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REG (Regency Centers) Cyclically Adjusted Book per Share : $39.05 (As of Dec. 2024)


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What is Regency Centers Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Regency Centers's adjusted book value per share for the three months ended in Dec. 2024 was $35.930. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $39.05 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Regency Centers's average Cyclically Adjusted Book Growth Rate was 6.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 7.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Regency Centers was 10.50% per year. The lowest was -3.60% per year. And the median was 1.10% per year.

As of today (2025-04-30), Regency Centers's current stock price is $71.85. Regency Centers's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was $39.05. Regency Centers's Cyclically Adjusted PB Ratio of today is 1.84.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Regency Centers was 4.21. The lowest was 1.24. And the median was 2.43.


Regency Centers Cyclically Adjusted Book per Share Historical Data

The historical data trend for Regency Centers's Cyclically Adjusted Book per Share 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 Cyclically Adjusted Book per Share Chart

Regency Centers Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.06 30.42 33.89 36.53 39.05

Regency Centers Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Cyclically Adjusted Book per Share 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 36.53 37.58 38.19 38.68 39.05

Competitive Comparison of Regency Centers's Cyclically Adjusted Book per Share

For the REIT - Retail subindustry, Regency Centers's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio 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 Cyclically Adjusted PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Regency Centers's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Regency Centers's Cyclically Adjusted PB Ratio falls into.


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Regency Centers Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Regency Centers's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book= Book Value per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=35.93/133.1571*133.1571
=35.930

Current CPI (Dec. 2024) = 133.1571.

Regency Centers Quarterly Data

Book Value per Share CPI Adj_Book
201503 16.453 99.621 21.992
201506 16.562 100.684 21.904
201509 16.577 100.392 21.987
201512 17.864 99.792 23.837
201603 17.708 100.470 23.469
201606 18.577 101.688 24.326
201609 21.529 101.861 28.144
201612 21.760 101.863 28.445
201703 39.218 102.862 50.768
201706 38.984 103.349 50.228
201709 38.855 104.136 49.683
201712 39.135 104.011 50.101
201803 38.834 105.290 49.112
201806 38.615 106.317 48.364
201809 38.520 106.507 48.159
201812 38.194 105.998 47.980
201903 38.004 107.251 47.184
201906 37.701 108.070 46.453
201909 37.473 108.329 46.061
201912 37.177 108.420 45.659
202003 36.646 108.902 44.808
202006 36.182 108.767 44.295
202009 35.694 109.815 43.281
202012 35.368 109.897 42.854
202103 35.248 111.754 41.999
202106 35.245 114.631 40.941
202109 35.557 115.734 40.910
202112 35.351 117.630 40.017
202203 35.784 121.301 39.282
202206 35.878 125.017 38.214
202209 35.836 125.227 38.105
202212 35.726 125.222 37.990
202303 35.532 127.348 37.153
202306 35.415 128.729 36.633
202309 37.125 129.860 38.068
202312 36.972 129.419 38.040
202403 36.863 131.776 37.249
202406 36.204 132.554 36.369
202409 36.046 133.029 36.081
202412 35.930 133.157 35.930

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Regency Centers  (NAS:REG) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Regency Centers's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=71.85/39.05
=1.84

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Regency Centers was 4.21. The lowest was 1.24. And the median was 2.43.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Regency Centers Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Regency Centers's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Regency Centers Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Regency Centers Corp (NAS:REG) » Definitions » Cyclically Adjusted Book per Share
Address
One Independent Drive, Suite 114, Jacksonville, FL, USA, 32202
Regency Centers is one of the largest shopping center-focused retail REITs. The company's portfolio includes an interest in 482 properties, which includes over 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 12% 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
Lisa Palmer officer: Chief Financial Officer C/O REGENCY CENTERS CORPORATION, ONE INDEPENDENT DR., SUITE 114, JACKSONVILLE FL 32202
Michael J Mas officer: EVP and CFO 2764 SHADE TREE DRIVE, FLEMING ISLAND FL 32003
Michael R Herman officer: General Counsel-Elect RAYONIER ADVANCED MATERIALS INC., 1301 RIVERPLACE BLVD., SUITE 2300, JACKSONVILLE FL 32207
Nicholas Andrew Wibbenmeyer officer: EVP, W. Regional Pres. 1211 W 22ND STREET SUITE 300, OAK BROOK IL 60523
Alan Todd Roth officer: Managing Director 1919 GALLOWS ROAD SUITE 1000, VIENNA VA 22182
Kristin Ann Campbell director 500 STAPLES DRIVE, FRAMINGHAM MA 01702
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
Simmons James H. Iii director 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Deirdre Evens director 10 STILLMEADOW WAY, FRAMINGHAM MA 01702
Terah L Devereaux officer: Principal Accounting Officer ONE INDEPENDENT DRIVE, SUITE 114, JACKSONVILLE FL 32202