Realty Income vs Regency Centers
Realty Income is the larger business, with $5.75bn of revenue in fiscal 2025 against $1.55bn for Regency Centers (3.7 times as much). Realty Income grew faster (9.1% against 6.9%). Regency Centers kept more of each dollar of sales as profit: a net margin of 34.0% against 18.4%. Realty Income carries less debt relative to equity (1.4% against 68.6%).
| Latest fiscal year | Realty IncomeO, 2025 | Regency CentersREG, 2025 |
|---|---|---|
| Revenue | $5.75bn | $1.55bn |
| Revenue growth | 9.1% | 6.9% |
| Net income | $1.06bn | $527m |
| Operating margin | — | 72.3% |
| Net margin | 18.4% | 34.0% |
| Return on equity | 2.7% | 7.7% |
| Free cash flow | $3.86bn | — |
| Cash | $435m | $121m |
| Total debt | $555m | $4.74bn |
| Debt to equity | 1.4% | 68.6% |
| Dividend per share | $3.22 | — |
| Dividend yield | 5.5% | 3.8% |
| Share buybacks | — | — |
| Employees | 395 | 507 |
| Market value | $54.57bn | $13.73bn |
| Price vs our value range | — | — |
| Moat score | 59 (Moderate) | 59 (Moderate) |
| Insider trades, 12 months | 0 buys, 3 sales | 0 buys, 12 sales |