• Regency Centers average operating margin for 2023 was 36.74%, a 7.1% decline from 2022.
• Regency Centers average operating margin for 2022 was 39.55%, a 20.29% decline from 2021.
• Regency Centers average operating margin for 2021 was 32.88%, a 85.24% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.