← REGENCY CENTERS CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.2b | $2.0b | $2.2b | $1.1b | $1.0b | $1.2b | $1.2b | $1.3b | $1.5b | $1.6b | |
| Revenues: | |||||||||||
| Other operating expenses | $28.2m | $178.4m | $19.5m | $7.8m | $12.6m | $5.8m | $6.2m | $9.5m | $10.9m | $8.8m | |
| Operating Expenses | $806.3m | $1.5b | $1.5b | $763.2m | $746.6m | $714.0m | $751.7m | $854.3m | $940.1m | $970.5m | |
| Total operating expenses | $806.3m | $1.5b | $1.5b | $763.2m | $746.6m | $714.0m | $751.7m | $854.3m | $940.1m | $970.5m | |
| Operating Income (Loss) | — | — | — | — | — | — | — | — | $1.0b | $1.1b | |
| Additional Financial Items | |||||||||||
| Income (Loss) from Equity Method Investments | $56.5m | $43.3m | $43.0m | $61.0m | $34.2m | $47.1m | $59.8m | $50.5m | $50.3m | $133.5m | |
| Operating Lease, Lease Income | — | — | — | $806.4m | $807.6m | $797.5m | $851.4m | $928.4m | $1.0b | $1.1b | |
| Amortization of Intangible Assets | $14.4m | $99.6m | $88.8m | $69.4m | $56.0m | $39.1m | $40.4m | $50.7m | $58.0m | $52.5m | |
| Debt and Equity Securities, Gain (Loss) | — | — | — | — | — | $5.3m | ($7.0m) | $5.6m | $5.9m | $4.1m | |
| Debt and Equity Securities, Unrealized Gain (Loss) | — | — | — | ($3.8m) | ($3.0m) | ($1.7m) | ($8.0m) | $4.2m | $4.5m | $893k | |
| Goodwill, Impairment Loss | — | — | $12.6m | $3.0m | $132.1m | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Per Basic Share | $3 | $2 | $3 | $1 | $0 | $2 | $3 | $2 | $2 | $3 | |
| Income (Loss) from Continuing Operations, Per Diluted Share | $3 | $2 | $3 | $1 | $0 | $2 | $3 | $2 | $2 | $3 | |
| Lease Income | — | $950.2m | $1.1b | $1.1b | $980.2m | $1.1b | $1.2b | $1.3b | $1.4b | $1.5b | |
| Other Operating Income | — | $8.0m | $8.7m | $9.2m | $9.5m | $12.5m | $10.7m | $11.6m | $14.7m | $13.7m | |
| Preferred Stock Dividends, Income Statement Impact | — | — | — | — | — | — | — | $5 | $14 | $14 | |
| Other property income | — | $8.0m | $8.7m | $9.2m | $9.5m | $12.5m | $10.7m | $11.6m | $14.7m | $13.7m | |
| Management, transaction, and other fees | $50.7m | $52.3m | $57.0m | $29.6m | $26.5m | $40.3m | $25.9m | $27.0m | $27.9m | $28.4m | |
| Depreciation and amortization | $324.7m | $668.4m | $719.4m | $374.3m | $345.9m | $303.3m | $319.7m | $352.3m | $394.7m | $405.0m | |
| Real estate taxes | $132.8m | $219.4m | $275.7m | $136.2m | $143.0m | $142.1m | $149.8m | $165.6m | $184.4m | $192.3m | |
| General and administrative | $130.7m | $135.2m | $131.0m | $75.0m | $75.0m | $78.2m | $79.9m | $97.8m | $101.5m | $99.4m | |
| Provision for impairment of real estate | $1.7m | $0 | $38.4m | $54.2m | $18.5m | $84.4m | $0 | $0 | $14.3m | $4.6m | |
| Gain on sale of real estate, net of tax | — | ($27.4m) | ($28.3m) | ($24.2m) | ($67.5m) | ($91.1m) | ($109.0m) | ($661k) | ($34.2m) | ($24.5m) | |
| Loss (gain) on early extinguishment of debt | $28.5m | $24.9m | $22.3m | $12.0m | $21.8m | $0 | $587k | ($99k) | $180k | $0 | |
| Net investment income | $3.3m | $8.0m | ($2.2m) | ($5.6m) | ($5.3m) | ($5.5m) | $6.9m | ($5.7m) | ($6.2m) | ($4.1m) | |
| Income before equity in income of investments in real estate partnerships | $126.3m | $196.9m | $418.7m | $182.3m | $13.1m | $319.2m | $428.2m | $320.3m | $359.5m | $407.5m | |
| Equity in income of investments in real estate partnerships | $56.5m | $43.3m | $43.0m | $61.0m | $34.2m | $47.1m | $59.8m | $50.5m | $50.3m | $133.5m | |
