Federal Realty Investment Trust (FRT) Financials

$95.14 +2.58 (+2.79%)

Closing price 05/27/2025 03:59 PM Eastern

Extended Trading

$95.12 -0.02 (-0.02%)

As of 05/27/2025 06:39 PM Eastern

Annual Income Statements for Federal Realty Investment Trust

This table shows Federal Realty Investment Trust's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	287	229	377	253	124	346	234	287	249	210
Consolidated Net Income / (Loss)	304	247	396	269	136	361	249	298	259	218
Net Income / (Loss) Continuing Operations	273	218	370	269	136	361	249	298	226	190
Total Pre-Tax Income	273	218	370	268	144	363	252	298	226	190
Total Operating Income	472	406	526	395	290	471	362	410	321	300
Total Gross Profit	1,171	1,103	1,049	951	835	936	915	857	802	744
Total Revenue	1,202	1,132	1,074	951	835	936	915	857	802	744
Operating Revenue	1,171	1,103	1,049	951	835	936	915	857	802	732
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	730	726	548	556	546	465	554	447	481	444
Selling, General & Admin Expense	299	282	282	248	213	231	207	201	192	183
Depreciation Expense	343	322	302	280	255	240	244	216	194	175
Other Operating Expenses / (Income)	88	122	34	29	119	111	115	30	95	86
Restructuring Charge	0.00	0.00	-70	0.00	-	-	-	-	-	-
Total Other Income / (Expense), net	-168	-159	-131	-127	-146	-108	-109	-112	-95	-110
Interest Expense	175	168	137	128	147	110	110	112	95	112
Interest & Investment Income	7.45	8.56	6.24	0.81	1.89	1.27	0.94	0.48	0.37	1.57
Preferred Stock Dividends Declared	8.03	8.03	8.03	8.04	8.04	8.04	8.04	2.46	0.54	0.54
Net Income / (Loss) Attributable to Noncontrolling Interest	9.13	10	10	7.58	4.18	6.68	7.12	7.96	8.97	8.21
Basic Earnings per Share	$3.42	$2.80	$4.71	$3.26	$1.62	$4.61	$3.18	$3.97	$3.51	$3.04
Weighted Average Basic Shares Outstanding	83.56M	81.31M	79.85M	77.34M	75.52M	74.77M	73.27M	72.12M	70.88M	68.80M
Diluted Earnings per Share	$3.42	$2.80	$4.71	$3.26	$1.62	$4.61	$3.18	$3.97	$3.50	$3.03
Weighted Average Diluted Shares Outstanding	83.57M	81.31M	80.51M	77.37M	75.52M	74.77M	73.30M	72.23M	71.05M	68.98M
Weighted Average Basic & Diluted Shares Outstanding	85.68M	82.99M	-	157.23M	153.50M	74.77M	73.30M	72.12M	70.88M	68.80M
Cash Dividends to Common per Share	$4.37	$4.33	$4.29	$4.25	$4.21	$4.11	$4.02	$3.94	$3.80	$3.55

This table shows Federal Realty Investment Trust's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	62	64	59	110	55	62	55	58	53	114	154
Consolidated Net Income / (Loss)	67	68	63	115	58	67	59	63	58	118	159
Net Income / (Loss) Continuing Operations	67	37	63	115	58	37	59	63	58	92	159
Total Pre-Tax Income	66	39	63	114	58	41	58	61	57	95	159
Total Operating Income	108	109	106	157	100	109	100	102	96	155	192
Total Gross Profit	309	280	304	296	291	262	287	281	273	255	273
Total Revenue	309	311	304	296	291	292	287	281	273	280	273
Operating Revenue	309	280	304	296	291	262	287	281	273	255	273
Total Cost of Revenue	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Operating Expenses	201	202	198	139	191	183	187	179	177	125	82
Selling, General & Admin Expense	79	80	75	71	74	75	72	68	68	76	72
Depreciation Expense	87	87	87	85	83	82	82	79	79	79	77
Other Operating Expenses / (Income)	35	35	36	-17	34	25	33	32	31	-31	3.08
Total Other Income / (Expense), net	-42	-39	-43	-43	-42	-38	-42	-40	-39	-34	-33
Interest Expense	42	43	44	44	44	43	43	43	39	38	35
Interest & Investment Income	0.74	3.94	0.98	1.05	1.48	4.78	0.72	2.42	0.63	3.88	2.11
