Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas.
6 star dividend payer and fair value.
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 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: REG underperformed the US REITs industry which returned -8.4% over the past year.
Return vs Market: REG underperformed the US Market which returned 17.1% over the past year.
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
4 months ago | Simply Wall StWith A 3.9% Return On Equity, Is Regency Centers Corporation (NASDAQ:REG) A Quality Stock?
5 months ago | Simply Wall StThis Insider Has Just Sold Shares In Regency Centers Corporation (NASDAQ:REG)
6 months ago | Simply Wall StRegency Centers Corporation (NASDAQ:REG) Insiders Have Been Selling
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 ($43.67) is trading below our estimate of fair value ($67)
Significantly Below Fair Value: REG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: REG is poor value based on its PE Ratio (80.7x) compared to the US REITs industry average (36.6x).
PE vs Market: REG is poor value based on its PE Ratio (80.7x) compared to the US market (19.1x).
Price to Earnings Growth Ratio
PEG Ratio: REG is poor value based on its PEG Ratio (2.7x)
Price to Book Ratio
PB vs Industry: REG is good value based on its PB Ratio (1.2x) compared to the US REITs industry average (1.5x).
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 (29.6% per year) is above the savings rate (2.2%).
Earnings vs Market: REG's earnings (29.6% per year) are forecast to grow faster than the US market (24.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: REG's revenue (3% per year) is forecast to grow slower than the US market (9.4% per year).
High Growth Revenue: REG's revenue (3% 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 (4.4%).
How has Regency Centers performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: REG has a large one-off loss of $95.0M impacting its June 30 2020 financial results.
Growing Profit Margin: REG's current net profit margins (8.4%) are lower than last year (24.4%).
Past Earnings Growth Analysis
Earnings Trend: REG's earnings have grown by 10.1% per year over the past 5 years.
Accelerating Growth: REG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: REG had negative earnings growth (-68.7%) over the past year, making it difficult to compare to the REITs industry average (1.6%).
Return on Equity
High ROE: REG's Return on Equity (1.5%) is considered low.
How is Regency Centers's financial position?
Financial Position Analysis
Short Term Liabilities: REG's short term assets ($826.4M) exceed its short term liabilities ($206.0M).
Long Term Liabilities: REG's short term assets ($826.4M) do not cover its long term liabilities ($5.0B).
Debt to Equity History and Analysis
Debt Level: REG's debt to equity ratio (69.2%) is considered high.
Reducing Debt: REG's debt to equity ratio has reduced from 104.9% to 69.2% over the past 5 years.
Debt Coverage: REG's debt is not well covered by operating cash flow (12.8%).
Interest Coverage: REG's interest payments on its debt are not well covered by EBIT (2.2x coverage).
What is Regency Centers's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: REG's dividend (5.45%) is higher than the bottom 25% of dividend payers in the US market (1.6%).
High Dividend: REG's dividend (5.45%) is in the top 25% of dividend payers in the US market (4.3%)
Stability and Growth of Payments
Stable Dividend: REG's dividends per share have been stable in the past 10 years.
Growing Dividend: REG's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (65.3%), REG's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: REG's dividends in 3 years are forecast to be covered by earnings (67% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Lisa Palmer (52 yo)
Ms. Lisa Palmer has been Chief Executive Officer of Regency Centers Corporation since January 1, 2020 and its President since January 1, 2016. She served as Chief Financial Officer of of Regency Centers Co ...
CEO Compensation Analysis
Compensation vs Market: Lisa's total compensation ($USD3.00M) is below average for companies of similar size in the US market ($USD7.30M).
Compensation vs Earnings: Lisa's compensation has been consistent with company performance over the past year.
|Executive Chairman of the Board||21.58yrs||US$5.62m||0.77% |
|Executive VP & CFO||1yr||US$1.22m||0.0072% |
|Executive VP & COO||4.58yrs||US$2.09m||0.048% |
|Executive VP & Chief Investment Officer||4.58yrs||US$2.09m||0.025% |
|Chief Information Officer & Senior VP||no data||no data||no data|
|Senior VP & General Counsel||0.25yr||no data||0.0023% |
|Vice President of Marketing & Communications||5yrs||no data||no data|
|Senior Vice President of Human Resources||no data||no data||no data|
|Managing Director||6.58yrs||no data||0.0023% |
|Senior VP of the Southeast Region & Senior Market Officer||12.58yrs||no data||no data|
|Senior VP & Senior Market Officer||no data||no data||no data|
Experienced Management: REG's management team is considered experienced (4.6 years average tenure).
|Executive Chairman of the Board||21.58yrs||US$5.62m||0.77% |
|Independent Director||5.83yrs||US$243.85k||0.012% |
|Lead Independent Director||1.58yrs||US$285.35k||0.042% |
|Independent Director||19.58yrs||US$253.85k||0.028% |
|Independent Director||3.42yrs||US$228.85k||0.0072% |
|Independent Director||1.25yrs||US$195.44k||0.0012% |
|Independent Director||3.42yrs||US$228.85k||0.020% |
|Independent Director||1.25yrs||US$195.44k||0.0021% |
|Independent Director||9yrs||US$223.85k||0.011% |
|Independent Director||2.33yrs||US$228.85k||0.0024% |
Experienced Board: REG's board of directors are considered experienced (3.4 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$7.394b
- Market Cap: US$7.389b
- Shares outstanding: 169.97m
- Website: https://www.regencycenters.com
Number of Employees
- Regency Centers Corporation
- One Independent Drive
- Suite 114
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|REG||NasdaqGS (Nasdaq Global Select)||Yes||Common Shares||US||USD||Oct 1993|
|RRC||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Oct 1993|
|0KUT||LSE (London Stock Exchange)||Yes||Common Shares||GB||USD||Oct 1993|
|R1EG34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH 2 REPR 1 COM||BR||BRL||Jan 2020|
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||2020/08/12 23:52|
|End of Day Share Price||2020/08/12 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.