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. The Company conducts substantially all of its operations, and owns, directly or indirectly, substantially all of its assets. Our business consists of acquiring, developing, owning, and operating income-producing retail real estate principally located in suburban trade areas with compelling demographics within the United States of America. Regency has been an S&P 500 Index member since 2017. We are a preeminent national owner, operator, and developer of neighborhood and community shopping centers. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect with their neighborhoods, communities, and customers. Regency Centers Corporation was incorporated in 1963 in Florida, USA.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.6B | $1.2B | $527M | $828M | 7.9% | 6.9% | 31.7% |
| 2024 | $1.5B | $994M | $400M | $790M | 6.2% | 9.9% | 9.8% |
| 2023 | $1.3B | $877M | $365M | $720M | 5.4% | 8.0% | -24.5% |
| 2022 | $1.2B | $954M | $483M | $656M | 7.9% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 1,224.02 | 1,322.47 | 1,453.90 | 1,553.52 |
| Cost Of Revenue | 345.94 | 394.77 | 433.05 | 457.16 |
| Gross Profit | 878.08 | 927.70 | 1,020.85 | 1,096.36 |
| Operating Expense | 405.77 | 459.55 | 507.05 | 513.30 |
| Operating Income | 472.31 | 468.15 | 513.81 | 583.07 |
| EBITDA | 953.92 | 877.40 | 993.58 | 1,152.45 |
| EBIT | 634.22 | 525.12 | 598.86 | 747.41 |
| Pretax Income | 488.04 | 370.87 | 409.84 | 540.95 |
| Net Income | 482.86 | 364.56 | 400.39 | 527.46 |
| Net Income Common Stockholders | 482.86 | 359.50 | 386.74 | 513.81 |
| Total Expenses | 751.71 | 854.32 | 940.10 | 970.46 |
| Interest Expense | 146.19 | 154.25 | 189.02 | 206.46 |
| Interest Income | 0.95 | 1.96 | 9.63 | 7.69 |
| Selling General And Administration | 79.90 | 97.81 | 101.46 | 99.41 |
| Normalized EBITDA | 851.83 | 870.97 | 968.45 | 1,129.30 |
| Normalized Income | 402.22 | 359.48 | 380.53 | 509.17 |
| Market Cap | 14,989.24 | 14,989.24 | 14,989.24 | 14,989.24 |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Regency Centers Corporationthis co. | REG | $15.0B | 28.42β discount | 2.24 | 7.9% | 17.55 |
| Weyerhaeuser Company | WY | $18.0B | 55.70 | 1.91 | 3.4% | 22.25 |
| Kimco Realty Corporation | KIM | $16.9B | 27.32 | 1.54 | 5.6% | 16.59 |
| Essex Property Trust, Inc. | ESS | $16.4B | 24.59 | 2.97 | 12.1% | 14.82 |
| Mid-America Apartment Communities, Inc. | MAA |
| $14.8B |
| 32.71 |
| 2.57 |
| 7.9% |
| 15.77 |
| Host Hotels & Resorts, Inc. | HST | $14.4B | 18.78 | 2.19 | 11.7% | 10.41 |
| CoStar Group, Inc. | CSGP | $12.7B | 2206.30 | 1.85 | 0.1% | 78.51 |
| Healthpeak Properties, Inc. | DOC | $11.7B | 160.11 | 1.52 | 1.0% | 12.80 |
| UDR, Inc. | UDR | $11.6B | 34.66 | 4.03 | 11.6% | 14.90 |
| Peer Median | - | 33.69 | 2.05 | 6.7% | 15.34 | |