
| Depreciation and amortization | 82,707 | 77,842 |
| Property operating expense | 51,022 | 46,461 |
| Real estate taxes | 38,477 | 36,869 |
| General and administrative | 25,280 | 18,792 |
| Other operating (income) expenses | (497) | 2,173 |
| Total operating expenses | 196,989 | 182,137 |
| Other expense (income): | ||
| Interest expense, net | 36,393 | 36,738 |
| 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 partnerships | 86,572 | 184,012 |
| Equity in income of investments in real estate partnerships | 11,916 | 12,804 |
| Net income | 98,488 | 196,816 |
| 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 income | 3,138 | 3,104 |
| Management, transaction, and other fees | 6,038 | 6,684 |
| Total revenues | 317,977 | 303,433 |
| Operating expenses: | ||
| Depreciation and amortization | 82,707 | 77,842 |
| Property operating expense | 51,022 | 46,461 |
| Real estate taxes | 38,477 | 36,869 |
| General and administrative | 25,280 | 18,792 |
| Other operating (income) expenses | (497) | 2,173 |
| Total operating expenses | 196,989 | 182,137 |
| Other expense (income): | ||
| Interest expense, net | 36,393 | 36,738 |
| 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 partnerships | 86,572 | 184,012 |
| Equity in income of investments in real estate partnerships | 11,916 | 12,804 |
| Net income | 98,488 | 196,816 |
| 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
2023-03-31Consolidated 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 depreciation | 2,484,960 | 2,415,860 |
| Real estate assets, net | 9,401,737 | 9,442,204 |
| Investments in real estate partnerships | 346,390 | 350,377 |
| Net real estate investments | 9,748,127 | 9,792,581 |
| Cash, cash equivalents, and restricted cash, including $2,955 and $2,310 of restricted cash at March 31, 2023 and December 31, 2022, respectively | 68,143 | 68,776 |
| Tenant and other receivables | 181,579 | 188,863 |
| Deferred leasing costs, less accumulated amortization of $118,766 and $117,137 at March 31, 2023 and December 31,2022, respectively | 68,567 | 68,945 |
| Acquired lease intangible assets, less accumulated amortization of $344,460 and $338,053 at March 31, 2023 and December 31, 2022 respectively | 188,636 | 197,745 |
| Right of use assets, net | 273,702 | 275,513 |
| Other assets | 276,926 | 267,797 |
| Total assets | 10,805,680 | 10,860,220 |
| Liabilities: | ||
| Notes payable | 3,711,784 | 3,726,754 |
| Unsecured credit facility | 30,000 | |
| Accounts payable and other liabilities | 289,297 | 317,259 |
| Acquired lease intangible liabilities, less accumulated amortization of $199,840 and $193,315 at March 31, 2023 and December 31, 2022, respectively | 346,939 | 354,204 |
| Lease liabilities | 212,582 | 213,722 |
| Tenants' security, escrow deposits and prepaid rent | 75,643 | 70,242 |
| Total liabilities | 4,666,245 | 4,682,181 |
| 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, respectively | 1,710 | 1,711 |
| 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-capital | 7,856,426 | 7,877,152 |
| Accumulated other comprehensive income | 3,927 | 7,560 |
| Distributions in excess of net income | (1,779,043) | (1,764,977) |
| Total shareholders' equity | 6,057,321 | 6,096,985 |
| Noncontrolling interests: | ||
| Exchangeable operating partnership units, aggregate redemption value of $45,361 and $46,340 at March 31, 2023 and December 31, 2022, respectively | 34,411 | 34,489 |
| Limited partners' interests in consolidated partnerships | 47,703 | 46,565 |
| Total noncontrolling interests | 82,114 | 81,054 |
| Total equity | 6,139,435 | 6,178,039 |
| Total liabilities and equity | 10,805,680 | 10,860,220 |
| Partnership Interest [Member] | ||
| Net real estate investments: | ||
| Real estate assets, at cost | 11,886,697 | 11,858,064 |
| Less: accumulated depreciation | 2,484,960 | 2,415,860 |
| Real estate assets, net | 9,401,737 | 9,442,204 |
| Investments in real estate partnerships | 346,390 | 350,377 |
| Net real estate investments | 9,748,127 | 9,792,581 |
| Cash, cash equivalents, and restricted cash, including $2,955 and $2,310 of restricted cash at March 31, 2023 and December 31, 2022, respectively | 68,143 | 68,776 |
| Tenant and other receivables | 181,579 | 188,863 |
| Deferred leasing costs, less accumulated amortization of $118,766 and $117,137 at March 31, 2023 and December 31,2022, respectively | 68,567 | 68,945 |
| Acquired lease intangible assets, less accumulated amortization of $344,460 and $338,053 at March 31, 2023 and December 31, 2022 respectively | 188,636 | 197,745 |
| Right of use assets, net | 273,702 | 275,513 |
| Other assets | 276,926 | 267,797 |
| Total assets | 10,805,680 | 10,860,220 |
| Liabilities: | ||
| Notes payable | 3,711,784 | 3,726,754 |
| Unsecured credit facility | 30,000 | |
| Accounts payable and other liabilities | 289,297 | 317,259 |
| Acquired lease intangible liabilities, less accumulated amortization of $199,840 and $193,315 at March 31, 2023 and December 31, 2022, respectively | 346,939 | 354,204 |
| Lease liabilities | 212,582 | 213,722 |
| Tenants' security, escrow deposits and prepaid rent | 75,643 | 70,242 |
| Total liabilities | 4,666,245 | 4,682,181 |
| 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, respectively | 6,053,394 | 6,089,425 |
| Limited partners; 741,433 units outstanding at March 31, 2023 and December 31, 2022 | 34,411 | 34,489 |
| Accumulated other comprehensive income | 3,927 | 7,560 |
| Total partners' capital | 6,091,732 | 6,131,474 |
| Noncontrolling interests: | ||
| Limited partners' interests in consolidated partnerships | 47,703 | 46,565 |
| Total capital | 6,139,435 | 6,178,039 |
| Total liabilities and equity | $ 10,805,680 | $ 10,860,220 |