Financial Ratios Federal Realty Investment Trust

Equities

FRT

US3137451015

Commercial REITs

Market Closed - Nyse Other stock markets 21:00:03 20/05/2026 BST			5-day change	1st Jan Change
116.06 ^USD	+1.06%		+1.69%	+15.14%

05-18	UBS Adjusts Price Target on Federal Realty Investment Trust to $118 From $103, Maintains Neutral Rating	MT
05-18	Scotiabank Adjusts PT on Federal Realty Investment Trust to $128 From $118, Keeps Sector Outperform Rating	MT

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Published financial data: FEDERAL REALTY INVESTMENT TRUST

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Rental Revenues	949M	1.07B	1.13B	1.17B	1.25B
Interest Income On Mortgage Securities	2.38M	1.09M	1.11M	1.12M	1.11M
Other Revenues, Total	1.24M	5.17M	3.87M	34.42M	34.29M
Total Revenues	952M	1.08B	1.14B	1.21B	1.28B
Property Expenses	309M	349M	355M	384M	411M
Selling General & Admin Expenses, Total	57.34M	60.45M	58.68M	57.28M	54.85M
Depreciation & Amortization - (IS) - (Collected)	280M	302M	322M	343M	368M
Other Operating Expenses	-	-	-	-	-14.18M
Total Operating Expenses	646M	712M	736M	784M	819M
Operating Income (REIT / Utility Template)	306M	368M	400M	421M	461M
Interest Expense, Total	-128M	-137M	-168M	-175M	-184M
Interest and Investment Income	809K	1.07M	4.69M	4.29M	3.14M
Net Interest Expenses	-127M	-136M	-163M	-171M	-180M
EBT, Excl. Unusual Items	179M	232M	237M	250M	281M
Gain (Loss) on Sale of Investments	-	70.37M	-	-	-
Gain (Loss) on Sale of Assets	89.95M	93.48M	9.88M	54.04M	150M
Asset Writedown	-	-	-	-	-7.42M
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	269M	396M	247M	304M	424M
Earnings From Continuing Operations	269M	396M	247M	304M	424M
Net Income to Company	269M	396M	247M	304M	424M
Minority Interest	-7.58M	-10.17M	-10.23M	-9.13M	-12.57M
Net Income - (IS)	261M	385M	237M	295M	411M
Preferred Dividend and Other Adjustments	9.25M	9.36M	9.32M	9.32M	9.37M
Net Income to Common Incl Extra Items	252M	376M	228M	286M	402M
Net Income to Common Excl. Extra Items	252M	376M	228M	286M	402M
Per Share Items
Net EPS - Basic	3.26	4.71	2.8	3.42	4.68
Basic EPS - Continuing Operations	3.26	4.71	2.8	3.42	4.68
Basic Weighted Average Shares Outstanding	77.34M	79.85M	81.31M	83.56M	85.85M
Net EPS - Diluted	3.26	4.71	2.8	3.42	4.68
Diluted EPS - Continuing Operations	3.26	4.71	2.8	3.42	4.68
Diluted Weighted Average Shares Outstanding	77.37M	80.51M	81.31M	83.57M	86.4M
Normalized Basic EPS	1.35	1.69	1.7	1.76	1.9
Normalized Diluted EPS	1.35	1.67	1.7	1.76	1.89
Dividend Per Share	4.26	4.3	4.34	4.38	4.46
Payout Ratio	128.36	90.09	151.57	125.87	94.4
American Depositary Receipts Ratio (ADR)	0.25	0.25	0.25	0.25	0.25
Supplemental Items
EBITDA	578M	659M	710M	751M	815M
EBITA	298M	357M	388M	408M	447M
EBIT	306M	368M	400M	421M	461M
EBITDAR	610M	693M	747M	790M	864M
Total Revenues (As Reported)	951M	1.07B	1.13B	1.2B	1.28B
Normalized Net Income	104M	135M	138M	147M	163M
Interest Capitalized	22.63M	18.67M	22.6M	20.48M	13.17M
Interest on Long-Term Debt	28.45M	24.41M	26.93M	21.31M	14M
Supplemental Operating Expense Items