Other Gains / (Losses), net	0.18	-	0.89	0.91	0.03	-	1.31	1.67	0.52	-	-
Preferred Stock Dividends Declared	4.02	2.01	2.01	2.01	2.01	2.01	2.01	2.01	2.01	2.01	2.01
Net Income / (Loss) Attributable to Noncontrolling Interest	2.81	2.67	2.51	2.67	1.28	2.99	2.34	2.51	2.40	2.00	2.64
Basic Earnings per Share	$0.72	$0.74	$0.70	$1.32	$0.66	$0.76	$0.67	$0.72	$0.65	$1.43	$1.90
Weighted Average Basic Shares Outstanding	170.94M	83.56M	83.99M	82.93M	82.61M	81.31M	81.27M	81.21M	81.14M	79.85M	80.77M
Diluted Earnings per Share	$0.72	$0.74	$0.70	$1.32	$0.66	$0.76	$0.67	$0.72	$0.65	$1.44	$1.89
Weighted Average Diluted Shares Outstanding	85.47M	83.57M	83.99M	83.56M	82.61M	81.31M	81.27M	81.21M	81.14M	80.51M	81.51M
Weighted Average Basic & Diluted Shares Outstanding	86.26M	85.68M	84.96M	83.67M	82.95M	82.99M	81.62M	81.52M	81.52M	0.00	81.21M
Cash Dividends to Common per Share	$1.10	-	$1.10	$1.09	$1.09	-	$1.09	$1.08	$1.08	-	$1.08

This table details how cash moves in and out of Federal Realty Investment Trust's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-192	-64	-119	-642	663	45	83	-9.65	6.29	-27
Net Cash From Operating Activities	575	556	517	471	370	462	517	459	428	369
Net Cash From Continuing Operating Activities	575	556	517	471	370	462	517	459	428	369
Net Income / (Loss) Continuing Operations	304	247	396	269	136	361	249	298	259	218
Consolidated Net Income / (Loss)	304	247	396	269	136	361	249	298	259	218
Depreciation Expense	343	322	302	280	255	240	244	216	194	175
Non-Cash Adjustments To Reconcile Net Income	-70	-16	-178	-91	-16	-114	-4.37	-68	-32	-11
Changes in Operating Assets and Liabilities, net	-2.54	2.83	-2.84	13	-5.47	-24	28	13	7.24	-13
Net Cash From Investing Activities	-447	-358	-786	-660	-368	-317	-192	-838	-590	-354
Net Cash From Continuing Investing Activities	-447	-358	-786	-660	-368	-317	-192	-838	-590	-354
Purchase of Property, Plant & Equipment	-521	-61	-855	-441	-512	-614	-368	-519	-437	-283
Purchase of Investments	0.00	0.00	-23	-370	-3.35	-1.05	-15	-438	-150	-157
Divestitures	0.00	-	-4.19	-	-	-	-	-	-	-
Other Investing Activities, net	74	-298	97	9.14	-37	-23	-25	-18	-6.67	-12
Net Cash From Financing Activities	-252	-34	190	-453	662	-100	-241	369	169	-42
Net Cash From Continuing Financing Activities	-320	-261	150	-453	662	-100	-241	369	169	-42
Repayment of Debt	-604	-333	273	-278	513	-305	-17	-218	-50	-401
Payment of Dividends	-770	-732	-732	-345	-345	-334	-316	-298	-292	-243
Issuance of Debt	472	545	0.00	0.00	399	400	-41	613	185	510
Issuance of Common Equity	609	133	615	173	99	143	134	132	330	111
Other Financing Activities, net	-26	127	-4.90	-3.00	-4.05	-4.63	-0.96	-4.23	-4.45	-9.21

This table details how cash moves in and out of Federal Realty Investment Trust's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-13	16	51	-104	-155	-70	0.04	79	-72	-102	-36
Net Cash From Operating Activities	179	120	144	170	141	113	151	149	143	107	149
Net Cash From Continuing Operating Activities	180	120	144	170	141	111	151	151	143	107	149
Net Income / (Loss) Continuing Operations	67	68	63	115	58	67	59	63	58	118	159
Consolidated Net Income / (Loss)	67	68	63	115	58	67	59	63	58	118	159
Depreciation Expense	87	87	87	85	83	82	82	79	79	79	77
Non-Cash Adjustments To Reconcile Net Income	-4.13	-8.92	-3.66	-55	-2.08	-11	-2.79	-0.49	-1.88	-66	-104
