Regency Centers (REG) Financials

$77.09 +0.42 (+0.55%)

As of 12:27 PM Eastern

Annual Income Statements for Regency Centers

This table shows Regency Centers' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	129	144	160	2,485	239	45	361	483	365	400	527
Consolidated Net Income / (Loss)	153	167	179	2,494	243	47	366	488	371	410	541
Net Income / (Loss) Continuing Operations	117	167	179	2,494	243	47	366	488	371	410	541
Total Pre-Tax Income	94	110	126	2,451	182	13	319	428	320	360	407
Total Operating Income	205	211	239	2,601	369	270	452	472	468	514	583
Total Gross Profit	570	519	984	3,363	1,133	1,016	1,166	1,224	1,322	1,454	1,554
Total Revenue	570	614	984	3,363	1,133	1,016	1,166	1,224	1,322	1,454	1,554
Operating Revenue	570	614	984	3,363	1,133	1,016	1,166	1,224	1,322	1,454	1,554
Total Cost of Revenue	0.00	95	0.39	0.00	0.63	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	365	308	745	762	763	747	714	752	854	940	970
Selling, General & Admin Expense	149	65	301	487	253	258	263	276	327	350	364
Depreciation Expense	147	162	334	-	374	346	303	320	352	395	405
Other Operating Expenses / (Income)	70	80	110	276	136	143	148	156	175	195	201
Total Other Income / (Expense), net	-110	-101	-114	-150	-188	-256	-133	-44	-148	-154	-176
Interest Expense	111	91	145	148	163	179	145	0.00	-0.10	0.18	0.00
Interest & Investment Income	0.63	-	3.99	-	30	5.31	97	-153	-149	-174	-195
Other Income / (Expense), net	0.00	-10	27	-1.10	-54	-83	-84	109	0.66	20	20
Other Gains / (Losses), net	23	57	43	43	61	34	47	60	51	50	133
Net Income / (Loss) Attributable to Noncontrolling Interest	2.49	2.07	2.90	9.07	3.83	2.43	4.88	5.17	6.31	9.45	13
Basic Earnings per Share	-	-	-	-	-	-	$2.12	$2.82	$2.04	$2.12	$2.82
Weighted Average Basic Shares Outstanding	97.61M	104.70M	170.79M	167.51M	167.72M	169.83M	171.37M	171.31M	184.58M	181.37M	182.91M
Diluted Earnings per Share	-	-	-	-	-	-	$2.12	$2.81	$2.04	$2.11	$2.82
Weighted Average Diluted Shares Outstanding	97.61M	104.70M	170.79M	167.51M	167.72M	169.83M	171.37M	171.31M	184.58M	181.37M	182.91M
Weighted Average Basic & Diluted Shares Outstanding	97.61M	104.70M	170.79M	167.51M	167.72M	169.83M	171.37M	171.31M	184.58M	181.37M	182.91M
Cash Dividends to Common per Share	$1.94	$2.00	$2.10	$2.22	$2.34	-	-	-	$2.62	$2.72	$2.87

This table shows Regency Centers' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	91	90	110	103	101	86	110	106	109	202	129
Consolidated Net Income / (Loss)	92	92	113	105	104	89	112	108	113	208	133
Net Income / (Loss) Continuing Operations	92	92	113	105	104	89	112	108	113	208	133
Total Pre-Tax Income	80	78	101	93	90	76	97	95	97	118	110
Total Operating Income	119	116	130	124	124	136	146	146	143	148	155
Total Gross Profit	331	360	364	357	360	373	381	381	388	404	412
Total Revenue	331	360	364	357	360	373	381	381	388	404	412
Operating Revenue	331	360	364	357	360	373	381	381	388	404	412
Total Cost of Revenue	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Operating Expenses	211	243	234	233	236	237	235	235	244	256	258
Selling, General & Admin Expense	80	91	89	84	86	91	90	86	93	95	99
Depreciation Expense	88	99	98	101	101	95	97	100	103	106	106
Other Operating Expenses / (Income)	44	53	47	49	49	50	48	49	49	55	52
Total Other Income / (Expense), net	-40	-39	-29	-31	-34	-59	-49	-51	-46	-30	-44
Interest Expense	0.00	-0.10	0.18	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Interest & Investment Income	-40	-39	-40	-42	-46	-45	-49	-49	-49	-48	-51
Other Income / (Expense), net	-	-	11	11	11	-14	0.10	-1.56	2.82	18	7.19
Other Gains / (Losses), net	13	14	12	12	13	13	14	14	15	90	22
Net Income / (Loss) Attributable to Noncontrolling Interest	1.45	2.26	2.88	2.26	2.11	2.20	2.27	2.33	3.24	5.65	4.25
Basic Earnings per Share	$0.00	$1.47	$0.58	$0.54	$0.54	$0.46	$0.59	$0.57	$0.58	$1.08	$0.68
Weighted Average Basic Shares Outstanding	184.58M	184.58M	184.78M	181.51M	-	181.37M	181.53M	181.55M	182.90M	182.91M	183.10M
Diluted Earnings per Share	$0.00	$1.47	$0.58	$0.54	$0.54	$0.45	$0.58	$0.56	$0.58	$1.10	$0.68
Weighted Average Diluted Shares Outstanding	184.58M	184.58M	184.78M	181.51M	-	181.37M	181.53M	181.55M	182.90M	182.91M	183.10M
Weighted Average Basic & Diluted Shares Outstanding	184.58M	184.58M	184.78M	181.51M	-	181.37M	181.53M	181.55M	182.90M	182.91M	183.10M
Cash Dividends to Common per Share	$0.65	-	$0.67	$0.67	$0.67	-	$0.71	$0.71	$0.71	-	$0.76

