Regency Centers Corporation (NASDAQ:REG)

Regency Centers Corporation REG

Real Estate - REIT - Retail - NASDAQ - US

Watchlist

$ 73.66

0 %

$ 13.4 B

Market Cap

34.91

P/E

1. INTRINSIC VALUE

Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. 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.[ Read More ]

The intrinsic value of one REG stock under the base case scenario is HIDDEN Compared to the current market price of 73.7 USD, Regency Centers Corporation is HIDDEN

REG Intrinsic Value
HIDDEN

SHOW

2. FUNDAMENTAL ANALYSIS

Price Chart REG

FINANCIALS

Annual
Quarterly

1.32 B REVENUE

Growth Rates

1Year 8.04%

3Years 9.18%

5Years 3.36%

7Years 11.57%

10Years 10.46%

516 M OPERATING INCOME

Growth Rates

1Year -2.14%

3Years 19.74%

5Years 6.32%

7Years 9.77%

10Years 11.94%

371 M NET INCOME

Growth Rates

1Year -24.01%

3Years 98.64%

5Years 8.01%

7Years 12.07%

10Years 9.38%

720 M OPERATING CASH FLOW

Growth Rates

1Year 9.72%

3Years 12.97%

5Years 3.35%

7Years 13.90%

10Years 11.12%

-342 M INVESTING CASH FLOW

Growth Rates

1Year -65.92%

3Years -137.15%

5Years -26.39%

7Years 2.55%

10Years -42.63%

-355 M FINANCING CASH FLOW

Growth Rates

1Year 25.41%

3Years -19.02%

5Years 6.93%

7Years -24.63%

10Years -6.88%

360 M REVENUE

Growth Rates

1Year 8.04%

3Years 9.18%

5Years 3.36%

7Years 11.57%

10Years 10.46%

124 M OPERATING INCOME

Growth Rates

1Year -2.14%

3Years 19.74%

5Years 6.32%

7Years 9.77%

10Years 11.94%

-212 M NET INCOME

Growth Rates

1Year -24.01%

3Years 98.64%

5Years 8.01%

7Years 12.07%

10Years 9.38%

227 M OPERATING CASH FLOW

Growth Rates

1Year 9.72%

3Years 12.97%

5Years 3.35%

7Years 13.90%

10Years 11.12%

-94.9 M INVESTING CASH FLOW

Growth Rates

1Year -65.92%

3Years -137.15%

5Years -26.39%

7Years 2.55%

10Years -42.63%

-97.8 M FINANCING CASH FLOW

Growth Rates

1Year 25.41%

3Years -19.02%

5Years 6.93%

7Years -24.63%

10Years -6.88%

Balance Sheet Decomposition Regency Centers Corporation

12.4 B ASSETS
5.23 B LIABILITIES

Current Assets	380 M
Cash & Short-Term Investments	99.2 M
Receivables	215 M
Other Current Assets	65.9 M
Non-Current Assets	12 B
Long-Term Investments	423 M
PP&E	335 M
Other Non-Current Assets	11.3 B

Current Liabilities	713 M
Accounts Payable	359 M
Short-Term Debt	396 M
Other Current Liabilities	-42 M
Non-Current Liabilities	4.52 B
Long-Term Debt	4.4 B
Other Non-Current Liabilities	120 M

EFFICIENCY

Earnings Waterfall Regency Centers Corporation

Revenue	1.32 B
Cost Of Revenue	395 M
Gross Profit	928 M
Operating Expenses	455 M
Operating Income	516 M
Other Expenses	146 M
Net Income	371 M