Changes in Operating Assets and Liabilities, net	31	-27	-2.75	25	1.82	-28	13	9.49	8.52	-24	17
Net Cash From Investing Activities	-182	-71	-123	-186	-67	-70	-84	-103	-101	-116	-370
Net Cash From Continuing Investing Activities	-182	-71	-123	-186	-67	-70	-84	-103	-101	-116	-370
Purchase of Property, Plant & Equipment	-59	-64	-118	-274	-64	175	-80	-44	-112	-141	-519
Purchase of Investments	-120	-	-	-	0.00	60	-	-	-	-23	100
Sale and/or Maturity of Investments	4.50	-	-	-	1.45	-	1.75	-	-	-	-
Other Investing Activities, net	-6.83	-7.02	-4.47	90	-4.65	-283	-5.87	-20	11	48	58
Net Cash From Financing Activities	-10	-18	-29	25	-229	114	-66	-50	-31	-54	185
Net Cash From Continuing Financing Activities	-5.20	-32	29	-108	-209	-114	-65	33	-114	-94	185
Repayment of Debt	-2.01	-1.74	-1.02	-0.82	-601	-56	-0.89	-276	-0.82	291	-0.85
Payment of Dividends	-99	-193	-190	-292	-95	-454	-94	-3.20	-181	-440	-114
Issuance of Debt	45	-	-82	69	484	149	19	317	60	-267	267
Issuance of Common Equity	56	386	81	136	7.04	115	11	0.93	6.25	322	33
Other Financing Activities, net	-4.61	-0.84	-0.29	-20	-4.61	132	-0.27	-0.07	-4.65	-0.01	-0.25

This table presents Federal Realty Investment Trust's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	8,525	8,437	8,234	7,622	7,608	6,795	6,290	6,276	5,423	4,897
Total Current Assets	639	716	551	568	1,177	507	472	463	349	323
Cash & Equivalents	123	251	86	162	798	127	64	15	23	21
Accounts Receivable	229	202	198	169	160	153	142	210	117	110
Prepaid Expenses	286	263	267	237	219	227	266	238	209	192
Plant, Property, & Equipment, net	7,751	7,583	7,389	6,891	6,225	6,083	5,760	5,759	5,030	4,490
Plant, Property & Equipment, gross	10,904	10,546	10,104	9,422	8,583	8,298	7,819	7,635	6,759	6,064
Accumulated Depreciation	3,153	2,964	2,716	2,531	2,358	2,215	2,059	1,877	1,729	1,574
Total Noncurrent Assets	135	138	295	163	205	205	57	54	45	83
Long-Term Investments	33	35	145	13	22	29	27	24	15	42
Noncurrent Note & Lease Receivables	16	16	55	59	91	83	30	30	30	42
Other Noncurrent Operating Assets	86	87	95	91	92	94	0.00	-	-	-
Total Liabilities & Shareholders' Equity	8,525	8,437	8,234	7,622	7,608	6,795	6,290	6,276	5,423	4,897
Total Liabilities	5,100	5,211	5,022	4,745	4,921	4,019	3,686	3,743	3,204	2,977
Total Current Liabilities	280	267	281	322	312	337	256	272	273	213
Accounts Payable	184	175	190	235	229	256	178	196	202	147
Dividends Payable	97	93	90	87	84	82	78	76	71	66
Total Noncurrent Liabilities	4,820	4,944	4,741	4,424	4,609	3,682	3,430	3,471	2,931	2,764
Long-Term Debt	4,474	4,599	4,329	4,048	4,291	3,357	3,158	3,213	2,727	2,556
Noncurrent Deferred Revenue	228	225	238	206	152	158	183	169	116	122
Other Noncurrent Operating Liabilities	119	119	174	170	165	167	18	17	16	15
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	180	183	178	214	138	140	136	141	144	137
Total Equity & Noncontrolling Interests	3,244	3,042	3,034	2,663	2,549	2,636	2,467	2,392	2,076	1,782
Total Preferred & Common Equity	3,172	2,964	2,954	2,581	2,464	2,535	2,346	2,267	1,977	1,664
Preferred Stock	160	160	160	160	160	160	160	160	10.00	-
Total Common Equity	3,012	2,804	2,794	2,421	2,304	2,375	2,186	2,107	1,967	1,654
Common Stock	4,250	3,960	3,823	3,490	3,298	3,167	3,005	2,856	2,719	2,383
Accumulated Other Comprehensive Income / (Loss)	4.74	4.05	5.76	-2.05	-5.64	-0.81	-0.42	0.02	-2.58	-4.11
Other Equity Adjustments	-1,243	-1,160	-1,034	-1,067	-988	-791	-819	-749	-750	-725