This table details how cash moves in and out of Regency Centers' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-77	-23	32	8.81	70	263	-283	-26	23	-29	59
Net Cash From Operating Activities	286	297	470	610	621	499	659	656	720	790	828
Net Cash From Continuing Operating Activities	286	297	470	610	621	499	659	656	720	790	828
Net Income / (Loss) Continuing Operations	153	167	179	252	243	47	366	488	371	410	541
Consolidated Net Income / (Loss)	153	167	179	252	243	47	366	488	371	410	541
Depreciation Expense	147	162	334	360	374	346	303	320	352	395	405
Amortization Expense	9.68	9.76	-14	-23	-33	-32	-17	-15	-21	-9.61	-7.28
Non-Cash Adjustments To Reconcile Net Income	-6.12	-29	13	58	45	128	33	-83	34	25	-64
Changes in Operating Assets and Liabilities, net	-17	-13	-43	-37	-8.86	9.77	-26	-54	-17	-30	-47
Net Cash From Investing Activities	-139	-409	-1,007	-106	-283	-26	-286	-206	-342	-327	-421
Net Cash From Continuing Investing Activities	-139	-409	-1,007	-106	-283	-26	-286	-206	-342	-327	-421
Acquisitions	0.00	-0.75	-652	0.00	-	-17	-392	-170	-128	-45	-104
Purchase of Investments	0.00	-93	-29	-81	-90	-78	-47	-56	-20	-142	-146
Sale of Property, Plant & Equipment	-43	135	-	-	138	189	206	143	11	109	125
Sale and/or Maturity of Investments	109	116	168	287	83	52	124	70	27	120	140
Other Investing Activities, net	-205	-233	-370	-226	-191	-173	-178	-194	-233	-368	-435
Net Cash From Financing Activities	-223	89	569	-508	-268	-211	-656	-476	-355	-493	-348
Net Cash From Continuing Financing Activities	-205	89	569	-495	-268	-211	-656	-476	-356	-500	-362
Repayment of Debt	0.00	-740	-1,024	-783	-1,118	-1,235	-326	-113	-478	-1,219	-940
Repurchase of Common Equity	0.00	-0.03	0.00	-214	-33	0.00	0.00	-75	-20	-200	0.00
Payment of Dividends	-208	-227	-336	-381	-395	-305	-409	-437	-467	-519	-571
Issuance of Debt	-196	513	2,184	876	1,284	1,209	0.00	95	617	1,457	1,057
Issuance of Common Equity	198	550	89	0.10	0.01	126	83	61	0.07	0.21	99
Other Financing Activities, net	-	-7.98	-19	6.23	-6.20	-5.51	-4.08	-6.45	-7.66	-20	-6.79
Cash Interest Paid	102	83	110	137	136	151	140	141	147	161	179
Cash Income Taxes Paid	1.02	-	-0.27	5.46	1.23	1.87	0.38	0.57	0.00	0.00	0.00

This table details how cash moves in and out of Regency Centers' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-43	91	139	-150	284	-53	17	76	51	-85	25
Net Cash From Operating Activities	213	172	168	203	228	191	161	244	219	204	153
Net Cash From Continuing Operating Activities	213	172	168	203	228	191	161	244	219	204	153
Net Income / (Loss) Continuing Operations	92	92	113	105	104	89	112	108	113	208	133
Consolidated Net Income / (Loss)	92	92	113	105	104	89	112	108	113	208	133
Depreciation Expense	88	99	98	101	101	95	97	100	103	106	106
Amortization Expense	-19	-4.43	-2.53	3.47	-1.67	-1.98	-2.88	-1.61	-1.21	-1.58	-1.07
Non-Cash Adjustments To Reconcile Net Income	20	4.77	-2.33	-10	4.53	26	7.89	10	-3.44	-78	-14
Changes in Operating Assets and Liabilities, net	32	-19	-38	4.18	20	-17	-53	27	7.90	-30	-71
Net Cash From Investing Activities	-140	-110	-142	28	-95	-118	-180	-193	-32	-16	-95
Net Cash From Continuing Investing Activities	-221	-30	-142	28	-95	-118	-180	-193	-32	-16	-95
Acquisitions	-161	33	0.00	-	0.00	-0.20	-83	-0.03	-20	-0.65	-21
Purchase of Investments	-8.32	-6.07	-97	-7.28	-21	-17	-1.48	-100	-9.58	-35	-24
Sale of Property, Plant & Equipment	6.59	0.83	30	62	11	4.99	0.00	7.17	44	74	12
Sale and/or Maturity of Investments	3.00	9.92	9.20	100	7.12	3.06	5.83	3.42	56	74	40
Other Investing Activities, net	-59	-70	-85	-82	-93	-108	-101	-103	-103	-128	-101
Net Cash From Financing Activities	-35	-51	113	-382	-98	-127	36	25	-136	-272	-33
Net Cash From Continuing Financing Activities	-35	-52	112	-382	144	-127	33	21	-138	-278	-33
Repayment of Debt	-164	-45	-278	-344	-413	-183	-116	-356	-139	-329	-440
Repurchase of Common Equity	-	-	-	-200	-	-	0.00	-	-	-	0.00
Payment of Dividends	-111	-132	-132	-130	119	-128	-135	-135	-163	-138	-287
Issuance of Debt	238	128	531	290	441	195	290	512	115	140	702
Issuance of Common Equity	1.99	-3.16	0.21	1.53	-3.00	-	0.46	-	49	49	0.01
Other Financing Activities, net	-0.03	-0.01	-8.73	-0.05	-	-11	-6.76	-0.02	-	-0.01	-8.67
Cash Interest Paid	46	30	48	29	60	24	65	26	65	24	80
Cash Income Taxes Paid	0.16	0.21	6.07	0.34	0.71	-7.11	0.00	0.39	0.74	-1.13	0.00

This table presents Regency Centers' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	412	416	11,372	432	10,724	10,937	10,793	10,860	24,854	24,784	13,421
Total Current Assets	0.00	0.00	0.00	45	169	378	248	258	595	635	515
Restricted Cash	-	-	-	45	-	-	95	69	-	-	241
Accounts Receivable	0.00	0.00	0.00	-	169	-	153	189	412	511	274
Plant, Property, & Equipment, net	0.00	0.00	10,893	0.00	9,375	9,108	9,693	9,793	21,526	21,476	11,644
Plant, Property & Equipment, gross	0.00	0.00	10,893	-	11,141	11,102	11,868	12,208	26,909	27,397	14,912
Accumulated Depreciation	0.00	0.00	-	-	1,766	1,994	2,175	2,416	5,383	5,921	3,268
Total Noncurrent Assets	412	416	479	387	1,180	1,417	851	810	45,785	45,625	1,262
Intangible Assets	105	119	479	387	243	189	213	198	567	460	254
Other Noncurrent Operating Assets	0.00	0.00	-	-	468	761	639	612	22,933	22,859	1,008
Total Liabilities & Shareholders' Equity	0.00	0.00	9,787	10,165	7,213	10,937	10,793	10,860	24,854	24,784	13,001
Total Liabilities	0.00	0.00	3,018	3,715	923	4,879	4,683	4,682	10,470	10,983	5,820
Total Current Liabilities	0.00	0.00	0.00	0.00	214	302	322	317	717	785	634
Accounts Payable	0.00	0.00	-	-	214	302	322	317	717	785	392
Other Current Liabilities	-	-	-	-	-	-	-	-	-	-	242
Total Noncurrent Liabilities	0.00	1,642	3,018	3,715	709	4,576	4,360	4,365	9,601	10,199	5,428
Long-Term Debt	0.00	1,642	2,972	3,715	-	3,923	3,719	3,727	8,156	8,817	4,739
Capital Lease Obligations	0.00	0.00	-	-	427	-	363	354	797	729	356
Other Noncurrent Operating Liabilities	0.00	0.00	46	-	282	653	278	284	648	652	332
Total Equity & Noncontrolling Interests	2,172	2,678	6,769	6,450	6,290	6,058	6,110	6,178	14,384	13,801	6,957
Total Preferred & Common Equity	2,113	2,610	6,698	6,398	6,213	5,985	6,037	6,097	7,033	6,724	6,682
Preferred Stock	325	325	-	-	-	-	-	-	225	225	0.00
Total Common Equity	1,788	2,285	6,698	6,398	6,213	5,985	6,037	6,097	7,075	6,765	6,682
Common Stock	2,743	3,296	7,875	7,674	7,657	7,794	7,885	7,879	15,782	15,268	8,706
Treasury Stock	-20	-17	-18	-20	-23	-24	-23	-24	-25	-28	-31
Accumulated Other Comprehensive Income / (Loss)	0.00	0.00	-	-0.93	-12	-19	-10	7.56	-2.62	4.45	-4.22
Other Equity Adjustments	-936	-994	-1,158	-1,255	-1,408	-1,766	-1,815	-1,765	-1,872	-1,980	-1,989
Noncontrolling Interest	59	68	41	52	77	73	73	81	436	488	275