RATIOS

70.15% GROSS MARGIN

Averages

1Year 70.15%

3Years 71.29%

5Years 71.21%

7Years 71.85%

10Years 72.59%

39.05% OPERATING MARGIN

Averages

1Year 39.05%

3Years 41.52%

5Years 38.39%

7Years 35.87%

10Years 37.87%

27.57% NET MARGIN

Averages

1Year 27.57%

3Years 23.49%

5Years 12.02%

7Years 14.31%

10Years 18.82%

5.18% ROE

Averages

1Year 5.18%

3Years 4.56%

5Years 2.39%

7Years 2.64%

10Years 4.20%

2.93% ROA

Averages

1Year 2.93%

3Years 2.57%

5Years 1.35%

7Years 1.52%

10Years 2.23%

4.61% ROIC

Averages

1Year 4.61%

3Years 3.59%

5Years 0.52%

7Years 1.30%

10Years 1.82%

FREE CASH FLOW ANALYSIS

Free Cash Flow Analysis Regency Centers Corporation

Net Income	371 M
Depreciation & Amortization	323 M
Capital Expenditures	-266 M
Stock-Based Compensation	20.1 M
Change in Working Capital	-17.2 M
Others	-14.1 M
Free Cash Flow	454 M

3. WALL STREET ANALYSTS ESTIMATES

Wall Street Analysts Price Targets Regency Centers Corporation

Wall Street analysts predict an average 1-year price target for REG of $72.2 , with forecasts ranging from a low of $60 to a high of $80 .

REG Lowest Price Target Wall Street Target

60 USD -18.54%

REG Average Price Target Wall Street Target

72.2 USD -1.91%

REG Highest Price Target Wall Street Target

80 USD 8.61%

4. DIVIDEND ANALYSIS

0.95% DIVIDEND YIELD

0.705 USD DIVIDEND PER SHARE

5. COMPETITION

Saul Centers, Inc. is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 60 properties which includes (a) 50 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.8 million square feet of leasable area and (b) three land and development properties.

101 USD

BFS

Undervalued 156.90%

Retail Opportunity Investments Corp. (NASDAQ: ROIC), is a fully-integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely populated, metropolitan markets across the West Coast.

24.2 USD

ROIC

Undervalued 39.71%

Getty Realty Corp. is the leading publicly traded real estate investment trust in the United States specializing in the ownership, leasing and financing of convenience store and gasoline station properties.

64.1 USD

GTY

Undervalued 103.22%

SITE Centers is an owner and manager of open-air shopping centers that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers.

13.4 USD

SITC

Overvalued 14.23%

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers.

3.85 USD

BRX

Overvalued 86.63%

Tanger Inc. (NYSE: SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 43 years of expertise in the retail and outlet shopping industries.

11.4 USD

SKT

Overvalued 68.30%

Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region.

-0.701 USD

Overvalued 103.05%

Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual Core Portfolio and Fund operating platforms and its disciplined, location-driven investment strategy.

1.03 USD

AKR

Overvalued 95.80%

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences.

32.5 USD

KRG

Undervalued 21.81%

Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities.

