REG vs. WELL: Regency Centers vs. Welltower Stock Comparison

November 11, 2026

How do Regency Centers (REG) and Welltower (WELL) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Regency Centers (REG) and Welltower (WELL) both fall under the Equity Real Estate Investment Trusts (REITs) industry group, but REG is classified in Retail REITs while WELL is classified in Health Care REITs.

Both Regency Centers (REG) and Welltower (WELL) are REITs — read their payout ratios and P/E alongside FFO (funds from operations) rather than at face value.

Company profile comparison for Regency Centers (REG) and Welltower (WELL)
Profile Item	REG	WELL
Name	Regency Centers Corporation	Welltower Inc.
Country/Region	United States	United States
GICS Sector	Real Estate	Real Estate
GICS Industry Group	Equity Real Estate Investment Trusts (REITs)	Equity Real Estate Investment Trusts (REITs)
GICS Industry	Retail REITs	Health Care REITs
GICS Sub-Industry	Retail REITs	Health Care REITs
Market Capitalization	13.99 billion USD	179.74 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	October 29, 1993	March 19, 1980
Security Type	REIT	REIT

Price Performance

Cumulative Growth

REG

WELL

GSPC

Regency Centers (REG) vs. Welltower (WELL), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Regency Centers (REG) and Welltower (WELL). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Regency Centers (REG) and Welltower (WELL). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Regency Centers (REG) and Welltower (WELL)
Metric	REG	WELL
Total Return (1Y)	12.94%	31.94%
Total Return (3Y, Annualized)	12.85%	45.79%
Total Return (5Y, Annualized)	4.68%	26.70%

Risk Profile

Drawdown History

REG

WELL

GSPC

Regency Centers (REG) vs. Welltower (WELL), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Regency Centers (REG) and Welltower (WELL). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Regency Centers (REG) and Welltower (WELL)
Metric	REG	WELL
Volatility (1Y, Annualized)	16.15%	23.54%
Beta (5Y)	0.79	0.78
Max Drawdown (5Y)	-30.09%	-40.78%
Avg. Volume (3M)	1.24M	2.75M

Risk-Adjusted Performance

Risk-Return Positioning

REG and WELL are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Regency Centers (REG) and Welltower (WELL)
Metric	REG	WELL
Sharpe Ratio (1Y)	0.54	1.17
Sortino Ratio (1Y)	0.82	1.69

Profitability

ROE (TTM)

Both Regency Centers (REG) at 7.67% and Welltower (WELL) at 3.92% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

REG

Equity Real Estate Investment Trusts (REITs) industry group

7.67%

Max: 22.74%
Q3: 10.54%
REG: 7.67%
Median: 6.38%
Q1: 1.69%
Min: -10.86%

WELL

Equity Real Estate Investment Trusts (REITs) industry group

3.92%

Max: 22.74%
Q3: 10.54%
Median: 6.38%
WELL: 3.92%
Q1: 1.69%
Min: -10.86%

Regency Centers (REG) vs. Welltower (WELL): A comparison of their ROE against the Equity Real Estate Investment Trusts (REITs) industry group benchmark.

Net Margin (TTM)

Neither Regency Centers (REG) in Equity Real Estate Investment Trusts (REITs) nor Welltower (WELL) in Equity Real Estate Investment Trusts (REITs) is well served by net margin: heavy depreciation makes net income a poor profitability proxy in their businesses, where FFO-based measures are the standard read.

Operating Margin (TTM)

Neither side reports a meaningful operating margin: for Regency Centers (REG) in Equity Real Estate Investment Trusts (REITs) and Welltower (WELL) in Equity Real Estate Investment Trusts (REITs), funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.

Profitability Metrics

Profitability metrics for Regency Centers (REG) and Welltower (WELL)
Metric	REG	WELL
ROE (TTM)	7.67%	3.92%
ROA (TTM)	3.28%	0.93%
Net Margin (TTM)	--	--
Operating Margin (TTM)	--	--
Gross Margin (TTM)	--	--

Growth

Revenue Growth

Welltower (WELL) at 35.82% clears its industry range for revenue growth, far stronger top-line momentum than Regency Centers (REG) at 6.85%, which is closer to a typical peer reading.

Regency Centers (REG) vs. Welltower (WELL): A comparison of their Revenue Growth across different time periods.

EPS Growth

EPS growth isn't a meaningful figure for either Regency Centers (REG) in Equity Real Estate Investment Trusts (REITs) or Welltower (WELL) in Equity Real Estate Investment Trusts (REITs) under our convention.

Growth Metrics

Growth metrics for Regency Centers (REG) and Welltower (WELL)
Metric	REG	WELL
Revenue Growth (YoY)	6.85%	35.82%
Revenue Growth (3Y CAGR)	8.27%	22.69%
EPS Growth (YoY)	--	--
EPS Growth (3Y CAGR)	--	--

Financial Strength

Current Ratio (MRQ)

Both Regency Centers (REG) at 1.03 and Welltower (WELL) at 1.66 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

REG

Equity Real Estate Investment Trusts (REITs) industry group

1.03

Max: 4.19
Q3: 2.11
Median: 1.31
REG: 1.03
Q1: 0.62
Min: 0.06

WELL

Equity Real Estate Investment Trusts (REITs) industry group

1.66

Max: 4.19
Q3: 2.11
WELL: 1.66
Median: 1.31
Q1: 0.62
Min: 0.06

Regency Centers (REG) vs. Welltower (WELL): A comparison of their current ratio against the Equity Real Estate Investment Trusts (REITs) industry group benchmark.

