Regency Centers Earnings: Strong Same-Store NOI Growth Leads to 6% Dividend Raise
Regency Centers reported core funds from operations of $1.18 per share and same-store net operating income growth of 5.1% for the third quarter.
Regency Centers Corp REG
Bulls Say, Bears Say
Bulls
With over 80% of the portfolio featuring a grocery anchor and with the average grocery anchor in the portfolio producing sales per square foot significantly higher than the national average, Regency's portfolio has a strong driver of foot traffic to its locations that should remain relatively resistant to e-commerce pressures.
Bears
Shifts in consumer behavior, greater adoption of e-commerce, and technological advances could significantly disrupt tenant profitability, affecting property performance.
News
Regency Centers Expands Credit Facilities with New $550 Million Unsecured Term Loan
Regency Centers Reports Third Quarter 2026 Results and Increases Common Stock Dividend
Regency Centers Invites You to Join Its Third Quarter 2026 Earnings Conference Call
Regency Centers to Present at the BofA Securities 2026 Global Real Estate Conference
EVgo and Regency Expand National Partnership to Bring Fast Charging to More Retail Centers Across the U.S.
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Trading Information
- Previous Close Price
- $75.74
- Day Range
- $75.66–76.34
- 52-Week Range
- $66.86–83.66
- Bid/Ask
- $75.54 / $76.69
- Shares Outstanding
- 183.13M
- Market Cap
- $13.94B
- Volume/Avg
- 1M / 1M
Key Statistics
- Price/Earnings (Normalized)
- 32.94
- Price/Sales
- 8.46
- Dividend Yield (Trailing)
- 3.97%
- Dividend Yield (Forward)
- 4.20%
- Dividend Payment Schedule
- Jan, Apr, Jul, Oct
- Total Yield
- 3.97%
Company Profile
Regency Centers is one of the largest shopping center-focused retail REITs. The company's portfolio includes an interest in 482 properties, which includes over 58 million square feet of retail space following the completion of the Urstadt Biddle acquisition in August 2023. The portfolio is geographically diversified with 22 regional offices and no single market representing more than 12% of total company net operating income. Regency's retail portfolio is primarily composed of grocery-anchored centers, with 80% of properties featuring a grocery anchor and grocery stores representing 20% of annual base rent.
- Sector
- Real Estate
- Industry
- REIT - Retail
- Stock Style Box
- Small Core
- Total Number of Employees
- 507
Competitors
Valuation
Metric | REG | KIM | FRT |
|---|---|---|---|
Price/Earnings (Normalized) | 32.94 | 30.63 | 26.67 |
Price/Book Value | 2.11 | 1.67 | 3.15 |
Price/Sales | 8.46 | 7.83 | 7.28 |
Price/Cash Flow | 15.02 | 13.87 | 15.11 |
Price/Earnings
REG
KIM
FRT
Financial Strength
Metric | REG | KIM | FRT |
|---|---|---|---|
Quick Ratio | 0.89 | 3.80 | 0.99 |
Current Ratio | 0.90 | 3.81 | 0.99 |
Interest Coverage | 3.47 | 2.75 | 3.26 |
Quick Ratio
REG
KIM
FRT
Profitability
Metric | REG | KIM | FRT |
|---|---|---|---|
Return on Assets (Normalized) | 4.63% | 4.17% | 5.17% |
Return on Equity (Normalized) | 9.10% | 7.97% | 15.02% |
Return on Invested Capital (Normalized) | 6.02% | 6.12% | 7.25% |
Return on Assets
REG
KIM
FRT
REIT - Retail Industry Comparables
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United States