REGENCY CENTERS CORP (REG) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Minimum rent							415.2	390.7
Recoveries from tenants and other income							125.3	119.6
Other							29.3	27.6
Total revenues [+]	1,166.2	1,016.2	1,133.1	1,121.0	984.3	0.0	569.8	537.9
Tenant reimbursements							125.3	119.6
Management fees							25.6	24.1
Lease / rental							415.2	390.7
Other income				8.7	8.0
Revenue growth [+]	14.8%	-10.3%	1.1%	13.9%		-100.0%	5.9%	10.0%
Minimum rent							6.3%	10.4%
Recoveries from tenants and other income							4.7%	12.3%
Cost of goods sold [+]	142.1	143.0	136.2	137.9	109.7	0.0	69.7	67.5
Other cost of sales							7.8	8.5
Real estate taxes and insurance							61.9	59.0
Gross profit	1,024.0	873.2	996.9	983.1	874.6	0.0	500.1	470.4
Gross margin	87.8%	85.9%	88.0%	87.7%	88.9%		87.8%	87.4%
Selling, general and administrative [+]	714.0	746.6	763.2	65.5	67.6		65.6	60.2
General and administrative				65.5	67.6	0.0	65.6	60.2
Equity in earnings				43.0	43.3	56.5	22.5	31.3
Other operating expenses	123.8	369.8	239.0	45.0	156.4		11.1	99.6
EBITDA [+]	489.6	102.6	369.0	915.6	693.9		444.3	338.7
EBITDA growth	377.0%	-72.2%	-59.7%	31.9%	1127.8%	-87.3%	31.2%	-17.7%
EBITDA margin	42.0%	10.1%	32.6%	81.7%	70.5%		78.0%	63.0%
Depreciation	264.2	289.9	304.9	270.9	234.6	-14.4	133.8	132.5
EBITA	225.3	-187.3	64.1	644.7	459.4	70.9	310.5	206.2
EBITA margin	19.3%	-18.4%	5.7%	57.5%	46.7%		54.5%	38.3%
Amortization of intangibles	39.1	56.0	69.4	88.8	99.6	14.4	11.4	12.2
EBIT [+]	186.2	-243.3	-5.3	555.9	359.7	56.5	299.0	194.0
EBIT growth	-176.6%	4482.9%	-101.0%	54.5%	536.5%	-81.1%	54.1%	-30.5%
EBIT margin	16.0%	-23.9%	-0.5%	49.6%	36.5%		52.5%	36.1%
Non-recurring items [+]				38.4				1.3
Asset impairment				38.4				1.3
Interest expense				148.5	132.6		102.6	109.5
Interest expense	145.2	156.7	151.3	148.5	132.6		102.6	109.5
Other income (expense), net [+]	278.1	413.1	338.9	-159.6	-101.2	-56.5	-102.0	18.3
Gain (loss) on debt retirement				-11.2	-12.4		-8.2	0.0
Extraordinary gain								-18.3
Pre-tax income	319.2	13.1	182.3	209.4	125.9	0.0	94.4	101.5
Income taxes	1.0	1.3	1.2	0.5	-9.6	0.0	-55.6	-85.9
Tax rate	0.3%	9.6%	0.7%	0.2%
Minority interest	1.6	0.2	0.6	-0.5	-0.4		2.5	1.5
Net income	361.4	44.9	239.4	252.9	159.9	0.0	129.0	166.3
Net margin	31.0%	4.4%	21.1%	22.6%	16.2%		22.6%	30.9%

Basic EPS [+]	$474.32	$58.67	$515.70	$1.49	$542.10	$0.00	$1.37	$1.80
Growth	708.4%	-88.6%	34515.7%	-99.7%		-100.0%	-24.1%	159.3%
Diluted EPS [+]	$474.32	$58.67	$515.70	$1.49	$1.00	$0.00	$1.36	$1.80
Growth	708.4%	-88.6%	34592.4%	48.7%		-100.0%	-24.5%	159.3%

Dividends per share [+]	$531.40	$394.62	$843.55	$2.22	$1,093.53		$1.92	$1.87
Growth	34.7%	-53.2%	37979.6%	-99.8%		-100.0%	2.8%	1.8%

Shares outstanding (basic) [+]	0.8	0.8	0.5	169.7	0.3	0.2	94.4	92.4
Growth	-0.4%	64.8%	-99.7%	57423.0%	91.4%	-99.8%	2.2%	1.1%
Shares outstanding (diluted) [+]	0.8	0.8	0.5	170.1	160.0	202.7	94.9	92.4
Growth	-0.4%	64.8%	-99.7%	6.3%	-21.1%	113.7%	2.7%	1.1%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.