Is Regency Centers Corp. overvalued or undervalued?

As of 25 April 2025, Regency Centers Corp. has moved from an expensive to a fair valuation grade. The company is currently fairly valued, with a P/E ratio of 32, a Price to Book Value of 1.97, and an EV to EBITDA of 14.19. In comparison to its peers, Regency's P/E ratio is lower than Ventas, Inc. at 338.55 but higher than Essex Property Trust, Inc. at 28.13, indicating a competitive position within the industry.
The PEG ratio stands at 2.91, suggesting that while growth expectations are factored into the valuation, they may not be as aggressive as some peers like Ventas. Additionally, Regency's dividend yield of 266.19% is notably high, which may attract income-focused investors. Despite a recent underperformance compared to the S&P 500 on a year-to-date basis, the one-year return of 16.30% compared to the index's 10.26% reinforces the notion that the stock is positioned fairly within its market context.