Noncontrolling Interest	73	79	80	83	85	101	121	125	99	118

This table presents Federal Realty Investment Trust's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	8,622	8,525	8,479	8,421	8,272	8,437	8,294	8,279	8,269	8,234	8,217
Total Current Assets	626	639	580	563	563	716	550	541	557	551	600
Cash & Equivalents	109	123	97	103	96	251	98	98	99	86	146
Accounts Receivable	220	229	207	195	208	202	192	196	201	198	187
Prepaid Expenses	297	286	276	265	259	263	260	247	257	267	266
Plant, Property, & Equipment, net	7,862	7,751	7,764	7,721	7,573	7,583	7,567	7,561	7,425	7,389	7,344
Plant, Property & Equipment, gross	11,082	10,904	10,880	10,776	10,605	10,546	10,469	10,400	10,197	10,104	10,005
Accumulated Depreciation	3,220	3,153	3,116	3,055	3,032	2,964	2,902	2,840	2,771	2,716	2,661
Total Noncurrent Assets	134	135	135	137	136	138	177	177	287	295	273
Long-Term Investments	33	33	33	34	34	35	35	35	143	145	123
Noncurrent Note & Lease Receivables	16	16	16	16	16	16	54	54	55	55	55
Other Noncurrent Operating Assets	85	86	86	87	86	87	88	88	89	95	95
Total Liabilities & Shareholders' Equity	8,622	8,525	8,479	8,421	8,272	8,437	8,294	8,279	8,269	8,234	8,217
Total Liabilities	5,176	5,100	5,113	5,168	5,093	5,211	5,156	5,120	5,087	5,022	5,049
Total Current Liabilities	295	280	297	270	278	267	301	277	287	281	336
Accounts Payable	197	184	201	177	186	175	210	187	196	190	246
Dividends Payable	97	97	96	93	93	93	91	90	90	90	90
Total Noncurrent Liabilities	4,882	4,820	4,816	4,898	4,814	4,944	4,855	4,843	4,800	4,741	4,714
Long-Term Debt	4,513	4,474	4,473	4,554	4,483	4,599	4,451	4,432	4,389	4,329	4,297
Noncurrent Deferred Revenue	247	228	225	225	213	225	230	237	237	238	243
Other Noncurrent Operating Liabilities	121	119	118	118	118	119	174	174	173	174	174
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	181	180	181	183	183	183	177	178	178	178	186
Total Equity & Noncontrolling Interests	3,264	3,244	3,186	3,071	2,996	3,042	2,961	2,980	3,004	3,034	2,982
Total Preferred & Common Equity	3,192	3,172	3,111	2,996	2,918	2,964	2,882	2,901	2,925	2,954	2,901
Preferred Stock	160	160	160	160	160	160	160	160	160	160	160
Total Common Equity	3,032	3,012	2,952	2,836	2,758	2,804	2,722	2,741	2,765	2,794	2,741
Common Stock	4,304	4,250	4,161	4,006	3,948	3,960	3,848	3,834	3,830	3,823	3,795
Accumulated Other Comprehensive Income / (Loss)	3.60	4.74	2.17	7.04	6.90	4.05	6.77	5.50	4.55	5.76	6.08
Other Equity Adjustments	-1,276	-1,243	-1,212	-1,177	-1,196	-1,160	-1,132	-1,098	-1,069	-1,034	-1,060
Noncontrolling Interest	72	73	74	75	78	79	79	80	79	80	81

This table displays calculated financial ratios and metrics derived from Federal Realty Investment Trust's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.21%	5.38%	12.95%	13.85%	-10.72%	2.22%	6.78%	6.96%	7.74%	8.44%
EBITDA Growth	11.91%	-12.14%	22.84%	23.90%	-23.37%	17.30%	-3.25%	21.69%	8.35%	7.49%
EBIT Growth	16.21%	-22.78%	33.36%	36.34%	-38.52%	30.22%	-11.84%	27.77%	6.96%	10.74%
NOPAT Growth	16.21%	-22.78%	33.36%	36.34%	-38.52%	30.22%	-11.84%	27.79%	6.94%	10.74%
Net Income Growth	23.10%	-37.52%	47.04%	98.02%	-62.31%	44.78%	-16.40%	15.06%	18.52%	26.78%
EPS Growth	22.14%	-40.55%	44.48%	101.23%	-64.86%	44.97%	-19.90%	13.43%	15.51%	25.73%
Operating Cash Flow Growth	3.37%	7.56%	9.64%	27.42%	-19.91%	-10.60%	12.61%	7.29%	15.89%	6.62%