Marketing Expenses	7.48M	7.81M	7.98M	7.54M	7.93M
Selling and Marketing Expenses	7.48M	7.81M	7.98M	7.54M	7.93M
General and Administrative Expenses	49.86M	52.64M	50.71M	49.74M	46.91M
Net Rental Expense, Total	31.98M	33.72M	37.79M	39.84M	48.99M
Imputed Operating Lease Interest Expense	8.91M	9.69M	12.56M	13.5M	16.08M
Imputed Operating Lease Depreciation	23.07M	24.03M	25.22M	26.33M	32.9M
Maintenance & Repair Expenses, Total	78.03M	90.34M	87.35M	99.37M	108M
Stock-Based Comp., Other (Total)	13.01M	13.7M	14.31M	16.36M	14.61M
Total Stock-Based Compensation	13.01M	13.7M	14.31M	16.36M	14.61M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Gross Property Plant And Equipment	9.56B	10.24B	10.64B	11B	11.73B
Accumulated Depreciation	-2.53B	-2.72B	-2.96B	-3.15B	-3.35B
Net Property Plant And Equipment	7.03B	7.53B	7.68B	7.84B	8.38B
Total Real Estate Assets	7.03B	7.53B	7.68B	7.84B	8.38B
Cash And Equivalents	162M	85.56M	251M	123M	107M
Accounts Receivable, Total	169M	194M	202M	229M	250M
Other Intangibles, Total	13.33M	11.84M	5.11M	8.12M	16.3M
Notes Receivable (Collected)	-	3.5M	-	-	-
Mortgage Loans	9.54M	9.46M	9.2M	9.14M	9.09M
Restricted Cash	13.03M	10.79M	9.18M	12.03M	10.29M
Other Current Assets, Total	211M	239M	244M	-	-
Trading Asset Securities, Total	-	6.14M	4.67M	5.21M	2.6M
Other Long-Term Assets, Total	13.03M	145M	34.87M	294M	357M
Total Assets	7.62B	8.23B	8.44B	8.52B	9.13B
Liabilities
Current Portion of Long-Term Debt	5.61M	275M	604M	848M	656M
Current Portion of Leases	11M	65.49M	6.53M	6.61M	6.33M
Long-Term Debt	4.04B	4.05B	4B	3.63B	4.29B
Long-Term Leases	134M	79.92M	82.01M	81.01M	78.88M
Accounts Payable, Total	230M	187M	171M	179M	215M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	91.74M	109M	111M	114M	122M
Other Non Current Liabilities	230M	251M	241M	246M	265M
Total Liabilities	4.75B	5.02B	5.21B	5.1B	5.63B
Preferred Stock Redeemable	150M	150M	150M	150M	150M
Preferred Stock Convertible	10M	9.82M	9.82M	9.82M	9.82M
Total Preferred Equity	160M	160M	160M	160M	160M
Common Stock, Total	790K	818K	833K	862K	869K
Additional Paid In Capital	3.49B	3.82B	3.96B	4.25B	4.31B
Distributions In Excess Of Earnings	-1.07B	-1.03B	-1.16B	-1.24B	-1.22B
Comprehensive Income and Other	-2.05M	5.76M	4.05M	4.74M	2.05M
Total Common Equity	2.42B	2.79B	2.8B	3.01B	3.09B
Minority Interest	296M	258M	262M	253M	252M
Total Equity	2.88B	3.21B	3.23B	3.42B	3.5B
Total Liabilities And Equity	7.62B	8.23B	8.44B	8.52B	9.13B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	78.62M	81.35M	82.99M	85.68M	86.28M
ECS Total Common Shares Outstanding	78.6M	81.34M	82.78M	85.67M	86.27M
Book Value / Share	30.8	34.35	33.87	35.16	35.81
Tangible Book Value	2.41B	2.78B	2.8B	3B	3.07B
Tangible Book Value Per Share	30.63	34.21	33.81	35.06	35.62
Total Debt	4.19B	4.47B	4.69B	4.56B	5.03B
Net Debt	4.03B	4.38B	4.43B	4.43B	4.92B
Debt Equivalent of Unfunded Proj. Benefit Obligation	21M	18M	22M	24M	27M
Debt Equivalent Oper. Leases	256M	270M	302M	319M	392M
Minority Interest, Total (Incl. Fin. Div)	296M	258M	262M	253M	252M
Equity Method Investments, Total	13.03M	145M	34.87M	33.46M	31.88M
