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REGENCY CENTERS CORP (REG) Stock Fundamental Analysis

NASDAQ:REG - Nasdaq - US7588491032 - REIT - Currency: USD

71.18  -0.35 (-0.49%)

After market: 71.18 0 (0%)

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to REG. REG was compared to 129 industry peers in the Diversified REITs industry. While REG has a great profitability rating, there are quite some concerns on its financial health. While showing a medium growth rate, REG is valued expensive at the moment. Finally REG also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

REG had positive earnings in the past year.
REG had a positive operating cash flow in the past year.
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.
REG Yearly Net Income VS EBIT VS OCF VS FCFREG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M 600M

1.2 Ratios

Looking at the Return On Assets, with a value of 3.08%, REG is in the better half of the industry, outperforming 77.52% of the companies in the same industry.
REG's Return On Equity of 5.77% is fine compared to the rest of the industry. REG outperforms 73.64% of its industry peers.
REG has a better Return On Invested Capital (3.52%) than 67.44% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for REG is in line with the industry average of 3.16%.
The last Return On Invested Capital (3.52%) for REG is above the 3 year average (3.42%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 3.08%
ROE 5.77%
ROIC 3.52%
ROA(3y)3.49%
ROA(5y)2.84%
ROE(3y)6.26%
ROE(5y)5.1%
ROIC(3y)3.42%
ROIC(5y)3.16%
REG Yearly ROA, ROE, ROICREG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6

1.3 Margins

REG's Profit Margin of 26.28% is amongst the best of the industry. REG outperforms 82.17% of its industry peers.
In the last couple of years the Profit Margin of REG has grown nicely.
REG has a better Operating Margin (36.03%) than 78.29% of its industry peers.
In the last couple of years the Operating Margin of REG has grown nicely.
REG has a Gross Margin of 70.07%. This is comparable to the rest of the industry: REG outperforms 59.69% of its industry peers.
REG's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 36.03%
PM (TTM) 26.28%
GM 70.07%
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%
REG Yearly Profit, Operating, Gross MarginsREG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

3

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
Compared to 5 years ago, REG has more shares outstanding
Compared to 1 year ago, REG has a worse debt to assets ratio.
REG Yearly Shares OutstandingREG Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
REG Yearly Total Debt VS Total AssetsREG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2.2 Solvency

Based on the Altman-Z score of 1.34, we must say that REG is in the distress zone and has some risk of bankruptcy.
With an excellent Altman-Z score value of 1.34, REG belongs to the best of the industry, outperforming 87.60% of the companies in the same industry.
REG has a debt to FCF ratio of 19.88. This is a negative value and a sign of low solvency as REG would need 19.88 years to pay back of all of its debts.
REG has a better Debt to FCF ratio (19.88) than 78.29% of its industry peers.
REG has a Debt/Equity ratio of 0.69. This is a neutral value indicating REG is somewhat dependend on debt financing.
REG has a better Debt to Equity ratio (0.69) than 79.84% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.69
Debt/FCF 19.88
Altman-Z 1.34
ROIC/WACC0.47
WACC7.53%
REG Yearly LT Debt VS Equity VS FCFREG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B 6B

2.3 Liquidity

REG has a Current Ratio of 0.60. This is a bad value and indicates that REG is not financially healthy enough and could expect problems in meeting its short term obligations.
REG's Current ratio of 0.60 is on the low side compared to the rest of the industry. REG is outperformed by 72.87% of its industry peers.
REG has a Quick Ratio of 0.60. This is a bad value and indicates that REG is not financially healthy enough and could expect problems in meeting its short term obligations.
REG has a worse Quick ratio (0.58) than 73.64% of its industry peers.
Industry RankSector Rank
Current Ratio 0.6
Quick Ratio 0.58
REG Yearly Current Assets VS Current LiabilitesREG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

4

3. Growth

3.1 Past

REG shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.91%.
The Earnings Per Share has been growing by 8.19% on average over the past years. This is quite good.
REG shows a small growth in Revenue. In the last year, the Revenue has grown by 7.50%.
The Revenue has been growing slightly by 5.11% on average over the past years.
EPS 1Y (TTM)2.91%
EPS 3Y0.16%
EPS 5Y8.19%
EPS Q2Q%0%
Revenue 1Y (TTM)7.5%
Revenue growth 3Y7.63%
Revenue growth 5Y5.11%
Sales Q2Q%4.69%

3.2 Future

The Earnings Per Share is expected to grow by 8.46% on average over the next years. This is quite good.
REG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.71% yearly.
EPS Next Y8.11%
EPS Next 2Y7.93%
EPS Next 3Y8.85%
EPS Next 5Y8.46%
Revenue Next Year6.94%
Revenue Next 2Y5.46%
Revenue Next 3Y5.17%
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.
REG Yearly Revenue VS EstimatesREG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B
REG Yearly EPS VS EstimatesREG Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 1 2 3 4

3

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 33.58 indicates a quite expensive valuation of REG.
The rest of the industry has a similar Price/Earnings ratio as REG.
Compared to an average S&P500 Price/Earnings ratio of 28.04, REG is valued at the same level.
With a Price/Forward Earnings ratio of 28.82, REG can be considered very expensive at the moment.
Based on the Price/Forward Earnings ratio, REG is valued a bit cheaper than the industry average as 78.29% of the companies are valued more expensively.
REG's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 37.64.
Industry RankSector Rank
PE 33.58
Fwd PE 28.82
REG Price Earnings VS Forward Price EarningsREG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

