Regency Centers
Regency Centers is a publicly traded S&P 500 REIT that owns, operates, and develops approximately 485 grocery-anchored shopping centers totaling 59+ million square feet in high-income suburban U.S. trade areas, serving national and regional retail tenants across grocery, dining, and services.
- Company typePublic
- Founded1963
- HeadquartersJacksonville, United States
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Regency Centers does
Regency Centers Corporation (NASDAQ: REG) is a publicly traded real estate investment trust founded in 1963 and headquartered in Jacksonville, Florida. The company owns, operates, and develops grocery-anchored shopping centers in suburban U.S. trade areas, with a portfolio of approximately 485 properties totaling more than 59 million square feet of retail space. Approximately 85% of the portfolio is anchored by top grocery operators, with average household income of $160,000 across the portfolio's trade areas and a 96.5% occupancy rate as of the most recent reporting period. Regency is an S&P 500 Index member and has paid dividends for 32 consecutive years.
The company operates a single integrated platform built on four product lines: its core Shopping Center Portfolio, Second Generation Spaces (move-in ready leasing opportunities), Short-Term Leasing (flexible and pop-up programs), and Development Services (ground-up construction and major redevelopment). The proprietary Fresh Look® placemaking philosophy combines tenant curation with unique design and community outreach to create differentiated shopping destinations. Core technology investments focus on data analytics and AI for operational efficiency and enterprise intelligence, though these are positioned as infrastructure rather than commercialized products.
Regency's revenue model is straightforward REIT economics: approximately 97% of $1.55 billion in 2025 revenue came from lease income, primarily base rent with some percentage rent, generated by leasing retail space to a diversified tenant base spanning grocery anchors (Kroger, Whole Foods, H-E-B, Lidl, ShopRite, Plum Market), off-price retail, fitness operators, restaurants, and specialty SMB tenants. The company finances its acquisition and development pipeline through senior unsecured note offerings in the public debt markets, with approximately $1.575 billion raised across four transactions from January 2024 through February 2026. Go-to-market is direct B2B leasing conducted through regional offices and senior market officers across major U.S. markets, supported by an institutional investor relations program targeting S&P 500 investors.
Regency Centers firmographics
Firmographics- Name
- Regency Centers
- Legal name
- Regency Centers Corporation
- Website
- https://regencycenters.com
- Company type
- Public
- Founded year
- 1963
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Regency Centers is a publicly traded S&P 500 REIT that owns, operates, and develops approximately 485 grocery-anchored shopping centers totaling 59+ million square feet in high-income suburban U.S. trade areas, serving national and regional retail tenants across grocery, dining, and services.
- Ownership category
- akta.pro rank
Regency Centers industry classification
Industry- Product category
- Commercial Real Estate (Shopping Center REIT)
- NAICS
- Lessors of Real Estate (5311), Lessors of Nonresidential Buildings (except Miniwarehouses) (53112), Rental and Leasing Services (532)
- SIC
- Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Retail Property Management (BPAJAGAB)
Keywords
Where Regency Centers is headquartered
LocationHeadquarters
- HQ city
- Jacksonville
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Regency Centers business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D, Supply Chain
Revenue model
- Lease Income: Primary revenue stream from tenant leases in shopping centers, including base rent and percentage rent. Approximately 97% of 2025 revenues came from lease income.
- Debt Issuance: Senior unsecured notes offerings to raise capital for debt reduction, acquisitions, and development projects.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels12 records
Regency Centers product offering
Product offeringCore offering
Regency Centers owns, operates, and develops a national portfolio of grocery-anchored shopping centers, leasing approximately 59+ million square feet of retail space across 485 properties to grocers, restaurants, service providers, and best-in-class retailers. Revenue is generated primarily through tenant leases (about 97% of 2025 revenue), supplemented by management fees and ancillary property income from necessity-based retail in high-income suburban trade areas. Supporting offerings include ground-up development, redevelopment, second-generation move-in-ready spaces, short-term and seasonal leasing, and the proprietary Fresh Look placemaking program.