| Exchangeable operating partnership units ("EOP") | — | ($388k) | ($525k) | ($634k) | ($203k) | ($1.6m) | ($2.1m) | ($2.0m) | ($2.3m) | ($7.1m) | |
| Limited partners’ interests in consolidated partnerships | ($3.6m) | ($5.0m) | ($5.3m) | ($3.2m) | ($2.2m) | ($3.3m) | ($3.1m) | ($4.3m) | ($7.1m) | ($6.4m) | |
| Preferred stock dividends | ($21.1m) | ($16.1m) | $0 | — | — | — | — | ($5.1m) | ($13.7m) | ($13.7m) | |
| Preferred unit distributions | ($21.1m) | ($16.1m) | $0 | — | — | — | — | ($5.1m) | ($13.7m) | ($13.7m) | |
| Per common share - basic | $3 | $2 | $3 | $1 | $0 | $2 | $3 | $2 | $2 | $3 | |
| Per common share - diluted | $3 | $2 | $3 | $1 | $0 | $2 | $3 | $2 | $2 | $3 | |
| Per common unit - basic | $1 | $1 | $1 | $1 | $0 | $2 | $3 | $2 | $2 | $3 | |
| Per common unit - diluted | $1 | $1 | $1 | $1 | $0 | $2 | $3 | $2 | $2 | $3 | |
| Net Income (Loss) Attributable to Parent | $143.9m | $159.9m | $249.1m | $239.4m | $44.9m | $361.4m | $482.9m | $364.6m | $400.4m | $527.5m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $143.9m | $159.9m | $249.1m | $239.4m | $45.1m | $363.0m | $485.0m | $359.5m | $386.7m | $513.8m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | $3.8m | $2.4m | $4.9m | $5.2m | $6.3m | $9.5m | $13.5m | |
| Net income attributable to noncontrolling interests | ($3.9m) | ($5.4m) | ($5.9m) | ($3.8m) | ($2.4m) | ($4.9m) | ($5.2m) | ($6.3m) | ($9.5m) | ($13.5m) | |
| Noncontrolling Interest in Net Income (Loss) Operating Partnerships, Redeemable | — | — | — | $634k | $203k | $1.6m | $2.1m | $2.0m | $2.3m | $7.1m | |
| Common Stock, Dividends, Per Share, Declared | $2.00 | — | — | $2.34 | $2.38 | $2.41 | $2.52 | $2.62 | $2.71 | $2.87 | |
| Weighted Average Number of Shares Outstanding, Basic | — | — | — | 167.5m | 169.2m | — | — | — | — | — | |
| Weighted Average Number of Shares Outstanding, Diluted | — | — | — | 167.8m | 169.5m | — | — | — | — | — | |
| General and Administrative Expense | $130.7m | $135.2m | $131.0m | $75.0m | $75.0m | $78.2m | $79.9m | $97.8m | $101.5m | $99.4m | |
| Operating Lease, Expense | — | — | — | $20.5m | $19.7m | $19.8m | $17.9m | — | — | — | |
| Other Cost and Expense, Operating | $1.5m | $1.5m | $1.9m | $2.5m | $10.5m | $1.5m | $588.0m | $100k | $900k | $2.3m | |
| Other General Expense | $28.2m | $178.4m | $19.5m | $7.8m | $12.6m | $5.8m | $6.2m | $9.5m | $10.9m | $8.8m | |
| Real Estate Tax Expense | $132.8m | $219.4m | $275.7m | $136.2m | $143.0m | $142.1m | $149.8m | $165.6m | $184.4m | $192.3m | |
| Property operating expense | $190.0m | $288.0m | $168.0m | $169.9m | $170.1m | $184.6m | $196.1m | $229.2m | $248.6m | $264.9m | |
| Interest Expense | — | $132.6m | $148.5m | $151.3m | $156.7m | $145.2m | $146.2m | $154.2m | $180.1m | $199.5m | |
| Interest expense, net | — | $132.6m | $148.5m | $151.3m | $156.7m | $145.2m | $146.2m | $154.2m | $180.1m | $199.5m | |
| Current Income Tax Expense (Benefit) | — | $1.2m | $5.7m | $1.6m | $2.2m | $620k | ($332k) | $796k | $7.6m | — | |
| Interest Income (Expense), Nonoperating, Net | — | — | — | — | — | — | — | — | ($180.1m) | ($199.5m) | |
| Other Operating Income (Expense), Net | — | — | — | — | — | — | — | ($9.5m) | ($10.9m) | ($8.8m) | |
| Total other expense, net | ($296.1m) | ($282.2m) | ($341.6m) | $187.6m | $256.4m | $133.0m | $44.1m | $147.8m | $154.3m | $175.6m | |
| Income Tax Expense (Benefit) | — | — | — | $1.2m | $1.3m | $1.0m | ($39k) | $895k | $4.5m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.