REGENCY CENTERS CORP (REG) Stock Fundamental Analysis
NASDAQ:REG - Nasdaq - US7588491032 - REIT - Currency: USD
Overall REG gets a fundamental rating of 5 out of 10. We evaluated REG against 130 industry peers in the Diversified REITs industry. REG scores excellent on profitability, but there are concerns on its financial health. REG is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year REG was profitable.
In the past year REG had a positive cash flow from operations.
REG had positive earnings in each of the past 5 years.
REG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
REG has a better Return On Assets (3.12%) than 76.15% of its industry peers.
REG has a Return On Equity of 5.75%. This is in the better half of the industry: REG outperforms 75.38% of its industry peers.
Looking at the Return On Invested Capital, with a value of 3.48%, REG is in the better half of the industry, outperforming 65.38% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for REG is in line with the industry average of 3.19%.
The last Return On Invested Capital (3.48%) for REG is above the 3 year average (3.42%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.12% | ||
| ROE | 5.75% | ||
| ROIC | 3.48% |
ROA(3y)3.49%
ROA(5y)2.84%
ROE(3y)6.26%
ROE(5y)5.1%
ROIC(3y)3.42%
ROIC(5y)3.16%
1.3 Margins
REG's Profit Margin of 26.60% is amongst the best of the industry. REG outperforms 80.77% of its industry peers.
In the last couple of years the Profit Margin of REG has grown nicely.
REG's Operating Margin of 35.34% is fine compared to the rest of the industry. REG outperforms 74.62% of its industry peers.
REG's Operating Margin has improved in the last couple of years.
REG has a better Gross Margin (70.21%) than 61.54% of its industry peers.
REG's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 35.34% | ||
| PM (TTM) | 26.6% | ||
| GM | 70.21% |
OM growth 3Y-3.04%
OM growth 5Y1.59%
PM growth 3Y-4.97%
PM growth 5Y4.71%
GM growth 3Y-0.83%
GM growth 5Y-0.77%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so REG is destroying value.
Compared to 1 year ago, REG has less shares outstanding
The number of shares outstanding for REG has been increased compared to 5 years ago.
The debt/assets ratio for REG is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.37, we must say that REG is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.37, REG belongs to the top of the industry, outperforming 88.46% of the companies in the same industry.
The Debt to FCF ratio of REG is 12.24, which is on the high side as it means it would take REG, 12.24 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 12.24, REG belongs to the top of the industry, outperforming 87.69% of the companies in the same industry.
A Debt/Equity ratio of 0.66 indicates that REG is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.66, REG is doing good in the industry, outperforming 79.23% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.66 | ||
| Debt/FCF | 12.24 | ||
| Altman-Z | 1.37 |
ROIC/WACC0.46
WACC7.49%
2.3 Liquidity
A Current Ratio of 0.49 indicates that REG may have some problems paying its short term obligations.
REG has a worse Current ratio (0.49) than 78.46% of its industry peers.
A Quick Ratio of 0.49 indicates that REG may have some problems paying its short term obligations.
REG has a worse Quick ratio (0.49) than 77.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.49 | ||
| Quick Ratio | 0.49 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 3.41% over the past year.
Measured over the past years, REG shows a quite strong growth in Earnings Per Share. The EPS has been growing by 8.19% on average per year.
REG shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.94%.
Measured over the past years, REG shows a small growth in Revenue. The Revenue has been growing by 5.11% on average per year.
EPS 1Y (TTM)3.41%
EPS 3Y0.16%
EPS 5Y8.19%
EPS Q2Q%-2.13%
Revenue 1Y (TTM)9.94%
Revenue growth 3Y7.63%
Revenue growth 5Y5.11%
Sales Q2Q%3.6%
3.2 Future
Based on estimates for the next years, REG will show a small growth in Earnings Per Share. The EPS will grow by 7.94% on average per year.
REG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.71% yearly.
EPS Next Y5.8%
EPS Next 2Y6.95%
EPS Next 3Y8.26%
EPS Next 5Y7.94%
Revenue Next Year6.73%
Revenue Next 2Y5.46%
Revenue Next 3Y5.43%
Revenue Next 5Y3.71%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 33.02, the valuation of REG can be described as expensive.
REG's Price/Earnings is on the same level as the industry average.
REG is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 28.29, which is the current average of the S&P500 Index.
REG is valuated quite expensively with a Price/Forward Earnings ratio of 31.21.
74.62% of the companies in the same industry are more expensive than REG, based on the Price/Forward Earnings ratio.
REG is valuated rather expensively when we compare the Price/Forward Earnings ratio to 21.32, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.02 | ||
| Fwd PE | 31.21 |
4.2 Price Multiples
80.77% of the companies in the same industry are cheaper than REG, based on the Enterprise Value to EBITDA ratio.
REG's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. REG is cheaper than 64.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 35.29 | ||
| EV/EBITDA | 19.1 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates REG does not grow enough to justify the current Price/Earnings ratio.
The excellent profitability rating of REG may justify a higher PE ratio.
PEG (NY)5.69
PEG (5Y)4.03
EPS Next 2Y6.95%
EPS Next 3Y8.26%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.94%, REG has a reasonable but not impressive dividend return.
REG's Dividend Yield is slightly below the industry average, which is at 16.87.
Compared to an average S&P500 Dividend Yield of 2.51, REG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.94% |
5.2 History
The dividend of REG has a limited annual growth rate of 3.44%.
REG has been paying a dividend for at least 10 years, so it has a reliable track record.
