Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. More Details
6 star dividend payer with solid track record.
Share Price & News
How has Regency Centers's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: REG is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: REG's weekly volatility (3%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: REG exceeded the US REITs industry which returned 30.6% over the past year.
Return vs Market: REG exceeded the US Market which returned 35.9% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Regency Centers's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StIf You Had Bought Regency Centers (NASDAQ:REG) Shares A Year Ago You'd Have Earned 54% Returns
1 month ago | Simply Wall StDon't Ignore The Fact That This Insider Just Sold Some Shares In Regency Centers Corporation (NASDAQ:REG)
Is Regency Centers undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: REG ($65.41) is trading below our estimate of fair value ($79.75)
Significantly Below Fair Value: REG is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: REG is poor value based on its PE Ratio (73.6x) compared to the US REITs industry average (46.6x).
PE vs Market: REG is poor value based on its PE Ratio (73.6x) compared to the US market (18x).
Price to Earnings Growth Ratio
PEG Ratio: REG is poor value based on its PEG Ratio (6.3x)
Price to Book Ratio
PB vs Industry: REG's PB Ratio (1.9x) is in line with the US REITs industry average.
How is Regency Centers forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: REG's forecast earnings growth (11.7% per year) is above the savings rate (2%).
Earnings vs Market: REG's earnings (11.7% per year) are forecast to grow slower than the US market (14.9% per year).
High Growth Earnings: REG's earnings are forecast to grow, but not significantly.
Revenue vs Market: REG's revenue (3.7% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: REG's revenue (3.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: REG's Return on Equity is forecast to be low in 3 years time (5.5%).
How has Regency Centers performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: REG has high quality earnings.
Growing Profit Margin: REG's current net profit margins (14.5%) are higher than last year (10.8%).
Past Earnings Growth Analysis
Earnings Trend: REG's earnings have grown by 1.3% per year over the past 5 years.
Accelerating Growth: REG's earnings growth over the past year (22%) exceeds its 5-year average (1.3% per year).
Earnings vs Industry: REG earnings growth over the past year (22%) exceeded the REITs industry -8.8%.
Return on Equity
High ROE: REG's Return on Equity (2.5%) is considered low.
How is Regency Centers's financial position?
Financial Position Analysis
Short Term Liabilities: REG's short term assets ($326.9M) exceed its short term liabilities ($280.2M).
Long Term Liabilities: REG's short term assets ($326.9M) do not cover its long term liabilities ($4.3B).
Debt to Equity History and Analysis
Debt Level: REG's debt to equity ratio (60.3%) is considered high.
Reducing Debt: REG's debt to equity ratio has reduced from 89.8% to 60.3% over the past 5 years.
Debt Coverage: REG's debt is not well covered by operating cash flow (14.1%).
Interest Coverage: REG's interest payments on its debt are not well covered by EBIT (2x coverage).
What is Regency Centers's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: REG's dividend (3.64%) is higher than the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: REG's dividend (3.64%) is in the top 25% of dividend payers in the US market (3.54%)
Stability and Growth of Payments
Stable Dividend: REG's dividends per share have been stable in the past 10 years.
Growing Dividend: REG's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (61.7%), REG's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: REG's dividends in 3 years are forecast to be covered by earnings (64.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Lisa Palmer (53 yo)
Ms. Lisa Palmer has been Chief Executive Officer of Regency Centers Corporation, General Partner of Regency Centers Corporation, since January 1, 2020 and its President since January 1, 2016. She served as...
CEO Compensation Analysis
Compensation vs Market: Lisa's total compensation ($USD4.94M) is below average for companies of similar size in the US market ($USD11.17M).
Compensation vs Earnings: Lisa's compensation has increased by more than 20% in the past year.
Experienced Management: REG's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Experienced Board: REG's board of directors are considered experienced (3.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: REG insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Regency Centers Corporation's company bio, employee growth, exchange listings and data sources
- Name: Regency Centers Corporation
- Ticker: REG
- Exchange: NasdaqGS
- Founded: 1963
- Industry: Retail REITs
- Sector: Real Estate
- Implied Market Cap: US$11.080b
- Market Cap: US$11.080b
- Shares outstanding: 170.16m
- Website: https://www.regencycenters.com
Number of Employees
- Regency Centers Corporation
- One Independent Drive
- Suite 114
- United States
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 ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/07/31 23:40|
|End of Day Share Price||2021/07/30 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.