This table presents Regency Centers' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	10,806	10,828	24,763	24,854	25,302	24,853	24,784	25,120	25,461	13,059	13,489
Total Current Assets	250	249	561	595	919	710	635	657	831	461	559
Restricted Cash	68	43	-	-	-	-	-	-	-	206	291
Accounts Receivable	182	206	399	412	459	480	511	500	522	256	268
Plant, Property, & Equipment, net	9,748	9,746	21,484	21,526	21,416	21,453	21,476	21,745	21,763	-3,181	11,664
Plant, Property & Equipment, gross	12,233	12,296	26,722	26,909	26,913	27,241	27,397	27,820	27,978	-	15,016
Accumulated Depreciation	2,485	2,550	5,239	5,383	5,497	5,788	5,921	6,075	6,215	3,181	3,352
Total Noncurrent Assets	808	833	45,686	45,785	45,798	45,596	45,625	46,208	46,392	15,779	1,266
Intangible Assets	189	179	591	567	534	485	460	463	438	255	245
Other Noncurrent Operating Assets	619	654	22,829	22,933	23,089	22,851	22,859	23,188	23,379	15,086	1,021
Total Liabilities & Shareholders' Equity	10,806	10,828	24,763	24,854	25,302	24,853	24,784	25,120	25,461	13,059	13,046
Total Liabilities	4,666	4,684	10,300	10,470	10,946	10,965	10,983	11,367	11,747	5,999	5,882
Total Current Liabilities	289	318	720	717	689	778	785	682	763	397	442
Accounts Payable	289	318	720	717	689	778	785	682	763	397	201
Other Current Liabilities	-	-	-	-	-	-	-	-	-	-	241
Total Noncurrent Liabilities	4,347	4,366	9,580	9,601	10,256	10,187	10,199	10,685	10,984	5,602	5,681
Long-Term Debt	3,712	3,709	8,138	8,156	8,834	8,790	8,817	9,282	9,598	4,916	5,004
Capital Lease Obligations	347	337	793	797	780	745	729	749	733	362	352
Other Noncurrent Operating Liabilities	288	321	649	648	642	651	652	654	652	324	325
Total Equity & Noncontrolling Interests	6,139	6,144	14,463	14,384	14,356	13,888	13,801	13,753	13,714	14,120	6,940
Total Preferred & Common Equity	6,057	6,040	7,061	7,033	7,020	6,767	6,724	6,700	6,678	6,797	6,668
Preferred Stock	-	-	225	225	225	225	225	225	225	450	0.00
Total Common Equity	6,057	6,040	7,115	7,075	7,061	6,808	6,765	6,740	6,716	6,935	6,668
Common Stock	7,858	7,861	15,791	15,782	15,762	15,325	15,268	15,249	15,234	15,371	8,705
Treasury Stock	-26	-25	-25	-25	-26	-28	-28	-29	-30	-31	-32
Accumulated Other Comprehensive Income / (Loss)	3.93	7.34	19	-2.62	8.93	-11	4.45	-3.43	-7.58	-4.30	-2.69
Other Equity Adjustments	-1,779	-1,803	-1,834	-1,872	-1,889	-1,935	-1,980	-2,002	-2,027	-2,050	-2,002
Noncontrolling Interest	82	104	458	436	433	489	488	490	499	263	272

