REGENCY CENTERS CORP REG
Regency Centers Corporation is a fully integrated real estate company and self-administered and self-managed real estate investment trust that began its operations as a publicly-traded REIT in 1993. Our corporate headquarters are located at One Independent Drive, Suite 114, Jacksonville, Florida. Regency Centers, L.P. is a subsidiary through which Regency Centers Corporation conducts substantially all of its operations, and which owns, directly or indirectly, substantially all of its assets. Our business consists of acquiring, developing, owning, and operating income-producing retail real estate principally located in suburban trade areas with compelling demographics within the United States of America ("USA" or "United States"). We generate revenues by leasing space to necessity, service, convenience, and value-based retailers serving the essential needs of our communities. Regency has been an S&P 500 Index member since 2017.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.55B | $1.45B | $1.32B | $1.22B | $1.17B | $1.02B | $1.13B | $1.12B | $984.3M | — |
| SG&A | $99.4M | $101.5M | $97.8M | $79.9M | $78.2M | $75.0M | $75.0M | $65.5M | $67.6M | — |
| Total operating expenses | $970.5M | $940.1M | $854.3M | $751.7M | $714.0M | $746.6M | $763.2M | $740.8M | $744.8M | — |
| Operating income | $1.12B | $1.05B | $951.3M | $896.8M | — | — | — | — | — | — |
| Interest expense | — | — | $154.2M | $146.2M | $145.2M | $156.7M | $151.3M | $148.5M | $132.6M | — |
| Pre-tax income | $407.5M | $359.5M | $320.3M | $428.2M | $319.2M | $13.1M | $182.3M | $209.4M | $125.9M | — |
| Income tax | — | $4.5M | $895.0K | $39.0K | $1.0M | $1.3M | $1.2M | $522.0K | $9.6M | — |
| Net income | $527.5M | $400.4M | $364.6M | $482.9M | $361.4M | $44.9M | $239.4M | $249.1M | $176.1M | $167.0M |
| Shares, diluted (wtd. avg.) | — | — | — | — | — | $169.5M | $167.8M | $170.1M | $160.0M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $120.7M | $61.9M | $91.4M | $68.8M | $95.0M | $378.4M | $115.6M | $45.2M | $49.4M | $17.9M |
| Property, plant and equipment | $12.7M | $8.0M | $6.7M | $5.8M | $5.4M | $6.6M | $7.1M | $6.1M | $6.1M | $4.1M |
| Goodwill | $166.7M | $166.7M | $167.1M | $167.1M | $167.1M | $173.9M | $307.4M | $314.1M | $331.9M | $0 |
| Other intangibles | $254.2M | $230.0M | $283.4M | $197.7M | $212.7M | $188.8M | $242.8M | $387.1M | $478.8M | $118.8M |
| Total assets | $13.00B | $12.39B | $12.43B | $10.86B | $10.79B | $10.94B | $11.13B | $10.94B | — | — |
| Long-term debt | $4.74B | $4.41B | $4.15B | $3.73B | $3.72B | $3.92B | $3.92B | $3.72B | $3.59B | $1.64B |
| Total liabilities | $5.82B | $5.49B | $5.23B | $4.68B | $4.68B | $4.88B | $4.84B | $4.49B | — | — |
| Total equity | $6.91B | $6.72B | $7.19B | $6.18B | $6.11B | $6.06B | $6.29B | $6.45B | $6.73B | $2.62B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $827.7M | $790.2M | $719.6M | $655.8M | $659.4M | $499.1M | $621.3M | $610.3M | $469.8M | — |
| Depreciation and amortisation | $405.0M | $394.7M | $352.3M | $319.7M | $303.3M | $345.9M | $374.3M | $359.7M | $334.2M | — |
| Stock-based compensation | $19.5M | $23.5M | $20.1M | $16.5M | $12.5M | $13.6M | $14.3M | $13.6M | $20.5M | — |
| Investing cash flow | -$421.1M | -$326.6M | -$342.0M | -$206.1M | -$286.4M | -$25.6M | -$282.7M | -$106.0M | -$1.01B | — |
| Financing cash flow | -$347.8M | -$493.0M | -$355.0M | -$476.0M | -$656.5M | -$210.6M | -$268.2M | -$508.5M | $568.9M | — |
| Dividends paid | $511.6M | $490.4M | $453.1M | $428.3M | $403.1M | $300.5M | $390.6M | $376.0M | $322.6M | — |
| Buybacks | — | $200.1M | $20.0M | $75.4M | — | $0 | $32.8M | $213.9M | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-051668.
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