Free Cash Flow Firm Growth	51.07%	550.55%	80.44%	-287.77%	-54.28%	-41.20%	200.77%	-118.26%	-236.06%	44.61%
Invested Capital Growth	2.70%	3.11%	8.27%	9.53%	3.02%	4.09%	-0.58%	15.90%	11.01%	8.43%
Revenue Q/Q Growth	1.66%	1.05%	2.47%	3.78%	-2.30%	0.40%	1.26%	2.37%	1.47%	2.22%
EBITDA Q/Q Growth	0.65%	-5.58%	1.09%	2.73%	-3.79%	13.74%	-9.78%	15.82%	1.91%	1.56%
EBIT Q/Q Growth	0.11%	-10.23%	1.47%	-1.08%	-7.78%	24.08%	-17.41%	23.33%	2.43%	1.45%
NOPAT Q/Q Growth	0.11%	-10.23%	1.47%	-1.08%	-7.78%	24.08%	-17.41%	23.33%	2.41%	1.45%
Net Income Q/Q Growth	0.37%	-16.99%	0.24%	5.71%	-25.60%	34.55%	1.47%	-2.28%	-3.82%	17.62%
EPS Q/Q Growth	-0.58%	-19.54%	-0.21%	7.59%	-30.77%	36.39%	1.27%	-3.17%	-4.89%	18.36%
Operating Cash Flow Q/Q Growth	1.23%	0.93%	0.42%	0.81%	-4.17%	-6.92%	6.74%	-3.15%	6.57%	0.99%
Free Cash Flow Firm Q/Q Growth	25.12%	-8.56%	-174.21%	-8.32%	275.06%	-34.99%	5.90%	17.76%	13.62%	-681.40%
Invested Capital Q/Q Growth	0.42%	1.14%	1.59%	0.24%	0.08%	3.36%	-0.34%	1.36%	1.73%	2.40%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	97.40%	97.39%	97.63%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	67.77%	64.32%	77.14%	70.93%	65.18%	75.94%	66.19%	73.05%	64.20%	63.84%
Operating Margin	39.28%	35.90%	49.00%	41.50%	34.65%	50.32%	39.50%	47.85%	40.04%	40.34%
EBIT Margin	39.28%	35.90%	49.00%	41.50%	34.65%	50.32%	39.50%	47.85%	40.05%	40.34%
Profit (Net Income) Margin	25.31%	21.84%	36.83%	28.29%	16.26%	38.53%	27.20%	34.74%	32.30%	29.36%
Tax Burden Percent	111.45%	113.60%	106.89%	100.46%	94.40%	99.45%	98.65%	99.86%	114.34%	114.90%
Interest Burden Percent	57.81%	53.54%	70.32%	67.85%	49.72%	76.99%	69.80%	72.72%	70.53%	63.33%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	6.11%	5.41%	7.39%	6.04%	4.71%	7.93%	6.20%	7.52%	6.69%	6.86%
ROIC Less NNEP Spread (ROIC-NNEP)	2.30%	1.70%	4.19%	2.69%	0.21%	4.53%	2.75%	3.87%	4.41%	3.60%
Return on Net Nonoperating Assets (RNNOA)	3.05%	2.27%	5.60%	3.64%	0.27%	5.48%	3.50%	5.01%	5.82%	4.85%
Return on Equity (ROE)	9.15%	7.68%	13.00%	19.35%	4.98%	13.40%	9.70%	12.54%	12.51%	11.71%
Cash Return on Invested Capital (CROIC)	3.44%	2.34%	-0.55%	-3.06%	1.73%	3.92%	6.78%	-7.20%	-3.75%	-1.22%
Operating Return on Assets (OROA)	5.57%	4.88%	6.64%	5.18%	4.02%	7.20%	5.76%	7.01%	6.22%	6.36%
Return on Assets (ROA)	3.59%	2.97%	4.99%	3.53%	1.89%	5.51%	3.96%	5.09%	5.02%	4.63%
Return on Common Equity (ROCE)	8.00%	6.68%	11.13%	8.22%	4.26%	11.37%	8.10%	10.75%	10.94%	10.19%
Return on Equity Simple (ROE_SIMPLE)	9.60%	8.34%	13.39%	10.43%	5.51%	14.22%	10.62%	13.14%	13.10%	13.13%
Net Operating Profit after Tax (NOPAT)	472	406	526	395	290	471	362	410	321	300
NOPAT Margin	39.28%	35.90%	49.00%	41.50%	34.65%	50.32%	39.50%	47.85%	40.04%	40.34%
Net Nonoperating Expense Percent (NNEP)	3.81%	3.71%	3.21%	3.34%	4.49%	3.40%	3.44%	3.65%	2.27%	3.26%
Return On Investment Capital (ROIC_SIMPLE)	6.12%	5.32%	7.15%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	24.89%	24.94%	26.21%	26.07%	25.45%	24.64%	22.58%	23.46%	23.92%	24.63%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	60.72%	64.10%	51.00%	58.50%	65.35%	49.68%	60.50%	52.15%	59.96%	59.66%
Earnings before Interest and Taxes (EBIT)	472	406	526	395	290	471	362	410	321	300
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	815	728	829	675	545	711	606	626	515	475
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.13	2.88	2.70	3.93	2.42	3.38	3.19	3.54	3.89	4.49
