Regency Centers Corp

Chart & Performance

D1W1MN

Profile

Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers. Operating as a fully integrated real estate company, Regency Centers is a qualified real estate investment trust (REIT) that is self-administered, self-managed, and an S&P 500 Index member.

URL

https://www.regencycenters.com/

IPO date

Oct 29, 1993

Employees

440

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	1,322,466 8.04%	1,224,022 4.96%	1,166,161 14.76%
Cost of revenue	492,575	426,434	406,388
Unusual Expense (Income)
NOPBT	829,891	797,588	759,773
NOPBT Margin	62.75%	65.16%	65.15%
Operating Taxes		146,186	191,750
Tax Rate		18.33%	25.24%
NOPAT	829,891	651,402	568,023
Net income	364,557 6.64%	341,849 95.86%	174,538 -225.82%
Dividends	(456,478)	(428,276)	(403,085)
Dividend yield	3.86%	3.99%	3.13%
Proceeds from repurchase of equity	(36,831)	(20,518)	78,523
BB yield	0.31%	0.19%	-0.61%
Debt
Debt current	395,978	4,294,680	17,237
Long-term debt	5,046,701	4,154,198	4,150,520
Deferred revenue		(12,588)	(13,344)
Other long-term liabilities	120,006	424,446	425,628
Net debt	4,935,111	8,029,725	3,700,139
Cash flow
Cash from operating activities	719,591	655,815	659,388
CAPEX		4,888	(262,731)
Cash from investing activities	(341,978)	(206,108)	(286,352)
Cash from financing activities	(355,035)	(475,958)	(656,459)
FCF	4,672,810	(3,550,432)	577,740
Balance
Cash	84,971	68,776	95,027
Long term investments	422,597	350,377	372,591
Excess cash	441,445	357,952	409,310
Stockholders' equity	(1,486,817)	(1,674,652)	(1,750,768)
Invested Capital	13,597,072	16,499,705	12,224,953
ROIC	5.51%	4.54%	4.63%
ROCE	6.85%	5.38%	7.24%
EV
Common stock shares outstanding	176,371	171,791	170,694
Price	67.00 7.20%	62.50 -17.05%	75.35 65.28%
Market cap	11,816,857 10.06%	10,736,938 -16.52%	12,861,793 66.48%
EV	17,136,216	18,847,716	16,634,493
EBITDA	1,153,043	1,096,290	1,040,168
EV/EBITDA	14.86	17.19	15.99
Interest	155,776	141,320	139,787
Interest/NOPBT	18.77%	17.72%	18.40%