REGENCY CENTERS CORP (REG)
US7588491032 - REIT
We assign a fundamental rating of 5 out of 10 to REG. REG was compared to 132 industry peers in the Diversified REITs industry. While REG has a great profitability rating, there are quite some concerns on its financial health. REG is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
REG had positive earnings in the past year.
In the past year REG had a positive cash flow from operations.
In the past 5 years REG has always been profitable.
Each year in the past 5 years REG had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.14%, REG is in the better half of the industry, outperforming 76.38% of the companies in the same industry.
REG's Return On Equity of 5.76% is fine compared to the rest of the industry. REG outperforms 73.23% of its industry peers.
The Return On Invested Capital of REG (3.34%) is better than 64.57% of its industry peers.
The Average Return On Invested Capital over the past 3 years for REG is in line with the industry average of 3.10%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.14% | ||
| ROE | 5.76% | ||
| ROIC | 3.34% |
ROA(3y)3.56%
ROA(5y)2.65%
ROE(3y)6.34%
ROE(5y)4.72%
ROIC(3y)3.43%
ROIC(5y)3.02%
1.3 Margins
With an excellent Profit Margin value of 27.07%, REG belongs to the best of the industry, outperforming 80.31% of the companies in the same industry.
REG's Profit Margin has improved in the last couple of years.
REG's Operating Margin of 34.33% is fine compared to the rest of the industry. REG outperforms 72.44% of its industry peers.
REG's Operating Margin has been stable in the last couple of years.
REG has a Gross Margin of 70.04%. This is comparable to the rest of the industry: REG outperforms 58.27% of its industry peers.
In the last couple of years the Gross Margin of REG has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 34.33% | ||
| PM (TTM) | 27.07% | ||
| GM | 70.04% |
OM growth 3Y10.09%
OM growth 5Y0.86%
PM growth 3Y83.24%
PM growth 5Y4.11%
GM growth 3Y0.46%
GM growth 5Y-0.72%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so REG is destroying value.
The number of shares outstanding for REG has been increased compared to 1 year ago.
REG has more shares outstanding than it did 5 years ago.
REG has a better debt/assets ratio than last year.
2.2 Solvency
REG has an Altman-Z score of 1.32. This is a bad value and indicates that REG is not financially healthy and even has some risk of bankruptcy.
REG has a Altman-Z score of 1.32. This is amongst the best in the industry. REG outperforms 86.61% of its industry peers.
REG has a debt to FCF ratio of 12.80. This is a negative value and a sign of low solvency as REG would need 12.80 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 12.80, REG belongs to the best of the industry, outperforming 84.25% of the companies in the same industry.
A Debt/Equity ratio of 0.65 indicates that REG is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.65, REG is doing good in the industry, outperforming 79.53% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 12.8 | ||
| Altman-Z | 1.32 |
ROIC/WACC0.42
WACC7.86%
2.3 Liquidity
A Current Ratio of 0.52 indicates that REG may have some problems paying its short term obligations.
REG has a Current ratio of 0.52. This is amonst the worse of the industry: REG underperforms 86.61% of its industry peers.
A Quick Ratio of 0.52 indicates that REG may have some problems paying its short term obligations.
REG has a worse Quick ratio (0.52) than 83.46% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.52 | ||
| Quick Ratio | 0.52 |
3. Growth
3.1 Past
REG shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -0.47%.
REG shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.02% yearly.
Looking at the last year, REG shows a quite strong growth in Revenue. The Revenue has grown by 12.81% in the last year.
The Revenue has been growing slightly by 3.36% on average over the past years.
EPS 1Y (TTM)-0.47%
EPS 3Y99.03%
EPS 5Y7.02%
EPS Q2Q%8%
Revenue 1Y (TTM)12.81%
Revenue growth 3Y9.18%
Revenue growth 5Y3.36%
Sales Q2Q%8.96%
3.2 Future
REG is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.03% yearly.
Based on estimates for the next years, REG will show a small growth in Revenue. The Revenue will grow by 6.30% on average per year.
EPS Next Y4.02%
EPS Next 2Y1.61%
EPS Next 3Y3.27%
EPS Next 5Y6.03%
Revenue Next Year9.98%
Revenue Next 2Y6.83%
Revenue Next 3Y6.3%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
REG is valuated quite expensively with a Price/Earnings ratio of 32.31.
REG's Price/Earnings ratio is a bit cheaper when compared to the industry. REG is cheaper than 60.63% of the companies in the same industry.
REG's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 26.91.
Based on the Price/Forward Earnings ratio of 32.52, the valuation of REG can be described as expensive.
Based on the Price/Forward Earnings ratio, REG is valued a bit cheaper than the industry average as 70.87% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 23.26. REG is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.31 | ||
| Fwd PE | 32.52 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of REG indicates a rather expensive valuation: REG more expensive than 81.10% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, REG is valued a bit cheaper than 60.63% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 36.4 | ||
| EV/EBITDA | 18.78 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of REG may justify a higher PE ratio.
PEG (NY)8.04
PEG (5Y)4.6
EPS Next 2Y1.61%
EPS Next 3Y3.27%
5. Dividend
5.1 Amount
REG has a Yearly Dividend Yield of 4.02%, which is a nice return.
REG's Dividend Yield is slightly below the industry average, which is at 15.20.
REG's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.02% |
5.2 History
The dividend of REG has a limited annual growth rate of 3.01%.
REG has been paying a dividend for at least 10 years, so it has a reliable track record.
