Regency Centers Corporation (REG) Income Statement
REG 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsREG revenue and net income
Where REG's revenue goes
2025Each bar shows an amount and its share of revenue. REG kept 33.9% of revenue as net income.
REG profit margins
REG growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +3.4% | +6.9% | +8.2% | +10.6% |
| Gross profit | −35.1% | −9.1% | −1.1% | +5.0% |
| Operating income | −40.6% | −12.0% | −2.7% | +11.3% |
| Net income | +31.7% | +3.0% | +63.7% | +13.4% |
| EPS (diluted) | +33.2% | +10.2% | +26.1% | +6.8% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
REG quarterly EPS vs estimates
Regency Centers beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 5, 2026 (estimate $1.22).
REG income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.55B | $1.50B | $1.37B | $1.27B | $1.20B | $1.05B | $1.13B | $1.12B | $984.3M | $614.4M |
| Cost of revenue | $860.1M | $433.1M | $394.8M | $345.9M | $326.7M | $313.1M | $306.1M | $305.9M | $253.7M | $161.4M |
| Gross profit | $694.1M | $1.07B | $975.1M | $925.2M | $877.2M | $734.9M | $827.0M | $815.1M | $730.6M | $453.0M |
| Research & development | — | — | $0 | $588,000 | $1.5M | $10.5M | $2.5M | $0 | $0 | $0 |
| Sales, general & admin | $118.5M | $101.5M | $97.8M | $79.9M | $78.2M | $75.0M | $75.0M | $65.5M | $67.6M | $65.3M |
| Total operating expenses | $118.5M | $101.5M | $97.8M | $79.9M | $78.2M | $75.0M | −$763.2M | −$740.8M | −$664.1M | −$396.7M |
| Operating income | $575.6M | $968.8M | $877.3M | $845.3M | $799.0M | $659.9M | $303.8M | $330.6M | $227.1M | $192.8M |
| Interest income | $7.7M | $9.6M | $1.5M | $1.1M | $1.2M | $1.6M | $84.7M | $106.6M | $85.3M | $73.1M |
| Interest expense | $212.0M | $189.0M | $155.8M | $146.2M | $145.4M | $153.9M | $144.8M | $141.3M | $126.0M | $83.5M |
| Income before taxes | $516.5M | $414.4M | $371.8M | $488.0M | $367.3M | $47.0M | $243.3M | $252.3M | $141.8M | $119.7M |
| Income taxes | — | $4.5M | $895,000 | −$39,000 | $1.0M | −$355,000 | $757,000 | $520,000 | −$9.7M | $94.8M |
| Net income | $527.5M | $400.4M | $364.6M | $482.9M | $361.4M | $44.9M | $239.4M | $249.1M | $176.1M | $164.9M |
| EBITDA | $1.11B | $939.8M | $839.6M | $818.1M | $771.3M | $606.3M | $744.2M | $739.9M | $573.8M | $373.5M |
| EPS (diluted) | $2.81 | $2.11 | $2.05 | $2.10 | $1.59 | $0.88 | $1.69 | $1.76 | $0.81 | $2.03 |
| Gross margin | 44.7% | 71.2% | 71.2% | 72.8% | 72.9% | 70.1% | 73.0% | 72.7% | 74.2% | 73.7% |
| Operating margin | 37.0% | 64.4% | 64.0% | 66.5% | 66.4% | 63.0% | 26.8% | 29.5% | 23.1% | 31.4% |
| Net margin | 33.9% | 26.6% | 26.6% | 38.0% | 30.0% | 4.3% | 21.1% | 22.2% | 17.9% | 26.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $414.8M | $413.4M | $506.8M | $387.0M | $394.6M | $395.4M | $384.2M | $373.8M | $369.6M | $375.8M | $370.7M | $343.2M |
| Cost of revenue | $338.0M | $337.0M | $226.9M | $214.8M | $108.3M | $114.8M | $114.3M | $106.2M | $105.0M | $107.6M | $113.0M | $99.4M |
| Gross profit | $76.8M | $76.4M | $279.8M | $172.2M | $286.3M | $280.6M | $269.9M | $267.5M | $264.6M | $268.2M | $257.7M | $243.8M |
| Research & development | — | — | — | — | — | — | — | — | — | — | $1.2M | $297,000 |
| Sales, general & admin | — | $25.6M | $72.3M | $30.8M | $25.5M | $21.6M | $26.0M | $25.1M | $26.1M | $28.0M | $26.6M | $20.9M |