This table displays calculated financial ratios and metrics derived from Regency Centers' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.92%	7.83%	60.22%	241.65%	-66.31%	-10.32%	14.76%	4.96%	8.04%	9.94%	6.85%
EBITDA Growth	-2.20%	3.35%	57.30%	400.10%	-77.64%	-23.75%	30.64%	35.41%	-9.66%	14.82%	8.92%
EBIT Growth	-3.00%	-1.70%	32.52%	875.07%	-87.88%	-40.86%	97.36%	58.06%	-19.35%	13.83%	12.98%
NOPAT Growth	9.82%	3.20%	21.99%	909.30%	-85.80%	-27.00%	67.75%	4.45%	-0.88%	9.75%	13.48%
Net Income Growth	-19.22%	9.47%	7.18%	1,293.51%	-90.25%	-80.55%	674.12%	33.24%	-24.01%	10.51%	31.99%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	32.55%	-27.40%	3.43%	33.65%
Operating Cash Flow Growth	2.81%	4.07%	58.08%	29.92%	1.79%	-19.66%	32.11%	-0.54%	9.72%	9.81%	4.74%
Free Cash Flow Firm Growth	-25.17%	8.28%	-5,636.35%	227.19%	-167.42%	109.87%	-158.62%	169.80%	-8,911.49%	102.15%	4,448.82%
Invested Capital Growth	26.41%	12.76%	9,430.87%	-100.00%	0.00%	-6.73%	10.94%	0.92%	332.50%	-0.46%	-73.12%
Revenue Q/Q Growth	-18.71%	0.35%	111.87%	146.67%	-68.86%	32.55%	2.30%	1.46%	3.53%	0.00%	2.08%
EBITDA Q/Q Growth	12.61%	-0.96%	43.46%	279.82%	-79.90%	108.97%	386.92%	17.78%	2.16%	0.00%	5.94%
EBIT Q/Q Growth	-26.72%	-4.71%	105.45%	495.86%	-89.20%	-33.56%	147.41%	28.08%	0.18%	0.00%	8.06%
NOPAT Q/Q Growth	-19.19%	0.04%	98.57%	557.47%	-87.35%	-3.90%	618.04%	0.51%	0.04%	0.00%	2.19%
Net Income Q/Q Growth	-38.11%	27.25%	254.62%	674.30%	-91.60%	-10.28%	1,052.68%	5.95%	-1.16%	0.00%	28.34%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	29.95%
Operating Cash Flow Q/Q Growth	384.92%	1.04%	12.59%	3.60%	8.33%	66.54%	-26.84%	-3.44%	6.57%	0.00%	1.54%
Free Cash Flow Firm Q/Q Growth	-27.88%	-6.33%	-8,537.53%	168.84%	-170.14%	20.67%	-203.20%	426.41%	0.77%	0.00%	393.62%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-100.00%	-3.91%	-5.87%	9.69%	4.07%	0.32%	0.00%	0.82%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	84.53%	99.96%	100.00%	99.94%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	63.39%	60.76%	59.65%	87.32%	57.95%	49.28%	56.10%	72.37%	60.51%	63.19%	64.41%
Operating Margin	35.92%	34.38%	24.30%	77.33%	32.59%	26.53%	38.78%	38.59%	35.40%	35.34%	37.53%
EBIT Margin	35.92%	32.75%	27.09%	77.30%	27.81%	18.34%	31.54%	47.49%	35.45%	36.71%	38.81%
Profit (Net Income) Margin	26.77%	27.18%	18.18%	74.16%	21.47%	4.66%	31.41%	39.87%	28.04%	28.19%	34.82%
Tax Burden Percent	161.54%	151.16%	142.16%	101.75%	133.44%	359.88%	114.75%	113.97%	115.78%	113.99%	132.76%
Interest Burden Percent	46.14%	54.91%	47.22%	94.29%	57.85%	7.06%	86.79%	73.66%	68.33%	67.37%	67.58%
Effective Tax Rate	0.00%	0.00%	-7.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	216.87%	188.41%	4.50%	45.93%	7.57%	2.86%	4.71%	4.66%	1.73%	1.17%	2.10%
ROIC Less NNEP Spread (ROIC-NNEP)	219.47%	190.32%	-3.38%	41.25%	0.30%	-3.97%	2.27%	5.05%	1.15%	0.82%	1.79%
Return on Net Nonoperating Assets (RNNOA)	-209.60%	-181.52%	-0.71%	27.76%	0.17%	-2.09%	1.31%	3.29%	1.88%	1.74%	1.75%
Return on Equity (ROE)	7.27%	6.89%	3.79%	73.69%	7.73%	0.77%	6.02%	7.94%	3.61%	2.91%	3.84%
Cash Return on Invested Capital (CROIC)	193.54%	176.41%	-191.34%	245.93%	-192.43%	9.83%	-5.66%	3.74%	-123.16%	1.63%	117.36%
Operating Return on Assets (OROA)	49.43%	48.65%	4.52%	44.05%	5.65%	1.72%	3.39%	5.37%	2.63%	2.15%	3.19%
Return on Assets (ROA)	36.84%	40.38%	3.04%	42.26%	4.36%	0.44%	3.37%	4.51%	2.08%	1.65%	2.86%
Return on Common Equity (ROCE)	5.93%	5.78%	3.60%	142.56%	15.51%	0.76%	5.95%	7.84%	2.31%	1.43%	1.88%
Return on Equity Simple (ROE_SIMPLE)	7.22%	6.40%	2.67%	38.98%	3.92%	0.79%	6.07%	8.00%	5.27%	6.10%	0.00%
Net Operating Profit after Tax (NOPAT)	205	211	258	2,601	369	270	452	472	468	514	583
NOPAT Margin	35.92%	34.38%	26.18%	77.33%	32.59%	26.53%	38.78%	38.59%	35.40%	35.34%	37.53%
Net Nonoperating Expense Percent (NNEP)	-2.60%	-1.91%	7.88%	4.68%	7.27%	6.83%	2.44%	-0.39%	0.58%	0.35%	0.31%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	4.60%	2.01%	2.20%	3.00%
Cost of Revenue to Revenue	0.00%	15.47%	0.04%	0.00%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	26.08%	10.63%	30.56%	14.47%	22.30%	25.36%	22.53%	22.55%	24.73%	24.08%	23.45%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	64.08%	50.15%	75.66%	22.67%	67.36%	73.47%	61.23%	61.41%	64.60%	64.66%	62.47%
Earnings before Interest and Taxes (EBIT)	205	201	267	2,600	315	186	368	581	469	534	603
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	361	373	587	2,936	657	501	654	886	800	919	1,001
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.62	2.37	1.36	1.25	1.42	1.13	1.94	1.61	1.56	1.87	1.68
Price to Tangible Book Value (P/TBV)	2.78	2.50	1.47	1.25	1.47	1.17	2.02	1.67	1.69	2.01	1.74
Price to Revenue (P/Rev)	8.22	8.80	9.26	2.38	7.77	6.68	10.07	8.04	8.34	8.71	7.61
Price to Earnings (P/E)	36.30	37.57	56.99	3.22	36.77	151.23	32.49	20.39	30.24	31.63	22.42
Dividend Yield	3.90%	3.87%	3.92%	4.71%	4.45%	5.95%	3.51%	5.52%	4.07%	3.67%	4.16%
Earnings Yield	2.75%	2.66%	1.75%	31.10%	2.72%	0.66%	3.08%	4.91%	3.31%	3.16%	4.46%
Enterprise Value to Invested Capital (EV/IC)	45.17	60.11	1.07	0.00	0.91	1.09	1.56	1.37	0.00	0.01	1.46
Enterprise Value to Revenue (EV/Rev)	8.36	11.63	12.32	2.38	7.80	9.78	13.55	11.39	0.00	0.34	11.05
Enterprise Value to EBITDA (EV/EBITDA)	13.18	19.14	20.66	2.72	13.46	19.85	24.15	15.73	0.00	0.54	17.15
Enterprise Value to EBIT (EV/EBIT)	23.26	35.51	45.49	3.07	28.05	53.33	42.96	23.98	0.00	0.93	28.46
Enterprise Value to NOPAT (EV/NOPAT)	23.26	33.82	47.07	3.07	23.94	36.87	34.94	29.51	0.00	0.96	29.43
Enterprise Value to Operating Cash Flow (EV/OCF)	16.67	24.04	25.82	13.09	14.23	19.91	23.96	21.25	0.00	0.62	20.73
Enterprise Value to Free Cash Flow (EV/FCFF)	26.06	36.12	0.00	0.57	0.00	10.72	0.00	36.75	0.00	0.69	0.53
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.61	0.44	0.00	0.07	0.65	0.67	0.66	0.62	0.69	0.35
Long-Term Debt to Equity	0.00	0.61	0.44	0.00	0.07	0.65	0.67	0.66	0.62	0.69	0.35
Financial Leverage	-0.96	-0.95	0.21	0.67	0.55	0.53	0.58	0.65	1.64	2.12	0.98
