Federal Realty Investment Trust (FRT) 10-Year Financial Performance & Capital Metrics

FRT • • REIT / Real Estate

Real EstateRetail REITsUrban High-Street and Mixed-Use Retail

AboutFederal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, D.C. to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply. Its expertise includes creating urban, mixed-use neighborhoods like Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Row in Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities. Federal Realty's 106 properties include approximately 3,100 tenants, in 25 million square feet, and approximately 3,200 residential units. Federal Realty has increased its quarterly dividends to its shareholders for 54 consecutive years, the longest record in the REIT industry. Federal Realty is an S&P 500 index member and its shares are traded on the NYSE under the symbol FRT. For additional information about Federal Realty and its properties, visit www.federalrealty.com.Show more

Revenue $1.28B +6.4%
FFO $779M +22.1%
FFO/Share 9.07 +18.9%
FFO Payout 49.82% -14.5%
FFO per Share 9.07 +18.9%
NOI Margin 67.25% -0.2%
FFO Margin 60.9% +14.8%
ROE 11.99% +35.1%
ROA 4.66% +33.8%
Debt/Assets 12.51% -76.6%
Net Debt/EBITDA 1.07 -80.4%
Book Value/Share 39.96 -2.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 25.6%
✓FFO growing 11.5% TTM
✓Sustainable FFO payout ratio of 49.8%
✓High NOI margin of 67.2%
✓Healthy dividend yield of 4.2%
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y5.57%

5Y8.89%

3Y5.98%

TTM6.1%

Profit (Net Income) CAGR

10Y6.94%

5Y25.56%

3Y2.17%

TTM18.07%

EPS CAGR

10Y4.69%

5Y24.21%

3Y0.56%

TTM14.24%

ROCE

10Y Avg6.24%

5Y Avg6.12%

3Y Avg6.09%

Latest7.43%

Peer Comparison

Urban High-Street and Mixed-Use Retail

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AKRAcadia Realty Trust	2.74B	20.92	209.20	14.2%	4.44%	0.66%	6.09%	0.73
ALXAlexander's, Inc.	1.2B	234.62	42.66	-100%		25.86%	6.13%	7.98
FRTFederal Realty Investment Trust	9.38B	108.77	22.71	6.36%	27.64%	10.01%	6.63%	0.33

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue+	801.59M	857.35M	915.44M	935.79M	835.49M	951.22M	1.07B	1.13B	1.2B	1.28B
Revenue Growth %	7.74%	6.96%	6.78%	2.22%	-10.72%	13.85%	12.95%	5.38%	6.21%	6.36%
Property Operating Expenses	253.61M	272.73M	287.87M	298.76M	290.16M	316.62M	356.78M	363.1M	391.8M	418.88M
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	226.98M	174.41M	265.93M	166.12M	255.81M	239.88M	191.19M	362.59M	338.3M	414.75M
G&A Expenses	33.4M	36.28M	33.6M	42.75M	41.68M	49.86M	52.64M	50.71M	49.74M	46.91M
EBITDA+	514.58M	626.26M	605.88M	710.67M	544.55M	674.7M	828.82M	728.23M	814.95M	970.04M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	193.59M	216.05M	244.25M	239.76M	255.03M	279.98M	302.41M	321.76M	342.6M	367.84M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	321M	410.21M	361.64M	470.91M	289.52M	394.73M	526.41M	406.47M	472.36M	602.2M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	94.99M	100.13M	110.15M	109.62M	136.29M	127.7M	136.99M	167.81M	175.48M	-183.61M
Interest Coverage	3.38x	4.10x	3.28x	4.30x	2.12x	3.09x	3.84x	2.42x	2.69x	-
Non-Operating Income	-424K	12.21M	2.46M	746K	17.35M	-2.05M	-6.24M	-8.56M	-7.45M	0
Pretax Income+	226.43M	297.87M	249.03M	360.54M	135.89M	269.08M	395.66M	247.22M	304.33M	411.08M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	0	0	0	0	0	0	0	0	0	0
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	249.91M	289.91M	241.91M	353.87M	131.71M	261.5M	385.49M	236.99M	295.21M	411.08M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	18.88%	16.01%	-16.56%	46.28%	-62.78%	98.55%	47.42%	-38.52%	24.57%	39.25%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	15.19%	14.09%	-3.92%	22.11%	-34.85%	40.01%	27.04%	-18.77%	14.15%	22.12%
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	3.50	3.97	3.18	4.61	1.62	3.26	4.71	2.80	3.42	4.79
EPS Growth %	15.51%	13.43%	-19.9%	44.97%	-64.86%	101.23%	44.48%	-40.55%	22.14%	40.06%
EPS (Basic)	3.51	3.97	3.18	4.61	1.62	3.26	4.71	2.80	3.42	4.79
Diluted Shares Outstanding	71.05M	72.23M	73.3M	74.77M	75.52M	77.37M	80.51M	81.31M	83.57M	85.85M