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	310	314	297	304	314
Part Time Employees	5	8	7	5	6
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	261M	385M	237M	295M	411M
Depreciation, Depletion & Amortization	280M	302M	322M	343M	368M
Amortization of Goodwill and Intangible Assets - (CF)	-8.46M	-10.83M	-12.61M	-13.49M	-14.76M
Total Depreciation, Depletion & Amortization	272M	292M	309M	329M	353M
(Gain) Loss On Sale of Asset - (CF)	-89.95M	-93.48M	-9.88M	-54.04M	-150M
(Gain) Loss on Sale of Investments - (CF)	-	-70.37M	-	-	-
Total Asset Writedown	-	-	-	-	7.42M
(Income) Loss On Equity Investments - (CF)	-1.24M	-5.17M	-3.87M	-3.16M	-1.92M
Stock-Based Compensation (CF)	-	13.7M	14.31M	16.36M	14.61M
Change in Accounts Receivable	1.21M	-12.07M	3.47M	-796K	2.42M
Change in Accounts Payable	6.78M	77K	6M	1.55M	5.59M
Change in Other Net Operating Assets (Collected)	5.1M	9.15M	-6.65M	-3.29M	-1.85M
Other Operating Activities	16.43M	-2.14M	6.13M	-6.55M	-18.11M
Cash from Operations	471M	517M	556M	575M	622M
Acquisition of Real Estate Assets, Total	-807M	-855M	-372M	-521M	-1.03B
Sale of Real Estate Assets, Total	138M	134M	28.45M	99.93M	306M
Net Sale / Acquisition of Real Estate Assets	-669M	-721M	-343M	-421M	-721M
Divestitures	-	-4.19M	-	-	-
Investment in Marketable and Equity Securities, Total	-145K	-16.29M	9.86M	4.74M	3.41M
Net (Increase) Decrease in Loans Originated / Sold - Investing	31.13M	-3.46M	-	-	-
Deferred Charges	-21.99M	-22.54M	-23.51M	-30.81M	-25.36M
Other Investing Activities, Total	-	-18.03M	-1.38M	-	-134K
Cash from Investing	-660M	-786M	-358M	-447M	-743M
Long-Term Debt Issued, Total	-	299M	545M	472M	468M
Total Debt Issued	-	299M	545M	472M	468M
Long-Term Debt Repaid, Total	-278M	-19.44M	-333M	-604M	-7.66M
Total Debt Repaid	-278M	-19.44M	-333M	-604M	-7.66M
Issuance of Common Stock	173M	307M	132M	304M	54.47M
Repurchase of Common Stock	-3M	-4.9M	-5.02M	-26.16M	-4.91M
Issuance of Preferred Stock	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-336M	-347M	-359M	-372M	-388M
Common & Preferred Stock Dividends Paid	-336M	-347M	-359M	-372M	-388M
Other Financing Activities, Total	-9.65M	-43.8M	-12.99M	-25.71M	-18.54M
Cash from Financing	-453M	190M	-33.85M	-252M	103M
Net Change in Cash	-642M	-78.82M	164M	-125M	-17.74M
Supplemental Items
Cash Interest Paid	124M	131M	159M	169M	172M
Cash Income Tax Paid (Refund)	386K	624K	284K	177K	369K
Net Debt Issued / Repaid	-278M	279M	211M	-133M	460M
Levered Free Cash Flow	312M	262M	372M	388M	467M
Unlevered Free Cash Flow	392M	348M	476M	497M	581M
Change In Net Working Capital	11.97M	79.87M	388K	4.38M	-37.31M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	2.51	2.9	3	3.11	3.27
Return on Total Capital	2.7	3.11	3.21	3.31	3.49
Return On Equity %	9.67	13	7.68	9.15	12.24
Return on Common Equity	10.68	14.43	8.13	9.83	13.17
Margin Analysis
Gross Profit Margin %	67.54	67.67	68.74	68.13	67.92
SG&A Margin	6.02	5.6	5.17	4.75	4.28
EBITDA Margin %	60.64	61.07	62.46	62.26	63.59
EBITA Margin %	31.24	33.06	34.14	33.84	34.87
EBIT Margin %	32.13	34.06	35.25	34.96	36.02
