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Nov 20, 2025·SEC
Federal Realty Investment Trust (FRT) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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Federal Realty Investment Trust (FRT) stock price & volume — 10-year historical chart
Federal Realty Investment Trust (FRT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Federal Realty Investment Trust (FRT) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 1, 2026 | $1.88vs $0.70+167.4% | $333Mvs $332M+0.2% |
| Q1 2026 | Feb 12, 2026 | $1.84vs $0.74+149.3% | $328Mvs $329M-0.3% |
| Q4 2025 | Oct 31, 2025 | $1.77vs $1.76+0.6% | $323Mvs $328M-1.5% |
| Q3 2025 | Aug 6, 2025 | $1.91vs $1.73+10.4% | $312Mvs $315M-1.1% |
Federal Realty Investment Trust (FRT) competitors in Urban High-Street and Mixed-Use Retail — business model, growth, and fundamentals comparison
Federal Realty Investment Trust (FRT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Federal Realty Investment Trust (FRT) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 857.35M | 915.44M | 935.79M | 835.49M | 951.22M | 1.07B | 1.13B | 1.2B | 1.28B |
Revenue Growth % | 6.96% | 6.78% | 2.22% | -10.72% | 13.85% | 12.95% | 5.38% | 6.21% | 6.35% |
Property Operating Expenses | 272.73M | 287.87M | 298.76M | 290.16M | 316.62M | 356.78M | 363.1M | 391.8M | 1.15B |
Net Operating Income (NOI) | 584.62M▲ 0% | 627.57M▲ 7.3% | 637.03M▲ 1.5% | 545.33M▼ 14.4% | 634.61M▲ 16.4% | 717.6M▲ 13.1% | 769.06M▲ 7.2% | 810.65M▲ 5.4% | 124.41M▼ 84.7% |
NOI Margin % | 68.19% | 68.55% | 68.07% | 65.27% | 66.71% | 66.79% | 67.93% | 67.42% | 9.73% |
Operating Expenses | 174.41M | 265.93M | 166.12M | 255.81M | 239.88M | 191.19M | 362.59M | 338.3M | -335.11M |
G&A Expenses | 36.28M | 33.6M | 42.75M | 41.68M | 49.86M | 52.64M | 50.71M | 49.74M | 46.91M |
EBITDA | 626.26M | 605.88M | 710.67M | 544.55M | 674.7M | 828.82M | 728.23M | 814.95M | 827.36M |
EBITDA Margin % | 73.05% | 66.18% | 75.94% | 65.18% | 70.93% | 77.14% | 64.32% | 67.77% | 64.7% |
Depreciation & Amortization | 216.05M | 244.25M | 239.76M | 255.03M | 279.98M | 302.41M | 321.76M | 342.6M | 367.84M |
D&A / Revenue % | 25.2% | 26.68% | 25.62% | 30.52% | 29.43% | 28.15% | 28.42% | 28.49% | 28.76% |
Operating Income | 410.21M▲ 0% | 361.64M▼ 11.8% | 470.91M▲ 30.2% | 289.52M▼ 38.5% | 394.73M▲ 36.3% | 526.41M▲ 33.4% | 406.47M▼ 22.8% | 472.36M▲ 16.2% | 459.51M▼ 2.7% |
Operating Margin % | 47.85% | 39.5% | 50.32% | 34.65% | 41.5% | 49% | 35.9% | 39.28% | 35.93% |
Interest Expense | 100.13M | 110.15M | 109.62M | 136.29M | 127.7M | 136.99M | 167.81M | 175.48M | 181.11M |
Interest Coverage | 3.97x | 3.26x | 4.29x | 2.00x | 3.11x | 3.89x | 2.47x | 2.73x | 3.34x |
Non-Operating Income | 12.21M | 2.46M | 746K | 17.35M | -2.05M | -6.24M | -8.56M | -7.45M | -145.25M |
Pretax Income | 297.87M▲ 0% | 249.03M▼ 16.4% | 360.54M▲ 44.8% | 135.89M▼ 62.3% | 269.08M▲ 98.0% | 395.66M▲ 47.0% | 247.22M▼ 37.5% | 304.33M▲ 23.1% | 423.65M▲ 39.2% |
