Regency Centers Corporation (REG)

Regency Centers Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Rental Revenue	1,328	1,284	1,187	1,113	980.17	1,094
Property Management Fees	27.31	26.95	25.85	40.34	26.5	29.64
Other Revenue	60.21	58.95	57.8	50.16	41.26	40.74
Total Revenue	1,416	1,370	1,271	1,204	1,048	1,165
Revenue Growth (YoY	10.20%	7.77%	5.58%	14.88%	-10.02%	0.37%
Property Expenses	412.85	394.77	345.94	326.68	313.08	306.15
Selling, General & Administrative	98.66	97.81	79.9	78.22	75	74.98
Depreciation & Amortization	367.16	352.28	319.7	303.33	345.9	374.28
Other Operating Expenses	11.7	8.56	6.21	4.71	13	7.06
Total Operating Expenses	890.37	853.42	751.75	712.94	746.98	762.47
Operating Income	525.39	516.43	519.35	490.93	300.96	402.2
Interest Expense	-164.95	-156.21	-147.13	-145.17	-156.68	-151.26
Net Interest Expense	-154.36	-148.58	-146.19	-139.71	-151.37	-145.7
EBT Excluding Unusual Items	371.04	367.84	373.16	351.22	149.59	256.51
Impairment of Goodwill	-	-	-	-	-132.13	-
Gain (Loss) on Sale of Investments	3.16	3.16	5.83	9.38	2.41	29.42
Gain (Loss) on Sale of Assets	11.81	0.66	109.01	91.12	67.47	24.24
Other Unusual Items	-0.08	0.1	-	-	-21.84	-11.98
Pretax Income	385.93	371.76	488	367.33	46.96	244.02
Income Tax Expense	0.9	0.9	-0.04	1.04	-0.36	0.76
Earnings From Continuing Operations	385.04	370.87	488.04	366.29	47.32	243.26
Net Income to Company	385.04	370.87	488.04	366.29	47.32	243.26
Minority Interest	-7.99	-6.31	-5.17	-4.88	-2.43	-3.83
Preferred Dividends & Other Adjustments	8.47	5.06	-	-	-	-
Net Income to Common Shareholders	368.58	359.5	482.87	361.41	44.89	239.43
Net Income Growth	-2.04%	-24.50%	33.61%	705.12%	-81.25%	-3.89%
Basic Shares Outstanding	179	176	171	170	169	168
Diluted Shares Outstanding	180	176	172	171	169	168
Shares Change (YoY)	4.62%	2.67%	0.64%	0.73%	1.01%	-1.37%
EPS (Basic)	2.05	2.04	2.82	2.12	0.27	1.43
EPS (Diluted)	2.05	2.04	2.81	2.12	0.26	1.43
EPS Growth	-8.32%	-27.40%	32.55%	715.38%	-81.81%	-2.11%
Dividend Per Share	2.640	2.620	2.525	2.410	2.380	2.340
Dividend Growth	3.53%	3.76%	4.77%	1.26%	1.71%	5.41%
Payout Ratio	130.10%	125.21%	88.69%	111.53%	669.51%	163.14%
EBITDA	863.61	839.58	818.05	771.32	606.32	732.62
EBITDA Margin	61.00%	61.29%	64.36%	64.07%	57.86%	62.90%
D&A For Ebitda	338.22	323.15	298.7	280.4	305.36	330.42
EBIT	525.39	516.43	519.35	490.93	300.96	402.2
EBIT Margin	37.11%	37.70%	40.86%	40.78%	28.72%	34.53%
Funds From Operations (FFO)	749.56	736.09	707.76	-	-	-
FFO Per Share	-	4.15	4.10	-	-	-
Adjusted Funds From Operations (AFFO)	-	736.09	707.76	-	-	-
AFFO Per Share	-	4.15	4.10	-	-	-
Effective Tax Rate	0.23%	0.24%	-	0.28%	-	0.31%
Revenue as Reported	1,368	1,322	1,224	1,166	1,016	1,133

Source: S&P Capital IQ. Real Estate template.