Debt / Equity (MRQ)

Welltower (WELL) at 0.42 keeps leverage in the lower industry quartile, while Regency Centers (REG) at 0.72 runs a more typical debt-to-equity mix.

REG

Equity Real Estate Investment Trusts (REITs) industry group

0.72

Max: 2.72
Q3: 1.59
Median: 0.99
REG: 0.72
Q1: 0.72
Min: 0.20

WELL

Equity Real Estate Investment Trusts (REITs) industry group

0.42

Max: 2.72
Q3: 1.59
Median: 0.99
Q1: 0.72
WELL: 0.42
Min: 0.20

Regency Centers (REG) vs. Welltower (WELL): A comparison of their debt-to-equity ratio against the Equity Real Estate Investment Trusts (REITs) industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Regency Centers (REG) and Welltower (WELL)
Metric	REG	WELL
Current Ratio (MRQ)	1.03	1.66
Debt / Equity (MRQ)	0.72	0.42
Net Debt / EBITDA	4.54	5.12

Dividends

Dividend Yield (TTM)

Regency Centers (REG) at 3.96% pays a yield in its industry’s typical range, while Welltower (WELL) at 1.30% falls in the bottom quartile of its peers.

REG

Equity Real Estate Investment Trusts (REITs) industry group

3.96%

Max: 8.62%
Q3: 5.95%
Median: 4.34%
REG: 3.96%
Q1: 3.26%
Min: 0.00%

WELL

Equity Real Estate Investment Trusts (REITs) industry group

1.30%

Max: 8.62%
Q3: 5.95%
Median: 4.34%
Q1: 3.26%
WELL: 1.30%
Min: 0.00%

Regency Centers (REG) vs. Welltower (WELL): A comparison of their dividend yield against the Equity Real Estate Investment Trusts (REITs) industry group benchmark.

Dividend Payout Ratio (TTM)

An earnings-based payout ratio fits neither Regency Centers (REG) in Equity Real Estate Investment Trusts (REITs) nor Welltower (WELL) in Equity Real Estate Investment Trusts (REITs): their distributions are mandated and conventionally measured against FFO, so the accounting-earnings ratio overstates both.

Dividend Metrics

Dividend metrics for Regency Centers (REG) and Welltower (WELL)
Metric	REG	WELL
Dividend Yield (TTM)	3.96%	1.30%
Dividend Payout Ratio (TTM)	--	--

Valuation

P/E Ratio (TTM)

P/E ratio is not a meaningful valuation yardstick for either Regency Centers (REG) in Equity Real Estate Investment Trusts (REITs) or Welltower (WELL) in Equity Real Estate Investment Trusts (REITs): depreciation suppresses reported earnings in their businesses, and price-to-FFO is the conventional yardstick instead.

P/S Ratio (TTM)

Both Regency Centers (REG) at 8.15 and Welltower (WELL) at 13.03 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.

REG

Equity Real Estate Investment Trusts (REITs) industry group

8.15

Max: 14.47
REG: 8.15
Q3: 8.02
Median: 5.98
Q1: 3.27
Min: 0.43

WELL

Equity Real Estate Investment Trusts (REITs) industry group

13.03

Max: 14.47
WELL: 13.03
Q3: 8.02
Median: 5.98
Q1: 3.27
Min: 0.43

Regency Centers (REG) vs. Welltower (WELL): A comparison of their P/S ratio against the Equity Real Estate Investment Trusts (REITs) industry group benchmark.

P/B Ratio (MRQ)

Regency Centers (REG) at 2.08 is valued about in line with its industry on P/B ratio, while Welltower (WELL) at 3.69 carries an above-peer premium to book — WELL is pricier on assets.

REG

Equity Real Estate Investment Trusts (REITs) industry group

2.08

Max: 4.06
Q3: 2.53
REG: 2.08
Median: 1.64
Q1: 1.06
Min: 0.21

WELL

Equity Real Estate Investment Trusts (REITs) industry group

3.69

Max: 4.06
WELL: 3.69
Q3: 2.53
Median: 1.64
Q1: 1.06
Min: 0.21

Regency Centers (REG) vs. Welltower (WELL): A comparison of their P/B ratio against the Equity Real Estate Investment Trusts (REITs) industry group benchmark.

Valuation Metrics

Valuation metrics for Regency Centers (REG) and Welltower (WELL)
Metric	REG	WELL
P/E Ratio (TTM)	--	--
P/S Ratio (TTM)	8.15	13.03
P/B Ratio (MRQ)	2.08	3.69
Free Cash Flow Yield (TTM)	--	--