Regency Centers Corporation (REG) vs SBA Communications Corporation (SBAC)
A side-by-side comparison of Regency Centers Corporation and SBA Communications Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 28, 2026. Differences are shown without an overall score or investment verdict.
REG
Regency Centers Corporation
$80.97Real EstateDelayed quote: Jul 28, 2026, 4:00 PM EDT
SBAC
SBA Communications Corporation
$174.93Real EstateDelayed quote: Jul 28, 2026, 4:00 PM EDT
Total return — REG vs SBAC
growth of $100 · dividends reinvested · last 27yREG +1219.9%SBAC +2061.0%SBAC compounded faster
REG SBAC
REG vs SBAC: by the numbers
- •SBAC is the larger company ($18.55B vs $14.78B market cap).
- •SBAC trades at the lower trailing earnings multiple (18.39 vs 23.66 P/E), one valuation lens rather than an overall verdict.
- •REG converts more revenue to profit (38.12% vs 35.66% net margin).
- •REG grew revenue faster over the past five years (10.37% vs 6.18% CAGR).
- •REG pays the higher dividend yield (3.61% vs 2.70%).
Metrics side by side
Valuation
| Metric | REG | SBAC |
|---|---|---|
| P/E ratio | 23.66 | 18.39 |
| Forward P/E | 33.25 | 23.55 |
| P/S ratio | 8.87 | 6.50 |
| P/B ratio | 2.19 | N/A |
| PEG ratio | 0.78 | 0.48 |
| EV / EBITDA | 16.95 | 19.23 |
Profitability
| Metric | REG | SBAC |
|---|---|---|
| Gross margin | 47.88% | 41.61% |
| Operating margin | 37.03% | 47.63% |
| Net margin | 38.12% | 35.66% |
| ROE | 9.41% | -21.71% |
| ROIC | 6.51% | 11.03% |
Dividends
| Metric | REG | SBAC |
|---|---|---|
| Dividend yield | 3.61% | 2.70% |
| Payout ratio | 106.45% | 48.02% |
Growth (annualized)
| Metric | REG | SBAC |
|---|---|---|
| Revenue CAGR (5Y) | 10.37% | 6.18% |
| EPS CAGR (5Y) | 59.54% | 113.83% |
| Total return CAGR (5Y) | 9.10% | -11.07% |
Frequently asked
- Which has the lower trailing P/E, REG or SBAC?
- SBAC has the lower trailing P/E: REG trades at 23.66 and SBAC at 18.39. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, REG or SBAC?
- Over the past five years, REG grew revenue faster — REG at a 10.37% CAGR versus SBAC at 6.18%.
- Does REG or SBAC pay a bigger dividend?
- REG yields 3.61% and SBAC yields 2.70% based on trailing dividends and the latest price.
- Is REG or SBAC more profitable?
- REG runs the higher net margin — REG at 38.12% versus SBAC at 35.66%.
- How have REG and SBAC total returns compared?
- Over the past 10 years, REG delivered 3.75% and SBAC delivered 5.49% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Regency Centers P/E ratioSBA Communications P/E ratioRegency Centers dividend yieldSBA Communications dividend yieldRegency Centers ROESBA Communications ROERegency Centers operating marginSBA Communications operating marginRegency Centers revenue growthSBA Communications revenue growthRegency Centers free cash flowSBA Communications free cash flow
Regency Centers & SBA Communications appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified July 28, 2026.