Regency Centers (Regency Centers) Interest Coverage : 2.72 (As of Dec. 2023)

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What is Regency Centers Interest Coverage?

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Regency Centers's Operating Income for the three months ended in Dec. 2023 was $116 Mil. Regency Centers's Interest Expense for the three months ended in Dec. 2023 was $-43 Mil. Regency Centers's interest coverage for the quarter that ended in Dec. 2023 was 2.72. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Regency Centers's Interest Coverage or its related term are showing as below:

REG' s Interest Coverage Range Over the Past 10 Years
Min: 1.75 Med: 2.55 Max: 3.22
Current: 3.01

REG's Interest Coverage is ranked better than
50.3% of 672 companies
in the REITs industry
Industry Median: 2.98 vs REG: 3.01

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Regency Centers Interest Coverage Historical Data

The historical data trend for Regency Centers's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Regency Centers Interest Coverage Chart

Regency Centers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

2.56

1.75

3.11

3.22

3.01

Regency Centers Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															3.17	3.30	3.02	3.05	2.72

Competitive Comparison of Regency Centers's Interest Coverage

For the REIT - Retail subindustry, Regency Centers's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Regency Centers's Interest Coverage Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Regency Centers's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Regency Centers's Interest Coverage falls into.

Regency Centers Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Regency Centers's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Regency Centers's Interest Expense was $-156 Mil. Its Operating Income was $468 Mil. And its Long-Term Debt & Capital Lease Obligation was $4,248 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	468.15	/	-155.776
	=	3.01

Regency Centers's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Regency Centers's Interest Expense was $-43 Mil. Its Operating Income was $116 Mil. And its Long-Term Debt & Capital Lease Obligation was $4,248 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	116.427	/	-42.812
	=	2.72

The higher the ratio, the stronger the company's Financial Strength is.

Regency Centers (NAS:REG) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Regency Centers Interest Coverage Related Terms

Thank you for viewing the detailed overview of Regency Centers's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Regency Centers (Regency Centers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Regency Centers Corp (NAS:REG) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

RRC:Germany R1EG34:Brazil

Address

One Independent Drive, Suite 114, Jacksonville, FL, USA, 32202-5019

Website

https://www.regencycenters.com

Regency Centers is the largest shopping center-focused retail REIT. The company's portfolio includes an interest in 480 properties, which includes nearly 57 million square feet of retail space following the completion of the Urstadt Biddle acquisition in August 2023. The portfolio is geographically diversified with 22 regional offices and no single market representing more than 14% of total company net operating income. Regency's retail portfolio is primarily composed of grocery-anchored centers, with 80% of properties featuring a grocery anchor and grocery stores representing 20% of annual base rent.

Executives

Stein Martin E Jr	director, officer: Chairman and CEO	ONE INDEPENDENT DRIVE, SUITE 114, JACKSONVILLE FL 32202
Alan Todd Roth	officer: Managing Director	1919 GALLOWS ROAD SUITE 1000, VIENNA VA 22182
Michael J Mas	officer: EVP and CFO	2764 SHADE TREE DRIVE, FLEMING ISLAND FL 32003
Nicholas Andrew Wibbenmeyer	officer: EVP, W. Regional Pres.	1211 W 22ND STREET SUITE 300, OAK BROOK IL 60523
Deirdre Evens	director	10 STILLMEADOW WAY, FRAMINGHAM MA 01702
Simmons James H. Iii	director	9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Thomas W Furphy	director	C/O REGENCY CENTERS CORPORATION, 1 INDEPENDENT DRIVE, SUITE 1300, JACKSONVILLE FL 32202
Bryce Blair	director
David P Oconnor	director	C/O HIGH RISE, 325 NORTH AVENUE E, WESTFIELD NJ 07090
Karin Klein	director	C/O PARAMOUNT GROUP, INC., 1633 BROADWAY, SUITE 1801, NEW YORK NY 10019
Peter Linneman	director	1696 N E MIAMI GARDENS DR, N MIAMI BEACH FL 33179
Kristin Ann Campbell	director	500 STAPLES DRIVE, FRAMINGHAM MA 01702
Terah L Devereaux	officer: Principal Accounting Officer	ONE INDEPENDENT DRIVE, SUITE 114, JACKSONVILLE FL 32202
Lisa Palmer	officer: Chief Financial Officer	C/O REGENCY CENTERS CORPORATION, ONE INDEPENDENT DR., SUITE 114, JACKSONVILLE FL 32202
Thomas G Wattles	director	ONE INDEPENDENT DRIVE, SUITE 114, JACKSONVILLE FL 32202