Pretax Margin % | 34.74% | 27.2% | 38.53% | 16.26% | 28.29% | 36.83% | 21.84% | 25.31% | 33.13% |
Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Net Income | 289.91M▲ 0% | 241.91M▼ 16.6% | 353.87M▲ 46.3% | 131.71M▼ 62.8% | 261.5M▲ 98.5% | 385.49M▲ 47.4% | 236.99M▼ 38.5% | 295.21M▲ 24.6% | 411.08M▲ 39.2% |
Net Margin % | 33.82% | 26.43% | 37.81% | 15.76% | 27.49% | 35.88% | 20.93% | 24.55% | 32.15% |
Net Income Growth % | 16.01% | -16.56% | 46.28% | -62.78% | 98.55% | 47.42% | -38.52% | 24.57% | 39.25% |
Funds From Operations (FFO) | 505.96M▲ 0% | 486.15M▼ 3.9% | 593.62M▲ 22.1% | 386.73M▼ 34.9% | 541.47M▲ 40.0% | 687.9M▲ 27.0% | 558.75M▼ 18.8% | 637.81M▲ 14.1% | 778.92M▲ 22.1% |
FFO Margin % | 59.01% | 53.11% | 63.44% | 46.29% | 56.92% | 64.03% | 49.35% | 53.04% | 60.91% |
FFO Growth % | 14.09% | -3.92% | 22.11% | -34.85% | 40.01% | 27.04% | -18.77% | 14.15% | 22.12% |
FFO per Share | 7.00 | 6.63 | 7.94 | 5.12 | 7.00 | 8.54 | 6.87 | 7.63 | 9.07 |
FFO Payout Ratio % | 55.93% | 61.95% | 52.84% | 83.93% | 61.99% | 50.48% | 64.29% | 58.26% | 49.82% |
EPS (Diluted) | 3.97▲ 0% | 3.18▼ 19.9% | 4.61▲ 45.0% | 1.62▼ 64.9% | 3.26▲ 101.2% | 4.71▲ 44.5% | 2.80▼ 40.6% | 3.42▲ 22.1% | 4.79▲ 40.1% |
EPS Growth % | 13.43% | -19.9% | 44.97% | -64.86% | 101.23% | 44.48% | -40.55% | 22.14% | 40.06% |
EPS (Basic) | 3.97 | 3.18 | 4.61 | 1.62 | 3.26 | 4.71 | 2.80 | 3.42 | 4.79 |
Diluted Shares Outstanding | 72.23M | 73.3M | 74.77M | 75.52M | 77.37M | 80.51M | 81.31M | 83.57M | 85.85M |
Federal Realty Investment Trust (FRT) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Total Assets | 6.28B | 6.29B | 6.79B | 7.61B | 7.62B | 8.23B | 8.44B | 8.52B | 9.13B |
Asset Growth % | 15.72% | 0.22% | 8.03% | 11.96% | 0.19% | 8.02% | 2.46% | 1.05% | 7.11% |
Real Estate & Other Assets | 6B | 6.03B | 6.31B | 6.44B | 7.13B | 7.66B | 7.85B | 8.03B | -48.18M |
PP&E (Net) | 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 |
Total Current Assets | 255.49M | 236.75M | 310.43M | 998M | 340.68M | 292.66M | 461.75M | 361.63M | 357.17M |
Cash & Equivalents | 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 |
Other Current Assets | -237.8M | -265.7M | -227.06M | -218.95M | -237.07M | 0 | 0 | 0 | -9.09M |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.13M | 16.3M |
Total Liabilities | 3.74B | 3.69B | 4.02B | 4.92B | 4.75B | 5.02B | 5.21B | 5.1B | 5.63B |
Total Debt | 3.33B | 3.23B | 3.5B | 4.44B | 4.19B | 4.47B | 4.69B | 4.56B | 5.03B |
Net Debt | 3.31B | 3.17B | 3.37B | 3.64B | 4.03B | 4.39B | 4.44B | 4.44B | 4.92B |
Long-Term Debt | 3.21B | 3.16B | 3.36B | 4.29B | 4.05B | 4.33B | 4.6B | 4.47B | 4.94B |
Short-Term Borrowings | 41M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Capital Lease Obligations | 71.56M | 71.52M | 145.69M | 144.49M | 144.69M | 145.4M | 88.54M | 87.62M | 85.21M |
Total Current Liabilities | 288.93M | 274M | 358.88M | 332.87M | 347.04M | 309.11M | 297.83M | 311.25M | 351.02M |
Accounts Payable | 196.33M | 177.92M | 255.5M | 228.64M | 235.17M | 190.34M | 174.71M | 183.56M | 219.68M |
