Symbols / FRT Stock $110.52 -0.09% Federal Realty Investment Trust

Real Estate • REIT - Retail • United States • NYQ
FRT (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: SMA 50: SMA 200:
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Real Estate
Industry REIT - Retail
CEO Mr. Donald C. Wood CPA
Exch · Country NYQ · United States
Market Cap 9.61B
Enterprise Value 14.87B
Income 401.70M
Sales 1.28B
FCF (ttm) 466.56M
Book/sh 35.81
Cash/sh 1.27
Employees 314
Insider 10d
IPO May 03, 1973
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 95.30%
P/E 23.61
Forward P/E 34.73
PEG 3.59
P/S 7.50
P/B 3.09
P/C
EV/EBITDA 18.26
EV/Sales 11.61
Quick Ratio 0.36
Current Ratio 0.37
Debt/Eq 143.64
LT Debt/Eq
EPS (ttm) 4.68
EPS next Y 3.18
EPS Growth 98.70%
Revenue Growth 7.50%
EPS Gr Q/Q 98.00%
Rev Gr Q/Q
Earnings (next) 2026-05-01
Earnings (prior) 2026-02-12
ROA 3.27%
ROE 12.23%
ROIC
Gross Margin 67.92%
Oper. Margin 34.46%
Profit Margin 32.09%
Shs Outstand 86.39M
Shs Float 77.86M
Insider Own 1.12%
Instit Own 99.95%
Short Float 0.02%
Short Ratio 0.02
Short Interest 14.42K
52W High 113.09
vs 52W High -2.28%
52W Low 89.99
vs 52W Low 22.81%
Beta 0.99
Impl. Vol. 36.59%
Rel Volume 0.53
Avg Volume 849.94K
Volume 448.17K
Target (mean) $116.05
Tgt Median $116.00
Tgt Low $103.00
Tgt High $133.00
# Analysts 19
Recom Buy
Prev Close $110.61
Price $110.52
Change -0.09%
About

Federal Realty Investment Trust is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets and select underserved regions with strong economic and demographic fundamentals. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply. This includes a portfolio of open-air shopping centers and mixed-use destinations—such as Santana Row, Pike & Rose and Assembly Row—which together reflect the company's ability to create distinctive, high-performing environments that serve as vibrant destinations for their communities. As of December 31, 2025, Federal Realty's 104 properties include approximately 3,700 tenants in 28.8 million commercial square feet, and approximately 2,700 residential units. Federal Realty has increased its quarterly dividends to its shareholders for 58 consecutive years, the longest record in the REIT industry. The company is an S&P 500 index member, and its shares are traded on the NYSE under the symbol FRT. Federal Realty Investment Trust was incorporated in 1962 in Maryland, USA.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus Mean price target
2. Current target Latest analyst target
3. DCF / Fair value Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$110.52
Low
$103.00
High
$133.00
Mean
$116.05

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-13 main Barclays Equal-Weight → Equal-Weight $107
2026-03-24 main Scotiabank Sector Outperform → Sector Outperform $118
2026-03-23 main Truist Securities Hold → Hold $112
2026-03-19 main Wells Fargo Overweight → Overweight $120
2026-03-02 main Barclays Equal-Weight → Equal-Weight $109
2026-02-17 main Evercore ISI Group In-Line → In-Line $107
2026-02-17 main Piper Sandler Overweight → Overweight $127
2026-02-13 main Stifel Hold → Hold $111
2026-01-14 main Scotiabank Sector Outperform → Sector Outperform $113
2025-12-18 up JP Morgan Neutral → Overweight $114
2025-12-16 up Jefferies Hold → Buy $115
2025-12-02 main Truist Securities Hold → Hold $109
2025-11-18 down Barclays Overweight → Equal-Weight $106
2025-11-03 main Evercore ISI Group In-Line → In-Line $105
2025-10-21 main Wells Fargo Overweight → Overweight $113
2025-10-17 main Evercore ISI Group In-Line → In-Line $106