Leverage Ratio	0.20	0.17	1.25	1.74	1.77	1.75	1.79	1.76	1.74	1.76	1.34
Compound Leverage Factor	0.09	0.09	0.59	1.64	1.03	0.12	1.55	1.30	1.19	1.19	0.91
Debt to Total Capital	0.00%	38.02%	30.51%	0.00%	6.36%	39.30%	40.05%	39.78%	38.36%	40.89%	26.19%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	38.02%	30.51%	0.00%	6.36%	39.30%	40.05%	39.78%	38.36%	40.89%	26.19%
Preferred Equity to Total Capital	14.96%	7.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.96%	0.96%	2.31%
Noncontrolling Interests to Total Capital	2.72%	1.58%	0.42%	0.00%	1.14%	0.73%	0.71%	0.79%	1.87%	2.09%	1.41%
Common Equity to Total Capital	82.32%	52.88%	68.76%	0.00%	92.50%	59.96%	59.24%	59.43%	30.32%	28.98%	36.24%
Debt to EBITDA	0.00	4.40	5.06	0.00	0.65	7.83	6.24	4.61	11.19	10.39	5.09
Net Debt to EBITDA	0.00	3.61	5.06	0.00	-0.06	6.15	6.09	4.53	-16.89	-14.02	4.61
Long-Term Debt to EBITDA	0.00	4.40	5.06	0.00	0.65	7.83	6.24	4.61	11.19	10.39	5.09
Debt to NOPAT	0.00	7.78	11.53	0.00	1.16	14.55	9.03	8.64	19.12	18.58	8.74
Net Debt to NOPAT	0.00	6.37	11.53	0.00	-0.11	11.42	8.82	8.49	-28.87	-25.08	7.90
Long-Term Debt to NOPAT	0.00	7.78	11.53	0.00	1.16	14.55	9.03	8.64	19.12	18.58	8.74
Altman Z-Score	0.00	0.00	1.98	29.04	5.92	0.99	1.72	1.54	0.74	0.81	1.49
Noncontrolling Interest Sharing Ratio	18.36%	16.03%	4.92%	-93.46%	-100.50%	1.21%	1.20%	1.25%	35.94%	50.90%	50.94%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	0.00	0.00	0.00	0.79	1.25	0.77	0.81	0.83	0.81	1.01
Quick Ratio	0.00	0.00	0.00	0.00	0.79	1.25	0.48	0.60	0.83	0.81	0.70
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	183	198	-10,949	13,926	-9,390	927	-543	379	-33,415	718	32,662
Operating Cash Flow to CapEx	664.32%	150.04%	376.65%	715.60%	730.93%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	1.65	2.18	-75.47	93.81	-57.52	5.19	-3.74	0.00	0.00	3,989.04	0.00
Operating Cash Flow to Interest Expense	2.58	3.28	3.24	4.11	3.81	2.80	4.54	0.00	0.00	4,389.99	0.00
Operating Cash Flow Less CapEx to Interest Expense	2.19	1.09	2.38	3.54	3.29	3.86	5.96	0.00	0.00	4,993.41	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.38	1.49	0.17	0.57	0.20	0.09	0.11	0.11	0.07	0.06	0.08
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	7.16	4.40	3.15	3.96
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.11	0.12	0.13	0.08	0.07	0.00
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	50.98	82.96	115.90	92.20
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	50.98	82.96	115.90	92.20
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	105	119	11,326	0.00	9,759	9,102	10,097	10,190	44,073	43,869	11,790
Invested Capital Turnover	6.04	5.48	0.17	0.59	0.23	0.11	0.12	0.12	0.05	0.03	0.06
Increase / (Decrease) in Invested Capital	22	13	11,207	-11,326	9,759	-657	995	93	33,883	-204	-32,079
Enterprise Value (EV)	4,760	7,143	12,129	7,990	8,839	9,939	15,801	13,937	-1,831	494	17,159
Market Capitalization	4,683	5,404	9,116	7,990	8,805	6,788	11,741	9,844	11,023	12,665	11,825
Book Value per Share	$18.99	$21.86	$39.38	$37.76	$18.54	$35.27	$35.26	$35.63	$38.33	$37.27	$38.56
Tangible Book Value per Share	$17.87	$20.73	$36.56	$37.76	$17.82	$34.16	$34.02	$34.47	$35.26	$34.74	$37.17
Total Capital	2,172	4,320	9,741	0.00	6,717	9,981	10,192	10,259	23,336	23,347	19,459
Total Debt	0.00	1,642	2,972	0.00	427	3,923	4,082	4,081	8,953	9,547	5,096
Total Long-Term Debt	0.00	1,642	2,972	0.00	427	3,923	4,082	4,081	8,953	9,547	5,096
Net Debt	-306	1,346	2,972	0.00	-42	3,077	3,987	4,012	-13,515	-12,884	4,609
Capital Expenditures (CapEx)	43	198	125	85	85	-189	-206	-143	-11	-109	-125
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	0.00	0.00	45	-44	-302	-169	-128	-305	-274	-118
Debt-free Net Working Capital (DFNWC)	0.00	0.00	0.00	45	-44	76	-74	-60	-122	-150	2.68
Net Working Capital (NWC)	0.00	0.00	0.00	45	-44	76	-74	-60	-122	-150	2.68
Net Nonoperating Expense (NNE)	52	44	79	107	126	222	86	-16	97	104	42
Net Nonoperating Obligations (NNO)	-2,066	-2,559	4,556	0.00	3,469	3,044	3,987	4,012	29,689	30,068	-2,573
Total Depreciation and Amortization (D&A)	157	172	321	337	342	314	286	305	331	385	398
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	1.34%	-3.92%	-29.75%	-14.51%	-10.49%	-23.06%	-18.82%	-7.59%
Debt-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	1.34%	-3.92%	7.49%	-6.36%	-4.87%	-9.24%	-10.31%	0.17%
Net Working Capital to Revenue	0.00%	0.00%	0.00%	1.34%	-3.92%	7.49%	-6.36%	-4.87%	-9.24%	-10.31%	0.17%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.37	$0.00	$1.00	$1.47	$0.00	$0.00	$0.00	$0.00	$2.04	$2.12	$2.82
Adjusted Weighted Average Basic Shares Outstanding	97.61M	104.70M	170.79M	167.51M	167.72M	169.83M	171.37M	171.31M	184.58M	181.37M	182.91M
Adjusted Diluted Earnings per Share	$1.36	$0.00	$1.00	$1.46	$0.00	$0.00	$0.00	$0.00	$2.04	$2.11	$2.82
Adjusted Weighted Average Diluted Shares Outstanding	97.61M	104.70M	170.79M	167.51M	167.72M	169.83M	171.37M	171.31M	184.58M	181.37M	182.91M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	97.61M	104.70M	170.79M	167.51M	167.72M	169.83M	171.37M	171.31M	184.58M	181.37M	182.91M
Normalized Net Operating Profit after Tax (NOPAT)	143	148	167	1,820	258	189	317	331	328	360	408
Normalized NOPAT Margin	25.14%	24.07%	17.01%	54.13%	22.81%	18.57%	27.14%	27.01%	24.78%	24.74%	26.27%
Pre Tax Income Margin	16.57%	17.98%	12.79%	72.89%	16.09%	1.29%	27.37%	34.98%	24.22%	24.73%	26.23%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.85	2.22	1.84	17.51	1.93	1.04	2.53	0.00	0.00	2,964.80	0.00
NOPAT to Interest Expense	1.85	2.33	1.78	17.52	2.26	1.51	3.11	0.00	0.00	2,854.48	0.00
EBIT Less CapEx to Interest Expense	1.46	0.03	0.98	16.94	1.41	2.11	3.95	0.00	0.00	3,568.22	0.00
NOPAT Less CapEx to Interest Expense	1.46	0.15	0.92	16.94	1.74	2.57	4.54	0.00	0.00	3,457.89	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	136.42%	135.70%	187.98%	15.29%	162.39%	643.90%	111.73%	89.62%	125.83%	126.67%	105.59%
Augmented Payout Ratio	136.42%	135.72%	187.98%	23.86%	175.86%	643.90%	111.73%	105.08%	131.22%	175.49%	105.59%

