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Regency Centers (Regency Centers) ROE % : 5.10% (As of Dec. 2023)


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What is Regency Centers ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Regency Centers's annualized net income for the quarter that ended in Dec. 2023 was $359 Mil. Regency Centers's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was $7,047 Mil. Therefore, Regency Centers's annualized ROE % for the quarter that ended in Dec. 2023 was 5.10%.

The historical rank and industry rank for Regency Centers's ROE % or its related term are showing as below:

REG' s ROE % Range Over the Past 10 Years
Min: 0.74   Med: 5.78   Max: 9.99
Current: 5.65

During the past 13 years, Regency Centers's highest ROE % was 9.99%. The lowest was 0.74%. And the median was 5.78%.

REG's ROE % is ranked better than
57.87% of 800 companies
in the REITs industry
Industry Median: 4.21 vs REG: 5.65

Regency Centers ROE % Historical Data

The historical data trend for Regency Centers's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Regency Centers ROE % Chart

Regency Centers Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.80 0.74 6.01 7.96 5.55

Regency Centers Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.24 6.40 5.74 5.54 5.10

Competitive Comparison of Regency Centers's ROE %

For the REIT - Retail subindustry, Regency Centers's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Regency Centers's ROE % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Regency Centers's ROE % distribution charts can be found below:

* The bar in red indicates where Regency Centers's ROE % falls into.



Regency Centers ROE % Calculation

Regency Centers's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=364.557/( (6096.985+7032.687)/ 2 )
=364.557/6564.836
=5.55 %

Regency Centers's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Sep. 2023 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=359.096/( (7060.914+7032.687)/ 2 )
=359.096/7046.8005
=5.10 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2023) net income data. ROE % is displayed in the 30-year financial page.


Regency Centers  (NAS:REG) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=359.096/7046.8005
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(359.096 / 1438.416)*(1438.416 / 12404.1635)*(12404.1635 / 7046.8005)
=Net Margin %*Asset Turnover*Equity Multiplier
=24.96 %*0.116*1.7603
=ROA %*Equity Multiplier
=2.9 %*1.7603
=5.10 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=359.096/7046.8005
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (359.096 / 368.136) * (368.136 / 465.708) * (465.708 / 1438.416) * (1438.416 / 12404.1635) * (12404.1635 / 7046.8005)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9754 * 0.7905 * 32.38 % * 0.116 * 1.7603
=5.10 %

Note: The net income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Regency Centers ROE % Related Terms

Thank you for viewing the detailed overview of Regency Centers's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Regency Centers (Regency Centers) Business Description

Traded in Other Exchanges
Address
One Independent Drive, Suite 114, Jacksonville, FL, USA, 32202-5019
Regency Centers is the largest shopping center-focused retail REIT. The company's portfolio includes an interest in 480 properties, which includes nearly 57 million square feet of retail space following the completion of the Urstadt Biddle acquisition in August 2023. The portfolio is geographically diversified with 22 regional offices and no single market representing more than 14% of total company net operating income. Regency's retail portfolio is primarily composed of grocery-anchored centers, with 80% of properties featuring a grocery anchor and grocery stores representing 20% of annual base rent.
Executives
Stein Martin E Jr director, officer: Chairman and CEO ONE INDEPENDENT DRIVE, SUITE 114, JACKSONVILLE FL 32202
Alan Todd Roth officer: Managing Director 1919 GALLOWS ROAD SUITE 1000, VIENNA VA 22182
Michael J Mas officer: EVP and CFO 2764 SHADE TREE DRIVE, FLEMING ISLAND FL 32003
Nicholas Andrew Wibbenmeyer officer: EVP, W. Regional Pres. 1211 W 22ND STREET SUITE 300, OAK BROOK IL 60523
Deirdre Evens director 10 STILLMEADOW WAY, FRAMINGHAM MA 01702
Simmons James H. Iii director 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Thomas W Furphy director C/O REGENCY CENTERS CORPORATION, 1 INDEPENDENT DRIVE, SUITE 1300, JACKSONVILLE FL 32202
Bryce Blair director
David P Oconnor director C/O HIGH RISE, 325 NORTH AVENUE E, WESTFIELD NJ 07090
Karin Klein director C/O PARAMOUNT GROUP, INC., 1633 BROADWAY, SUITE 1801, NEW YORK NY 10019
Peter Linneman director 1696 N E MIAMI GARDENS DR, N MIAMI BEACH FL 33179
Kristin Ann Campbell director 500 STAPLES DRIVE, FRAMINGHAM MA 01702
Terah L Devereaux officer: Principal Accounting Officer ONE INDEPENDENT DRIVE, SUITE 114, JACKSONVILLE FL 32202
Lisa Palmer officer: Chief Financial Officer C/O REGENCY CENTERS CORPORATION, ONE INDEPENDENT DR., SUITE 114, JACKSONVILLE FL 32202
Thomas G Wattles director ONE INDEPENDENT DRIVE, SUITE 114, JACKSONVILLE FL 32202

Regency Centers (Regency Centers) Headlines