| Total operating expenses | −$75.5M | −$76.3M | $31.7M | $30.8M | $25.5M | $21.6M | $26.0M | $25.1M | $26.1M | $28.0M | $26.6M | $20.9M |
| Operating income | $152.3M | $152.7M | $248.1M | $141.4M | $260.9M | $259.0M | $243.8M | $242.5M | $238.5M | $240.2M | $231.2M | $222.9M |
| Interest income | — | $2.0M | $2.8M | $2.2M | $1.3M | $1.3M | $1.4M | $1.6M | $4.0M | $2.6M | $829,000 | $385,000 |
| Interest expense | $55.8M | $54.9M | $52.6M | $53.3M | $51.4M | $47.6M | $48.2M | $48.4M | $47.0M | $45.4M | $42.8M | $39.1M |
| Income before taxes | $119.7M | $132.8M | $291.9M | $112.6M | $108.3M | $111.9M | $93.2M | $103.6M | $104.9M | $112.7M | $92.9M | $92.2M |
| Income taxes | — | — | — | — | — | — | $4.5M | $2.1M | $2.3M | $5.0M | $895,000 | $51.0M |
| Net income | $115.8M | $128.5M | $304.7M | $109.4M | $106.0M | $109.6M | $86.5M | $101.5M | $102.7M | $109.8M | $89.8M | $90.7M |
| EBITDA | $284.3M | $294.1M | $392.2M | $210.2M | $253.7M | $251.1M | $241.6M | $233.6M | $230.4M | $234.2M | $219.8M | $211.6M |
| EPS (diluted) | $1.21 | $0.68 | $1.09 | $0.58 | $0.56 | $0.58 | $0.46 | $0.54 | $0.54 | $0.57 | $0.47 | $0.50 |
| Gross margin | 18.5% | 18.5% | 55.2% | 44.5% | 72.6% | 71.0% | 70.2% | 71.6% | 71.6% | 71.4% | 69.5% | 71.0% |
| Operating margin | 36.7% | 36.9% | 49.0% | 36.5% | 66.1% | 65.5% | 63.5% | 64.9% | 64.5% | 63.9% | 62.4% | 64.9% |
| Net margin | 27.9% | 31.1% | 60.1% | 28.3% | 26.9% | 27.7% | 22.5% | 27.1% | 27.8% | 29.2% | 24.2% | 26.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in REG's financial statements (latest annual report filed February 13, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
REG financial results
In fiscal year 2025 (ended December 31, 2025), Regency Centers reported revenue of $1.6 billion, up 3.4% from the year before. It had net income of $527.5 million (up 31.7%), a net profit margin of 33.9%. Diluted earnings per share came to $2.81. Over five years revenue grew at an average rate of 8.2% a year.
See the REG stock overview for the latest quote and news, or the REG chart for price history and technical indicators.
REG income statement FAQ
What is Regency Centers's annual revenue?
Regency Centers reported total revenue of $1.6 billion for fiscal year 2025, which ended on December 31, 2025. That was up 3.4% from $1.5 billion the previous year.
Is Regency Centers profitable?
Yes. Regency Centers reported net income of $527.5 million in fiscal 2025, a net profit margin of 33.9%; its operating margin was 37.0%.
What is Regency Centers's gross margin?
Regency Centers's gross margin was 44.7% in fiscal 2025: for every $100 of revenue, Regency Centers kept $45 after the direct cost of its products and services.
How fast is Regency Centers growing?
Revenue grew 8.2% a year on average over the last five fiscal years, from $1.0 billion to $1.6 billion.
What are Regency Centers's earnings per share?
Regency Centers earned $2.81 per diluted share in fiscal 2025, compared with $2.11 a year earlier.
When will Regency Centers report its next earnings?
Regency Centers is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does Regency Centers's fiscal year end?
Regency Centers's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 13, 2026.