Price to Tangible Book Value (P/TBV)	3.13	2.88	2.70	3.93	2.42	3.38	3.19	3.54	3.89	4.49
Price to Revenue (P/Rev)	7.83	7.13	7.02	10.01	6.68	8.58	7.63	8.70	9.55	9.98
Price to Earnings (P/E)	32.80	35.26	19.97	37.56	45.11	23.22	29.85	25.96	30.71	35.40
Dividend Yield	3.94%	4.39%	4.63%	3.48%	5.72%	3.89%	4.27%	3.85%	3.60%	3.39%
Earnings Yield	3.05%	2.84%	5.01%	2.66%	2.22%	4.31%	3.35%	3.85%	3.26%	2.83%
Enterprise Value to Invested Capital (EV/IC)	1.81	1.68	1.63	2.03	1.51	1.92	1.81	1.90	2.11	2.25
Enterprise Value to Revenue (EV/Rev)	11.77	11.31	11.22	14.56	11.29	12.43	11.51	12.99	13.31	13.77
Enterprise Value to EBITDA (EV/EBITDA)	17.36	17.59	14.55	20.53	17.32	16.37	17.39	17.78	20.74	21.57
Enterprise Value to EBIT (EV/EBIT)	29.95	31.51	22.90	35.09	32.58	24.70	29.14	27.14	33.24	34.12
Enterprise Value to NOPAT (EV/NOPAT)	29.95	31.51	22.90	35.09	32.58	24.70	29.14	27.14	33.24	34.12
Enterprise Value to Operating Cash Flow (EV/OCF)	24.62	23.04	23.33	29.38	25.50	25.18	20.39	24.26	24.95	27.75
Enterprise Value to Free Cash Flow (EV/FCFF)	53.18	72.73	0.00	0.00	88.62	49.97	26.62	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.31	1.43	1.35	1.41	1.60	1.21	1.24	1.30	1.26	1.37
Long-Term Debt to Equity	1.31	1.43	1.35	1.41	1.60	1.21	1.24	1.30	1.26	1.37
Financial Leverage	1.33	1.34	1.34	1.35	1.25	1.21	1.27	1.29	1.32	1.34
Leverage Ratio	2.55	2.59	2.60	2.74	2.64	2.43	2.45	2.46	2.49	2.53
Compound Leverage Factor	1.47	1.39	1.83	1.86	1.31	1.87	1.71	1.79	1.76	1.60
Debt to Total Capital	56.64%	58.78%	57.41%	58.45%	61.50%	54.73%	55.36%	56.46%	55.77%	57.79%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	56.64%	58.78%	57.41%	58.45%	61.50%	54.73%	55.36%	56.46%	55.77%	57.79%
Preferred Equity to Total Capital	2.02%	2.04%	2.12%	2.31%	2.29%	2.61%	2.74%	2.75%	0.20%	0.00%
Noncontrolling Interests to Total Capital	3.20%	3.35%	3.43%	4.28%	3.19%	3.92%	4.42%	4.57%	4.84%	5.62%
Common Equity to Total Capital	38.13%	35.83%	37.05%	34.96%	33.02%	38.73%	37.48%	36.21%	39.19%	36.37%
Debt to EBITDA	5.49	6.32	5.22	6.00	7.88	4.72	5.33	5.25	5.44	5.53
Net Debt to EBITDA	5.30	5.92	4.95	5.74	6.37	4.50	5.18	5.18	5.36	5.40
Long-Term Debt to EBITDA	5.49	6.32	5.22	12.00	7.88	4.72	5.33	5.25	5.44	5.53
Debt to NOPAT	9.47	11.31	8.22	10.25	14.82	7.13	8.93	8.01	8.72	8.75
Net Debt to NOPAT	9.14	10.61	7.79	9.81	11.99	6.80	8.68	7.91	8.60	8.54
Long-Term Debt to NOPAT	9.47	11.31	8.22	10.25	14.82	7.13	8.93	8.01	8.72	8.75
Altman Z-Score	1.48	1.29	1.28	1.54	1.05	1.60	1.51	1.58	1.79	1.88
Noncontrolling Interest Sharing Ratio	12.55%	13.05%	14.36%	15.07%	14.33%	15.21%	16.42%	14.28%	12.52%	12.94%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.28	2.68	1.96	1.77	3.77	1.50	1.84	1.70	1.28	1.52
Quick Ratio	1.26	1.69	1.01	1.03	3.07	0.83	0.81	0.83	0.51	0.62
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	266	176	-39	-200	106	233	396	-393	-180	-54
Operating Cash Flow to CapEx	110.35%	916.79%	60.43%	107.00%	112.76%	157.96%	140.31%	88.42%	97.80%	199.36%
Free Cash Flow to Firm to Interest Expense	1.52	1.05	-0.29	-1.56	0.72	2.12	3.59	-3.50	-1.89	-0.48
Operating Cash Flow to Interest Expense	3.27	3.31	3.77	3.69	2.51	4.21	4.69	4.08	4.50	3.31
Operating Cash Flow Less CapEx to Interest Expense	0.31	2.95	-2.47	0.24	0.28	1.55	1.35	-0.53	-0.10	1.65
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.14	0.14	0.14	0.12	0.12	0.14	0.15	0.15	0.16	0.16
Accounts Receivable Turnover	5.58	5.67	5.86	5.79	5.35	6.35	5.20	5.25	7.06	7.31
