Top Page
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 | 0.00 | 447.28M | 525.58M | 501.86M | 396.66M |
| Operating Cash Flow | 0.00 | 790.65M | 720.87M | 656.93M | 659.39M |
| Investing Cash Flow | 0.00 | -326.64M | -341.98M | -206.11M | -286.35M |
| Financing Cash Flow | 0.00 | -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 | $8.28B | 21.06 | 8.89% | 6.04% | 4.53% | -3.46% | |
79 Outperform | $9.20B | 43.41 | 3.47% | 4.28% | 14.67% | -5.17% | |
77 Outperform | $13.85B | 26.86 | 7.74% | 4.15% | 5.38% | 3.13% | |
73 Outperform | $8.97B | 23.36 | 12.86% | 4.41% | 6.07% | -0.28% | |
72 Outperform | $9.15B | 22.54 | 12.76% | 4.38% | 6.05% | 14.70% | |
71 Outperform | $15.35B | 27.73 | 5.53% | 5.02% | 7.99% | 55.05% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
Regency Centers Corporate Events
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.
On December 8, 2025, Regency Centers Corporation released an updated investor presentation to be used at various conferences and meetings. This presentation is available on their website, providing stakeholders with insights into Regency’s current operations and strategic positioning.
The most recent analyst rating on (REG) stock is a Buy with a $76.00 price target. To see the full list of analyst forecasts on Regency Centers stock, see the REG Stock Forecast page.
On December 8, 2025, Regency Centers Corporation released an updated investor presentation for use at upcoming conferences and meetings. This presentation, available on their investor relations website, aims to provide stakeholders with current insights into the company’s strategic direction and operational updates.
The most recent analyst rating on (REG) stock is a Buy with a $76.00 price target. To see the full list of analyst forecasts on Regency Centers stock, see the REG Stock Forecast page.
On July 24, 2025, Regency Centers announced the acquisition of a portfolio of five shopping centers in Orange County, California, for $357 million. This strategic acquisition enhances Regency’s presence in a supply-constrained coastal market and aligns with its capital allocation objectives, including earnings accretion and growth. The transaction was funded through a combination of operating partnership units, assumed mortgage debt, and cash, and is expected to positively impact the company’s 2025 Core Operating Earnings per share.
The most recent analyst rating on (REG) stock is a Hold with a $84.00 price target. To see the full list of analyst forecasts on Regency Centers stock, see the REG Stock Forecast page.