Regency Centers (STU:RRC) Beneish M-Score: -2.59 (As of Jun. 25, 2026)


STU:RRC Regency Centers Corp STU:RRC
79 GF Score
Price €70.00
GF Value €67.14
Valuation Fairly Valued
! 7 Warning Signs
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What is Regency Centers Beneish M-Score?

Regency Centers STU:RRC +1.45% 79 Beneish M-Score is -2.59 as of Jun. 25, 2026. GuruFocus rates STU:RRC with a GF Score™ of 79/100 and a GF Value™ of €67.14 (Fairly Valued). The stock has 7 warning signs investors should review. Among 765 REITs companies, Regency Centers ranks better than 61.44% on this metric.

The zones of discrimination for M-Score is as such:

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Good Sign:

Beneish M-Score -2.59 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Regency Centers's Beneish M-Score or its related term are showing as below:

STU:RRC' s Beneish M-Score Range Over the Past 10 Years
Min: -2.93   Med: -2.5   Max: -2.05
Current: -2.59

During the past 13 years, the highest Beneish M-Score of Regency Centers was -2.05. The lowest was -2.93. And the median was -2.50.


Regency Centers Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Regency Centers's Beneish M-Score 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.

Regency Centers Beneish M-Score Chart

Regency Centers Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.55 -2.41 -2.51 -2.44 -2.58

Regency Centers Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beneish M-Score 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 -2.55 -2.59 -2.59 -2.58 -2.59

STU:RRC vs KIM, FRT, BRX: Beneish M-Score Comparison

For the REIT - Retail subindustry, Regency Centers's Beneish M-Score, along with its competitors' market caps and Beneish M-Score 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 Beneish M-Score vs REITs Industry

For the REITs industry and Real Estate sector, Regency Centers's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Regency Centers's Beneish M-Score falls into.


STU:RRC
79GF Score
Regency Centers Corp STU:RRC
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Regency Centers Beneish M-Score Calculation

The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.

The M-Score Variables:

The M-score of Regency Centers for today is based on a combination of the following eight different indices:

M=-4.84+0.92 * DSRI+0.528 * GMI+0.404 * AQI+0.892 * SGI+0.115 * DEPI
=-4.84+0.92 * 0.9988+0.528 * 0.9933+0.404 * 0.9964+0.892 * 0.9984+0.115 * 0.9794
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9898+4.679 * -0.033972-0.327 * 0.9966
=-2.65

* 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.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was €246 Mil.
Revenue was 356.772 + 345.182 + 330.21 + 330.195 = €1,362 Mil.
Gross Profit was 248.898 + 241.395 + 234.316 + 236.335 = €961 Mil.
Total Current Assets was €372 Mil.
Total Assets was €11,285 Mil.
Property, Plant and Equipment(Net PPE) was €286 Mil.
Depreciation, Depletion and Amortization(DDA) was €338 Mil.
Selling, General, & Admin. Expense(SGA) was €89 Mil.
Total Current Liabilities was €200 Mil.
Long-Term Debt & Capital Lease Obligation was €4,816 Mil.
Net Income was 111.195 + 172.917 + 93.186 + 91.92 = €469 Mil.
Non Operating Income was 26.141 + 93.898 + 17.316 + 11.067 = €148 Mil.
Cash Flow from Operations was 132.111 + 174.172 + 186.303 + 211.59 = €704 Mil.
Total Receivables was €247 Mil.
Revenue was 352.344 + 355.772 + 324.6 + 331.885 = €1,365 Mil.
Gross Profit was 246.136 + 246.619 + 228.908 + 234.369 = €956 Mil.
Total Current Assets was €334 Mil.
Total Assets was €11,618 Mil.
Property, Plant and Equipment(Net PPE) was €304 Mil.
Depreciation, Depletion and Amortization(DDA) was €343 Mil.
Selling, General, & Admin. Expense(SGA) was €90 Mil.
Total Current Liabilities was €561 Mil.
Long-Term Debt & Capital Lease Obligation was €4,620 Mil.




