REGENCY CENTERS CORP financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data REGENCY CENTERS CORP files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue		984	1,121	1,133	1,016	1,166	1,224	1,322	1,454	1,554
General and administrative		67.6	65.5	75	75	78.2	79.9	97.8	101	99.4
Operating expenses		745	741	763	747	714	752	854	940	970
Operating income							897	951	1,047	1,123
Interest expense		133	148	151	157	145	146	154
Other non-operating income		-114	-171	-188	-256	-133	-44.1	-148	-154	-176
Pre-tax income		126	209	182	13.1	319	428	320	360	407
Income tax		-9.65	0.52	1.25	1.27	1.04	-0.04	0.9	4.55
Net income to minority interests		2.9	3.2	3.83	2.43	4.88	5.17	6.31	9.45	13.5
Net income	167	176	249	239	44.9	361	483	365	400	527
EBITDA							1,216	1,304	1,442	1,528
Shares, basic (weighted)		160	170	168	169
Shares, diluted (weighted)		160	170	168	169
Dividend per share	2.00	2.10	2.22	2.34	2.38	2.41	2.53	2.62	2.72	2.87

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	13.3	49.4	45.2	116	378	95	68.8	91.4	61.9	121
Other current assets	10.4
Property, plant and equipment	4.09	6.12	6.13	7.1	6.56	5.44	5.81	6.66	7.95	12.7
Lease right-of-use assets			0	293	288	281	276	328	322	316
Goodwill	0	332	314	307	174	167	167	167	167	167
Intangible assets	119	479	387	243	189	213	198	283	230	254
Total assets			10,945	11,132	10,937	10,793	10,860	12,427	12,392	13,001
Total liabilities			4,494	4,842	4,879	4,683	4,682	5,235	5,492	5,820
Total debt	1,642	3,595	3,715	3,920	3,923	3,719	3,727	4,154	4,409	4,739
Paid-in capital			7,673	7,655	7,792	7,883	7,877	8,704	8,503	8,704
Treasury stock			-19.8	-23.2	-24.4	-22.8	-24.5	-25.5	-28	-31.1
Other comprehensive income			-0.93	-12	-18.6	-10.2	7.56	-1.31	2.23	-4.22
Shareholders' equity			6,398	6,213	5,985	6,037	6,097	7,033	6,724	6,907
Minority interests			52.2	76.6	73.2	72.6	81.1	159	176	275
Total equity	2,625	6,733	6,450	6,290	6,058	6,110	6,178	7,192	6,900	7,182
Total liabilities and equity			10,945	11,132	10,937	10,793	10,860	12,427	12,392	13,001
Shares outstanding								185	181	183

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	167	179	252	243	47.3	366	488	371	410	541
Depreciation and amortization		334	360	374	346	303	320	352	395	405
Stock-based compensation		20.5	13.6	14.3	13.6	12.5	16.5	20.1	23.5	19.5
Deferred income tax	0	-10.8	-5.15	-0.33	-0.89	0.42	0.29	0.1	-3.03
Change in payables		-2.11	-0.76	4.18	1	6.68	-9.09	5.15	4.25	-7.87
Cash from operations		470	610	621	499	659	656	720	790	828
Acquisitions	-388	-647	0	0		-533	-241	-82.4	-71.4	-699
Purchases of investments		-23.5	-23.2	-23.5	-25.2	-24	-21.1	-7.99	-101	-103
Sales and maturities of investments		21.4	21.6	19.5	20	23.8	21.8	16	107	107
Cash from investing		-1,007	-106	-283	-25.6	-286	-206	-342	-327	-421
Stock issued		88.5	0	0	126	82.5	61.3	-0.03		98.2
Share buybacks		0	-214	-32.8	0		-75.4	-20	-200
Dividends paid		-323	-376	-391	-301	-403	-428	-453	-490	-512
Cash from financing		569	-508	-268	-211	-656	-476	-355	-493	-348
Net change in cash		31.5	-4.19	70.4	263	-283	-26.3	22.6	-29.5	58.8
Interest paid		110	137	136	151	140	141	147	161	179
Income taxes paid		-0.27	5.46	1.23	1.87	0.38	0.57	0.93	7.72

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to March 31, 2026; growth uses fiscal years. Valuation uses the share price of $73.23 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Operating margin	72.3%	Operating income / revenue.
EBITDA margin	98.5%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	26.5%	Pre-tax income / revenue.
Net margin	34.5%	Net income / revenue.
Operating cash flow margin	51.7%	Cash from operations / revenue.
Return on equity (ROE)	7.9%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	4.2%	Net income / average total assets.
Return on invested capital (ROIC)	7.7%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue	1.2%	Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue	26.2%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	6.9%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	8.3%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	8.9%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	7.3%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	7.8%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA growth, 1y	6.0%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	7.9%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y	31.7%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	3.0%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	63.7%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	4.7%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	8.1%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	10.6%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	5.7%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	4.4%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	3.8%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	2.7%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	4.2%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	2.9%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	4.9%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	6.2%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	3.5%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Debt / equity	0.73x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	38.4%	Total debt / total assets.
Liabilities / assets	45.1%	Total liabilities / total assets.
Net debt	$4.86B	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	3.11x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Goodwill and intangibles / assets	3.2%	(Goodwill + intangible assets) / total assets.
Tangible book value	$6.48B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.12x	Revenue / average total assets.
Fixed asset turnover	89.7x	Revenue / average property, plant and equipment.

Per share

Metric	Value	How it is calculated
Book value per share	$37.65	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$35.40	Tangible book value / shares outstanding.
Cash per share	$0.80	(Cash + short-term investments) / shares outstanding.
Payout ratio	120.7%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$13.41B	Share price x shares outstanding.
Enterprise value	$18.27B	Market cap + total debt - cash - short-term investments.
P/E	24.5x	Market cap / net income. Only when net income is positive.
P/S	8.46x	Market cap / revenue.
P/B	1.95x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	2.07x	Market cap / tangible book value, when positive.
P/OCF	16.4x	Market cap / cash from operations, when positive.
EV/Sales	11.5x	Enterprise value / revenue.
EV/EBIT	15.9x	Enterprise value / operating income, when both are positive.
EV/EBITDA	11.7x	Enterprise value / EBITDA, when both are positive.
Earnings yield	4.1%	Net income / market cap (the inverse of P/E).
Dividend yield	4.9%	Dividends paid over the period / market cap.
Shareholder yield	4.9%	(Dividends paid + share buybacks) / market cap.

What was REGENCY CENTERS CORP's revenue in fiscal 2025?

REGENCY CENTERS CORP reported revenue of $1.55B for fiscal 2025, 6.9% higher than the year before.

Was REGENCY CENTERS CORP profitable in fiscal 2025?

Yes. Net income was $527.5M, a net margin of 34%.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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