We’ve recently updated our valuation analysis.

Regency Centers Valuation

Is REG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for REG?

Other financial metrics that can be useful for relative valuation.

REG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue12x
Enterprise Value/EBITDA18.4x
PEG Ratio-3.9x

Price to Earnings Ratio vs Peers

How does REG's PE Ratio compare to its peers?

The above table shows the PE ratio for REG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average32.8x
FRT Federal Realty Investment Trust
23.8x1.3%US$8.9b
NNN National Retail Properties
26.3x4.4%US$8.1b
KIM Kimco Realty
60.2x12.6%US$14.1b
BRX Brixmor Property Group
21.1x-1.1%US$6.9b
REG Regency Centers
24.7x-6.3%US$11.3b

Price-To-Earnings vs Peers: REG is good value based on its Price-To-Earnings Ratio (24.7x) compared to the peer average (32.8x).


Price to Earnings Ratio vs Industry

How does REG's PE Ratio compare vs other companies in the US REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a4.7%
n/an/an/a

Price-To-Earnings vs Industry: REG is good value based on its Price-To-Earnings Ratio (24.7x) compared to the US REITs industry average (25.5x)


Price to Earnings Ratio vs Fair Ratio

What is REG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

REG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.7x
Fair PE Ratio24.3x

Price-To-Earnings vs Fair Ratio: REG is expensive based on its Price-To-Earnings Ratio (24.7x) compared to the estimated Fair Price-To-Earnings Ratio (24.3x).


Share Price vs Fair Value

What is the Fair Price of REG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: REG ($65.82) is trading below our estimate of fair value ($95.38)

Significantly Below Fair Value: REG is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst REG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$65.82
US$68.67
+4.3%
8.0%US$81.00US$61.00n/a18
Nov ’23US$61.92
US$67.64
+9.2%
9.7%US$81.00US$54.00n/a18
Oct ’23US$53.85
US$69.92
+29.8%
8.3%US$81.00US$56.00n/a18
Sep ’23US$60.90
US$70.14
+15.2%
8.3%US$81.00US$56.00n/a18
Aug ’23US$63.77
US$69.00
+8.2%
8.9%US$81.00US$56.00n/a18
Jul ’23US$60.40
US$73.14
+21.1%
9.1%US$83.00US$56.00n/a18
Jun ’23US$67.35
US$77.06
+14.4%
5.9%US$84.00US$63.00n/a18
May ’23US$68.83
US$77.42
+12.5%
5.1%US$84.00US$67.50n/a18
Apr ’23US$71.84
US$77.42
+7.8%
5.1%US$84.00US$67.50n/a18
Mar ’23US$64.85
US$79.28
+22.2%
6.3%US$92.00US$72.00n/a18
Feb ’23US$71.68
US$80.83
+12.8%
6.0%US$92.00US$73.00n/a18
Jan ’23US$75.35
US$78.56
+4.3%
5.8%US$89.00US$70.00n/a18
Dec ’22US$68.68
US$76.39
+11.2%
6.5%US$84.00US$66.00n/a18
Nov ’22US$71.32
US$72.06
+1.0%
6.0%US$81.00US$62.00US$61.9218
Oct ’22US$69.28
US$71.33
+3.0%
5.4%US$78.00US$62.00US$53.8518
Sep ’22US$69.00
US$70.89
+2.7%
5.0%US$75.00US$62.00US$60.9018
Aug ’22US$65.41
US$68.88
+5.3%
4.5%US$75.00US$62.00US$63.7717
Jul ’22US$64.82
US$68.65
+5.9%
4.0%US$74.00US$62.00US$60.4017
Jun ’22US$66.35
US$65.94
-0.6%
6.4%US$72.00US$59.00US$67.3516
May ’22US$63.66
US$59.97
-5.8%
7.2%US$65.00US$47.50US$68.8316
Apr ’22US$57.62
US$57.57
-0.09%
8.6%US$65.00US$47.50US$71.8415
Mar ’22US$55.29
US$53.47
-3.3%
8.2%US$61.00US$45.00US$64.8516
Feb ’22US$46.94
US$50.81
+8.2%
9.7%US$61.00US$38.00US$71.6816
Jan ’22US$45.59
US$50.31
+10.4%
9.7%US$62.00US$38.00US$75.3516
Dec ’21US$46.55
US$48.53
+4.3%
11.0%US$62.00US$38.00US$68.6816
Nov ’21US$35.59
US$46.59
+30.9%
10.6%US$62.00US$38.00US$71.3216

Analyst Forecast: Target price is less than 20% higher than the current share price.


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