1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI=(Receivables_t / Revenue_t) / (Receivables_t-1 / Revenue_t-1)
=(246.029 / 1362.359) / (246.725 / 1364.601)
=0.18059 / 0.180804
=0.9988

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI=GrossMargin_t-1 / GrossMargin_t
=(GrossProfit_t-1 / Revenue_t-1) / (GrossProfit_t / Revenue_t)
=(956.032 / 1364.601) / (960.944 / 1362.359)
=0.700595 / 0.705353
=0.9933

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI=(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) / (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
=(1 - (371.939 + 286.477) / 11285.209) / (1 - (334.375 + 304.059) / 11618.065)
=0.941657 / 0.945048
=0.9964

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.

SGI=Sales_t / Sales_t-1
=Revenue_t / Revenue_t-1
=1362.359 / 1364.601
=0.9984

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.

DEPI=(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1)) / (Depreciation_t / (Depreciaton_t + PPE_t))
=(343.278 / (343.278 + 304.059)) / (338.251 / (338.251 + 286.477))
=0.530293 / 0.541437
=0.9794

Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.

6. SGAI = Sales, General and Administrative expenses Index

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI=(SGA_t / Sales_t) / (SGA_t-1 /Sales_t-1)
=(88.873 / 1362.359) / (89.939 / 1364.601)
=0.065235 / 0.065909
=0.9898

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI=((LTD_t + CurrentLiabilities_t) / TotalAssets_t) / ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
=((4815.583 + 199.716) / 11285.209) / ((4620.161 + 560.547) / 11618.065)
=0.444413 / 0.445918
=0.9966

8. TATA = Total Accruals to Total Assets

Total accruals calculated as the change in working capital accounts other than cash less depreciation.

TATA=(IncomefromContinuingOperations_t - CashFlowsfromOperations_t) / TotalAssets_t
=(NetIncome_t - NonOperatingIncome_t - CashFlowsfromOperations_t) / TotalAssets_t
=(469.218 - 148.422 - 704.176) / 11285.209
=-0.033972

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Regency Centers has a M-score of -2.65 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -2.59 mean?
Regency Centers (STU:RRC) has a Beneish M-Score of -2.59 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Regency Centers and its competitors. According to the industry distribution chart, Regency Centers ranks #295 out of 765 companies in the REITs industry, placing it in the top 38.6%.
Is Regency Centers' Beneish M-Score too high?
Regency Centers' current Beneish M-Score is -2.59. Based on the distribution chart, Regency Centers ranks #295 out of 765 companies in the REITs industry, which is above the industry midpoint. Overall, Regency Centers has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Regency Centers' Beneish M-Score compare to KIM and FRT?
According to the REITs industry distribution chart, Regency Centers ranks #295 out of 765 companies for Beneish M-Score. This puts Regency Centers in the upper half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for a REITs company?
A good Beneish M-Score depends on the REITs industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Regency Centers and its competitors. Regency Centers's current Beneish M-Score is -2.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Regency Centers stock overvalued right now?
Based on GuruFocus' analysis, Regency Centers (STU:RRC) is currently considered Fairly Valued. The stock's GF Value™ is €67.14, compared to a current price of €70.00 — trading 4.3% above its estimated fair value. The current Beneish M-Score is -2.59. Regency Centers' overall GF Score™ is 79/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For Regency Centers (STU:RRC), the current Beneish M-Score is -2.59 as of Jun. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Regency Centers (STU:RRC) Overvalued in 2026?

Based on GuruFocus' analysis, Regency Centers stock appears to be overvalued. The current stock price of €70.00 is trading 4.3% above its estimated GF Value™ of €67.14. GuruFocus considers Regency Centers to be Fairly Valued.

Key valuation signals for STU:RRC:

  • Beneish M-Score: -2.59
  • GF Value™: €67.14 vs. price of €70.00 (4.3% above fair value)
  • GF Score™: 79/100 with 7 warning signs

No single metric tells the full story. See the STU:RRC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Regency Centers Business Description

Industry Real EstateREITs
Other Exchanges REG:USA0KUT:UKR1EG34:Brazil
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 481 properties, which includes over 58 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.
79GF Score

Get the complete analysis for STU:RRC

Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€70.00
Price
€67.14
GF Value