Product overview
Regency Centers is a Real Estate Investment Trust (REIT) that operates as a single unified platform for owning, operating, and developing grocery-anchored shopping centers. The core product is the shopping center portfolio of 485 properties totaling 59+ million square feet. Supporting services include Second Generation Spaces (move-in ready leasing), Short-Term Leasing (flexible/pop-up options), Development Services (ground-up and redevelopment), and the Fresh Look Program (merchandising and placemaking). The portfolio is 85% grocery-anchored, concentrated in high-income suburban markets with average household income of $160,000.
Differentiator
Problem solved
Functional benefit
Products and services
- Shopping Center Portfolio
Quantifiable outcome
- 5.3% full-year same-property NOI growth in 2025
- +5 more outcomes
Companies that use Regency Centers
Customer profileNamed customers23 records
Segments3 records
Ideal customer profiles3 records
Regency Centers technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Regency Centers partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered core and minor.
- KrogercoreRegency Centers partnered with Kroger on the development of a new 123,000-square-foot Marketplace store in West Chester Township, Ohio. The $35 million investment includes Kroger as the anchor tenant with amenities including Murray's Cheese shop, Starbucks, sushi kiosk, pharmacy with drive-thru, and separate kitchenware and apparel departments. Fueling pumps will be added on-site later in 2026.
- KTGYminorKTGY, an architecture and design firm, designed The Marketplace - a 71,400-square-foot Whole Foods-anchored retail development for Regency Centers in North Redlands, California. The 8.18-acre development received unanimous approval from the Redlands City Council.
- H-E-BcoreH-E-B opened a 107,000 SF store as anchor for the first phase of Regency's Baybrook East development in Houston, TX. The store features meat case, Asian grill, 26 curbside pickup spots, and nutrition services with registered dietitians.
- H-E-B (Central Market)coreH-E-B's Central Market division reopened at Regency's Preston Oaks shopping center in Dallas, TX after 20 months of rebuilding following tornado damage in October 2019. The new store added 4,500 SF of selling space.
- LidlcoreLidl opened at Regency's Takoma Park Shopping Center in Maryland, marking the second Lidl opening in the Regency portfolio. Lidl operates around 11,200 store locations globally and focuses on offering highest quality products at lowest prices.
- Personify HealthminorRegency Centers partnered with Personify Health for employee wellness programs, offering comprehensive health and wellbeing resources through their network of vendor partners.
- United WayminorRegency partnered with United Way as its largest community effort at a national level, supporting through annual fundraising campaigns, ongoing volunteering, and the ouRCommunities annual giving program.
- Virgin PulseminorVirgin Pulse provides Regency's employee wellbeing program, part of comprehensive health benefits including medical, dental, vision insurance and pre-tax reimbursement accounts.
- Whole Foods MarketcoreWhole Foods serves as anchor tenant at multiple Regency developments including The Marketplace in North Redlands, CA and The Shops at Stone Bridge in Cheshire, CT.
- Plum MarketcorePlum Market signed as grocery anchor for Regency's Prosperity Centre in Palm Beach Gardens, FL (30,000 SF, opening Winter 2026). Plum Market is an emerging leader in natural and organic grocery with 30+ locations.
- HabijaxminorRegency volunteers support local home building through HabiJax, a Jacksonville-based Habitat for Humanity affiliate.
- Northeast Florida CIO Council / Jacksonville IT CouncilminorRegency's CIO Dale Johnston chairs the IT Talent Development subcommittee and serves as liaison between Florida State College at Jacksonville, University of North Florida, and the CIO Council for technology scholarship programs.
- Minds Matter LAminorRegency employees mentor students from low-income families through Minds Matter LA, a United Way organization providing college preparation support.
- Equity ResidentialminorMark J. Parrell, President and CEO of Equity Residential, was elected to Regency Centers' Board of Directors effective January 1, 2026.
- YMCAminorRegency supports YMCA through annual fundraising campaigns and volunteering as part of community involvement initiatives.
Scale indicators10 records
Recent moves12 records
Expansion highlights6 records
Regency Centers competitors and assessment
Company assessmentDirect peers
- Kimco Realty: Kimco Realty is one of the largest publicly traded open-air shopping center REITs in North America with a portfolio of grocery-anchored and essential-retail centers. It is the closest direct peer to Regency Centers by strategy, tenant mix, and capital allocation philosophy.
