Federal Realty Investment Trust (FRT)
Real Estate · REIT - Retail · NYSE
Federal Realty Investment Trust revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $801.59M | $857.35M | $915.44M | $935.79M | $835.49M | $951.22M | $1.07B | $1.13B | $1.20B | $1.28B |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $249.91M | $289.91M | $241.91M | $353.87M | $131.71M | $261.50M | $377.46M | $228.95M | $287.18M | $403.05M |
| Net margin | 31.2% | 33.8% | 26.4% | 37.8% | 15.8% | 27.5% | 35.2% | 20.2% | 23.9% | 31.5% |
Source: Federal Realty Investment Trust SEC filings (10-K). 18 years of history available in the interactive view.
What growth is priced into FRT stock?
At today's market cap of $10.82B, Federal Realty Investment Trust is priced for free-cash-flow growth of about 12.5% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $379.08M from the FY ending 2019-12-31). For comparison, free cash flow actually grew 4.8%/yr over the last five fiscal years and revenue 8.9%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 18 years of Federal Realty Investment Trust financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freeOr start a 7-day free trial to track FRT in your portfolio →
Federal Realty Investment Trust financial history by metric
About Federal Realty Investment Trust
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 destinationssuch as Santana Row, Pike & Rose and Assembly Rowwhich 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 and is based in North Bethesda, United States.
Federal Realty Investment Trust — frequently asked questions
What is Federal Realty Investment Trust's revenue?
Federal Realty Investment Trust (FRT) reported revenue of $1.28B for fiscal year 2025, up 6.4% from the prior year, according to its SEC filings.
Is Federal Realty Investment Trust profitable?
Yes. FRT earned net income of $403.05M in fiscal 2025, a net margin of 31.5%.
What is FRT's P/E ratio?
Federal Realty Investment Trust trades at a price-to-earnings ratio of about 21.5 based on the latest data in our nightly-refreshed cache.
How fast is Federal Realty Investment Trust growing?
FRT's revenue grew at roughly 8.9% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Federal Realty Investment Trust have?
As of fiscal year 2025, FRT carried roughly $4.96B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Federal Realty Investment Trust's market cap?
Federal Realty Investment Trust (FRT) has a market capitalization of about $10.82B, based on the latest data in our nightly-refreshed cache.
When does Federal Realty Investment Trust's fiscal year end?
FRT's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into FRT stock?
At today's market cap of $10.82B, Federal Realty Investment Trust is priced for free-cash-flow growth of about 12.5% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $379.08M from the FY ending 2019-12-31). For comparison, free cash flow actually grew 4.8%/yr over the last five fiscal years and revenue 8.9%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Federal Realty Investment Trust's official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.