What is Regency Centers (REG) worth?

On 12 Nov 2026 our base value for Regency Centers is $86.30 a share, 13.9% above its $75.74 close; 1 of 1 valuation methods put it above the price.

Valuation methods

MethodValuevs priceBasis
Discounted cash flow——not used for REITs: depreciation of property makes earnings and free cash flow understate what a REIT earns; see price to FFO
Exit multiple (P/E)——not used for REITs: depreciation of property makes earnings and free cash flow understate what a REIT earns; see price to FFO
Sum of the parts——not used for REITs: REITs are valued on funds from operations; see price to FFO
Price to sales——not used for REITs: REITs are valued on funds from operations; see price to FFO
Tangible book——not used for REITs: REITs are valued on funds from operations; see price to FFO
Price to FFO (REITs)$86.30+13.9%funds from operations $5.07 a share (FY2025) at its own 5-year median of 17× (today 14.9×)

How we got this number

Each working is rebuilt by code from the valuation's own figures and checked against the published value.

Price to FFO (REITs)
Fiscal yearNet incomeDepreciationFFOSharesFFO per shareYear-end closeP/FFO
2021$366.29m$280.39m$646.68m170.69m$3.79$75.3519.9×
2022$488.04m$298.70m$786.74m171.79m$4.58$62.5013.6×
2023$370.87m$323.15m$694.02m176.37m$3.93$67.0017.0×
2024$409.84m$372.01m$781.85m183.04m$4.27$73.9317.3×
2025$540.95m$382.75m$923.71m182.23m$5.07$69.0313.6×
Median P/FFO17.0×
Latest FFO per share (FY2025)$5.07
Value per share = median × latest FFO per share$86.30
Base value

For a REIT the base value is the price-to-FFO value: $86.30 a share.

Targets

Bear $69.18 · Base $86.30 · Bull $87.73 (the REIT's own lower and upper quartile price-to-FFO)

One-year price simulation: a 70% chance the price is higher than today's $75.74 in a year, from 15.26% volatility. The simulation assumes the price drifts up at our discount rate of 9.13% a year.

Base value history

WeekPriceBase value
2 Oct 2026$71.60$86.30
9 Oct 2026$72.05$86.30
16 Oct 2026$73.24$86.30
23 Oct 2026$73.98$86.30
30 Oct 2026$74.59$86.30
6 Nov 2026$74.84$86.30
12 Nov 2026$75.74$86.30

Data as of 12 Nov 2026; financials to 30 Sep 2026. Sources: company filings via EODHD, SEC EDGAR, US Treasury. How these values are computed. Not investment advice.

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