Income From Continuing Operations Margin %	28.25	36.65	21.76	25.24	33.07
Net Income Margin %	27.45	35.71	20.86	24.49	32.09
Net Avail. For Common Margin %	26.48	34.84	20.04	23.71	31.36
Normalized Net Income Margin	10.96	12.48	12.16	12.22	12.73
Levered Free Cash Flow Margin	32.79	24.27	32.71	32.16	36.42
Unlevered Free Cash Flow Margin	41.17	32.2	41.94	41.26	45.38
Asset Turnover
Asset Turnover	0.13	0.14	0.14	0.14	0.15
Fixed Assets Turnover	0.14	0.15	0.15	0.16	0.16
Receivables Turnover (Average Receivables)	5.77	5.91	5.71	5.43	5.2
Short Term Liquidity
Current Ratio	1.64	0.85	0.8	0.32	0.37
Quick Ratio	0.98	0.45	0.51	0.31	0.36
Operating Cash Flow to Current Liabilities	1.39	0.81	0.62	0.5	0.62
Days Sales Outstanding (Average Receivables)	63.24	61.75	63.88	67.38	70.16
Average Days Payable Outstanding	268.03	218.08	184.11	166.86	174.9
Long Term Solvency
Total Debt/Equity	145.78	139.3	145.33	133.2	143.64
Total Debt / Total Capital	59.31	58.21	59.24	57.12	58.96
LT Debt/Equity	145.2	128.7	126.41	108.24	124.73
Long-Term Debt / Total Capital	59.08	53.78	51.52	46.41	51.19
Total Liabilities / Total Assets	62.26	60.99	61.77	59.83	61.66
EBIT / Interest Expense	2.4	2.68	2.39	2.4	2.51
EBITDA / Interest Expense	4.77	5.06	4.45	4.5	4.7
(EBITDA - Capex) / Interest Expense	4.21	4.27	3.88	3.89	4.09
Total Debt / EBITDA	6.88	6.46	6.27	5.77	5.82
Net Debt / EBITDA	6.61	6.32	5.93	5.61	5.7
Total Debt / (EBITDA - Capex)	7.8	7.64	7.21	6.68	6.69
Net Debt / (EBITDA - Capex)	7.5	7.49	6.82	6.49	6.55
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	15.11	13.34	5.23	6.13	6.24
Gross Profit, 1 Yr. Growth %	18.32	13.56	6.89	5.18	5.92
EBITDA, 1 Yr. Growth %	17.49	14.16	7.68	5.77	8.52
EBITA, 1 Yr. Growth %	25.81	19.94	8.76	5.19	9.48
EBIT, 1 Yr. Growth %	27.21	20.16	8.9	5.25	9.48
Earnings From Cont. Operations, 1 Yr. Growth %	98.02	47.04	-37.52	23.1	39.2
Net Income, 1 Yr. Growth %	98.55	47.42	-38.52	24.57	39.25
Diluted EPS Before Extra, 1 Yr. Growth %	101.23	44.38	-40.51	22.15	36.81
Normalized Net Income, 1 Yr. Growth %	67.88	29.06	2.52	6.67	10.67
Net Property, Plant and Equip., 1 Yr. Growth %	10.41	7.07	1.96	2.17	6.81
Accounts Receivable, 1 Yr. Growth %	5.77	14.88	3.91	13.56	9.03
Total Assets, 1 Yr. Growth %	0.19	8.02	2.46	1.05	7.11
Common Equity, 1 Yr. Growth %	5.05	15.43	0.34	7.42	2.56
Tangible Book Value, 1 Yr. Growth %	5.02	15.58	0.37	7.54	2.3
Cash From Operations, 1 Yr. Growth %	27.42	9.64	7.56	3.37	8.32
Capital Expenditures, 1 Yr. Growth %	5.38	50.09	-9.84	10.48	4.69
Levered Free Cash Flow, 1 Yr. Growth %	37.22	-16.11	54.47	-35.45	24.44
Unlevered Free Cash Flow, 1 Yr. Growth %	25.37	-11.35	46.08	-29.5	19.96
Dividend Per Share, 1 Yr. Growth %	0.95	0.94	0.93	0.92	1.83
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	1	14.22	9.21	5.68	6.18
Gross Profit, 2 Yr. CAGR %	0.07	15.92	10.17	6.03	5.55
EBITDA, 2 Yr. CAGR %	-0.74	15.81	10.87	6.72	7.14
EBITA, 2 Yr. CAGR %	-7.32	22.84	14.22	6.96	7.32
EBIT, 2 Yr. CAGR %	-6.83	23.64	14.39	7.06	7.34
Earnings From Cont. Operations, 2 Yr. CAGR %	-13.61	70.64	-4.15	-12.3	30.91
