Filing Flows › Regency Centers (REG) › Q4 2025
Regency Centers (REG) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 13, 2026
Regency Centers (REG) reported revenue of $404M for the fourth quarter 2025 (Q4 2025), +8% from a year earlier and +4% from the quarter before. Operating margin was 71.0%, net earnings $202M (50.1% of revenue).
Regency Centers, Q4 2025: revenue $404M (+8% year over year), operating margin 71.0%, net earnings $202M, operating cash flow $204M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $404M | +4% | +8% |
| Operating profit | $287M | +2% | +8% |
| Net earnings | $202M | +85% | +134% |
| Operating cash flow | $204M | -7% | +7% |
| Free cash flow | $76.1M | -34% | -9% |
What changed
Revenue was $404.2M in Q4 2025, up 8% year over year and up 4% from the previous quarter.
Operating profit was $287.1M, a 71.0% margin (down 0.1 points year over year). Of the extra revenue versus a year earlier, 70% reached operating profit, below the 71% margin then. Total costs grew 9% against revenue growth of 8%. The fastest-growing cost line was Other operating costs (+12%). Net earnings were $202.5M, up 134% year over year. The effective tax rate was -76.4%.
Operating cash flow was $203.9M (up 7% year over year), 98% of net income including minority interests. Non-cash charges added back $105.9M of depreciation and amortization and $4.6M of share-based compensation. Working capital and other items used $114.8M. Capital expenditures of $127.8M left free cash flow of $76.1M.
Questions
What was Regency Centers' revenue in the fourth quarter 2025?
Regency Centers (REG) reported revenue of $404M for the fourth quarter 2025 (Q4 2025), +8% from a year earlier and +4% from the quarter before.
Was Regency Centers profitable in the fourth quarter 2025?
Operating profit was $287M (71.0% of revenue) and net earnings $202M.
Source: Regency Centers 10-K on SEC EDGAR.