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Regency Centers
(NASDAQ:REG)
Regency Centers (REG) vs. SPDR S&P 500 ETF (SPY)
Regency Centers Business Overview & Revenue Model
Regency Centers Key Performance Indicators (KPIs)
Indicates the total count of properties owned, reflecting the company's market presence and potential for rental income generation.
The FlyRegency Centers Earnings Call Summary
Regency Centers Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.55B | 1.50B | 1.37B | 1.27B | 1.20B |
| Gross Profit | 694.11M | 1.07B | 975.08M | 925.15M | 877.18M |
| EBITDA | 980.61M | 939.75M | 839.58M | 818.05M | 771.32M |
| Net Income | 527.46M | 400.39M | 364.56M | 482.87M | 361.41M |
Balance Sheet | |||||
| Total Assets | 13.00B | 12.39B | 12.43B | 10.86B | 10.79B |
| Cash, Cash Equivalents and Short-Term Investments | 120.66M | 56.28M | 84.97M | 66.47M | 93.10M |
| Total Debt | 5.94B | 5.02B | 4.80B | 4.29B | 4.30B |
| Total Liabilities | 5.82B | 5.49B | 5.23B | 4.68B | 4.68B |
| Stockholders Equity | 6.91B | 6.72B | 7.03B | 6.10B | 6.04B |
Cash Flow | |||||
| Free Cash Flow | 393.97M | 447.28M | 525.58M | 501.86M | 396.66M |
| Operating Cash Flow | 829.08M | 790.65M | 720.87M | 656.93M | 659.39M |
| Investing Cash Flow | -405.94M | -326.64M | -341.98M | -206.11M | -286.35M |
| Financing Cash Flow | -364.37M | -493.02M | -355.04M | -475.96M | -656.46M |
Regency Centers Technical Analysis
Regency Centers Risk Analysis
Regency Centers Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $8.60B | 19.08 | 8.88% | 6.04% | 4.53% | -3.46% | |
79 Outperform | $9.66B | 36.86 | 3.49% | 4.28% | 14.67% | -5.17% | |
75 Outperform | $14.30B | 24.78 | 9.30% | 4.15% | 5.38% | 3.13% | |
73 Outperform | $9.16B | 20.85 | 13.01% | 4.41% | 6.07% | -0.28% | |
72 Outperform | $9.27B | 21.05 | 12.74% | 4.38% | 6.05% | 14.70% | |
71 Outperform | $15.61B | 23.39 | 5.56% | 5.02% | 7.99% | 55.05% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
Regency Centers Corporate Events
Regency Centers Corporation announced the passing of co-founder and former Chair Joan Wellhouse Stein Newton at age 97, highlighting her pivotal role in guiding the company from its founding in 1963 through its 1993 initial public offering and her status as one of the most significant female leaders in the U.S. REIT industry. The company also disclosed that, in connection with the implementation of her estate plan, Martin E. (“Hap”) Stein, Jr., the current Executive Chair and her son, may sell between 150,000 and 200,000 shares of Regency common stock under Rule 144 in the coming days, emphasizing that any such transactions are for estate-related reasons and do not signal a change in his role or commitment to the company.
The most recent analyst rating on (REG) stock is a Buy with a $91.00 price target. To see the full list of analyst forecasts on Regency Centers stock, see the REG Stock Forecast page.
Regency Centers Corporation announced that co-founder and longtime leader Joan Wellhouse Stein Newton has died at age 97, marking the passing of a pioneering figure in both the company’s history and the broader U.S. REIT sector. Newton co-founded Regency in 1963, became chair of the board after her husband’s death in 1987, led the company through its 1993 IPO, and remained chair until 1997 and then chair emeritus until 2006, leaving a lasting legacy in the real estate industry.
Following her death, the company disclosed that Martin E. “Hap” Stein, Jr., her son and Regency’s current executive chair, may sell between 150,000 and 200,000 shares of Regency common stock over the coming days as part of implementing her estate plan under Rule 144. Regency emphasized that any such share sales are intended to provide transparency to shareholders and should not be viewed as signaling any change in Stein’s role or commitment to the company.
The most recent analyst rating on (REG) stock is a Buy with a $91.00 price target. To see the full list of analyst forecasts on Regency Centers stock, see the REG Stock Forecast page.
On March 2, 2026, Regency Centers Corporation released an updated investor presentation for use at financial conferences and investor meetings beginning that day and over the following weeks. The presentation, made available through the company’s investor relations website, is intended to provide shareholders and analysts with refreshed information on Regency’s business and financial profile, though it was furnished rather than formally filed under securities law, limiting its regulatory liability status.
