REGRegency Centers
Regency Centers Corporation is a fully integrated real estate company and self-administered and self-managed real estate investment trust that began its operations as a publicly-traded REIT in 1993. 10-K, Item 1
- Headquarters
- Jacksonville, FL
- Next results
- around Feb 4, 2027
All key numbers (31) From EDGAR
| EPS (ttm) | - | Sales (ttm) | 1.6B | Net income (ttm) | 546.4M | Sales growth | +6.9% | EPS growth | - | Sales Q/Q | +8.3% |
| Free cash flow | - | Gross margin | - | Oper. margin | 72.3% | Net margin | 34.5% | FCF margin | - | ROE | 7.9% |
| ROA | 4.2% | R&D / sales | - | Dividend | 2.87 | Debt/Eq | 0.73 | Curr. ratio | - | Cash | 145.6M |
| Op. cash flow (ttm) | 819.4M | EBITDA | 1.5B | EBITDA margin | 98.4% | Net debt | 4.9B | Interest cover | 6.27 | Stock pay / sales | 1.3% |
| Shares out. | 183.1M | Book / share | 37.65 | Cash / share | 0.79 | Sales / share | 8.66 | Asset turnover | 0.12 | Sales 3Y CAGR | +8.3% |
| Sales 5Y CAGR | +8.9% |
Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.
REG against Real estate peers
Ten years, side by side → · All 30 →Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How
Every dot is one of the 30 companies, the better end on the right. Hover a dot for the company.
| Company | Revenue (ttm) | Sales growth | Gross margin | Net margin | ROE | FCF margin | Debt / equity |
|---|---|---|---|---|---|---|---|
| REG Regency Centers | $1.6B | +6.9% | - | 34.5% | 7.9% | - | 0.73 |
| KIM Kimco Realty | $2.2B | +5.1% | - | 27.8% | 5.9% | 53.1% | 0.75 |
| ESS Essex Property Trust | $1.9B | +6.4% | 70.1% | 21.5% | 7.8% | - | 1.20 |
| UDR UDR, Inc. | $1.7B | +2.4% | - | 40.8% | 22.3% | - | 1.84 |
| CPT Camden Property Trust | $1.6B | +1.9% | - | 71.9% | 24.6% | - | 1.06 |
| FRT Federal Realty Investment Trust | $1.3B | +6.4% | - | 38.6% | 15.3% | - | 1.50 |
Profitability
2 of 3- ✓Net margin above the peer median34.5% vs 21.7%
- !Return on equity below 15%7.9%
- ✓A profit in every one of 9 years
Balance sheet
2 of 2- ✓Interest covered more than 5 timesOperating income is 6.3× interest expense
- ✓Debt smaller than equityDebt / equity 0.73 on the latest balance sheet (peer median 0.84)
Cash and shareholders
2 of 2- ✓Dividend per share up over 5 years$2.38 → $2.87
- ✓Cash from operations above net income$827.7M vs $527.5M
Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.
What the debt is made of, and when it is due
balance sheet of Mar 31, 2026The debt note's own lines, 2025-12-31
Fixed rate $4.3BFloating $270.5M Not stated $9.4B
| Line, as the company names it | Kind | Rate | Fixed or floating | Amount |
|---|---|---|---|---|
| Notes Payable to Banks | Notes and bonds | – | not stated | $4.6B |
| Unsecured Maturities (Unsecured Debt) | Secured | – | not stated | $4.0B |
| Fixed Rate Unsecured Debt | Secured | – | fixed | $3.9B |
| Mortgage Loan Maturities (Mortgages) | – | – | not stated | $679.9M |
| Fixed Rate Mortgage Loans | – | – | fixed | $475.9M |
| Variable Rate Mortgage Loans | – | – | floating | $270.5M |
| Scheduled Principal Payments (Mortgages) | – | – | not stated | $66.5M |
From the debt note in the 10-K's XBRL (0001193125-26-051668), as the company tags it: by issue, by year, by currency or by kind. Lines from two ways of cutting the same debt can overlap, so they are not added up. Fixed or floating is read from the line's own name only; "not stated" when it says neither.
Left: the debt lines on the balance sheet (XBRL). Right: the principal due each year, from the debt note's maturity schedule; it can differ a little from the balance sheet, which shows the debt net of discounts and fees. Leases are not counted. The full schedule →
Revenue and net income, FY2017 to FY2025
Revenue 1.6B Net income 527.5MFrom XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →
REG's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.