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets+	5.42B	6.28B	6.29B	6.79B	7.61B	7.62B	8.23B	8.44B	8.52B	9.13B
Asset Growth %	10.42%	15.72%	0.22%	8.03%	11.96%	0.19%	8.02%	2.46%	1.05%	7.11%
Real Estate & Other Assets+	5.24B	6B	6.03B	6.31B	6.44B	7.13B	7.66B	7.85B	8.03B	0
PP&E (Net)	0	0	0	146.18M	143.36M	140.57M	140.04M	93.84M	92.44M	89.53M
Investment Securities	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Total Current Assets+	170.02M	255.49M	236.75M	310.43M	998M	340.68M	292.66M	461.75M	361.63M	357.17M
Cash & Equivalents	23.37M	15.19M	64.09M	127.43M	798.33M	162.13M	85.56M	250.82M	123.41M	107.42M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	-208.56M	-237.8M	-265.7M	-227.06M	-218.95M	-237.07M	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	8.13M	0
Total Liabilities	3.2B	3.74B	3.69B	4.02B	4.92B	4.75B	5.02B	5.21B	5.1B	5.63B
Total Debt+	2.8B	3.33B	3.23B	3.5B	4.44B	4.19B	4.47B	4.69B	4.56B	1.14B
Net Debt	2.78B	3.31B	3.17B	3.37B	3.64B	4.03B	4.39B	4.44B	4.44B	1.04B
Long-Term Debt	2.73B	3.21B	3.16B	3.36B	4.29B	4.05B	4.33B	4.6B	4.47B	0
Short-Term Borrowings	0	41M	0	0	0	0	0	0	0	1.14B
Capital Lease Obligations	71.59M	71.56M	71.52M	145.69M	144.49M	144.69M	145.4M	88.54M	87.62M	0
Total Current Liabilities+	289.48M	288.93M	274M	358.88M	332.87M	347.04M	309.11M	297.83M	311.25M	1.14B
Accounts Payable	201.76M	196.33M	177.92M	255.5M	228.64M	235.17M	190.34M	174.71M	183.56M	0
Deferred Revenue	115.82M	169.39M	182.9M	157.94M	152.42M	0	0	0	0	0
Other Liabilities	0	0	0	0	0	206.19M	237.7M	225.44M	227.83M	4.49B
Total Equity+	2.22B	2.53B	2.6B	2.78B	2.69B	2.88B	3.21B	3.23B	3.42B	3.43B
Equity Growth %	15.65%	14.11%	2.8%	6.62%	-3.22%	7.09%	11.66%	0.41%	6.17%	0.17%
Shareholders Equity	1.98B	2.27B	2.35B	2.54B	2.46B	2.58B	2.95B	2.96B	3.17B	3.25B
Minority Interest	242.8M	265.96M	257.65M	240.55M	222.31M	296.25M	258.37M	262.01M	252.84M	181.66M
Common Stock	722K	733K	745K	759K	771K	790K	818K	833K	862K	869K
Additional Paid-in Capital	2.72B	2.86B	3B	3.17B	3.3B	3.49B	3.82B	3.96B	4.25B	0
Retained Earnings	-749.73M	-749.37M	-818.88M	-791.12M	-988.27M	-1.07B	-1.03B	-1.16B	-1.24B	-1.22B
Preferred Stock	10M	160M	160M	160M	160M	160M	159.82M	159.82M	159.82M	0
Return on Assets (ROA)	4.84%	4.96%	3.85%	5.41%	1.83%	3.43%	4.86%	2.84%	3.48%	4.66%
Return on Equity (ROE)	12.08%	12.2%	9.42%	13.16%	4.82%	9.4%	12.66%	7.36%	8.88%	11.99%
Debt / Assets	51.6%	52.99%	51.34%	51.54%	58.31%	55%	54.35%	55.56%	53.51%	12.51%
Debt / Equity	1.26x	1.31x	1.24x	1.26x	1.65x	1.46x	1.39x	1.45x	1.33x	0.33x
Net Debt / EBITDA	5.39x	5.29x	5.22x	4.75x	6.68x	5.97x	5.30x	6.09x	5.45x	1.07x
Book Value per Share	31.24	35.06	35.52	37.13	35.58	37.18	39.90	39.67	40.98	39.96