This table displays calculated financial ratios and metrics derived from Regency Centers' official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	9/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	182,906,561.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	182,906,561.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.70
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.77%	14.34%	14.43%	14.64%	8.96%	3.60%	4.69%	6.61%	7.58%	8.50%	8.28%
EBITDA Growth	-2.34%	6.97%	12.22%	16.69%	25.43%	1.82%	1.54%	4.03%	5.44%	26.13%	11.35%
EBIT Growth	3.55%	-1.99%	7.38%	11.61%	13.78%	4.38%	3.41%	6.65%	7.72%	37.01%	10.80%
NOPAT Growth	3.74%	0.15%	7.38%	11.61%	4.26%	16.39%	12.41%	17.44%	15.29%	9.23%	5.95%
Net Income Growth	3.74%	-4.51%	14.39%	17.47%	12.37%	-3.65%	-0.71%	3.26%	8.73%	134.71%	18.73%
EPS Growth	-100.00%	0.00%	1.75%	0.00%	0.00%	-69.39%	0.00%	3.70%	7.41%	144.44%	17.24%
Operating Cash Flow Growth	6.25%	34.75%	3.49%	17.89%	6.85%	11.33%	-4.01%	19.95%	-3.93%	6.56%	-5.16%
Free Cash Flow Firm Growth	-7,122.32%	-145,946.61%	-11,562.76%	-17,954.61%	229.49%	101.01%	99.26%	97.92%	-126.22%	9,385.98%	13,007.56%
Invested Capital Growth	348.70%	332.50%	334.70%	332.08%	0.00%	-0.46%	0.90%	1.93%	0.00%	-73.12%	-72.10%
Revenue Q/Q Growth	5.22%	8.76%	1.18%	-0.99%	0.84%	3.41%	0.00%	-0.02%	1.77%	4.29%	2.04%
EBITDA Q/Q Growth	-4.45%	12.56%	8.89%	-0.63%	1.03%	-8.63%	0.00%	0.82%	2.40%	9.30%	-1.33%
EBIT Q/Q Growth	7.06%	-2.41%	11.06%	-4.26%	0.48%	-10.47%	0.00%	-1.41%	1.49%	13.88%	-2.76%
NOPAT Q/Q Growth	7.06%	-2.41%	11.06%	-4.26%	0.30%	8.95%	0.00%	-0.27%	-1.54%	3.22%	4.53%
Net Income Q/Q Growth	4.54%	-0.15%	22.41%	-8.06%	-1.29%	-14.38%	0.00%	-3.13%	3.94%	84.81%	-36.20%
EPS Q/Q Growth	0.00%	0.00%	26.09%	-100.00%	0.00%	-16.67%	0.00%	-3.45%	3.57%	89.66%	-38.18%
Operating Cash Flow Q/Q Growth	23.43%	-19.30%	-2.41%	21.28%	11.87%	-15.91%	0.00%	51.55%	-10.40%	-6.73%	-25.11%
Free Cash Flow Firm Q/Q Growth	-18,198.63%	0.75%	-0.32%	0.90%	231.24%	-99.23%	0.00%	-179.71%	-1,551.05%	379.00%	0.18%
Invested Capital Q/Q Growth	333.00%	0.32%	0.21%	-0.74%	-100.00%	0.00%	0.00%	0.28%	-73.83%	0.82%	5.44%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	56.67%	58.65%	63.28%	63.51%	65.24%	57.65%	63.01%	63.54%	63.94%	67.01%	64.80%
Operating Margin	36.08%	32.38%	35.70%	34.52%	34.52%	36.37%	38.34%	38.24%	37.00%	36.62%	37.51%
EBIT Margin	36.08%	32.38%	35.70%	34.52%	37.68%	32.62%	38.36%	37.83%	37.73%	41.19%	39.25%
Profit (Net Income) Margin	27.88%	25.59%	30.96%	28.75%	28.75%	23.80%	29.36%	28.45%	29.06%	51.49%	32.20%
Tax Burden Percent	115.71%	118.30%	111.88%	114.97%	114.97%	116.46%	114.89%	114.55%	115.51%	176.37%	120.27%
Interest Burden Percent	66.77%	66.82%	77.51%	72.43%	66.37%	62.66%	66.62%	65.65%	66.68%	70.88%	68.20%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	1.72%	1.58%	1.80%	1.81%	0.00%	1.20%	1.27%	1.29%	9.63%	2.04%	2.09%
ROIC Less NNEP Spread (ROIC-NNEP)	1.55%	1.43%	1.70%	1.69%	0.00%	1.05%	1.16%	1.17%	12.17%	2.48%	1.97%
Return on Net Nonoperating Assets (RNNOA)	2.48%	2.35%	2.80%	2.86%	0.00%	2.22%	2.50%	2.58%	-2.09%	2.42%	3.45%
Return on Equity (ROE)	4.20%	3.93%	4.60%	4.67%	0.00%	3.42%	3.77%	3.87%	7.54%	4.47%	5.53%
Cash Return on Invested Capital (CROIC)	-125.36%	-123.16%	-123.43%	-123.01%	0.00%	1.63%	0.30%	-0.66%	-190.24%	117.36%	114.83%
Operating Return on Assets (OROA)	2.58%	2.40%	2.71%	2.74%	0.00%	1.91%	2.24%	2.25%	4.40%	3.39%	3.22%
Return on Assets (ROA)	2.00%	1.90%	2.35%	2.28%	0.00%	1.39%	1.71%	1.69%	3.39%	4.23%	2.64%
Return on Common Equity (ROCE)	2.69%	2.52%	2.94%	2.99%	0.00%	1.68%	1.85%	1.90%	3.70%	2.19%	3.59%
Return on Equity Simple (ROE_SIMPLE)	5.31%	0.00%	5.49%	5.92%	0.00%	0.00%	6.11%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	119	116	130	124	124	136	146	146	143	148	155
NOPAT Margin	36.08%	32.38%	35.70%	34.52%	34.52%	36.37%	38.34%	38.24%	37.00%	36.62%	37.51%
Net Nonoperating Expense Percent (NNEP)	0.16%	0.14%	0.10%	0.12%	0.00%	0.16%	0.11%	0.12%	-2.54%	-0.44%	0.12%
Return On Investment Capital (ROIC_SIMPLE)	-	0.50%	-	-	-	0.58%	0.61%	0.61%	0.74%	0.76%	1.26%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	24.24%	25.34%	24.57%	23.75%	23.75%	24.54%	23.64%	22.64%	23.87%	23.62%	23.98%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	63.92%	67.62%	64.30%	65.48%	65.48%	63.63%	61.66%	61.76%	63.00%	63.38%	62.49%
Earnings before Interest and Taxes (EBIT)	119	116	130	124	136	122	146	144	146	167	162
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	187	211	230	229	235	215	240	242	248	271	267
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.37	1.56	1.47	1.82	0.00	1.80	1.87	1.82	1.80	1.68	1.94
Price to Tangible Book Value (P/TBV)	1.50	1.69	1.59	1.96	0.00	1.93	2.01	1.94	1.87	1.74	2.02
Price to Revenue (P/Rev)	7.65	8.34	7.58	8.75	8.26	8.37	8.59	8.16	8.21	7.61	8.18
Price to Earnings (P/E)	26.40	30.24	27.51	31.59	29.49	30.38	31.57	30.24	30.35	22.42	23.72
Dividend Yield	5.70%	4.07%	4.36%	3.71%	3.86%	3.82%	3.73%	3.91%	3.87%	4.16%	3.86%
Earnings Yield	3.79%	3.31%	3.63%	3.17%	3.39%	3.29%	3.17%	3.31%	3.29%	4.46%	4.22%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.02	0.01	1.53	1.46	1.47
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.09	0.00	0.00	0.45	0.25	11.75	11.05	11.54
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.16	0.00	0.00	0.73	0.40	18.94	17.15	17.80
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.27	0.00	0.00	1.24	0.68	32.06	28.46	29.58
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.27	0.00	0.00	1.26	0.68	31.35	29.43	30.92
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.18	0.00	0.00	0.85	0.45	21.95	20.73	22.33
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	5.00	0.00	0.00	0.53	0.56
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.62	0.62	0.67	0.69	0.00	0.69	0.73	0.75	0.37	0.35	0.77
Long-Term Debt to Equity	0.62	0.62	0.67	0.69	0.00	0.69	0.73	0.75	0.37	0.35	0.77
Financial Leverage	1.60	1.64	1.65	1.70	0.00	2.12	2.16	2.21	-0.17	0.98	1.75