Deferred Revenue | 169.39M | 182.9M | 157.94M | 152.42M | 0 | 0 | 0 | 0 | 0 |
Other Liabilities | 0 | 0 | 0 | 0 | 206.19M | 237.7M | 225.44M | 227.83M | 250.49M |
Total Equity | 2.53B▲ 0% | 2.6B▲ 2.8% | 2.78B▲ 6.6% | 2.69B▼ 3.2% | 2.88B▲ 7.1% | 3.21B▲ 11.7% | 3.23B▲ 0.4% | 3.42B▲ 6.2% | 3.5B▲ 2.2% |
Equity Growth % | 14.11% | 2.8% | 6.62% | -3.22% | 7.09% | 11.66% | 0.41% | 6.17% | 2.23% |
Shareholders Equity | 2.27B | 2.35B | 2.54B | 2.46B | 2.58B | 2.95B | 2.96B | 3.17B | 3.25B |
Minority Interest | 265.96M | 257.65M | 240.55M | 222.31M | 296.25M | 258.37M | 262.01M | 252.84M | 251.91M |
Common Stock | 733K | 745K | 759K | 771K | 790K | 818K | 833K | 862K | 869K |
Additional Paid-in Capital | 2.86B | 3B | 3.17B | 3.3B | 3.49B | 3.82B | 3.96B | 4.25B | 4.31B |
Retained Earnings | -749.37M | -818.88M | -791.12M | -988.27M | -1.07B | -1.03B | -1.16B | -1.24B | -1.22B |
Preferred Stock | 160M | 160M | 160M | 160M | 160M | 159.82M | 159.82M | 159.82M | 159.82M |
Return on Assets (ROA) | 4.96% | 3.85% | 5.41% | 1.83% | 3.43% | 4.86% | 2.84% | 3.48% | 4.66% |
Return on Equity (ROE) | 12.2% | 9.42% | 13.16% | 4.82% | 9.4% | 12.66% | 7.36% | 8.88% | 11.87% |
Debt / Assets | 52.99% | 51.34% | 51.54% | 58.31% | 55% | 54.35% | 55.56% | 53.51% | 55.07% |
Debt / Equity | 1.31x | 1.24x | 1.26x | 1.65x | 1.46x | 1.39x | 1.45x | 1.33x | 1.44x |
Net Debt / EBITDA | 5.29x | 5.22x | 4.75x | 6.68x | 5.97x | 5.30x | 6.09x | 5.45x | 5.95x |
Book Value per Share | 35.06 | 35.52 | 37.13 | 35.58 | 37.18 | 39.90 | 39.67 | 40.98 | 40.78 |
Federal Realty Investment Trust (FRT) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 458.83M | 516.69M | 461.92M | 369.93M | 471.35M | 516.77M | 555.83M | 574.56M | 622.38M |
Operating CF Growth % | 7.29% | 12.61% | -10.6% | -19.91% | 27.42% | 9.64% | 7.56% | 3.37% | 8.32% |
Operating CF / Revenue % | 53.52% | 56.44% | 49.36% | 44.28% | 49.55% | 48.1% | 49.09% | 47.78% | 48.67% |
Net Income | 297.87M | 249.03M | 360.54M | 135.89M | 269.08M | 395.66M | 247.22M | 304.33M | 411.08M |
Depreciation & Amortization | 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 | 13.01M | 13.7M | 14.31M | 16.36M | 14.61M |
Other Non-Cash Items | -67.91M | 7.98M | -114.21M | -15.52M | -103.81M | -192.16M | -30.29M | -86.19M | -171.71M |
Working Capital Changes | 12.81M | 15.43M | -24.17M | -5.47M | 13.1M | -2.84M | 2.83M | -2.54M | 564K |
Cash from Investing | -837.92M | -192.25M | -316.53M | -368.38M | -660.12M | -786M | -358.32M | -446.83M | -743.07M |
Acquisitions (Net) | -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 |
Sale of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Investing | -318.29M | 139.05M | 94.43M | 136.9M | -216.49M | -341.95M | -47.2M | -200.07M | -743.07M |
Cash from Financing | 369.44M | -241.31M | -100.11M | 661.74M | -452.97M | 190.41M | -33.85M | -252.3M | 102.95M |
Dividends Paid | -283M | -301.19M | -313.65M | -324.6M | -335.66M | -347.28M | -359.19M | -371.59M | -388.06M |
