Regency Centers Financials
This page shows Regency Centers (REGCO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
REGCO runs as an asset-heavy cash distributor, where depreciation boosts cash flow and most cash is reinvested or paid out.
By FY2025, operating cash flow of$827.7M comfortably exceeded net income of$527.5M , showing that the asset base creates sizable non-cash charges and that accounting profit understates day-to-day cash generation. Even so, cash does not pile up year after year: dividends alone reached$511.6M and year-end cash was just$120.7M , so most internally generated cash is continually redistributed or recycled into the business.
For three years, operating margin stayed near
Leverage moved near 0.7x as long-term debt reached
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Regency Centers's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Regency Centers has an operating margin of 72.3%, meaning the company retains $72 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 72.0% the prior year.
Regency Centers's revenue grew 6.9% year-over-year to $1.6B, a solid pace of expansion. This earns a growth score of 47/100.
Regency Centers carries a low D/E ratio of 0.69, meaning only $0.69 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 88/100, indicating a strong balance sheet with room for future borrowing.
Regency Centers generates a 7.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 26/100. This is up from 5.9% the prior year.
Regency Centers passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Regency Centers generates $1.57 in operating cash flow ($827.7M OCF vs $527.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Regency Centers generated $1.6B in revenue in fiscal year 2025. This represents an increase of 6.9% from the prior year.
Regency Centers's EBITDA was $1.5B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 6.0% from the prior year.
Regency Centers reported $527.5M in net income in fiscal year 2025. This represents an increase of 31.7% from the prior year.
Regency Centers earned $2.82 per diluted share (EPS) in fiscal year 2025. This represents an increase of 33.6% from the prior year.
Cash & Balance Sheet
Regency Centers held $120.7M in cash against $4.7B in long-term debt as of fiscal year 2025.
Regency Centers had 183M shares outstanding in fiscal year 2025. This represents an increase of 0.8% from the prior year.
Margins & Returns
Regency Centers's operating margin was 72.3% in fiscal year 2025, reflecting core business profitability. This is up 0.3 percentage points from the prior year.
Regency Centers's net profit margin was 34.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 6.4 percentage points from the prior year.
Regency Centers's ROE was 7.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.7 percentage points from the prior year.
Capital Allocation
REGCO Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $412.5M+2.0% | $404.2M+4.3% | $387.6M+1.8% | $380.8M0.0% | $380.9M+2.2% | $372.5M+3.4% | $360.3M+0.8% | $357.3M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $25.6M+1.3% | $25.3M-6.6% | $27.1M+6.2% | $25.5M+18.0% | $21.6M-17.0% | $26.0M+3.8% | $25.1M+3.4% | $24.2M |
| Operating Income | $296.4M+3.2% | $287.1M+1.9% | $281.9M+0.3% | $280.9M+2.7% | $273.5M+3.3% | $264.9M+1.4% | $261.2M+1.1% | $258.4M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | $128.5M-36.5% | $202.5M+85.1% | $109.4M+3.2% | $106.0M-3.3% | $109.6M+26.7% | $86.5M-14.8% | $101.5M-1.2% | $102.7M |
| EPS (Diluted) | $0.68 | N/A | $0.58+3.6% | $0.56-3.4% | $0.58 | N/A | $0.540.0% | $0.54 |
REGCO Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $13.0B+0.3% | $13.0B-0.4% | $13.1B+2.6% | $12.7B+1.4% | $12.6B+1.4% | $12.4B-0.3% | $12.4B+0.3% | $12.4B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $145.6M+20.6% | $120.7M-41.3% | $205.6M+32.8% | $154.8M+97.1% | $78.5M+26.9% | $61.9M-46.1% | $114.8M+43.7% | $79.9M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $267.6M-2.3% | $273.9M+7.2% | $255.5M-2.0% | $260.8M+4.2% | $250.2M-2.1% | $255.5M+6.4% | $240.1M+1.3% | $237.0M |