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	427.67M	458.83M	516.69M	461.92M	369.93M	471.35M	516.77M	555.83M	574.56M	622.38M
Operating CF Growth %	15.89%	7.29%	12.61%	-10.6%	-19.91%	27.42%	9.64%	7.56%	3.37%	8.32%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	258.88M	297.87M	249.03M	360.54M	135.89M	269.08M	395.66M	247.22M	304.33M	411.08M
Depreciation & Amortization	193.59M	216.05M	244.25M	239.76M	255.03M	279.98M	302.41M	321.76M	342.6M	367.84M
Stock-Based Compensation	0	0	0	0	0	13.01M	13.7M	14.31M	16.36M	14.61M
Other Non-Cash Items	-32.03M	-67.91M	7.98M	-114.21M	-15.52M	-103.81M	-192.16M	-30.29M	-86.19M	-171.15M
Working Capital Changes	7.24M	12.81M	15.43M	-24.17M	-5.47M	13.1M	-2.84M	2.83M	-2.54M	0
Cash from Investing+	-590.22M	-837.92M	-192.25M	-316.53M	-368.38M	-660.12M	-786M	-358.32M	-446.83M	-743.07M
Acquisitions (Net)	-7.22M	-696K	36.96M	-1.05M	-3.35M	-3.12M	-27.35M	0	0	0
Purchase of Investments	0	0	0	0	0	0	0	0	0	0
Sale of Investments	0	0	0	0	0	0	0	0	0	0
Other Investing	-145.72M	-318.29M	139.05M	94.43M	136.9M	-216.49M	-341.95M	-47.2M	-200.07M	-743.07M
Cash from Financing+	173.29M	369.44M	-241.31M	-100.11M	661.74M	-452.97M	190.41M	-33.85M	-252.3M	102.95M
Dividends Paid	-267.69M	-283M	-301.19M	-313.65M	-324.6M	-335.66M	-347.28M	-359.19M	-371.59M	-388.06M
Common Dividends	-267.69M	-283M	-301.19M	-313.65M	-324.6M	-335.66M	-347.28M	-359.19M	-371.59M	0
Debt Issuance (Net)	1000K	1000K	-1000K	1000K	1000K	-1000K	1000K	1000K	-1000K	0
Share Repurchases	-4.45M	-4.23M	-958K	-4.63M	-4.05M	-3M	-4.9M	-5.02M	-6.71M	0
Other Financing	-23.44M	-1.78M	-12.46M	-23.74M	-21.2M	-9.65M	-43.8M	-12.99M	-45.16M	491.01M
Net Change in Cash+	6.29M	-9.65M	83.13M	45.28M	663.28M	-641.73M	-78.81M	163.66M	-124.56M	-17.74M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	28.56M	34.85M	25.2M	108.33M	153.61M	816.9M	175.16M	96.35M	260M	135.44M
Cash at End	34.85M	25.2M	108.33M	153.61M	816.9M	175.16M	96.35M	260M	135.44M	117.71M
Free Cash Flow+	-18.03M	-59.76M	148.43M	52.01M	-132.01M	30.84M	100.07M	244.71M	327.8M	622.38M
FCF Growth %	-123.32%	-231.52%	348.38%	-64.96%	-353.82%	123.36%	224.5%	144.54%	33.96%	89.86%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
FFO per Share	6.24	7	6.63	7.94	5.12	7	8.54	6.87	7.63	9.07
FFO Payout Ratio	60.36%	55.93%	61.95%	52.84%	83.93%	61.99%	50.48%	64.29%	58.26%	49.82%
NOI Margin	68.36%	68.19%	68.55%	68.07%	65.27%	66.71%	66.79%	67.93%	67.42%	67.25%
Net Debt / EBITDA	5.39x	5.29x	5.22x	4.75x	6.68x	5.97x	5.30x	6.09x	5.45x	1.07x
Debt / Assets	51.6%	52.99%	51.34%	51.54%	58.31%	55%	54.35%	55.56%	53.51%	12.51%
Interest Coverage	3.38x	4.10x	3.28x	4.30x	2.12x	3.09x	3.84x	2.42x	2.69x	-
Book Value / Share	31.24	35.06	35.52	37.13	35.58	37.18	39.9	39.67	40.98	39.96
Revenue Growth	7.74%	6.96%	6.78%	2.22%	-10.72%	13.85%	12.95%	5.38%	6.21%	6.36%

