Regency Centers Corp (REGCP) stock analysis
Close on Nov 3, 2026Market cap $13.77BP/E –Yield 3.82%
StockData Score
Prices as of Nov 3, 2026How the score works
Mixed14 of 30 checks passed
Regency Centers passes 14 of the 30 checks behind our score; 6 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 1/6
- Growth
- 1/6
- Past performance
- 5/6
- Financial health
- 4/6
- Dividend
- 3/6
What stands out
Return on capital over 10%
Return on invested capital was 13.9%, above the 10% that usually covers the cost of capital.
No debt
Regency Centers has no borrowings on its latest balance sheet.
Earnings grew over 5 years
Net income grew 63.7% a year on average over the last five fiscal years.
Interest well covered
No meaningful interest expense to cover.
What to watch
Margin of safety under 20%
The price is 5.4% above fair value, so there is no margin of safety.
Trading above fair value
The share price of $75.17 is above our fair value estimate of $71.35.
Return on equity under 15%
Return on equity was 8.2% over the last twelve months and averaged 6.6% over five years; we look for 15% on both.
Revenue growing under 10% a year
Revenue grew 8.3% a year over the last three fiscal years, short of the 10% we look for.
Valuation1/6
P/E against its history
Not enough price and earnings history to compare.
P/E against the industry
Needs positive earnings and enough profitable companies in the industry.
EV/EBITDA below its 5-year median
Regency Centers's EV/EBITDA of 8.7 is below its 5-year median of 9.3.
P/B above the industry
Regency Centers's price-to-book of 2.00 is above the Miscellaneous Investing median of 1.20.
Trading above fair value
The share price of $75.17 is above our fair value estimate of $71.35.
Margin of safety under 20%
The price is 5.4% above fair value, so there is no margin of safety.
Growth1/6
Revenue growing under 10% a year
Revenue grew 8.3% a year over the last three fiscal years, short of the 10% we look for.
EPS growth over 3 years
Needs positive EPS three years ago and today.
Earnings growth not accelerating
Net income grew 37.8% over the last twelve months, against a 5-year average of 63.7% a year.
Growing faster than the industry
Revenue grew 8.2% over the last twelve months; the Miscellaneous Investing median is 4.5%.
Guidance lowered
Regency Centers lowered its Full Year 2026 Non-cash revenues (2) outlook on Jul 29, 2026.
Gross margin trend
This company does not report gross profit.
Past performance5/6
Return on equity under 15%
Return on equity was 8.2% over the last twelve months and averaged 6.6% over five years; we look for 15% on both.
Return on capital over 10%
Return on invested capital was 13.9%, above the 10% that usually covers the cost of capital.
Return on equity above the industry
Regency Centers's return on equity of 8.2% is above the Miscellaneous Investing median of 3.5%.
Earnings grew over 5 years
Net income grew 63.7% a year on average over the last five fiscal years.
Net margin above its 5-year average
Net margin was 34.4% over the last twelve months, against a 5-year average of 31.9%.
Net margin above the industry
Regency Centers's net margin of 34.4% is above the Miscellaneous Investing median of 11.8%.
Financial health4/6
No debt
Regency Centers has no borrowings on its latest balance sheet.
Debt not rising
With no debt today, leverage cannot have risen.
Debt covered by cash flow
There is no debt to cover.
Interest well covered
No meaningful interest expense to cover.
Short-term liquidity
The balance sheet is not split into current and non-current items.
Elevated bankruptcy risk
The Altman Z-score is 1.80; above 3 is the safe zone and below 1.8 the distress zone.
Dividend3/6
Pays a dividend
Regency Centers paid dividends worth 4.0% of the share price over the last twelve months.
Yield below Treasuries
The 4.0% yield is below the 4.4% on a 1-year Treasury.
Yield in the top quarter
The top quarter of US dividend payers yield 3.9% or more; Regency Centers yields 4.0%.
Dividend not cut
The dividend per share has not fallen by more than 10% in any of the last 10 fiscal years.
Not covered by earnings
Dividends take 95.7% of net income, leaving little room.
Cash-flow cover
Needs dividends paid and free cash flow.
Fair value
How we estimate itOur estimate per share
$71.35
The share price is 5% above this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| EV/EBITDA | 9.7× | 9.3× | 9.8× | $85.00 | 58% |
| P/B | 1.4× | 1.9× | 1.2× | $53.35 | 17% |
| Earnings power | 8.3% cost of equity | – | – | $51.49 | 25% |
| Fair value | $71.35 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/E at month end
- Miscellaneous Investing median 25.9
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Low risk
- Average value traded per day
- $89.89M
- Value traded per 1% price move
- $126.31M
Downside
Low risk
- Typical loss in a bad month
- 6.8%
- Volatility (annualized)
- 16%
- Sharpe ratio, 1 year
- 0.29
- Beta to the S&P 500 (5Y)
- 0.66
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +6.9% | +8.3% | +8.9% | – | |
| Operating income | +7.3% | +7.8% | – | – | |
| Net income | +31.7% | +3.0% | +63.7% | – | |
| Dividend per share | +5.7% | +4.4% | +3.8% | +4.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 0.7% | 7.7% | |
| Return on assets | – | 0.4% | 4.2% | |
| Interest coverage | – | – | – | |
| Diluted shares | – | 169M | – |
Cash use needs five years of cash flow figures
Regency Centers does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 34.0% | 0.12× | 1.86× | 7.7% |
| FY2024 | 27.5% | 0.12× | 1.80× | 5.8% |
| FY2023 | 27.6% | 0.11× | 1.77× | 5.6% |
| FY2022 | 39.4% | 0.11× | 1.78× | 8.0% |
| FY2021 | 31.0% | 0.11× | 1.81× | 6.0% |
| FY2020 | 4.4% | 0.09× | 1.81× | 0.7% |
| FY2019 | 21.1% | 0.10× | 1.75× | 3.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero$527.46M
- Cash generatingOperating cash flow above zero$827.69M
- Return on assets improvedROA up on the prior year3.2% → 4.3%
- Earnings backed by cashOperating cash flow above net income$827.69M vs $527.46M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise– → –
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.12 → 0.13
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