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.16	0.15	0.15	0.15	0.14	0.16	0.16	0.16	0.17	0.17
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	65.39	64.38	62.28	63.08	68.23	57.49	70.20	69.53	51.72	49.96
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	65.39	64.38	62.28	63.08	68.23	57.49	70.20	69.53	51.72	49.96
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	7,838	7,632	7,401	6,836	6,241	6,058	5,820	5,854	5,051	4,550
Invested Capital Turnover	0.16	0.15	0.15	0.15	0.14	0.16	0.16	0.16	0.17	0.17
Increase / (Decrease) in Invested Capital	206	230	565	595	183	238	-34	803	501	354
Enterprise Value (EV)	14,148	12,809	12,055	13,849	9,432	11,633	10,537	11,133	10,671	10,242
Market Capitalization	9,418	8,073	7,539	9,521	5,579	8,032	6,981	7,461	7,658	7,422
Book Value per Share	$35.45	$34.35	$34.41	$31.12	$30.46	$31.45	$29.59	$29.04	$27.40	$23.82
Tangible Book Value per Share	$35.45	$34.35	$34.41	$31.12	$30.46	$31.45	$29.59	$29.04	$27.40	$23.82
Total Capital	7,898	7,825	7,542	6,924	6,978	6,132	5,833	5,817	5,018	4,546
Total Debt	4,474	4,599	4,329	4,048	4,291	3,357	3,229	3,285	2,798	2,627
Total Long-Term Debt	4,474	4,599	4,329	4,048	4,291	3,357	3,229	3,285	2,798	2,627
Net Debt	4,317	4,313	4,099	3,872	3,471	3,201	3,138	3,246	2,760	2,565
Capital Expenditures (CapEx)	521	61	855	441	328	292	368	519	437	185
Debt-free, Cash-free Net Working Capital (DFCFNWC)	235	198	184	84	66	42	152	175	52	89
Debt-free Net Working Capital (DFNWC)	358	449	270	247	865	170	216	191	75	110
Net Working Capital (NWC)	358	449	270	247	865	170	216	191	75	110
Net Nonoperating Expense (NNE)	168	159	131	126	154	110	113	112	62	82
Net Nonoperating Obligations (NNO)	4,414	4,406	4,189	3,959	3,555	3,282	3,216	3,322	2,832	2,631
Total Depreciation and Amortization (D&A)	343	322	302	280	255	240	244	216	194	175
Debt-free, Cash-free Net Working Capital to Revenue	19.55%	17.47%	17.17%	8.87%	7.93%	4.54%	16.58%	20.46%	6.50%	11.98%
Debt-free Net Working Capital to Revenue	29.81%	39.62%	25.13%	25.91%	103.48%	18.15%	23.58%	22.23%	9.42%	14.81%
Net Working Capital to Revenue	29.81%	39.62%	25.13%	25.91%	103.48%	18.15%	23.58%	22.23%	9.42%	14.81%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.42	$2.80	$0.00	$3.26	$1.62	$4.61	$3.18	$3.97	$3.51	$3.04
Adjusted Weighted Average Basic Shares Outstanding	83.56M	81.31M	0.00	77.34M	75.52M	74.77M	73.27M	72.12M	70.88M	68.80M
Adjusted Diluted Earnings per Share	$3.42	$2.80	$0.00	$3.26	$1.62	$4.61	$3.18	$3.97	$3.50	$3.03
Adjusted Weighted Average Diluted Shares Outstanding	83.57M	81.31M	0.00	77.37M	75.52M	74.77M	73.30M	72.23M	71.05M	68.98M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	85.68M	82.99M	0.00	157.23M	153.50M	75.65M	74.37M	73.19M	72.11M	69.67M
Normalized Net Operating Profit after Tax (NOPAT)	331	285	319	276	174	248	245	287	225	210
Normalized NOPAT Margin	27.50%	25.13%	29.71%	29.05%	20.83%	26.52%	26.74%	33.49%	28.03%	28.24%
Pre Tax Income Margin	22.71%	19.22%	34.45%	28.16%	17.23%	38.74%	27.57%	34.79%	28.25%	25.55%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.69	2.42	3.84	3.09	1.96	4.30	3.28	3.65	3.38	2.69
NOPAT to Interest Expense	2.69	2.42	3.84	3.09	1.96	4.30	3.28	3.65	3.38	2.69
EBIT Less CapEx to Interest Expense	-0.28	2.06	-2.40	-0.36	-0.26	1.63	-0.06	-0.97	-1.22	1.03
NOPAT Less CapEx to Interest Expense	-0.28	2.06	-2.40	-0.36	-0.26	1.63	-0.06	-0.97	-1.22	1.03