-11.5 USD

CBL

Overvalued 142.07%

6. Ownership

Insider Ownership Regency Centers Corporation

Summary
Transactions

Sold

0-3 MONTHS

0 USD 0

3-6 MONTHS

2.51 M USD 4

6-9 MONTHS

1.55 M USD 1

9-12 MONTHS

1.95 M USD 2

Bought

0 USD 0

0-3 MONTHS

0 USD 0

3-6 MONTHS

0 USD 0

6-9 MONTHS

0 USD 0

9-12 MONTHS

Date	Value	Insider	Amount	Avg Price
3 months ago Aug 16, 2024	Sell 69.6 K USD	HERMAN MICHAEL R Senior VP and General Counsel	- 1000	69.5691 USD
3 months ago Aug 14, 2024	Sell 299 K USD	ROTH ALAN TODD E. Regional Pres. & COO	- 4250	70.36 USD
3 months ago Aug 14, 2024	Sell 389 K USD	WIBBENMEYER NICHOLAS ANDREW W. Regional Pres. & CIO	- 5549	70.0195 USD
3 months ago Aug 02, 2024	Sell 1.75 M USD	STEIN MARTIN E JR Executive Chairman	- 25000	70 USD
8 months ago Feb 21, 2024	Sell 1.55 M USD	PALMER LISA President and CEO	- 25306	61.2229 USD
11 months ago Dec 14, 2023	Sell 1.7 M USD	STEIN MARTIN E JR Executive Chairman	- 25000	68 USD
11 months ago Dec 05, 2023	Sell 250 K USD	ROTH ALAN TODD EVP, E. Regional Pres.	- 3869	64.584 USD
1 year ago Aug 07, 2023	Sell 59.8 K USD	WIBBENMEYER NICHOLAS ANDREW EVP, W. Regional Pres.	- 900	66.39 USD
1 year ago Aug 07, 2023	Sell 8.31 M USD	STEIN MARTIN E JR Executive Chairman	- 125000	66.51 USD
1 year ago Feb 14, 2023	Sell 996 K USD	PALMER LISA President and CEO	- 15180	65.58 USD
2 years ago Aug 24, 2022	Sell 213 K USD	WATTLES THOMAS G Director	- 3360	63.246 USD
2 years ago Nov 10, 2022	Sell 198 K USD	ROTH ALAN TODD Senior Managing Director	- 3000	66.11 USD
2 years ago Mar 09, 2022	Sell 21 K USD	WIBBENMEYER NICHOLAS ANDREW Senior Managing Director	- 300	69.8375 USD
3 years ago Nov 10, 2021	Sell 155 K USD	WATTLES THOMAS G Director	- 2105	73.785 USD
3 years ago Oct 12, 2021	Sell 6.49 M USD	STEIN MARTIN E JR Executive Chairman	- 92727	70.01 USD
3 years ago Oct 13, 2021	Sell 277 K USD	STEIN MARTIN E JR Executive Chairman	- 3951	70 USD
3 years ago Oct 14, 2021	Sell 233 K USD	STEIN MARTIN E JR Executive Chairman	- 3322	70.12 USD
3 years ago Sep 07, 2021	Sell 68.9 K USD	LEAVITT J CHRISTIAN Chief Accounting Officer	- 1000	68.875 USD
3 years ago Jun 08, 2021	Sell 1.02 M USD	THOMPSON JAMES D. EVP and COO	- 15000	67.86 USD
3 years ago Jun 08, 2021	Sell 128 K USD	WIBBENMEYER NICHOLAS ANDREW	- 1921	66.8195 USD
3 years ago Jun 07, 2021	Sell 107 K USD	LEAVITT J CHRISTIAN Chief Accounting Officer	- 1600	66.71 USD
3 years ago Jun 08, 2021	Sell 203 K USD	ROTH ALAN TODD	- 3000	67.5991 USD
3 years ago May 07, 2021	Sell 495 K USD	THOMPSON JAMES D. EVP and COO	- 7500	66 USD
3 years ago Apr 29, 2021	Sell 480 K USD	THOMPSON JAMES D. EVP and COO	- 7500	64 USD
3 years ago Apr 22, 2021	Sell 465 K USD	THOMPSON JAMES D. EVP and COO	- 7500	62 USD
3 years ago Apr 20, 2021	Sell 450 K USD	THOMPSON JAMES D. EVP and COO	- 7500	60 USD
3 years ago Mar 16, 2021	Sell 581 K USD	CHANDLER, III DAN M. Executive VP and CIO	- 10000	58.1 USD
3 years ago Feb 25, 2021	Sell 5.5 M USD	STEIN MARTIN E JR Executive Chairman	- 100000	55 USD
3 years ago Feb 25, 2021	Sell 647 K USD	PALMER LISA President and CEO	- 11794	54.9 USD
3 years ago Feb 25, 2021	Sell 158 K USD	PALMER LISA President and CEO	- 2851	55.42 USD
3 years ago Feb 25, 2021	Sell 673 K USD	THOMPSON JAMES D. EVP and COO	- 12000	56.05 USD
3 years ago Feb 17, 2021	Sell 3.13 M USD	STEIN MARTIN E JR Executive Chairman	- 60000	52.1 USD
3 years ago Nov 24, 2020	Sell 469 K USD	THOMPSON JAMES D. EVP and COO	- 9500	49.4 USD
3 years ago Nov 24, 2020	Sell 25 K USD	THOMPSON JAMES D. EVP and COO	- 500	50.02 USD
3 years ago Nov 24, 2020	Sell 5 M USD	STEIN MARTIN E JR Executive Chairman	- 100000	50 USD
4 years ago Nov 16, 2020	Sell 197 K USD	CHANDLER, III DAN M. Executive VP and CIO	- 4033	48.75 USD
4 years ago Nov 10, 2020	Sell 128 K USD	ROTH ALAN TODD	- 2700	47.47 USD
4 years ago Aug 05, 2020	Sell 72.7 K USD	RAMEY H CRAIG	- 1750	41.52 USD
4 years ago Jun 23, 2020	Sell 95.3 K USD	WATTLES THOMAS G Director	- 2074	45.96 USD
4 years ago Jun 08, 2020	Sell 1.01 M USD	STEIN MARTIN E JR Executive Chairman	- 20000	50.56 USD
4 years ago Jun 05, 2020	Sell 154 K USD	CHANDLER, III DAN M. Executive VP and CIO	- 3000	51.5 USD
4 years ago Mar 05, 2020	Sell 152 K USD	WIBBENMEYER NICHOLAS ANDREW	- 2500	61 USD
4 years ago Mar 05, 2020	Sell 21 K USD	Johnston Barbara C SR VP, GENERAL COUNSEL	- 350	60.12 USD
4 years ago Mar 04, 2020	Sell 604 K USD	STEIN MARTIN E JR Executive Chairman	- 10000	60.37 USD
4 years ago Feb 21, 2020	Sell 98.1 K USD	LEAVITT J CHRISTIAN Chief Accounting Officer	- 1550	63.3 USD
4 years ago Feb 21, 2020	Sell 459 K USD	PALMER LISA President and CEO	- 7268	63.19 USD
4 years ago Feb 20, 2020	Sell 148 K USD	WATTLES THOMAS G Director	- 2334	63.37 USD