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Federal Realty Investment Trust (FRT) 10-Year Financial Performance & Capital Metrics

FRT • • REIT / Real Estate

Real EstateRetail REITsUrban High-Street and Mixed-Use Retail

Revenue $1.28B +6.4%
FFO $779M +22.1%
FFO/Share 9.07 +18.9%
FFO Payout 49.82% -14.5%
FFO per Share 9.07 +18.9%
NOI Margin 67.25% -0.2%
FFO Margin 60.9% +14.8%
ROE 11.99% +35.1%
ROA 4.66% +33.8%
Debt/Assets 12.51% -76.6%
Net Debt/EBITDA 1.07 -80.4%
Book Value/Share 39.96 -2.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 25.6%
✓FFO growing 11.5% TTM
✓Sustainable FFO payout ratio of 49.8%
✓High NOI margin of 67.2%
✓Healthy dividend yield of 4.2%
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y5.57%

5Y8.89%

3Y5.98%

TTM6.1%

Profit (Net Income) CAGR

10Y6.94%

5Y25.56%

3Y2.17%

TTM18.07%

EPS CAGR

10Y4.69%

5Y24.21%

3Y0.56%

TTM14.24%

ROCE

10Y Avg6.24%

5Y Avg6.12%

3Y Avg6.09%

Latest7.43%

Peer Comparison

Urban High-Street and Mixed-Use Retail

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AKRAcadia Realty Trust	2.74B	20.92	209.20	14.2%	4.44%	0.66%	6.09%	0.73
ALXAlexander's, Inc.	1.2B	234.62	42.66	-100%		25.86%	6.13%	7.98
FRTFederal Realty Investment Trust	9.38B	108.77	22.71	6.36%	27.64%	10.01%	6.63%	0.33

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue+	801.59M	857.35M	915.44M	935.79M	835.49M	951.22M	1.07B	1.13B	1.2B	1.28B
Revenue Growth %	7.74%	6.96%	6.78%	2.22%	-10.72%	13.85%	12.95%	5.38%	6.21%	6.36%
Property Operating Expenses	253.61M	272.73M	287.87M	298.76M	290.16M	316.62M	356.78M	363.1M	391.8M	418.88M
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	226.98M	174.41M	265.93M	166.12M	255.81M	239.88M	191.19M	362.59M	338.3M	414.75M
G&A Expenses	33.4M	36.28M	33.6M	42.75M	41.68M	49.86M	52.64M	50.71M	49.74M	46.91M
EBITDA+	514.58M	626.26M	605.88M	710.67M	544.55M	674.7M	828.82M	728.23M	814.95M	970.04M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	193.59M	216.05M	244.25M	239.76M	255.03M	279.98M	302.41M	321.76M	342.6M	367.84M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	321M	410.21M	361.64M	470.91M	289.52M	394.73M	526.41M	406.47M	472.36M	602.2M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	94.99M	100.13M	110.15M	109.62M	136.29M	127.7M	136.99M	167.81M	175.48M	-183.61M
Interest Coverage	3.38x	4.10x	3.28x	4.30x	2.12x	3.09x	3.84x	2.42x	2.69x	-
Non-Operating Income	-424K	12.21M	2.46M	746K	17.35M	-2.05M	-6.24M	-8.56M	-7.45M	0
Pretax Income+	226.43M	297.87M	249.03M	360.54M	135.89M	269.08M	395.66M	247.22M	304.33M	411.08M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	0	0	0	0	0	0	0	0	0	0
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	249.91M	289.91M	241.91M	353.87M	131.71M	261.5M	385.49M	236.99M	295.21M	411.08M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	18.88%	16.01%	-16.56%	46.28%	-62.78%	98.55%	47.42%	-38.52%	24.57%	39.25%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	15.19%	14.09%	-3.92%	22.11%	-34.85%	40.01%	27.04%	-18.77%	14.15%	22.12%
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	3.50	3.97	3.18	4.61	1.62	3.26	4.71	2.80	3.42	4.79
EPS Growth %	15.51%	13.43%	-19.9%	44.97%	-64.86%	101.23%	44.48%	-40.55%	22.14%	40.06%
EPS (Basic)	3.51	3.97	3.18	4.61	1.62	3.26	4.71	2.80	3.42	4.79
Diluted Shares Outstanding	71.05M	72.23M	73.3M	74.77M	75.52M	77.37M	80.51M	81.31M	83.57M	85.85M

