Strong Revenue Growth
Total revenue increased 8.3% YoY from $380.9M to $412.5M in Q1 FY2026, reflecting continued demand for REG's real estate portfolio and stable rental income streams.
Source: 10-Q Financial Data, Income Statement
Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
REG delivered solid Q1 FY2026 results with revenue growing 8.3% YoY to $412.5M and net income surging 17.3% to $128.5M, while maintaining an industry-leading operating margin of ~71.9%.
Revenue
$412.45M
+8.28% YoY
Operating Income
$296.39M
+8.36% YoY
Source: SEC XBRL
Regency Centers (REG) reported Q1 FY2026 revenue of $412.45M, up 8.3% year over year. Operating margin was 71.9%, up 0.1 points from 71.8% a year earlier. Operating cash flow was $152.73M, down 5.2% year over year. REG's fiscal Q1 FY2026 corresponds to calendar Q1 2026.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 0.61 | 0.60 | Beat +1.1% |
| Mar 2026This filing | 0.68 | 0.63 | Beat +7.4% |
| Dec 2025 | 0.68 | 0.59 | Beat +15.3% |
| Sep 2025 | 0.58 | 0.57 | Beat +2.5% |
Reported EPS of $0.68 versus the $0.63 analyst consensus — a +7.4% beat for Mar 2026.
Compiled by AI from this SEC filing
Total revenue increased 8.3% YoY from $380.9M to $412.5M in Q1 FY2026, reflecting continued demand for REG's real estate portfolio and stable rental income streams.
Source: 10-Q Financial Data, Income Statement
Operating margin held virtually flat at 71.86% (vs. 71.81% prior year), demonstrating disciplined cost management and the high-quality, low-variable-cost nature of REG's property operations.
Source: 10-Q Financial Data, Key Ratios
Net income grew 17.3% YoY to $128.5M, outpacing revenue growth of 8.3%, suggesting improved efficiency below the operating line, potentially from lower interest costs or favorable non-operating items.
Source: 10-Q Financial Data, Income Statement
Total assets grew 3.9% YoY to $13.05B, supported by a 2.9% increase in stockholders' equity to $6.89B, indicating continued portfolio investment and retained earnings accumulation.
Source: 10-Q Financial Data, Balance Sheet
Operating cash flow dipped 5.2% YoY to $152.7M despite higher net income, likely due to working capital timing differences; investing outflows fell sharply by 47.3% to $94.9M, suggesting reduced acquisition or capex activity in the quarter.
Source: 10-Q Financial Data, Cash Flow Statement
Compiled by AI from this SEC filing · 2 high, 2 medium, 1 low
Long-term debt increased 7.8% YoY to $5.0B, raising the debt-to-equity ratio to 0.85. In a higher-for-longer interest rate environment, refinancing this debt at elevated rates could pressure future earnings and cash flow. The company's ability to service this debt depends heavily on sustained rental income.
Source: 10-Q Financial Data, Balance Sheet
Operating cash flow declined 5.2% YoY to $152.7M even as net income rose 17.3%, creating a notable divergence. This gap may reflect non-cash income items or unfavorable working capital movements that could signal lower cash earnings quality. Sustained divergence warrants monitoring for future periods.
Source: 10-Q Financial Data, Cash Flow Statement
With $13.05B in total assets predominantly in real estate, REG is highly exposed to property market cycles, occupancy rate fluctuations, and geographic concentration risks. Any deterioration in retail or commercial real estate fundamentals could materially impair asset values and rental revenues.
Source: 10-Q Financial Data, Balance Sheet
ROE of 1.86% and ROA of 0.99% are relatively modest, reflecting the capital-intensive nature of REIT operations and the large equity and asset base relative to net income. These metrics may limit the company's attractiveness to return-focused investors compared to other sectors.
Source: 10-Q Financial Data, Key Ratios
Financing cash flow swung from a positive $35.8M inflow in Q1 FY2025 to a $32.9M outflow in Q1 FY2026, a 192% reversal. This shift may indicate reduced debt issuance, higher dividend payments, or share repurchases, which could constrain liquidity if operating cash flows weaken.
Source: 10-Q Financial Data, Cash Flow Statement
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $M | 412.45 $M | 380.91 $M | +8.28% |
Operating Income $M | 296.39 $M | 273.54 $M | +8.36% |
Net Income $M | 128.55 $M | 109.59 $M | +17.30% |
Answers draw on this SEC filing and the data on this page
Regency Centers posted 4.1% same-property NOI growth and 11.2% rent spreads in the first half of 2026, while highlighting escalating geopolitical risks and a net income increase to $237.5 million.
REG delivered solid FY2025 results with revenue growing 6.9% to $1.55B and net income surging 31.7% to $527.5M, supported by a stable 72.3% operating margin and strong operating cash flow of $827.7M.
Other companies in Retail REITs