Net Income, 2 Yr. CAGR %	-14.04	71.08	-4.8	-12.49	31.7
Diluted EPS Before Extra, 2 Yr. CAGR %	-15.91	70.45	-7.33	-14.76	29.27
Normalized Net Income, 2 Yr. CAGR %	-15.42	47.2	15.03	4.57	8.65
Net Property, Plant and Equip., 2 Yr. CAGR %	6.26	8.73	4.49	2.07	4.47
Accounts Receivable, 2 Yr. CAGR %	5.25	10.23	9.25	8.62	11.27
Total Assets, 2 Yr. CAGR %	5.91	4.04	5.21	1.75	4.03
Common Equity, 2 Yr. CAGR %	0.95	10.12	7.62	3.82	4.96
Tangible Book Value, 2 Yr. CAGR %	1	10.17	7.82	3.79	4.88
Cash From Operations, 2 Yr. CAGR %	1.02	18.19	8.59	5.44	5.82
Capital Expenditures, 2 Yr. CAGR %	-6.95	25.76	16.32	-0.2	7.54
Levered Free Cash Flow, 2 Yr. CAGR %	-14.26	7.29	9.09	26.96	-11.87
Unlevered Free Cash Flow, 2 Yr. CAGR %	-10.85	5.42	10.24	23.5	-9.23
Dividend Per Share, 2 Yr. CAGR %	1.44	0.94	0.93	0.93	1.37
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	1.46	4.95	11.14	8.17	5.87
Gross Profit, 3 Yr. CAGR %	0.59	4.38	12.83	8.48	5.99
EBITDA, 3 Yr. CAGR %	-0.37	4	13.02	9.15	7.32
EBITA, 3 Yr. CAGR %	-4.33	1	17.92	11.13	7.79
EBIT, 3 Yr. CAGR %	-4.04	1.42	18.52	11.26	7.86
Earnings From Cont. Operations, 3 Yr. CAGR %	2.62	3.15	22.08	4.19	2.3
Net Income, 3 Yr. CAGR %	2.63	2.89	21.63	4.12	2.17
Diluted EPS Before Extra, 3 Yr. CAGR %	0.84	0.7	20.01	1.61	-0.2
Normalized Net Income, 3 Yr. CAGR %	-9.56	-2.63	30.48	12.17	6.57
Net Property, Plant and Equip., 3 Yr. CAGR %	6.98	6.53	6.42	3.71	3.63
Accounts Receivable, 3 Yr. CAGR %	5.92	8.36	8.08	10.67	8.76
Total Assets, 3 Yr. CAGR %	6.62	6.61	3.51	3.8	3.5
Common Equity, 3 Yr. CAGR %	3.46	5.56	6.76	7.56	3.4
Tangible Book Value, 3 Yr. CAGR %	3.51	5.65	6.88	7.66	3.29
Cash From Operations, 3 Yr. CAGR %	-3.01	3.81	14.54	6.82	6.39
Capital Expenditures, 3 Yr. CAGR %	2.74	9.13	12.56	14.34	1.4
Levered Free Cash Flow, 3 Yr. CAGR %	-0.38	-14.88	17.76	7.49	24.71
Unlevered Free Cash Flow, 3 Yr. CAGR %	0.63	-11.02	15.07	8.26	21.24
Dividend Per Share, 3 Yr. CAGR %	1.78	1.27	0.94	0.93	1.23
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	3.51	4.73	4.49	5.24	9.13
Gross Profit, 5 Yr. CAGR %	2.94	4.25	4.32	5.04	9.86
EBITDA, 5 Yr. CAGR %	2.4	3.93	3.97	5.07	10.63
EBITA, 5 Yr. CAGR %	-1.4	1.72	2.68	3.33	13.56
EBIT, 5 Yr. CAGR %	-0.95	2.07	2.95	3.64	13.91
Earnings From Cont. Operations, 5 Yr. CAGR %	0.78	5.84	-0.15	-3.33	25.54
Net Income, 5 Yr. CAGR %	0.91	5.86	-0.41	-3.56	25.56
Diluted EPS Before Extra, 5 Yr. CAGR %	-1.41	3.46	-2.51	-5.8	23.63
Normalized Net Income, 5 Yr. CAGR %	-4.67	-0.36	-0.42	0.19	21.26
Net Property, Plant and Equip., 5 Yr. CAGR %	7.07	5.51	5.97	4.72	5.64
Accounts Receivable, 5 Yr. CAGR %	7.68	-1.55	7.24	8.47	9.34
Total Assets, 5 Yr. CAGR %	7.04	5.58	6.05	4.64	3.72
Common Equity, 5 Yr. CAGR %	4.24	5.81	5.1	4.86	6.04
Tangible Book Value, 5 Yr. CAGR %	4.44	6.27	5.21	4.94	6.03
Cash From Operations, 5 Yr. CAGR %	1.96	2.41	1.47	4.46	10.97
Capital Expenditures, 5 Yr. CAGR %	4.5	6.95	7.97	5.3	10.52
Levered Free Cash Flow, 5 Yr. CAGR %	-1.52	6.15	3.3	-1.81	15.44
Unlevered Free Cash Flow, 5 Yr. CAGR %	-0.22	6.23	4.37	0.17	13.2
Dividend Per Share, 5 Yr. CAGR %	2.1	1.66	1.44	1.13	1.11