• Regency Centers average gross margin for 2023 was 70.85%, a 1.88% decline from 2022.
• Regency Centers average gross margin for 2022 was 72.21%, a 2.53% decline from 2021.
• Regency Centers average gross margin for 2021 was 70.43%, a 0.54% increase from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.