Income statement
From EDGAR| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | 984.3M | 1.1B | 1.1B | 1.0B | 1.2B | 1.2B | 1.3B | 1.5B | 1.6B |
| SG&A | - | 67.6M | 65.5M | 75.0M | 75.0M | 78.2M | 79.9M | 97.8M | 101.5M | 99.4M |
| Operating income | - | - | - | - | - | - | 896.8M | 951.3M | 1.0B | 1.1B |
| Interest expense | - | 132.6M | 148.5M | 151.3M | 156.7M | 145.2M | 146.2M | 154.2M | 161.4M | 179.2M |
| Pretax income | - | 125.9M | 209.4M | 182.3M | 13.1M | 319.2M | 428.2M | 320.3M | 359.5M | 407.5M |
| Income tax | - | -9.6M | 522K | 1.2M | 1.3M | 1.0M | -39K | 895K | 4.5M | - |
| Net income | 167.0M | 176.1M | 249.1M | 239.4M | 44.9M | 361.4M | 482.9M | 364.6M | 400.4M | 527.5M |
| Diluted shares | - | 160.0M | 170.1M | 167.8M | 169.5M | - | - | - | - | - |
| Depreciation & amortization | - | 334.2M | 359.7M | 374.3M | 345.9M | 303.3M | 319.7M | 352.3M | 394.7M | 405.0M |
| EBITDA | - | - | - | - | - | - | 1.2B | 1.3B | 1.4B | 1.5B |
| Operating margin | - | - | - | - | - | - | 73.3% | 71.9% | 72.0% | 72.3% |
| Net margin | - | 17.9% | 22.2% | 21.1% | 4.4% | 31.0% | 39.4% | 27.6% | 27.5% | 34.0% |
| Revenue growth | - | - | +13.9% | +1.1% | -10.3% | +14.8% | +5.0% | +8.0% | +9.9% | +6.9% |
Balance sheet
From EDGAR| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash | 13.3M | 49.4M | 45.2M | 115.6M | 378.4M | 95.0M | 68.8M | 91.4M | 61.9M | 120.7M |
| Property & equipment | 4.1M | 6.1M | 6.1M | 7.1M | 6.6M | 5.4M | 5.8M | 6.7M | 8.0M | 12.7M |
| Goodwill | 0 | 331.9M | 314.1M | 307.4M | 173.9M | 167.1M | 167.1M | 167.1M | 166.7M | 166.7M |
| Total assets | - | - | 10.9B | 11.1B | 10.9B | 10.8B | 10.9B | 12.4B | 12.4B | 13.0B |
| Total debt | 1.6B | 3.6B | 3.7B | 3.9B | 3.9B | 3.7B | 3.7B | 4.2B | 4.4B | 4.7B |
| Total liabilities | - | - | 4.5B | 4.8B | 4.9B | 4.7B | 4.7B | 5.2B | 5.5B | 5.8B |
| Shareholders' equity | 2.6B | 6.7B | 6.4B | 6.2B | 6.0B | 6.0B | 6.1B | 7.0B | 6.7B | 6.9B |
Cash flow
From EDGAR| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | - | 469.8M | 610.3M | 621.3M | 499.1M | 659.4M | 655.8M | 719.6M | 790.2M | 827.7M |
| Stock-based pay (added back) | - | 20.5M | 13.6M | 14.3M | 13.6M | 12.5M | 16.5M | 20.1M | 23.5M | 19.5M |
| Dividends paid | - | 322.6M | 376.0M | 390.6M | 300.5M | 403.1M | 428.3M | 453.1M | 490.4M | 511.6M |
| Buybacks | - | 0 | 213.9M | 32.8M | 0 | - | 75.4M | 20.0M | 200.1M | - |
| Acquisitions | 387.5M | 646.8M | 0 | 0 | - | 533.0M | 241.3M | 82.4M | 71.4M | 698.8M |
| Investing cash flow | - | -1.0B | -106.0M | -282.7M | -25.6M | -286.4M | -206.1M | -342.0M | -326.6M | -421.1M |
| Financing cash flow | - | 568.9M | -508.5M | -268.2M | -210.6M | -656.5M | -476.0M | -355.0M | -493.0M | -347.8M |
| Dividend per share | 2.00 | 2.10 | 2.22 | 2.34 | 2.38 | 2.41 | 2.52 | 2.62 | 2.71 | 2.87 |
Stock-based pay and leases
From EDGAR| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based pay (expense) | - | 20.5M | 13.6M | 14.3M | 13.6M | 12.5M | 16.5M | 20.1M | 23.5M | 19.5M |
| Stock-based pay / revenue | - | 2.1% | 1.2% | 1.3% | 1.3% | 1.1% | 1.3% | 1.5% | 1.6% | 1.3% |
| Operating lease cost | - | - | - | - | - | 18.2M | 17.9M | 18.8M | 19.1M | 19.4M |
| Operating lease cash paid | - | - | - | - | 15.0M | 15.2M | 14.7M | 15.8M | 16.2M | 16.9M |
| Right-of-use assets | - | - | 0 | 292.8M | 287.8M | 280.8M | 275.5M | 328.0M | 322.3M | 315.8M |
| Operating lease liabilities | - | - | 0 | 222.9M | 220.4M | 215.8M | 213.7M | 246.1M | 244.9M | 242.4M |
From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.
Work on REG in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/REG/export.csv") into a cell.