Regency CentersREG +1.94%81 ROC (Joel Greenblatt) % is 222.61% as of Mar. 2026, which is 1% below its 10-year median of 225.21. GuruFocus rates REG with a GF Score™ of 81/100 and a GF Value™ of $76.61 (Fairly Valued). The stock has 8 warning signs investors should review. Among 590 REITs companies, Regency Centers ranks better than 54.75% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Regency Centers's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 222.61%.
The historical rank and industry rank for Regency Centers's ROC (Joel Greenblatt) % or its related term are showing as below:
REG'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 67.74 Med: 225.21 Max: 6206.84
Current: 233.52
During the past 13 years, Regency Centers's highest ROC (Joel Greenblatt) % was 6206.84%. The lowest was 67.74%. And the median was 225.21%.
REG's ROC (Joel Greenblatt) % is ranked better than 54.75% of 590
companies
in the REITs industry
Industry Median: 176.06
vs REG: 233.52
Regency Centers's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 18.20% per year.
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
Regency Centers ROC (Joel Greenblatt) % Related Terms
Regency Centers ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Regency Centers's ROC (Joel Greenblatt) % 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.
REG vs KIM, FRT, BRX: ROC (Joel Greenblatt) % Comparison
For the REIT - Retail subindustry, Regency Centers's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Regency Centers's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Regency Centers's ROC (Joel Greenblatt) % falls into.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.
* 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.
What does a ROC (Joel Greenblatt) % of 222.61% mean?
Regency Centers (REG) has a ROC (Joel Greenblatt) % of 222.61% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Regency Centers and its competitors. This is near median its historical median of 225.21. Over the past decade, Regency Centers' ROC (Joel Greenblatt) % has ranged from 67.74 to 6,206.84. According to the industry distribution chart, Regency Centers ranks #267 out of 590 companies in the REITs industry, placing it in the top 45.3%.
Is Regency Centers' ROC (Joel Greenblatt) % too high?
Regency Centers' current ROC (Joel Greenblatt) % of 222.61% is near median its 10-year median of 225.21. Over the past 10 years, this metric has ranged from a low of 67.74 to a high of 6,206.84. The REITs industry median ROC (Joel Greenblatt) % is 176.06. Regency Centers' value of 222.61% is 26.4% above this industry median. Based on the distribution chart, Regency Centers ranks #267 out of 590 companies in the REITs industry, which is above the industry midpoint. Overall, Regency Centers has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Regency Centers' ROC (Joel Greenblatt) % compare to KIM and FRT?
According to the REITs industry distribution chart, Regency Centers ranks #267 out of 590 companies for ROC (Joel Greenblatt) %. This puts Regency Centers in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 176.06. Regency Centers' value of 222.61% is 26.4% above this benchmark. Historically, Regency Centers' own ROC (Joel Greenblatt) % has ranged from 67.74 to 6,206.84 over the past decade. While the company's 10-year median is 225.21 vs. the industry median of 176.06, Regency Centers has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC (Joel Greenblatt) % for a REITs company?
The median ROC (Joel Greenblatt) % among REITs companies is 176.06, based on 590 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Regency Centers's current ROC (Joel Greenblatt) % of 222.61% is 26.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Regency Centers and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 176.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Regency Centers's current ROC (Joel Greenblatt) % is 222.61%, which is near median its own 10-year median of 225.21. 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 (REG) is currently considered Fairly Valued. The stock's GF Value™ is $76.61, compared to a current price of $81.81 — trading 6.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 222.61%, which is near median its 10-year median of 225.21 and 26.4% above the REITs industry median of 176.06. Regency Centers' overall GF Score™ is 81/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Regency Centers (REG), the current ROC (Joel Greenblatt) % is 222.61% as of Mar. 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 (REG) Overvalued in 2026?
Based on GuruFocus' analysis, Regency Centers stock appears to be overvalued.
The current stock price of $81.81 is trading 6.8% above its estimated GF Value™ of $76.61.
GuruFocus considers Regency Centers to be Fairly Valued.
Key valuation signals for REG:
ROC (Joel Greenblatt) %: 222.61% (near median its 10-year median of 225.21)
GF Value™: $76.61 vs. price of $81.81 (6.8% above fair value)
Industry Position: 26.4% above the REITs median (#267 of 590)
No single metric tells the full story. See the REG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
81GF Score
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