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets+	5.42B	6.28B	6.29B	6.79B	7.61B	7.62B	8.23B	8.44B	8.52B	9.13B
Asset Growth %	10.42%	15.72%	0.22%	8.03%	11.96%	0.19%	8.02%	2.46%	1.05%	7.11%
Real Estate & Other Assets+	5.24B	6B	6.03B	6.31B	6.44B	7.13B	7.66B	7.85B	8.03B	0
PP&E (Net)	0	0	0	146.18M	143.36M	140.57M	140.04M	93.84M	92.44M	89.53M
Investment Securities	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Total Current Assets+	170.02M	255.49M	236.75M	310.43M	998M	340.68M	292.66M	461.75M	361.63M	357.17M
Cash & Equivalents	23.37M	15.19M	64.09M	127.43M	798.33M	162.13M	85.56M	250.82M	123.41M	107.42M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	-208.56M	-237.8M	-265.7M	-227.06M	-218.95M	-237.07M	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	8.13M	0
Total Liabilities	3.2B	3.74B	3.69B	4.02B	4.92B	4.75B	5.02B	5.21B	5.1B	5.63B
Total Debt+	2.8B	3.33B	3.23B	3.5B	4.44B	4.19B	4.47B	4.69B	4.56B	1.14B
Net Debt	2.78B	3.31B	3.17B	3.37B	3.64B	4.03B	4.39B	4.44B	4.44B	1.04B
Long-Term Debt	2.73B	3.21B	3.16B	3.36B	4.29B	4.05B	4.33B	4.6B	4.47B	0
Short-Term Borrowings	0	41M	0	0	0	0	0	0	0	1.14B
Capital Lease Obligations	71.59M	71.56M	71.52M	145.69M	144.49M	144.69M	145.4M	88.54M	87.62M	0
Total Current Liabilities+	289.48M	288.93M	274M	358.88M	332.87M	347.04M	309.11M	297.83M	311.25M	1.14B
Accounts Payable	201.76M	196.33M	177.92M	255.5M	228.64M	235.17M	190.34M	174.71M	183.56M	0
Deferred Revenue	115.82M	169.39M	182.9M	157.94M	152.42M	0	0	0	0	0
Other Liabilities	0	0	0	0	0	206.19M	237.7M	225.44M	227.83M	4.49B
Total Equity+	2.22B	2.53B	2.6B	2.78B	2.69B	2.88B	3.21B	3.23B	3.42B	3.43B
Equity Growth %	15.65%	14.11%	2.8%	6.62%	-3.22%	7.09%	11.66%	0.41%	6.17%	0.17%
Shareholders Equity	1.98B	2.27B	2.35B	2.54B	2.46B	2.58B	2.95B	2.96B	3.17B	3.25B
Minority Interest	242.8M	265.96M	257.65M	240.55M	222.31M	296.25M	258.37M	262.01M	252.84M	181.66M
Common Stock	722K	733K	745K	759K	771K	790K	818K	833K	862K	869K
Additional Paid-in Capital	2.72B	2.86B	3B	3.17B	3.3B	3.49B	3.82B	3.96B	4.25B	0
Retained Earnings	-749.73M	-749.37M	-818.88M	-791.12M	-988.27M	-1.07B	-1.03B	-1.16B	-1.24B	-1.22B
Preferred Stock	10M	160M	160M	160M	160M	160M	159.82M	159.82M	159.82M	0
Return on Assets (ROA)	4.84%	4.96%	3.85%	5.41%	1.83%	3.43%	4.86%	2.84%	3.48%	4.66%
Return on Equity (ROE)	12.08%	12.2%	9.42%	13.16%	4.82%	9.4%	12.66%	7.36%	8.88%	11.99%
Debt / Assets	51.6%	52.99%	51.34%	51.54%	58.31%	55%	54.35%	55.56%	53.51%	12.51%
Debt / Equity	1.26x	1.31x	1.24x	1.26x	1.65x	1.46x	1.39x	1.45x	1.33x	0.33x
Net Debt / EBITDA	5.39x	5.29x	5.22x	4.75x	6.68x	5.97x	5.30x	6.09x	5.45x	1.07x
Book Value per Share	31.24	35.06	35.52	37.13	35.58	37.18	39.90	39.67	40.98	39.96