2025-10-16 main Barclays Overweight → Overweight $113
2025-10-06 main Barclays Overweight → Overweight $112
2025-09-15 down Evercore ISI Group Outperform → In-Line $107
2025-08-28 main Scotiabank Sector Outperform → Sector Outperform $114
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-02-11 WOOD DONALD C. Chief Executive Officer 63,708 $0.00 $0
2026-02-11 BECKER DAWN M Officer 11,712 $0.00 $0
2026-02-11 GUGLIELMONE DANIEL Chief Financial Officer 17,947 $0.00 $0
2026-01-02 FAEDER DAVID W Director 1,091 $0.00 $0
2026-01-02 STEINEL GAIL PATRICIA Director 1,339 $0.00 $0
2026-01-02 NADER ANTHONY P III Director 1,339 $0.00 $0
2026-01-02 MCEACHIN THOMAS A Director 1,339 $0.00 $0
2026-01-02 HOLLAND ELIZABETH I Director 1,339 $0.00 $0
2026-01-02 LAMB-HALE NICOLE Director 1,339 $0.00 $0
2025-09-29 WOOD DONALD C. Chief Executive Officer 60,000 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
1,278.97
+6.36%
1,202.45
+6.21%
1,132.15
+5.38%
1,074.38
Operating Revenue
1,246.60
+6.44%
1,171.19
+6.23%
1,102.55
+5.12%
1,048.88
Cost Of Revenue
418.88
+6.91%
391.80
+7.91%
363.10
+1.77%
356.78
Reconciled Cost Of Revenue
418.88
+6.91%
391.80
+7.91%
363.10
+1.77%
356.78
Gross Profit
860.09
+6.10%
810.65
+5.41%
769.06
+7.17%
717.60
Operating Expense
400.58
+2.10%
392.34
+5.33%
372.47
+4.91%
355.05
Selling General And Administration
46.91
-5.68%
49.74
-1.91%
50.71
-3.66%
52.64
General And Administrative Expense
46.91
-5.68%
49.74
-1.91%
50.71
-3.66%
52.64
Other Gand A
46.91
-5.68%
49.74
-1.91%
50.71
-3.66%
52.64
Total Expenses
819.46
+4.51%
784.14
+6.60%
735.57
+3.33%
711.83
Operating Income
459.51
+9.85%
418.32
+5.48%
396.59
+9.39%
362.55
Total Operating Income As Reported
602.20
+27.49%
472.36
+16.21%
406.47
-22.78%
526.41
EBITDA
975.10
+18.57%
822.41
+11.62%
736.79
-11.77%
835.06
Normalized EBITDA
832.42
+8.34%
768.37
+5.70%
726.91
+8.30%
671.20
Reconciled Depreciation
367.84
+7.37%
342.60
+6.48%
321.76
+6.40%
302.41
EBIT
607.26
+26.56%
479.81
+15.61%
415.03
-22.08%
532.65
Total Unusual Items
142.69
+164.04%
54.04
+446.91%
9.88
-93.97%
163.86
Total Unusual Items Excluding Goodwill
142.69
+164.04%
54.04
+446.91%
9.88
-93.97%
163.86
Special Income Charges
-7.42
0.00
0.00
-100.00%
70.37
Impairment Of Capital Assets
7.42
0.00
0.00
0.00
Net Income
411.08
+39.25%
295.21
+24.57%
236.99
-38.52%
385.49
Pretax Income
423.65
+39.20%
304.33
+23.10%
247.22
-37.52%
395.66
Net Non Operating Interest Income Expense
-180.47
-5.43%
-171.18
-4.94%
-163.12
-20.02%
-135.92
Interest Expense Non Operating
183.61
+4.64%
175.48
+4.57%
167.81
+22.50%
136.99
Net Interest Income
-180.47
-5.43%
-171.18
-4.94%
-163.12
-20.02%
-135.92
Interest Expense
183.61
+4.64%
175.48
+4.57%
167.81
+22.50%
136.99
Interest Income Non Operating
3.14
-26.80%
4.29
-8.38%
4.69
+337.22%
1.07
Interest Income
3.14
-26.80%
4.29
-8.38%
4.69
+337.22%
1.07
Other Income Expense
144.61
+152.81%
57.20
+316.00%
13.75
-91.87%
169.03
Gain On Sale Of Security
150.11
+177.78%
54.04
+446.91%
9.88
-89.43%
93.48
Gain On Sale Of Business
0.00
0.00
-100.00%
70.37
Tax Rate For Calcs
0.00
+0.00%
0.00
+0.00%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
29.96
+164.04%
11.35
+446.91%
2.08
-93.97%
34.41
Net Income Including Noncontrolling Interests
423.65
+39.20%
304.33
+23.10%
247.22
-37.52%
395.66
Net Income From Continuing Operation Net Minority Interest
411.08
+39.25%
295.21
+24.57%
236.99
-38.52%
385.49
Net Income From Continuing And Discontinued Operation
411.08
+39.25%
295.21
+24.57%
236.99
-38.52%
385.49
