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Owns and operates grocery-anchored open-air shopping centers across the United States.
Owns and operates grocery-anchored open-air shopping centers across the United States.
Collects rent from grocers and neighbourhood service tenants under long leases with scheduled increases, passing most property costs on to tenants. The 2017 merger with Equity One widened the portfolio. As a REIT, it pays out most of its taxable income.
Moat: narrow (scale, installed base). A large portfolio of well-located, grocery-anchored centers with resilient, needs-based tenant demand.
Headquarters: Jacksonville, Florida, United States · Founded: 1963 · Employees: 507
Size Regency Centers (REG) is a United States Real Estate company (Real Estate Investment Trusts) with a market value of $13.7B, the 647th largest of 3,117 United States companies the cockpit tracks. Shares closed at $74.84 on 6 Nov 2026.
Performance Over six months the shares fell 2.6%, against -1.2% for the median peer and -1.1% for the United States market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 8.4% over the last twelve months (peer median +4.5%); the operating margin is 37.3% (peer median 33.0%).
Valuation It trades at 2.06× book value against a peer median of 1.79× (10th most expensive of 21).
Price implies The share price implies a return on equity of about 15.2%; Regency Centers delivers 8.2%, so the price asks more than the business earns today.
Credit Regency Centers has 8 bonds outstanding ($3.42B), rated A- by the agencies and trading like A- at a weighted spread of 66 bp.
Short interest Short interest is 3.9% of the free float (15 Oct 2026).
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.62B | $1.56B | $1.46B | $1.28B | $1.18B |
| Revenue growth | — | +7% | +14% | +9% | — |
| Gross profit | $718M | $694M | $629M | $576M | $545M |
| EBITDA | $1.03B | $988M | $913M | $781M | $749M |
| Net income | $556M | $527M | $400M | $365M | $483M |
| Free cash flow | $416M | $394M | $447M | $526M | $502M |
| Capital expenditure | $442M | $435M | $343M | $195M | $155M |
| Total debt | $5.49B | $5.34B | $5.02B | $4.80B | $4.29B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Regency Centers REG | $13.7B | -3% | +8% | 8% | 2.06× | 15.2% |
| Kimco Realty KIM | $17.0B | +10% | +3% | 7% | 1.67× | 13.9% |
| Federal Realty Investment Trust FRT | $9.74B | -2% | +8% | 14% | 3.14× | 23.7% |
| Brixmor Property BRX | $9.21B | +1% | +5% | 14% | 3.05× | 23.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | REG | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.7% | +6.0% | 10th lowest of 21 |
| 6-month return | -2.6% | -1.2% | 10th lowest of 21 |
| Return on equity | 8.2% | 7.3% | 7th highest of 21 |
| Price / book | 2.06× | 1.79× | 10th most expensive of 21 |
| Trailing P/E | 25.2× | 28.5× | 8th cheapest of 18 |
| ROE the price implies | 15.2% | 14.8% | 9th most demanding of 21 |
| ROE delivered | 8.2% | 7.3% | 7th highest of 21 |
| Bond spread | 66 bp | 94 bp | tightest of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Regency Centers REG | United States | $13.7B | -3% | +8% | 8% | 2.06× | 15.2% | 8.2% |
| Mid-America Apartment Communities MAA | United States | $13.8B | -8% | +1% | 7% | 2.45× | 16.1% | 7.0% |
| Link REIT 0823.HK | Hong Kong | $13.8B | +3% | -3% | -5% | 0.71× | 5.9% | -4.7% |
| Camden Property Trust CPT | United States | $13.4B | -3% | +1% | 8% | 2.68× | 18.2% | 7.8% |
| Healthpeak Properties DOC | United States | $14.3B | +4% | +9% | 5% | 1.78× | 15.1% | 4.9% |
| Sun Communities SUI | United States | $14.4B | -4% | -19% | 5% | 2.76× | 18.4% | 5.3% |
| Scentre SCG.AX | Australia | $13.1B | -1% | -4% | 10% | 0.97× | 11.6% | 10.4% |
| Omega Healthcare Investors OHI | United States | $14.6B | +2% | +14% | 14% | 2.66× | 15.3% | 14.2% |
| CapitaLand Integrated Commercial Trust C38U.SI | Singapore | $14.6B | +2% | +5% | 8% | 1.09× | 6.1% | 7.6% |
| Annaly Capital Management NLY | United States | $14.8B | -17% | +23% | 7% | 1.05× | 11.8% | 7.3% |
| American Healthcare REIT AHR | United States | $12.7B | +12% | +16% | 4% | 3.05× | 20.7% | 4.0% |
| W. P. Carey WPC | United States | $15.0B | -12% | +9% | 8% | 1.71× | 12.9% | 7.7% |
| Weyerhaeuser WY | United States | $15.1B | -10% | -1% | 5% | 1.61× | 13.6% | 4.8% |
| Equity LifeStyle Properties ELS | United States | $12.3B | 0% | +3% | 22% | 6.99× | 37.4% | 22.3% |
| Invitation Homes INVH | United States | $15.6B | -5% | +5% | 7% | 1.79× | 13.6% | 7.4% |
| Lamar Advertising LAMR | United States | $15.8B | -1% | +4% | 59% | 16.13× | 134.1% | 58.9% |
| American Homes 4 Rent AMH | United States | $11.8B | +2% | +4% | 7% | 1.73× | 12.9% | 6.8% |
| UDR UDR | United States | $11.6B | -1% | +1% | 22% | 3.76× | 22.9% | 21.8% |
| Gaming and Leisure Properties GLPI | United States | $11.3B | -19% | +7% | 20% | 2.28× | 14.8% | 19.6% |
| SEGRO SGRO.L | United Kingdom | $16.6B | +33% | +7% | 2% | 1.03× | 14.8% | 2.5% |
| AGNC Investment AGNC | United States | $11.2B | -19% | +152% | 1% | 1.15× | 13.1% | 0.9% |
Regency Centers has 8 bonds outstanding with $3.42B face value. The agencies rate it A-; its bonds trade like A-. Weighted yield 5.30%, a spread of 66 bp over government bonds.