7. News

Regency Rewards Investors With 5.2% Dividend Hike: Is It Sustainable? Regency Centers' latest dividend hike reflects its ability to generate decent cash flows from its high-quality portfolio and balance sheet strength. zacks.com - 1 week ago

It Is SNOing In November For REITs Real estate activity is rebounding as macroeconomic uncertainties clear, with significant leasing volume in data centers and retail sectors, leading to future revenue visibility. SNO leases in data centers and retail REITs provide excellent visibility into future annual base rent, impacting future FFO growth as leases commence in 2025-2026. Retail REITs like CTO and Brixmor benefit from high-margin SNO leases filling vacant spaces, translating to substantial AFFO growth, unlike lower-margin data center leases. seekingalpha.com - 1 week ago

Regency Centers Corporation (REG) Q3 2024 Earnings Call Transcript Regency Centers Corporation (NASDAQ:REG ) Q3 2024 Earnings Conference Call October 29, 2024 11:00 AM ET Company Participants Christy McElroy - Senior Vice President of Capital Markets Lisa Palmer - President and Chief Executive Officer Alan Roth - East Region President and Chief Operating Officer Nick Wibbenmeyer - West Region President and Chief Investment Officer Mike Mas - Chief Financial Officer Conference Call Participants Andrew Reale - Bank of America Merrill Lynch Michael Goldsmith - UBS Craig Mailman - Citigroup Greg McGinniss - Scotiabank Global Banking and Markets Todd Thomas - KeyBanc Capital Markets Juan Sanabria - BMO Capital Markets Dori Kesten - Wells Fargo Securities, LLC Haendel St. Juste - Mizuho Securities Samir Khanal - Evercore ISI Floris van Dijkum - Compass Point Research & Trading Linda Tsai - Jefferies Alec Feygin - Robert W. Baird & Co. Michael Mueller - JPMorgan Chase & Co. Ki Bin Kim - Truist Securities, Inc. Operator Welcome to Regency Centers Corporation Third Quarter 2024 Earnings Call. seekingalpha.com - 2 weeks ago