Net Income Continuous Operations
423.65
+39.20%
304.33
+23.10%
247.22
-37.52%
395.66
Minority Interests
-12.57
-37.75%
-9.13
+10.81%
-10.23
-0.61%
-10.17
Normalized Income
298.36
+18.15%
252.52
+10.18%
229.18
-10.49%
256.04
Net Income Common Stockholders
401.70
+40.51%
285.89
+25.58%
227.67
-39.47%
376.13
Otherunder Preferred Stock Dividend
1.34
+4.60%
1.28
-0.23%
1.29
-3.16%
1.33
Diluted EPS
4.68
+36.84%
3.42
+22.14%
2.80
-40.55%
4.71
Basic EPS
4.68
+36.84%
3.42
+22.14%
2.80
-40.55%
4.71
Basic Average Shares
85.85
+2.74%
83.56
+2.76%
81.31
+1.83%
79.85
Diluted Average Shares
86.41
+3.40%
83.57
+2.77%
81.31
+1.00%
80.51
Diluted NI Availto Com Stockholders
404.16
+41.37%
285.89
+25.58%
227.67
-39.92%
378.94
Average Dilution Earnings
2.46
0.00
0.00
-100.00%
2.81
Depreciation Amortization Depletion Income Statement
367.84
+7.37%
342.60
+6.48%
321.76
+6.40%
302.41
Depreciation And Amortization In Income Statement
367.84
+7.37%
342.60
+6.48%
321.76
+6.40%
302.41
Earnings From Equity Interest
1.92
-39.24%
3.16
-18.33%
3.87
-25.16%
5.17
Other Taxes
-14.18
0.00
0.00
Preferred Stock Dividends
8.03
+0.00%
8.03
+0.00%
8.03
-0.02%
8.03
Rent Expense Supplemental
267.44
+7.16%
249.57
+7.73%
231.67
+1.18%
228.96
Line Item Trend 2023-12-31
Total Assets
8,436.51
Current Assets
461.75
Cash Cash Equivalents And Short Term Investments
250.82
Cash And Cash Equivalents
250.82
Receivables
210.93
Accounts Receivable
201.73
Prepaid Assets
Restricted Cash
Other Current Assets
Total Non Current Assets
7,974.76
Net PPE
93.84
Gross PPE
93.84
Other Properties
93.84
Investments And Advances
34.87
Long Term Equity Investment
34.87
Other Non Current Assets
263.38
Total Liabilities Net Minority Interest
5,210.99
Current Liabilities
297.83
Payables And Accrued Expenses
297.83
Payables
297.83
Accounts Payable
174.71
Other Payable
30.48
Dividends Payable
92.63
Total Non Current Liabilities Net Minority Interest
4,913.16
Long Term Debt And Capital Lease Obligation
4,687.72
Long Term Debt
4,599.18
Long Term Capital Lease Obligation
88.54
Other Non Current Liabilities
225.44
Preferred Securities Outside Stock Equity
Stockholders Equity
2,963.51
Common Stock Equity
2,803.69
Capital Stock
160.66
Common Stock
0.83
Preferred Stock
159.82
Share Issued
82.78
Ordinary Shares Number
82.78
Treasury Shares Number
0.00
Additional Paid In Capital
3,959.28
Retained Earnings
-1,160.47
Gains Losses Not Affecting Retained Earnings
4.05
Minority Interest
262.01
Other Equity Adjustments
4.05
Total Equity Gross Minority Interest
3,225.52
Total Capitalization
7,562.69
Working Capital
163.92
Invested Capital
7,402.86
Total Debt
4,687.72
Net Debt
4,348.35
Capital Lease Obligations
88.54
Net Tangible Assets
2,963.51
Tangible Book Value
2,803.69
Investment Properties
7,582.67
Investments In Other Ventures Under Equity Method
34.87
Line Of Credit
Notes Receivable
9.20
Preferred Shares Number
6.00
Preferred Stock Equity
159.82
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
622.38
+8.32%
574.56
+3.37%
555.83
+7.56%
516.77
Cash Flow From Continuing Operating Activities
622.38
+8.32%
574.56
+3.37%
555.83
+7.56%
516.77
Net Income From Continuing Operations
423.65
+39.20%
304.33
+23.10%
247.22
-37.52%
395.66
Depreciation Amortization Depletion
367.84
+7.37%
342.60
+6.48%
321.76
+6.40%
302.41
Depreciation
302.41
Depreciation And Amortization
367.84
+7.37%
342.60
+6.48%
321.76
+6.40%
302.41
Other Non Cash Items
-31.09
-7.24%
-28.99
-75.33%
-16.54
+28.54%
-23.14
Stock Based Compensation
14.61
-10.69%
16.36
+14.32%
14.31
+4.41%
13.70