The most recent analyst rating on (REG) stock is a Buy with a $85.00 price target. To see the full list of analyst forecasts on Regency Centers stock, see the REG Stock Forecast page.
On March 2, 2026, Regency Centers Corporation released an updated investor presentation for use at conferences and meetings beginning that day and over the following weeks. The presentation was made accessible through the investor relations section of the company’s website, underscoring Regency’s ongoing efforts to provide current information and maintain engagement with its investor base.
By updating and distributing this investor presentation, Regency aims to shape how the market and stakeholders assess its strategy, performance, and outlook. The move may influence investor perceptions and support the company’s positioning within the real estate investment sector as it communicates key messages to analysts and institutional audiences.
The most recent analyst rating on (REG) stock is a Buy with a $85.00 price target. To see the full list of analyst forecasts on Regency Centers stock, see the REG Stock Forecast page.
On February 18, 2026, Regency Centers, L.P., the operating partnership of Regency Centers Corporation, entered into an underwriting agreement to issue $450 million of senior unsecured notes due March 15, 2033, priced at 99.376% of par with a 4.50% coupon, guaranteed by the parent company. The notes offering, which closed on February 23, 2026, is expected to generate roughly $443.3 million in net proceeds and ranks pari passu with the partnership’s existing and future unsecured, unsubordinated debt obligations.
Regency plans to use the proceeds to pay down its line of credit, retire $100 million of 3.81% notes maturing on May 11, 2026, and fund general corporate purposes including capital expenditures, development and redevelopment projects and future debt repayment. The transaction underscores the REIT’s continued access to public bond markets and supports balance‑sheet optimization by extending debt maturities, modestly refinancing near‑term obligations and providing capital for ongoing investment in its shopping center portfolio.
The most recent analyst rating on (REG) stock is a Buy with a $86.00 price target. To see the full list of analyst forecasts on Regency Centers stock, see the REG Stock Forecast page.
Regency Centers Corporation is a U.S.-based, fully integrated real estate investment trust that is a preeminent national owner, operator and developer of shopping centers in suburban trade areas with attractive demographics. Its portfolio is anchored by highly productive grocers, restaurants, service providers and best-in-class retailers, and the company is self-administered, self-managed and a member of the S&P 500 Index.
On February 18, 2026, Regency Centers’ operating partnership priced a $450 million public offering of senior unsecured notes due March 15, 2033, with a 4.50% coupon and an issue price of 99.376% of par, and the offering closed on February 23, 2026. The notes, guaranteed by Regency and ranking pari passu with existing unsecured debt, are expected to provide roughly $443.3 million in net proceeds that will be used to pay down the company’s credit line, refinance $100 million of 3.81% notes maturing in May 2026 and fund general corporate needs including capital projects and future debt repayment, underscoring an effort to optimize its capital structure and support ongoing development and redevelopment activity.
The most recent analyst rating on (REG) stock is a Buy with a $86.00 price target. To see the full list of analyst forecasts on Regency Centers stock, see the REG Stock Forecast page.
On February 17, 2026, Regency Centers Corporation expanded its at-the-market equity offering program by adding RBC Capital Markets, LLC and Royal Bank of Canada as additional sales agent, forward seller, and forward purchaser counterparties under an equity distribution agreement and related forward master confirmation. With RBC joining an existing syndicate of major banks, the company can continue to offer and sell up to an aggregate $500 million of common stock, either directly or via forward sale agreements, providing added flexibility in how and when it raises equity capital and potentially smoothing its impact on the market and existing shareholders.
Under the structure, sales agents may sell newly issued shares at prevailing market prices for a commission of up to 2% of gross proceeds, while forward purchasers or their affiliates may borrow and sell shares in connection with forward sale agreements that the company expects to settle primarily through physical delivery. This framework gives Regency Centers multiple tools to time equity issuance with its financing needs and market conditions, although the company will not receive proceeds from borrowed share sales until settlement of the corresponding forward contracts, and it retains the option of alternative cash or net share settlement mechanisms that could affect future cash flows and share count.
The most recent analyst rating on (REG) stock is a Buy with a $86.00 price target. To see the full list of analyst forecasts on Regency Centers stock, see the REG Stock Forecast page.
On February 17, 2026, Regency Centers Corporation expanded its existing at-the-market equity offering program by adding RBC Capital Markets and Royal Bank of Canada as additional sales agents, forward sellers, and forward purchasers for the issuance and sale of up to $500 million of its common stock. The new agreements allow Regency to utilize forward sale structures in which shares may be borrowed and sold into the market now, with the company receiving cash proceeds upon later physical settlement, providing added flexibility to time equity issuance, manage funding needs, and potentially optimize its capital costs while capping total aggregate sales at $500 million.