| Goodwill | $166.7M0.0% | $166.7M0.0% | $166.7M0.0% | $166.7M0.0% | $166.7M0.0% | $166.7M0.0% | $166.7M-0.2% | $167.1M |
| Total Liabilities | $5.9B+1.1% | $5.8B-3.0% | $6.0B+2.1% | $5.9B+3.3% | $5.7B+3.5% | $5.5B+0.2% | $5.5B+1.1% | $5.4B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $5.0B+5.6% | $4.7B-3.6% | $4.9B+2.4% | $4.8B+3.4% | $4.6B+5.3% | $4.4B+0.3% | $4.4B+0.7% | $4.4B |
| Total Equity | $6.9B-0.2% | $6.9B+1.6% | $6.8B+1.8% | $6.7B-0.3% | $6.7B-0.4% | $6.7B-0.6% | $6.8B-0.4% | $6.8B |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
REGCO Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $152.7M-25.1% | $203.9M-6.7% | $218.7M-10.4% | $244.0M+51.6% | $161.0M-15.9% | $191.4M-15.9% | $227.6M+11.9% | $203.5M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$94.9M-477.8% | -$16.4M+48.7% | -$32.0M+83.4% | -$192.5M-6.9% | -$180.1M-53.2% | -$117.6M-23.9% | -$94.9M-436.7% | $28.2M |
| Financing Cash Flow | -$32.9M+87.9% | -$272.5M-100.5% | -$135.9M-648.3% | $24.8M-30.7% | $35.8M+128.2% | -$126.8M-29.7% | -$97.8M+74.4% | -$381.8M |
| Dividends Paid | $275.9M+115.1% | $128.3M+0.4% | $127.8M0.0% | $127.8M+0.1% | $127.7M+5.2% | $121.4M-0.4% | $121.9M-1.4% | $123.6M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | $0 | $0 | N/A |
REGCO Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 71.9%+0.8pp | 71.0%-1.7pp | 72.7%-1.0pp | 73.8%+2.0pp | 71.8%+0.7pp | 71.1%-1.4pp | 72.5%+0.2pp | 72.3% |
| Net Margin | 31.2%-18.9pp | 50.1%+21.9pp | 28.2%+0.4pp | 27.8%-0.9pp | 28.8%+5.6pp | 23.2%-5.0pp | 28.2%-0.6pp | 28.7% |
| Return on Equity | 1.9%-1.1pp | 2.9%+1.3pp | 1.6%+0.0pp | 1.6%-0.1pp | 1.6%+0.4pp | 1.3%-0.2pp | 1.5%-0.0pp | 1.5% |
| Return on Assets | 1.0%-0.6pp | 1.6%+0.7pp | 0.8%0.0pp | 0.8%-0.0pp | 0.9%+0.2pp | 0.7%-0.1pp | 0.8%0.0pp | 0.8% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.73+0.0 | 0.69-0.0 | 0.720.0 | 0.72+0.0 | 0.69+0.0 | 0.660.0 | 0.650.0 | 0.64 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Frequently Asked Questions
What is Regency Centers's annual revenue?
Regency Centers (REGCO) reported $1.6B in total revenue for fiscal year 2025. This represents a 6.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Regency Centers's revenue growing?
Regency Centers (REGCO) revenue grew by 6.9% year-over-year, from $1.5B to $1.6B in fiscal year 2025.
Is Regency Centers profitable?
Yes, Regency Centers (REGCO) reported a net income of $527.5M in fiscal year 2025, with a net profit margin of 34.0%.
What is Regency Centers's EBITDA?
Regency Centers (REGCO) had EBITDA of $1.5B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Regency Centers have?
As of fiscal year 2025, Regency Centers (REGCO) had $120.7M in cash and equivalents against $4.7B in long-term debt.
What is Regency Centers's operating margin?
Regency Centers (REGCO) had an operating margin of 72.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Regency Centers's net profit margin?
Regency Centers (REGCO) had a net profit margin of 34.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Regency Centers's return on equity (ROE)?
Regency Centers (REGCO) has a return on equity of 7.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Regency Centers's operating cash flow?
Regency Centers (REGCO) generated $827.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Regency Centers's total assets?
Regency Centers (REGCO) had $13.0B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Regency Centers's debt-to-equity ratio?
Regency Centers (REGCO) had a debt-to-equity ratio of 0.69 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Regency Centers's return on assets (ROA)?
Regency Centers (REGCO) had a return on assets of 4.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Regency Centers's Piotroski F-Score?
Regency Centers (REGCO) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Regency Centers's earnings high quality?
Regency Centers (REGCO) has an earnings quality ratio of 1.57x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Regency Centers?
Regency Centers (REGCO) scores 44 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.