Asset Impairment Charge
7.42
0.00
0.00
0.00
Deferred Tax
-14.18
0.00
0.00
Deferred Income Tax
-14.18
0.00
0.00
Operating Gains Losses
-152.03
-165.79%
-57.20
-316.00%
-13.75
+91.87%
-169.03
Gain Loss On Investment Securities
-150.11
-177.78%
-54.04
-446.91%
-9.88
+89.43%
-93.48
Change In Working Capital
6.15
+342.68%
-2.54
-189.67%
2.83
+199.54%
-2.84
Change In Receivables
2.42
+403.64%
-0.80
-122.95%
3.47
+128.73%
-12.07
Changes In Account Receivables
2.42
+403.64%
-0.80
-122.95%
3.47
+128.73%
-12.07
Change In Prepaid Assets
-4.77
+5.25%
-5.03
+26.90%
-6.88
-464.48%
-1.22
Change In Payables And Accrued Expense
5.59
+260.52%
1.55
-74.19%
6.00
+7698.70%
0.08
Change In Other Working Capital
10.37
Change In Other Current Liabilities
2.91
+67.32%
1.74
+640.85%
0.23
-97.73%
10.37
Investing Cash Flow
-743.07
-66.30%
-446.83
-24.70%
-358.32
+54.41%
-786.00
Cash Flow From Continuing Investing Activities
-743.07
-66.30%
-446.83
-24.70%
-358.32
+54.41%
-786.00
Capital Expenditure
-291.34
-18.07%
-246.76
+20.69%
-311.12
+25.34%
-416.70
Capital Expenditure Reported
-291.34
-18.07%
-246.76
+20.69%
-311.12
+25.34%
-416.70
Net Business Purchase And Sale
-0.70
0.00
0.00
+100.00%
-27.35
Purchase Of Business
-0.70
0.00
0.00
+100.00%
-27.35
Gain Loss On Sale Of Business
0.00
0.00
+100.00%
-70.37
Net Other Investing Changes
-25.50
+17.25%
-30.81
-23.79%
-24.89
+43.48%
-44.04
Financing Cash Flow
102.95
+140.81%
-252.30
-645.36%
-33.85
-117.78%
190.41
Cash Flow From Continuing Financing Activities
102.95
+140.81%
-252.30
-645.36%
-33.85
-117.78%
190.41
Net Issuance Payments Of Debt
460.00
+446.15%
-132.89
-162.84%
211.46
-24.24%
279.12
Issuance Of Debt
467.66
-0.82%
471.51
-13.47%
544.93
+82.52%
298.57
Repayment Of Debt
-7.66
+98.73%
-604.40
-81.24%
-333.47
-1615.13%
-19.44
Long Term Debt Issuance
467.66
-0.82%
471.51
-13.47%
544.93
+82.52%
298.57
Long Term Debt Payments
-7.66
+98.73%
-604.40
-81.24%
-333.47
-1615.13%
-19.44
Net Long Term Debt Issuance
460.00
+446.15%
-132.89
-162.84%
211.46
-24.24%
279.12
Net Common Stock Issuance
49.55
-83.33%
297.34
+134.35%
126.88
-58.04%
302.38
Common Stock Payments
-4.91
+26.80%
-6.71
-33.67%
-5.02
-2.43%
-4.90
Cash Dividends Paid
-388.06
-4.43%
-371.59
-3.45%
-359.19
-3.43%
-347.28
Repurchase Of Capital Stock
-4.91
+26.80%
-6.71
-33.67%
-5.02
-2.43%
-4.90
Net Other Financing Charges
-18.54
+58.94%
-45.16
-247.52%
-12.99
+70.33%
-43.80
Changes In Cash
-17.74
+85.76%
-124.56
-176.11%
163.66
+307.65%
-78.81
Beginning Cash Position
135.44
-47.91%
260.00
+169.86%
96.35
-45.00%
175.16
End Cash Position
117.71
-13.10%
135.44
-47.91%
260.00
+169.86%
96.35
Free Cash Flow
331.04
+0.99%
327.80
+33.96%
244.71
+144.54%
100.07
Interest Paid Supplemental Data
171.94
+1.54%
169.33
+6.64%
158.80
+21.30%
130.91
Income Tax Paid Supplemental Data
0.37
+108.47%
0.18
-37.68%
0.28
-54.49%
0.62
Common Stock Issuance
54.47
-82.09%
304.05
+130.52%
131.90
-57.08%
307.27
Dividends Received CFI
4.11
-13.35%
4.74
-51.91%
9.86
+43.65%
6.86
Earnings Losses From Equity Investments
-1.92
+39.24%
-3.16
+18.33%
-3.87
+25.16%
-5.17
Issuance Of Capital Stock
54.47
-82.09%
304.05
+130.52%
131.90
-57.08%
307.27
Net Investment Properties Purchase And Sale
-429.65
-146.92%
-174.00
-440.76%
-32.18
+89.44%
-304.78
Purchase Of Investment Properties
-735.27
-168.42%
-273.93
-351.82%
-60.63
+86.17%
-438.49
Sale Of Investment Properties
305.63
+205.85%
99.93
+251.23%
28.45
-78.72%
133.72
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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