Under the program, sales agents will place shares at prevailing market prices and receive commissions capped at 2.0% of gross sales, while forward sellers receive similar economics through a reduced initial forward sale price on borrowed shares. Although Regency will not initially receive proceeds from the sale of borrowed shares by forward sellers, the structure broadens the company’s toolkit for incremental equity financing, which may influence its leverage profile, support future investment activity, and affect existing shareholders depending on the scale and timing of eventual share issuance.
The most recent analyst rating on (REG) stock is a Buy with a $86.00 price target. To see the full list of analyst forecasts on Regency Centers stock, see the REG Stock Forecast page.
On February 4, 2026, Regency Centers Corporation announced that long-serving director C. Ronald Blankenship will retire from its Board of Directors at the expiration of his current term, immediately following the company’s 2026 Annual Meeting of Shareholders. The company emphasized that Blankenship’s decision, after 25 years of service and leadership on the Board, did not stem from any disagreement over operations, policies or practices, and publicly expressed deep appreciation for his longstanding contributions and guidance.
The most recent analyst rating on (REG) stock is a Buy with a $85.00 price target. To see the full list of analyst forecasts on Regency Centers stock, see the REG Stock Forecast page.
On February 5, 2026, Regency Centers reported strong financial and operating results for the fourth quarter and full year ended December 31, 2025, and issued initial 2026 earnings guidance. Net income attributable to common shareholders rose to $1.09 per diluted share in the fourth quarter from $0.46 a year earlier and to $2.82 per diluted share for 2025 from $2.11 in 2024, aided by a $72.2 million gain from a partial distribution-in-kind transaction. Nareit FFO grew to $1.17 per diluted share for the quarter and $4.64 for the year, while Core Operating Earnings reached $1.12 and $4.41 per diluted share, respectively, translating into full-year per-share growth of 7.9% for Nareit FFO and 6.8% for Core Operating Earnings. Operationally, Regency delivered Same Property NOI growth of 4.7% in the fourth quarter and 5.3% for the year, maintained a high 96.5% leased rate across its same-property portfolio, and executed 6.8 million square feet of comparable new and renewal leases in 2025 with robust double-digit cash and straight-line rent spreads, underscoring strong tenant demand. The company accelerated capital deployment, starting $318 million and completing $212 million of development and redevelopment projects in 2025, with $597 million of projects in process at a blended estimated 9% yield, and it reshaped its portfolio via joint venture property distributions, asset sales and targeted acquisitions, including $538 million of shopping center purchases and a post-year-end redevelopment acquisition on Long Island. With pro-rata net debt and preferred stock at 5.1x trailing operating EBITDAre, ample liquidity under its revolving credit facility, and a higher common dividend declared on February 4, 2026, Regency signaled confidence in its balance sheet strength and positioned itself for continued internal and external growth, reinforcing its competitive standing in the open-air shopping center sector and its ability to deliver long-term value to shareholders.
The most recent analyst rating on (REG) stock is a Buy with a $83.00 price target. To see the full list of analyst forecasts on Regency Centers stock, see the REG Stock Forecast page.
On February 5, 2026, Regency Centers reported that for the quarter and year ended December 31, 2025, net income attributable to common shareholders rose to $1.09 per diluted share from $0.46 a year earlier in the quarter and to $2.82 from $2.11 for the full year, supported by a $72.2 million gain from a partial distribution-in-kind transaction. The company delivered full-year Nareit FFO of $4.64 per diluted share, up 7.9%, and Core Operating Earnings of $4.41 per diluted share, up 6.8%, while Same Property NOI grew 4.7% in the fourth quarter and 5.3% for the year, occupancy remained high at 96.5% leased, and 6.8 million square feet of new and renewal leases were signed at double-digit cash rent spreads. Regency accelerated capital deployment in 2025 with $318 million of development and redevelopment starts and $212 million of completions, including several new grocery-anchored centers, executed a joint-venture property rebalancing and a Miami asset sale, maintained a conservative balance sheet with pro-rata net debt and preferred stock at 5.1x EBITDAre and $1.4 billion of revolver capacity, and on February 4, 2026, its board approved higher common and preferred dividends, underscoring confidence in the company’s growth trajectory and shareholder return profile.
The most recent analyst rating on (REG) stock is a Buy with a $83.00 price target. To see the full list of analyst forecasts on Regency Centers stock, see the REG Stock Forecast page.