Filing Flows › Regency Centers (REG) › Q1 2025
Regency Centers (REG) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
Regency Centers (REG) reported revenue of $381M for the first quarter 2025 (Q1 2025), +5% from a year earlier and +2% from the quarter before. Operating margin was 71.8%, net earnings $110M (28.8% of revenue).
Regency Centers, Q1 2025: revenue $381M (+5% year over year), operating margin 71.8%, net earnings $110M, operating cash flow $161M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $381M | +2% | +5% |
| Operating profit | $274M | +3% | +4% |
| Net earnings | $110M | +27% | -0.2% |
| Operating cash flow | $161M | -16% | -4% |
| Free cash flow | $59.6M | -28% | -44% |
What changed
Revenue was $380.9M in Q1 2025, up 5% year over year and up 2% from the previous quarter.
Operating profit was $273.5M, a 71.8% margin (down 0.5 points year over year). Of the extra revenue versus a year earlier, 62% reached operating profit, below the 72% margin then. Total costs grew 6% against revenue growth of 5%. The fastest-growing cost line was Other operating costs (+15%). Net earnings were $109.6M, roughly flat year over year. The effective tax rate was -14.9%.
Operating cash flow was $161.0M (down 4% year over year), 144% of net income including minority interests. Non-cash charges added back $96.8M of depreciation and amortization and $5.0M of share-based compensation. Working capital and other items used $52.6M. Capital expenditures of $101.4M left free cash flow of $59.6M.
Questions
What was Regency Centers' revenue in the first quarter 2025?
Regency Centers (REG) reported revenue of $381M for the first quarter 2025 (Q1 2025), +5% from a year earlier and +2% from the quarter before.
Was Regency Centers profitable in the first quarter 2025?
Operating profit was $274M (71.8% of revenue) and net earnings $110M.
Source: Regency Centers 10-Q on SEC EDGAR.