Leverage Ratio	1.73	1.74	1.76	1.78	0.00	1.76	1.79	1.82	0.92	1.34	1.87
Compound Leverage Factor	1.15	1.16	1.37	1.29	0.00	1.10	1.20	1.20	0.62	0.95	1.27
Debt to Total Capital	38.18%	38.36%	40.11%	40.71%	0.00%	40.89%	42.18%	42.97%	27.21%	26.19%	43.56%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	38.18%	38.36%	40.11%	40.71%	0.00%	40.89%	42.18%	42.97%	27.21%	26.19%	43.56%
Preferred Equity to Total Capital	0.96%	0.96%	0.94%	0.96%	0.00%	0.96%	0.95%	0.94%	2.32%	2.31%	0.00%
Noncontrolling Interests to Total Capital	1.96%	1.87%	1.81%	2.09%	0.00%	2.09%	2.06%	2.07%	1.36%	1.41%	2.21%
Common Equity to Total Capital	30.41%	30.32%	29.46%	29.07%	0.00%	28.98%	28.34%	27.93%	35.75%	36.24%	54.23%
Debt to EBITDA	11.40	11.19	11.66	11.12	0.00	10.39	10.88	11.09	5.59	5.09	5.21
Net Debt to EBITDA	-17.23	-16.89	-15.79	-15.11	0.00	-14.02	-13.75	-13.47	4.96	4.61	4.93
Long-Term Debt to EBITDA	11.40	11.19	11.66	11.12	0.00	10.39	10.88	11.09	5.59	5.09	5.21
Debt to NOPAT	19.08	19.12	20.15	19.46	0.00	18.58	18.93	18.73	9.25	8.74	9.05
Net Debt to NOPAT	-28.84	-28.87	-27.30	-26.44	0.00	-25.08	-23.93	-22.76	8.22	7.90	8.56
Long-Term Debt to NOPAT	19.08	19.12	20.15	19.46	0.00	18.58	18.93	18.73	9.25	8.74	9.05
Altman Z-Score	0.63	0.69	0.65	0.75	0.00	0.73	0.74	0.70	1.41	1.38	1.49
Noncontrolling Interest Sharing Ratio	35.97%	35.94%	35.99%	35.86%	0.00%	50.90%	50.90%	51.00%	50.89%	50.94%	35.20%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.78	0.83	1.33	0.91	0.00	0.81	0.96	1.09	1.16	1.01	1.26
Quick Ratio	0.78	0.83	1.33	0.91	0.00	0.81	0.96	1.09	0.64	0.70	0.61
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-34,023	-33,766	-33,875	-33,569	44,058	340	-250	-700	-11,551	32,227	32,285
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-188,195.44	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	931.99	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	1,098.84	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.07	0.07	0.08	0.08	0.00	0.06	0.06	0.06	0.12	0.08	0.08
Accounts Receivable Turnover	4.46	4.40	4.27	4.12	0.00	3.15	3.07	2.98	5.96	3.96	4.13
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.08	0.08	0.09	0.09	0.00	0.07	0.07	0.07	0.00	0.00	0.09
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	81.79	82.96	85.41	88.55	0.00	115.90	119.01	122.34	61.29	92.20	88.43
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	81.79	82.96	85.41	88.55	0.00	115.90	119.01	122.34	61.29	92.20	88.43
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	43,934	44,073	44,165	43,840	0.00	43,869	44,561	44,685	11,694	11,790	12,431
Invested Capital Turnover	0.05	0.05	0.05	0.05	0.00	0.03	0.03	0.03	0.26	0.06	0.06
Increase / (Decrease) in Invested Capital	34,142	33,883	34,005	33,694	-43,934	-204	396	845	11,694	-32,079	-32,130
Enterprise Value (EV)	-3,045	-1,831	-1,989	133	0.00	-7.69	669	373	17,889	17,159	18,298
Market Capitalization	9,768	11,023	10,374	12,374	11,905	12,163	12,636	12,202	12,488	11,825	12,961
Book Value per Share	$41.61	$38.33	$38.21	$37.51	$0.00	$37.27	$37.16	$37.00	$38.20	$38.56	$36.45
Tangible Book Value per Share	$38.15	$35.26	$35.33	$34.84	$0.00	$34.74	$34.61	$34.59	$36.79	$37.17	$35.12
Total Capital	23,394	23,336	23,970	23,424	0.00	23,347	23,785	24,045	19,398	19,459	12,296
Total Debt	8,931	8,953	9,614	9,535	0.00	9,547	10,032	10,332	5,278	5,096	5,356
Total Long-Term Debt	8,931	8,953	9,614	9,535	0.00	9,547	10,032	10,332	5,278	5,096	5,356
Net Debt	-13,497	-13,515	-13,022	-12,955	0.00	-12,884	-12,682	-12,553	4,688	4,609	5,065
Capital Expenditures (CapEx)	-4.56	-0.83	-30	-62	-11	-4.99	0.00	-7.17	-44	-74	-12
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-321	-305	-230	-298	0.00	-274	-182	-241	-141	-118	-174
Debt-free Net Working Capital (DFNWC)	-159	-122	230	-68	0.00	-150	-25	68	64	2.68	117
Net Working Capital (NWC)	-159	-122	230	-68	0.00	-150	-25	68	64	2.68	117
Net Nonoperating Expense (NNE)	27	24	17	21	21	47	34	37	31	-60	22
Net Nonoperating Obligations (NNO)	29,471	29,689	29,809	29,952	0.00	30,068	30,808	30,972	-2,426	-2,573	5,491
Total Depreciation and Amortization (D&A)	68	94	100	104	99	93	94	98	102	104	105
Debt-free, Cash-free Net Working Capital to Revenue	-25.16%	-23.06%	-16.84%	-21.06%	0.00%	-18.82%	-12.34%	-16.16%	-9.28%	-7.59%	-10.99%
Debt-free Net Working Capital to Revenue	-12.46%	-9.24%	16.79%	-4.82%	0.00%	-10.31%	-1.67%	4.56%	4.23%	0.17%	7.37%
Net Working Capital to Revenue	-12.46%	-9.24%	16.79%	-4.82%	0.00%	-10.31%	-1.67%	4.56%	4.23%	0.17%	7.37%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.50	$1.47	$0.58	$0.00	$0.00	$0.46	$0.59	$0.57	$0.58	$1.08	$0.68
Adjusted Weighted Average Basic Shares Outstanding	184.58M	184.58M	184.78M	181.51M	0.00	181.37M	181.53M	181.55M	182.90M	182.91M	183.10M
Adjusted Diluted Earnings per Share	$0.50	$1.47	$0.58	$0.00	$0.00	$0.45	$0.58	$0.56	$0.58	$1.10	$0.68
Adjusted Weighted Average Diluted Shares Outstanding	184.58M	184.58M	184.78M	181.51M	0.00	181.37M	181.53M	181.55M	182.90M	182.91M	183.10M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	184.58M	184.58M	184.78M	181.51M	0.00	181.37M	181.53M	181.55M	182.90M	182.91M	183.10M
Normalized Net Operating Profit after Tax (NOPAT)	84	81	91	87	87	95	102	102	100	104	108
Normalized NOPAT Margin	25.26%	22.66%	24.99%	24.17%	24.17%	25.46%	26.84%	26.77%	25.90%	25.63%	26.26%
Pre Tax Income Margin	24.09%	21.63%	27.68%	25.01%	25.01%	20.44%	25.56%	24.84%	25.15%	29.20%	26.77%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	721.73	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	721.73	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	888.58	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	888.58	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	120.02%	125.83%	124.48%	124.19%	126.64%	126.67%	127.74%	67.59%	133.16%	105.59%	128.56%
Augmented Payout Ratio	125.36%	131.22%	124.48%	174.15%	175.05%	175.49%	127.74%	67.59%	133.16%	105.59%	128.56%