81.40% 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 62.02% of the companies in the same industry.
Industry RankSector Rank
P/FCF 55.33
EV/EBITDA 19
REG Per share dataREG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of REG may justify a higher PE ratio.
PEG (NY)4.14
PEG (5Y)4.1
EPS Next 2Y7.93%
EPS Next 3Y8.85%

7

5. Dividend

5.1 Amount

REG has a Yearly Dividend Yield of 6.78%, which is a nice return.
REG's Dividend Yield is a higher than the industry average which is at 6.65.
REG's Dividend Yield is rather good when compared to the S&P500 average which is at 2.35.
Industry RankSector Rank
Dividend Yield 6.78%

5.2 History

The dividend of REG has a limited annual growth rate of 3.44%.
REG has paid a dividend for at least 10 years, which is 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
REG Yearly Dividends per shareREG Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2 2.5

5.3 Sustainability

REG pays out 131.47% of its income as dividend. This is not a sustainable payout ratio.
The dividend of REG is growing, but earnings are growing more, so the dividend growth is sustainable.
DP131.47%
EPS Next 2Y7.93%
EPS Next 3Y8.85%
REG Yearly Income VS Free CF VS DividendREG Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M
REG Dividend Payout.REG Dividend Payout, showing the Payout Ratio.REG Dividend Payout.PayoutRetained Earnings

REGENCY CENTERS CORP

NASDAQ:REG (7/25/2025, 8:21:37 PM)

After market: 71.18 0 (0%)

71.18

-0.35 (-0.49%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)04-29 2025-04-29/amc
Earnings (Next)07-29 2025-07-29/amc
Inst Owners104.83%
Inst Owner Change-0.18%
Ins Owners0.73%
Ins Owner Change0.54%
Market Cap12.92B
Analysts80
Price Target80.41 (12.97%)
Short Float %3.55%
Short Ratio5.94
Dividend
Industry RankSector Rank
Dividend Yield 6.78%
Yearly Dividend2.76
Dividend Growth(5Y)3.44%
DP131.47%
Div Incr Years11
Div Non Decr Years14
Ex-Date06-11 2025-06-11 (0.705)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1.3%
Min EPS beat(2)-5.51%
Max EPS beat(2)2.91%
EPS beat(4)3
Avg EPS beat(4)7.58%
Min EPS beat(4)-5.51%
Max EPS beat(4)16.69%
EPS beat(8)6
Avg EPS beat(8)6.28%
EPS beat(12)10
Avg EPS beat(12)10.6%
EPS beat(16)13
Avg EPS beat(16)24.56%
Revenue beat(2)2
Avg Revenue beat(2)4.36%
Min Revenue beat(2)1.4%
Max Revenue beat(2)7.33%
Revenue beat(4)4
Avg Revenue beat(4)2.38%
Min Revenue beat(4)0.25%
Max Revenue beat(4)7.33%
Revenue beat(8)8
Avg Revenue beat(8)1.96%
Revenue beat(12)12
Avg Revenue beat(12)2.27%
Revenue beat(16)16
Avg Revenue beat(16)3.66%
PT rev (1m)0.01%
PT rev (3m)-1.3%
EPS NQ rev (1m)-0.36%
EPS NQ rev (3m)2.04%
EPS NY rev (1m)0.22%
EPS NY rev (3m)2.18%
Revenue NQ rev (1m)0.25%
Revenue NQ rev (3m)0.33%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.2%
Valuation
Industry RankSector Rank
PE 33.58
Fwd PE 28.82
P/S 8.78
P/FCF 55.33
P/OCF 16.49
P/B 1.93
P/tB 2.05
EV/EBITDA 19
EPS(TTM)2.12
EY2.98%
EPS(NY)2.47
Fwd EY3.47%
FCF(TTM)1.29
FCFY1.81%
OCF(TTM)4.32
OCFY6.06%
SpS8.1
BVpS36.91
TBVpS34.71
PEG (NY)4.14
PEG (5Y)4.1
Profitability
Industry RankSector Rank
ROA 3.08%
ROE 5.77%
ROCE 4.46%
ROIC 3.52%
ROICexc 3.54%
ROICexgc 3.67%
OM 36.03%
PM (TTM) 26.28%
GM 70.07%
FCFM 15.87%
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 RankSector Rank
Debt/Equity 0.69
Debt/FCF 19.88
Debt/EBITDA 5.02
Cap/Depr 139.62%
Cap/Sales 37.39%
Interest Coverage 2.98
Cash Conversion 84.81%
Profit Quality 60.41%
Current Ratio 0.6
Quick Ratio 0.58
Altman-Z 1.34
F-Score7
WACC7.53%
ROIC/WACC0.47
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)2.91%
EPS 3Y0.16%
EPS 5Y8.19%
EPS Q2Q%0%
EPS Next Y8.11%
EPS Next 2Y7.93%
EPS Next 3Y8.85%
EPS Next 5Y8.46%
Revenue 1Y (TTM)7.5%
Revenue growth 3Y7.63%
Revenue growth 5Y5.11%
Sales Q2Q%4.69%
Revenue Next Year6.94%
Revenue Next 2Y5.46%
Revenue Next 3Y5.17%
Revenue Next 5Y3.71%
EBIT growth 1Y11.08%
EBIT growth 3Y4.35%
EBIT growth 5Y6.79%
EBIT Next Year80.6%
EBIT Next 3Y24.92%
EBIT Next 5Y16.41%
FCF growth 1Y-26.91%
FCF growth 3Y75.84%
FCF growth 5Y22.26%
OCF growth 1Y16.07%
OCF growth 3Y6.22%
OCF growth 5Y4.93%