Common Dividends | -283M | -301.19M | -313.65M | -324.6M | -335.66M | -347.28M | -359.19M | -371.59M | -388.06M |
Debt Issuance (Net) | 1000K | -1000K | 1000K | 1000K | -1000K | 1000K | 1000K | -1000K | 1000K |
Share Repurchases | -4.23M | -958K | -4.63M | -4.05M | -3M | -4.9M | -5.02M | -6.71M | -4.91M |
Other Financing | -1.78M | -12.46M | -23.74M | -21.2M | -9.65M | -43.8M | -12.99M | -45.16M | -18.54M |
Net Change in Cash | -9.65M▲ 0% | 83.13M▲ 961.6% | 45.28M▼ 45.5% | 663.28M▲ 1364.8% | -641.73M▼ 196.8% | -78.81M▲ 87.7% | 163.66M▲ 307.6% | -124.56M▼ 176.1% | -17.74M▲ 85.8% |
Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash at Beginning | 34.85M | 25.2M | 108.33M | 153.61M | 816.9M | 175.16M | 96.35M | 260M | 135.44M |
Cash at End | 25.2M | 108.33M | 153.61M | 816.9M | 175.16M | 96.35M | 260M | 135.44M | 117.71M |
Free Cash Flow | -59.76M▲ 0% | 148.43M▲ 348.4% | 52.01M▼ 65.0% | -132.01M▼ 353.8% | 30.84M▲ 123.4% | 100.07M▲ 224.5% | 244.71M▲ 144.5% | 327.8M▲ 34.0% | 331.04M▲ 1.0% |
FCF Growth % | -231.52% | 348.38% | -64.96% | -353.82% | 123.36% | 224.5% | 144.54% | 33.96% | 0.99% |
FCF / Revenue % | -6.97% | 16.21% | 5.56% | -15.8% | 3.24% | 9.31% | 21.61% | 27.26% | 25.89% |
Federal Realty Investment Trust (FRT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet 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% | 9.73% |
Net Debt / EBITDA | 5.39x | 5.29x | 5.22x | 4.75x | 6.68x | 5.97x | 5.30x | 6.09x | 5.45x | 5.95x |
Debt / Assets | 51.6% | 52.99% | 51.34% | 51.54% | 58.31% | 55% | 54.35% | 55.56% | 53.51% | 55.07% |
Interest Coverage | 3.38x | 3.97x | 3.26x | 4.29x | 2.00x | 3.11x | 3.89x | 2.47x | 2.73x | 3.34x |
Book Value / Share | 31.24 | 35.06 | 35.52 | 37.13 | 35.58 | 37.18 | 39.9 | 39.67 | 40.98 | 40.78 |
Revenue Growth | 7.74% | 6.96% | 6.78% | 2.22% | -10.72% | 13.85% | 12.95% | 5.38% | 6.21% | 6.35% |
Federal Realty Investment Trust (FRT) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 15, 2026·SEC
Feb 12, 2026·SEC
Nov 20, 2025·SEC
Federal Realty Investment Trust (FRT) stock FAQ — growth, dividends, profitability & financials explained
Federal Realty Investment Trust (FRT) reported $1.28B in revenue for fiscal year 2025. This represents a 615% increase from $179.1M in 1996.
Federal Realty Investment Trust (FRT) grew revenue by 6.3% over the past year. This is steady growth.
Yes, Federal Realty Investment Trust (FRT) is profitable, generating $411.1M in net income for fiscal year 2025 (32.1% net margin).
Yes, Federal Realty Investment Trust (FRT) pays a dividend with a yield of 3.75%. This makes it attractive for income-focused investors.
Federal Realty Investment Trust (FRT) has a return on equity (ROE) of 11.9%. This is reasonable for most industries.
Federal Realty Investment Trust (FRT) generated Funds From Operations (FFO) of $778.9M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Federal Realty Investment Trust (FRT) offers a 3.75% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.