Financials Breakdown Chart

Key Financial Trends

Regency Centers (REG) has shown several positive trends over the last four years, led by growing operating revenue, improving earnings per share, and solid operating cash flow. Below are the 10 most important points distilled for investors, with positives first, followed by neutral observations, then potential negatives.

Operating revenue rising: $404.2M in Q4 2025, up from $314.5M in Q4 2022, reflecting sustained top-line growth.
Net income to common shareholders improving: $202.5M in Q4 2025, higher than prior-year quarters (e.g., ~$86–95M in 2024–2023), supporting stronger per-share results.
Diluted EPS climbs: $1.10 in Q4 2025, up from about $0.58 in 2024–2023 periods, signaling improved profitability per share.
Robust operating cash flow: Net cash from continuing operating activities around $203.9M in Q4 2025 and $218.7M in Q3 2025, showing solid cash generation.
Consistent dividend per share: Cash dividends per share of $0.705 are maintained, supporting income-focused investors.
Leverage profile remains asset-heavy but typical for a REIT: Long-term debt in the several-billion range (approximately $9–9.6B historically), which is common for large, diversified property portfolios.
Solid equity base: Total common equity generally in the mid-to-high single-digit billions (roughly $6–7B across recent periods), reflecting durable balance-sheet scale.
Investing activity is relatively modest vs. operating cash flow: Net investing cash flows are typically small to modest (e.g., around -$16.4M in Q4 2025), suggesting steadier capital deployment rather than aggressive expansion.
Near-term cash burn from financing activities: Net change in cash for Q4 2025 was negative at -$84.9M, driven by financing outflows.
Frequent large debt-related cash outflows: Net cash from financing activities in some quarters shows sizable outflows (e.g., around -$272.5M in Q4 2025), implying ongoing deleveraging or debt service pressure if operating cash flow slows.

05/14/26 12:27 PM ETAI Generated. May Contain Errors.

Regency Centers Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Regency Centers' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Over the last 10 years, Regency Centers' net income changed from $152.54 million in 2015 to $540.95 million in 2025, a change of 254.6%. See where experts think Regency Centers is headed by visiting Regency Centers' forecast page.

Regency Centers' total operating income in 2025 was $583.07 million, based on the following breakdown:

Total Gross Profit: $1.55 billion
Total Operating Expenses: $970.46 million

Over the last 10 years, Regency Centers' total revenue changed from $569.76 million in 2015 to $1.55 billion in 2025, a change of 172.7%.

Regency Centers' total liabilities were at $5.82 billion at the end of 2025, a 47.0% decrease from 2024, and a 581,967,700,000.0% increase since 2015.

Over the last 10 years, Regency Centers' book value per share changed from 18.99 in 2015 to 38.56 in 2025, a change of 103.1%.

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Financial statements for NASDAQ:REG last updated on 5/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Regency Centers (REG) Financials

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How has Regency Centers' revenue changed over the last 10 years?

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