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Regency Centers (BSP:R1EG34) Return-on-Tangible-Asset : 3.43% (As of Sep. 2024)


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What is Regency Centers Return-on-Tangible-Asset?

Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Regency Centers's annualized Net Income for the quarter that ended in Sep. 2024 was R$2,248 Mil. Regency Centers's average total tangible assets for the quarter that ended in Sep. 2024 was R$65,485 Mil. Therefore, Regency Centers's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 was 3.43%.

The historical rank and industry rank for Regency Centers's Return-on-Tangible-Asset or its related term are showing as below:

BSP:R1EG34' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.42   Med: 3.34   Max: 4.68
Current: 3.36

During the past 13 years, Regency Centers's highest Return-on-Tangible-Asset was 4.68%. The lowest was 0.42%. And the median was 3.34%.

BSP:R1EG34's Return-on-Tangible-Asset is ranked better than
58.94% of 923 companies
in the REITs industry
Industry Median: 2.53 vs BSP:R1EG34: 3.36

Regency Centers Return-on-Tangible-Asset Historical Data

The historical data trend for Regency Centers's Return-on-Tangible-Asset 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 Return-on-Tangible-Asset Chart

Regency Centers Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.36 0.47 3.61 4.45 3.14

Regency Centers Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Return-on-Tangible-Asset 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 3.27 2.99 3.66 3.53 3.43

Competitive Comparison of Regency Centers's Return-on-Tangible-Asset

For the REIT - Retail subindustry, Regency Centers's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Regency Centers's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Regency Centers's Return-on-Tangible-Asset falls into.



Regency Centers Return-on-Tangible-Asset Calculation

Regency Centers's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=1786.256/( (55052.639+58682.337)/ 2 )
=1786.256/56867.488
=3.14 %

Regency Centers's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=2247.66/( (64420.336+66549.465)/ 2 )
=2247.66/65484.9005
=3.43 %

* 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 Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Sep. 2024) net income data.


Regency Centers  (BSP:R1EG34) Return-on-Tangible-Asset Explanation

Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.


Be Aware

Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the company’s earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a company’s tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.


Regency Centers Return-on-Tangible-Asset Related Terms

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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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