REG has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)3.01%
Div Incr Years11
Div Non Decr Years14
5.3 Sustainability
REG pays out 128.99% of its income as dividend. This is not a sustainable payout ratio.
The dividend of REG is growing, but earnings are growing more, so the dividend growth is sustainable.
DP128.99%
EPS Next 2Y1.61%
EPS Next 3Y3.27%
REGENCY CENTERS CORP
NASDAQ:REG (1/10/2025, 8:00:01 PM)
After market: 68.83 0 (0%)68.83
-1.32 (-1.88%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners98.88%
Inst Owner Change0%
Ins Owners0.74%
Ins Owner Change-0.65%
Market Cap12.49B
Analysts80
Price Target80.81 (17.41%)
Short Float %2.73%
Short Ratio4.32
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.02% |
Dividend Growth(5Y)3.01%
DP128.99%
Div Incr Years11
Div Non Decr Years14
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)16.46%
Min EPS beat(2)16.23%
Max EPS beat(2)16.69%
EPS beat(4)3
Avg EPS beat(4)11.66%
Min EPS beat(4)-7.44%
Max EPS beat(4)21.15%
EPS beat(8)7
Avg EPS beat(8)10.61%
EPS beat(12)10
Avg EPS beat(12)22.74%
EPS beat(16)14
Avg EPS beat(16)37.7%
Revenue beat(2)2
Avg Revenue beat(2)0.4%
Min Revenue beat(2)0.25%
Max Revenue beat(2)0.55%
Revenue beat(4)4
Avg Revenue beat(4)1.25%
Min Revenue beat(4)0.25%
Max Revenue beat(4)3.32%
Revenue beat(8)8
Avg Revenue beat(8)1.61%
Revenue beat(12)12
Avg Revenue beat(12)2.29%
Revenue beat(16)16
Avg Revenue beat(16)3.65%
PT rev (1m)1.06%
PT rev (3m)4.76%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.36%
EPS NY rev (1m)-0.73%
EPS NY rev (3m)4.58%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.65%
Revenue NY rev (1m)-0.55%
Revenue NY rev (3m)0.55%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.31 | ||
| Fwd PE | 32.52 | ||
| P/S | 8.67 | ||
| P/FCF | 36.4 | ||
| P/OCF | 16.21 | ||
| P/B | 1.85 | ||
| P/tB | 1.96 | ||
| EV/EBITDA | 18.78 |
EPS(TTM)2.13
EY3.09%
EPS(NY)2.12
Fwd EY3.07%
FCF(TTM)1.89
FCFY2.75%
OCF(TTM)4.25
OCFY6.17%
SpS7.94
BVpS37.28
TBVpS35.03
PEG (NY)8.04
PEG (5Y)4.6
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.14% | ||
| ROE | 5.76% | ||
| ROCE | 4.22% | ||
| ROIC | 3.34% | ||
| ROICexc | 3.37% | ||
| ROICexgc | 3.5% | ||
| OM | 34.33% | ||
| PM (TTM) | 27.07% | ||
| GM | 70.04% | ||
| FCFM | 23.82% |
ROA(3y)3.56%
ROA(5y)2.65%
ROE(3y)6.34%
ROE(5y)4.72%
ROIC(3y)3.43%
ROIC(5y)3.02%
ROICexc(3y)3.46%
ROICexc(5y)3.06%
ROICexgc(3y)3.59%
ROICexgc(5y)3.19%
ROCE(3y)4.34%
ROCE(5y)3.82%
ROICexcg growth 3Y14.3%
ROICexcg growth 5Y1.73%
ROICexc growth 3Y14.16%
ROICexc growth 5Y2.33%
OM growth 3Y10.09%
OM growth 5Y0.86%
PM growth 3Y83.24%
PM growth 5Y4.11%
GM growth 3Y0.46%
GM growth 5Y-0.72%
F-Score7
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 12.8 | ||
| Debt/EBITDA | 4.92 | ||
| Cap/Depr | 107.3% | ||
| Cap/Sales | 29.67% | ||
| Interest Coverage | 2.95 | ||
| Cash Conversion | 86.29% | ||
| Profit Quality | 88% | ||
| Current Ratio | 0.52 | ||
| Quick Ratio | 0.52 | ||
| Altman-Z | 1.32 |
F-Score7
WACC7.86%
ROIC/WACC0.42
Cap/Depr(3y)134.6%
Cap/Depr(5y)121.32%
Cap/Sales(3y)35.23%
Cap/Sales(5y)34.68%
Profit Quality(3y)63.38%
Profit Quality(5y)160.4%
High Growth Momentum
Growth
EPS 1Y (TTM)-0.47%
EPS 3Y99.03%
EPS 5Y7.02%
EPS Q2Q%8%
EPS Next Y4.02%
EPS Next 2Y1.61%
EPS Next 3Y3.27%
EPS Next 5Y6.03%
Revenue 1Y (TTM)12.81%
Revenue growth 3Y9.18%
Revenue growth 5Y3.36%
Sales Q2Q%8.96%
Revenue Next Year9.98%
Revenue Next 2Y6.83%
Revenue Next 3Y6.3%
Revenue Next 5YN/A
EBIT growth 1Y5.77%
EBIT growth 3Y20.2%
EBIT growth 5Y4.25%
EBIT Next Year89.4%
EBIT Next 3Y27%
EBIT Next 5Y17.85%
FCF growth 1Y3868.92%
FCF growth 3Y19.65%
FCF growth 5Y13.78%
OCF growth 1Y13.48%
OCF growth 3Y12.97%
OCF growth 5Y3.35%