- Brixmor Property Group: Brixmor owns and operates a national open-air shopping center portfolio of ~370 properties totaling approximately 65 million square feet, with a similar focus on grocery-anchored necessity retail in high-density trade areas.
- Phillips Edison & Company: Phillips Edison is a grocery-anchored neighborhood shopping center REIT with ~300 properties. Its smaller, neighborhood-center focus and grocery-anchored strategy make it a tightly comparable peer to Regency Centers.
- SITE Centers: SITE Centers is an open-air shopping center REIT with a portfolio of approximately 120 properties concentrated in top U.S. markets. Its asset class and target tenant base overlap significantly with Regency Centers.
- Federal Realty Investment Trust: Federal Realty owns and operates high-quality retail real estate, primarily open-air shopping centers and mixed-use districts in dense coastal markets. Its focus on necessity-based and experiential retail tenants is highly comparable to Regency's grocery-anchored model.
- Retail Opportunity Investments Corp. (ROIC): ROIC is a grocery-anchored shopping center REIT with a West Coast concentration. Its portfolio strategy, tenant base, and demographic focus overlap meaningfully with Regency's footprint in California, Oregon, and Washington.
Broad incumbents
- Simon Property Group: Simon is the largest U.S. retail REIT, operating regional malls, premium outlets, and lifestyle centers. While its portfolio skews toward enclosed malls and Class A assets rather than grocery-anchored centers, it competes broadly for retail real estate capital.
- Realty Income: Realty Income is a large-cap net-lease REIT with a diversified tenant roster across retail and industrial. Its scale and access to capital position it as a benchmark for retail real estate investors, though its net-lease structure differs from Regency's shopping-center operating model.
- NNN REIT: NNN REIT is a publicly traded net-lease REIT focused on single-tenant retail and restaurant properties. While its asset class differs from Regency's open-air centers, it competes for the same income-oriented retail real estate investor base.
Emerging players
- Tanger Inc. Tanger operates upscale outlet and open-air shopping centers in top markets. Its smaller scale and outlet focus make it a partial overlap, particularly as both companies target high-income trade areas and best-in-class retail tenants.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Regency Centers social profiles
Digital presenceRegency Centers compliance and trust
Trust signalCompliance3 records
Regency Centers financial estimates
Financial estimateRevenue estimate
Valuation estimate
Regency Centers leadership team
Management profileNumber of profiles
Profiles14 records
Regency Centers funding detail
Funding detailFunding overview
Funding rounds3 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Regency Centers M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Regency Centers
What does Regency Centers do?
Regency Centers owns, operates, and develops a national portfolio of grocery-anchored shopping centers, leasing approximately 59+ million square feet of retail space across 485 properties to grocers, restaurants, service providers, and best-in-class retailers. Revenue is generated primarily through tenant leases (about 97% of 2025 revenue), supplemented by management fees and ancillary property income from necessity-based retail in high-income suburban trade areas. Supporting offerings include ground-up development, redevelopment, second-generation move-in-ready spaces, short-term and seasonal leasing, and the proprietary Fresh Look placemaking program.
Is Regency Centers a public or private company?
Regency Centers is a public company. It is classified as public and is currently operating.
When was Regency Centers founded?
Regency Centers was founded in 1963. It employs 251 to 500 people.
Where is Regency Centers based?
Regency Centers is headquartered in Jacksonville, United States, in the North America region.
How does Regency Centers make money?
Two revenue lines are on record. Lease Income is the primary driver. The others are debt Issuance.
Who are Regency Centers's main competitors?
Direct peers on record are Kimco Realty, Brixmor Property Group, Phillips Edison & Company, SITE Centers, Federal Realty Investment Trust and Retail Opportunity Investments Corp. (ROIC). Broad incumbents are Simon Property Group, Realty Income and NNN REIT. Tanger Inc. is listed as an emerging player.
Does Regency Centers have an API?
No public API is recorded for Regency Centers.
What industry is Regency Centers in?
Regency Centers's product category is Commercial Real Estate (Shopping Center REIT). Its primary akta.pro industry code is BPAJAGAB, Retail Property Management. Its NAICS code is 5311 and its SIC code is 6532.