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.
来源: 10-Q Financial Data, Income Statement
该报告暂无中文版，以下为英文版分析。
按公开的固定规则计算，不是模型的主观判断——但其中一项输入（高等级风险的条数）取自下方的 AI 分析。
非投资建议，也不是目标价——评的是本季基本面，不是股价。 完整方法论 →
AI核心结论
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%.
营收
4.12亿美元
同比 +8.28%
营业利润
2.96亿美元
同比 +8.36%
SEC XBRL 原值
Regency Centers (REG) Q1 FY2026 营收 4.12亿美元，同比增长 8.3%。 营业利润率 71.9%，较去年同期的 71.8% 扩大 0.1 个百分点。 经营活动现金流 1.53亿美元，同比下降 5.2%。 REG 的财年 Q1 FY2026 对应日历 Q1 2026。
近 4 个季度：4 次超预期
| 季度 | 实际 EPS（美元） | 市场预期（美元） | 结果 |
|---|---|---|---|
| 2026年6月 | 0.61 | 0.60 | 超预期 +1.1% |
| 2026年3月本次财报 | 0.68 | 0.63 | 超预期 +7.4% |
| 2025年12月 | 0.68 | 0.59 | 超预期 +15.3% |
| 2025年9月 | 0.58 | 0.57 | 超预期 +2.5% |
2026年3月 实际 EPS 0.68美元，分析师一致预期 0.63美元，超预期 +7.4%。
由 AI 基于本次 SEC 报告整理
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.
来源: 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.
来源: 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.
来源: 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.
来源: 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.
来源: 10-Q Financial Data, Cash Flow Statement
由 AI 基于本次 SEC 报告整理 · 高 2 中 2 低 1
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.
来源: 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.
来源: 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.
来源: 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.
来源: 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.
来源: 10-Q Financial Data, Cash Flow Statement
| 指标 | 当期 | 上期 | 同比变化 |
|---|---|---|---|
营收 亿美元 | 4.12 亿美元 | 3.81 亿美元 | +8.28% |
营业利润 亿美元 | 2.96 亿美元 | 2.74 亿美元 | +8.36% |
净利润 亿美元 | 1.29 亿美元 | 1.10 亿美元 | +17.30% |
答案基于本次 SEC 报告与本页数据