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Regency Centers (LTS:0KUT) E10 : $1.89 (As of Sep. 2024)


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What is Regency Centers E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Regency Centers's adjusted earnings per share data for the three months ended in Sep. 2024 was $0.540. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.89 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Regency Centers's average E10 Growth Rate was 3.30% per year. During the past 3 years, the average E10 Growth Rate was 18.30% per year. During the past 5 years, the average E10 Growth Rate was 18.20% per year. During the past 10 years, the average E10 Growth Rate was 2.70% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Regency Centers was 19.10% per year. The lowest was -14.40% per year. And the median was -6.30% per year.

As of today (2024-12-12), Regency Centers's current stock price is $74.51137. Regency Centers's E10 for the quarter that ended in Sep. 2024 was $1.89. Regency Centers's Shiller PE Ratio of today is 39.42.

During the past 13 years, the highest Shiller PE Ratio of Regency Centers was 84.36. The lowest was 31.00. And the median was 52.72.


Regency Centers E10 Historical Data

The historical data trend for Regency Centers's E10 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 E10 Chart

Regency Centers Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.00 1.11 1.35 1.74 1.83

Regency Centers Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
E10 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 1.86 1.83 1.87 1.90 1.89

Competitive Comparison of Regency Centers's E10

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

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

* The bar in red indicates where Regency Centers's Shiller PE Ratio falls into.



Regency Centers E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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 earnings per share data for the three months ended in Sep. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=0.54/133.0289*133.0289
=0.540

Current CPI (Sep. 2024) = 133.0289.

Regency Centers Quarterly Data

per share eps CPI Adj_EPS
201412 0.785 99.070 1.054
201503 0.270 99.621 0.361
201506 0.340 100.684 0.449
201509 0.570 100.392 0.755
201512 0.182 99.792 0.243
201603 0.490 100.470 0.649
201606 0.350 101.688 0.458
201609 0.050 101.861 0.065
201612 0.530 101.863 0.692
201703 -0.260 102.862 -0.336
201706 0.280 103.349 0.360
201709 0.350 104.136 0.447
201712 0.498 104.011 0.637
201803 0.310 105.290 0.392
201806 0.280 106.317 0.350
201809 0.410 106.507 0.512
201812 0.460 105.998 0.577
201903 0.540 107.251 0.670
201906 0.310 108.070 0.382
201909 0.340 108.329 0.418
201912 0.240 108.420 0.294
202003 -0.150 108.902 -0.183
202006 0.110 108.767 0.135
202009 0.070 109.815 0.085
202012 0.227 109.897 0.275
202103 0.470 111.754 0.559
202106 0.560 114.631 0.650
202109 0.690 115.734 0.793
202112 0.390 117.630 0.441
202203 1.140 121.301 1.250
202206 0.610 125.017 0.649
202209 0.510 125.227 0.542
202212 0.558 125.222 0.593
202303 0.570 127.348 0.595
202306 0.510 128.729 0.527
202309 0.500 129.860 0.512
202312 0.460 129.419 0.473
202403 0.580 131.776 0.586
202406 0.540 132.554 0.542
202409 0.540 133.029 0.540

Add all the adjusted EPS together and divide 10 will get our e10.


Regency Centers  (LTS:0KUT) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Regency Centers's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=74.51137/1.89
=39.42

* 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 Shiller P/E Ratio of Regency Centers was 84.36. The lowest was 31.00. And the median was 52.72.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Regency Centers E10 Related Terms

Thank you for viewing the detailed overview of Regency Centers's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Regency Centers Business Description

Traded in Other Exchanges
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 483 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.

Regency Centers Headlines

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