REG has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)3.44%
Div Incr Years11
Div Non Decr Years14
5.3 Sustainability
REG pays out 130.32% of its income as dividend. This is not a sustainable payout ratio.
REG's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP130.32%
EPS Next 2Y6.95%
EPS Next 3Y8.26%
NASDAQ:REG (4/21/2025, 2:24:30 PM)
70.01
-1.65 (-2.3%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners104.57%
Inst Owner Change0.25%
Ins Owners0.78%
Ins Owner Change-0.02%
Market Cap12.71B
Analysts80
Price Target81.47 (16.37%)
Short Float %2.54%
Short Ratio4.51
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.94% |
Yearly Dividend2.76
Dividend Growth(5Y)3.44%
DP130.32%
Div Incr Years11
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)5.36%
Min EPS beat(2)-5.51%
Max EPS beat(2)16.23%
EPS beat(4)3
Avg EPS beat(4)12.14%
Min EPS beat(4)-5.51%
Max EPS beat(4)21.15%
EPS beat(8)6
Avg EPS beat(8)7.35%
EPS beat(12)10
Avg EPS beat(12)23.64%
EPS beat(16)13
Avg EPS beat(16)35.23%
Revenue beat(2)2
Avg Revenue beat(2)3.94%
Min Revenue beat(2)0.55%
Max Revenue beat(2)7.33%
Revenue beat(4)4
Avg Revenue beat(4)2.25%
Min Revenue beat(4)0.25%
Max Revenue beat(4)7.33%
Revenue beat(8)8
Avg Revenue beat(8)1.95%
Revenue beat(12)12
Avg Revenue beat(12)2.63%
Revenue beat(16)16
Avg Revenue beat(16)3.97%
PT rev (1m)-0.08%
PT rev (3m)0.82%
EPS NQ rev (1m)1.64%
EPS NQ rev (3m)7.12%
EPS NY rev (1m)3.78%
EPS NY rev (3m)5.98%
Revenue NQ rev (1m)0.04%
Revenue NQ rev (3m)-0.47%
Revenue NY rev (1m)0.2%
Revenue NY rev (3m)0.79%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.02 | ||
| Fwd PE | 31.21 | ||
| P/S | 8.74 | ||
| P/FCF | 35.29 | ||
| P/OCF | 16.08 | ||
| P/B | 1.89 | ||
| P/tB | 2.01 | ||
| EV/EBITDA | 19.1 |
EPS(TTM)2.12
EY3.03%
EPS(NY)2.24
Fwd EY3.2%
FCF(TTM)1.98
FCFY2.83%
OCF(TTM)4.35
OCFY6.22%
SpS8.01
BVpS37.04
TBVpS34.86
PEG (NY)5.69
PEG (5Y)4.03
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.12% | ||
| ROE | 5.75% | ||
| ROCE | 4.4% | ||
| ROIC | 3.48% | ||
| ROICexc | 3.5% | ||
| ROICexgc | 3.62% | ||
| OM | 35.34% | ||
| PM (TTM) | 26.6% | ||
| GM | 70.21% | ||
| FCFM | 24.77% |
ROA(3y)3.49%
ROA(5y)2.84%
ROE(3y)6.26%
ROE(5y)5.1%
ROIC(3y)3.42%
ROIC(5y)3.16%
ROICexc(3y)3.44%
ROICexc(5y)3.2%
ROICexgc(3y)3.58%
ROICexgc(5y)3.32%
ROCE(3y)4.33%
ROCE(5y)4.01%
ROICexcg growth 3Y-0.47%
ROICexcg growth 5Y4.33%
ROICexc growth 3Y-0.39%
ROICexc growth 5Y4.71%
OM growth 3Y-3.04%
OM growth 5Y1.59%
PM growth 3Y-4.97%
PM growth 5Y4.71%
GM growth 3Y-0.83%
GM growth 5Y-0.77%
F-Score7
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.66 | ||
| Debt/FCF | 12.24 | ||
| Debt/EBITDA | 4.85 | ||
| Cap/Depr | 108.97% | ||
| Cap/Sales | 29.58% | ||
| Interest Coverage | 3.18 | ||
| Cash Conversion | 86.98% | ||
| Profit Quality | 93.11% | ||
| Current Ratio | 0.49 | ||
| Quick Ratio | 0.49 | ||
| Altman-Z | 1.37 |
F-Score7
WACC7.49%
ROIC/WACC0.46
Cap/Depr(3y)105.74%
Cap/Depr(5y)116.95%
Cap/Sales(3y)28.13%
Cap/Sales(5y)31.96%
Profit Quality(3y)88.31%
Profit Quality(5y)168.01%
High Growth Momentum
Growth
EPS 1Y (TTM)3.41%
EPS 3Y0.16%
EPS 5Y8.19%
EPS Q2Q%-2.13%
EPS Next Y5.8%
EPS Next 2Y6.95%
EPS Next 3Y8.26%
EPS Next 5Y7.94%
Revenue 1Y (TTM)9.94%
Revenue growth 3Y7.63%
Revenue growth 5Y5.11%
Sales Q2Q%3.6%
Revenue Next Year6.73%
Revenue Next 2Y5.46%
Revenue Next 3Y5.43%
Revenue Next 5Y3.71%
EBIT growth 1Y9.75%
EBIT growth 3Y4.35%
EBIT growth 5Y6.79%
EBIT Next Year79.88%
EBIT Next 3Y24.81%
EBIT Next 5Y16.41%
FCF growth 1Y-15.91%
FCF growth 3Y75.84%
FCF growth 5Y22.26%
OCF growth 1Y9.81%
OCF growth 3Y6.22%
OCF growth 5Y4.93%