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	427.67M	458.83M	516.69M	461.92M	369.93M	471.35M	516.77M	555.83M	574.56M	622.38M
Operating CF Growth %	15.89%	7.29%	12.61%	-10.6%	-19.91%	27.42%	9.64%	7.56%	3.37%	8.32%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	258.88M	297.87M	249.03M	360.54M	135.89M	269.08M	395.66M	247.22M	304.33M	411.08M
Depreciation & Amortization	193.59M	216.05M	244.25M	239.76M	255.03M	279.98M	302.41M	321.76M	342.6M	367.84M
Stock-Based Compensation	0	0	0	0	0	13.01M	13.7M	14.31M	16.36M	14.61M
Other Non-Cash Items	-32.03M	-67.91M	7.98M	-114.21M	-15.52M	-103.81M	-192.16M	-30.29M	-86.19M	-171.15M
Working Capital Changes	7.24M	12.81M	15.43M	-24.17M	-5.47M	13.1M	-2.84M	2.83M	-2.54M	0
Cash from Investing+	-590.22M	-837.92M	-192.25M	-316.53M	-368.38M	-660.12M	-786M	-358.32M	-446.83M	-743.07M
Acquisitions (Net)	-7.22M	-696K	36.96M	-1.05M	-3.35M	-3.12M	-27.35M	0	0	0
Purchase of Investments	0	0	0	0	0	0	0	0	0	0
Sale of Investments	0	0	0	0	0	0	0	0	0	0
Other Investing	-145.72M	-318.29M	139.05M	94.43M	136.9M	-216.49M	-341.95M	-47.2M	-200.07M	-743.07M
Cash from Financing+	173.29M	369.44M	-241.31M	-100.11M	661.74M	-452.97M	190.41M	-33.85M	-252.3M	102.95M
Dividends Paid	-267.69M	-283M	-301.19M	-313.65M	-324.6M	-335.66M	-347.28M	-359.19M	-371.59M	-388.06M
Common Dividends	-267.69M	-283M	-301.19M	-313.65M	-324.6M	-335.66M	-347.28M	-359.19M	-371.59M	0
Debt Issuance (Net)	1000K	1000K	-1000K	1000K	1000K	-1000K	1000K	1000K	-1000K	0
Share Repurchases	-4.45M	-4.23M	-958K	-4.63M	-4.05M	-3M	-4.9M	-5.02M	-6.71M	0
Other Financing	-23.44M	-1.78M	-12.46M	-23.74M	-21.2M	-9.65M	-43.8M	-12.99M	-45.16M	491.01M
Net Change in Cash+	6.29M	-9.65M	83.13M	45.28M	663.28M	-641.73M	-78.81M	163.66M	-124.56M	-17.74M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	28.56M	34.85M	25.2M	108.33M	153.61M	816.9M	175.16M	96.35M	260M	135.44M
Cash at End	34.85M	25.2M	108.33M	153.61M	816.9M	175.16M	96.35M	260M	135.44M	117.71M
Free Cash Flow+	-18.03M	-59.76M	148.43M	52.01M	-132.01M	30.84M	100.07M	244.71M	327.8M	622.38M
FCF Growth %	-123.32%	-231.52%	348.38%	-64.96%	-353.82%	123.36%	224.5%	144.54%	33.96%	89.86%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
FFO per Share	6.24	7	6.63	7.94	5.12	7	8.54	6.87	7.63	9.07
FFO Payout Ratio	60.36%	55.93%	61.95%	52.84%	83.93%	61.99%	50.48%	64.29%	58.26%	49.82%
NOI Margin	68.36%	68.19%	68.55%	68.07%	65.27%	66.71%	66.79%	67.93%	67.42%	67.25%
Net Debt / EBITDA	5.39x	5.29x	5.22x	4.75x	6.68x	5.97x	5.30x	6.09x	5.45x	1.07x
Debt / Assets	51.6%	52.99%	51.34%	51.54%	58.31%	55%	54.35%	55.56%	53.51%	12.51%
Interest Coverage	3.38x	4.10x	3.28x	4.30x	2.12x	3.09x	3.84x	2.42x	2.69x	-
Book Value / Share	31.24	35.06	35.52	37.13	35.58	37.18	39.9	39.67	40.98	39.96
Revenue Growth	7.74%	6.96%	6.78%	2.22%	-10.72%	13.85%	12.95%	5.38%	6.21%	6.36%

Federal Realty Investment Trust (FRT) 10-Year Financial Performance & Capital Metrics

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Federal Realty Investment Trust (FRT) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare FRT vs Peers

vs AKR

vs ALX

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Profit & Loss

Balance Sheet

Cash Flow

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Deep Dive Analysis

Valuation Overview

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Dividend History

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