Regency Centers Q3 FFO Beats Estimates, '24 View Raised REG's Q3 results reflect higher same-property net operating income and base rents amid healthy leasing activity. zacks.com - 2 weeks ago

Regency Centers (REG) Q3 FFO and Revenues Beat Estimates Regency Centers (REG) came out with quarterly funds from operations (FFO) of $1.07 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to FFO of $1.02 per share a year ago. zacks.com - 2 weeks ago

Regency Centers Reports Third Quarter 2024 Results JACKSONVILLE, Fla., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Regency Centers Corporation (“Regency Centers”, “Regency” or the “Company”) (Nasdaq: REG) today reported financial and operating results for the period ended September 30, 2024 and provided updated 2024 earnings guidance. For the three months ended September 30, 2024 and 2023, Net Income Attributable to Common Shareholders was $0.54 per diluted share and $0.50 per diluted share, respectively. globenewswire.com - 2 weeks ago

Regency Centers to Post Q3 Earnings: What's in Store for the Stock? REG's Q3 earnings are likely to have benefited from the dependable necessity-driven grocery-anchored traffic, though moderation in rent growth might have hurt. zacks.com - 3 weeks ago

Should You Retain Regency Center's Stock in Your Portfolio Now? Focus on grocery-anchored shopping centers, expansion efforts, and a healthy balance sheet is likely to support REG despite rising e-commerce adoption. zacks.com - 1 month ago

Regency Centers Invites You to Join Its Third Quarter 2024 Earnings Conference Call JACKSONVILLE, Fla., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Regency Centers Corporation (“Regency Centers” or the “Company”) (NASDAQ: REG) will announce its third quarter 2024 earnings results on Monday, October 28, 2024, after the market closes. The Company's earnings release and supplemental information package will be posted on the Investor Relations section of the Company's website – investors.regencycenters.com. The Company will host an earnings conference call on Tuesday, October 29, 2024, at 11:00 a.m. ET. globenewswire.com - 1 month ago

Buffett-Style Investing: Finding Value In REITs Warren Buffett invests in companies that enjoy strong moats. A moat is a major competitive advantage. This can be applied to REITs. Here is how. seekingalpha.com - 1 month ago

Regency Centers: One Of The Most Expensive Retail REITs Regency Centers is a high-quality REIT with a strong portfolio and performance. The REIT's portfolio includes 481 properties, primarily grocery-anchored, providing sustainable income and growth opportunities. Its balance sheet is one of the best I have seen in REITs in general, depicting a very conservative capital structure and strong liquidity. seekingalpha.com - 2 months ago

Here's Why it is Wise to Retain Regency Stock in Your Portfolio Now REG is set to gain from its ownership of premium shopping centers and a solid balance sheet. However, rising e-commerce adoption and high interest rates pose concerns. zacks.com - 2 months ago

8. Profile Summary

Regency Centers Corporation REG

COUNTRY US

INDUSTRY REIT - Retail

MARKET CAP $ 13.4 B

Dividend Yield 0.95%

Description Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. 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.

Contact One Independent Drive, Jacksonville, FL, 32202 https://www.regencycenters.com

IPO Date Oct. 29, 1993

Employees 492

Officers Mr. Nicholas Andrew Wibbenmeyer Chief Investment Officer & President of West Region Ms. Terah L. Devereaux Senior Vice President, Chief Accounting Officer & Principal Accounting Officer Mitch Walters Senior Vice President & Chief Information Officer Mr. Jan X. Hanak Vice President of Marketing & Communications Mr. Mike Kinsella Senior Vice President of the Southeast Region & Senior Market Officer Mr. Michael R. Herman Senior Vice President, General Counsel & Secretary Ms. Amy L. D'Olimpio Senior Vice President of Human Resources Mr. Martin E. Stein Jr. Non Independent Executive Chairman of the Board Ms. Lisa Palmer President, Chief Executive Officer & Non Independent Director Mr. Alan Todd Roth Chief Operating Officer & President of East Region

Price Chart REG

Regency Centers Corporation REG

Premium Plan

Unlimited Plan