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Regency Centers Corp (REG) Files 10-K for the Fiscal Year Ended on December 31, 2017

- By insider

Regency Centers Corp (REG) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017. Regency Centers Corp is a real estate investment trust and is a grocery-anchored shopping center company. It leases space in its shopping centers to grocery stores, retail anchors, restaurants, side-shop retailers, and service providers. Regency Centers Corp has a market cap of $10.04 billion; its shares were traded at around $58.61 with a P/E ratio of 67.37 and P/S ratio of 9.55. The dividend yield of Regency Centers Corp stocks is 3.67%. Regency Centers Corp had annual average EBITDA growth of 0.10% over the past five years.


For the last quarter Regency Centers Corp reported a revenue of $264.8 million, compared with the revenue of $159.6 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $984.3 million, an increase of 60.2% from last year. For the last five years Regency Centers Corp had an average revenue growth rate of 13.4% a year.

The reported diluted earnings per share was 93.3 cents for the year, a decline of 34.3% from the previous year. The Regency Centers Corp had a decent operating margin of 24.34%, compared with the operating margin of 34.38% a year before. The 10-year historical median operating margin of Regency Centers Corp is 35.26%. The profitability rank of the company is 7 (out of 10).

At the end of the fiscal year, Regency Centers Corp has the cash and cash equivalents of $49.4 million, compared with $13.3 million in the previous year. The long term debt was $3.6 billion, compared with $1.6 billion in the previous year. The interest coverage to the debt is 1.8, which is not a favorable level. Regency Centers Corp has a financial strength rank of 5 (out of 10).

At the current stock price of $58.61, Regency Centers Corp is traded at close to its historical median P/S valuation band of $58.94. The P/S ratio of the stock is 9.55, while the historical median P/S ratio is 9.60. The stock lost 13.65% during the past 12 months.

Directors and Officers Recent Trades:

  • Director John C Schweitzer sold 7,136 shares of REG stock on 02/22/2018 at the average price of $58.36. The price of the stock has increased by 0.43% since.
  • Former Director Chaim Katzman sold 1,759,257 shares of REG stock on 02/15/2018 at the average price of $57.56. The price of the stock has increased by 1.82% since.

For the complete 20-year historical financial data of REG, click here.

This article first appeared on GuruFocus.