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	252.88%	296.29%	185.01%	128.38%	254.00%	92.58%	127.09%	100.12%	112.71%	111.40%
Augmented Payout Ratio	252.88%	296.29%	185.01%	128.38%	254.00%	92.58%	127.09%	100.12%	112.71%	115.80%

This table displays calculated financial ratios and metrics derived from Federal Realty Investment Trust's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.12%	6.73%	5.94%	5.48%	6.69%	4.20%	4.81%	6.28%	6.34%	10.19%	10.58%
EBITDA Growth	6.25%	2.74%	6.07%	33.90%	5.25%	-18.38%	-32.37%	7.57%	10.65%	3.98%	72.13%
EBIT Growth	7.92%	0.50%	5.74%	54.23%	4.58%	-29.87%	-47.80%	8.76%	11.43%	5.16%	124.05%
NOPAT Growth	7.92%	0.50%	5.74%	54.23%	4.58%	-29.87%	-47.80%	8.76%	11.43%	5.16%	124.05%
Net Income Growth	14.76%	1.66%	6.85%	81.98%	0.49%	-43.00%	-62.59%	-2.27%	5.49%	0.81%	191.11%
EPS Growth	9.09%	-2.63%	4.48%	83.33%	1.54%	-47.22%	-64.55%	-4.00%	3.17%	-0.69%	195.31%
Operating Cash Flow Growth	26.84%	6.20%	-4.54%	13.70%	-1.29%	4.78%	1.46%	-5.20%	38.75%	2.05%	25.20%
Free Cash Flow Firm Growth	-70.43%	20.23%	4.23%	86.43%	75.52%	70.37%	41.65%	-128.36%	12.57%	8.20%	44.89%
Invested Capital Growth	3.78%	2.70%	3.43%	2.86%	2.78%	3.11%	3.57%	7.62%	7.66%	8.27%	6.84%
Revenue Q/Q Growth	-0.74%	2.57%	2.56%	1.62%	-0.17%	1.82%	2.11%	2.79%	-2.50%	2.42%	3.54%
EBITDA Q/Q Growth	-0.69%	1.85%	-20.33%	31.84%	-3.97%	5.16%	0.58%	3.63%	-25.53%	-12.86%	59.96%
EBIT Q/Q Growth	-1.08%	3.29%	-32.60%	56.71%	-7.89%	8.69%	-1.69%	6.26%	-38.23%	-19.11%	104.84%
NOPAT Q/Q Growth	-1.08%	3.29%	-32.60%	56.71%	-7.89%	8.69%	-1.69%	6.26%	-38.23%	-19.11%	104.84%
Net Income Q/Q Growth	-2.38%	7.47%	-44.65%	97.63%	-13.53%	12.96%	-5.73%	9.13%	-50.95%	-25.87%	146.29%
EPS Q/Q Growth	-2.70%	5.71%	-46.97%	100.00%	-13.16%	13.43%	-6.94%	10.77%	-54.86%	-23.81%	152.00%
Operating Cash Flow Q/Q Growth	49.71%	-17.00%	-15.11%	20.23%	25.35%	-25.39%	1.12%	4.38%	33.06%	-27.76%	-5.51%
Free Cash Flow Firm Q/Q Growth	-85.98%	36.75%	-161.21%	44.53%	12.95%	24.06%	62.98%	-0.02%	-5.35%	-49.56%	-44.91%
Invested Capital Q/Q Growth	0.97%	0.42%	0.54%	1.81%	-0.08%	1.14%	-0.02%	1.73%	0.25%	1.59%	3.88%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	89.96%	100.00%	100.00%	100.00%	89.86%	100.00%	100.00%	100.00%	90.90%	100.00%
EBITDA Margin	63.10%	63.07%	63.52%	81.76%	63.02%	65.52%	63.44%	64.41%	63.89%	83.65%	98.31%
Operating Margin	34.98%	35.10%	34.86%	53.03%	34.39%	37.28%	34.92%	36.27%	35.09%	55.38%	70.11%
EBIT Margin	34.98%	35.10%	34.86%	53.03%	34.39%	37.28%	34.92%	36.27%	35.09%	55.38%	70.11%
Profit (Net Income) Margin	21.54%	21.90%	20.90%	38.73%	19.91%	22.99%	20.72%	22.45%	21.14%	42.02%	58.06%
Tax Burden Percent	100.27%	175.92%	101.42%	100.80%	100.06%	163.71%	102.26%	102.71%	100.90%	123.63%	100.00%
Interest Burden Percent	61.41%	35.46%	59.12%	72.45%	57.87%	37.68%	58.03%	60.25%	59.72%	61.38%	82.81%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	5.49%	5.46%	5.37%	8.08%	5.26%	5.61%	5.28%	5.52%	5.35%	8.36%	10.42%
ROIC Less NNEP Spread (ROIC-NNEP)	4.56%	4.52%	4.41%	7.12%	4.29%	4.64%	4.32%	4.58%	4.42%	7.44%	9.62%
Return on Net Nonoperating Assets (RNNOA)	6.14%	6.00%	6.00%	9.89%	5.85%	6.20%	5.84%	6.10%	5.93%	9.96%	13.27%
Return on Equity (ROE)	11.63%	11.46%	11.37%	17.96%	11.11%	11.82%	11.12%	11.62%	11.28%	18.31%	23.70%
Cash Return on Invested Capital (CROIC)	2.47%	3.44%	2.77%	3.27%	2.72%	2.34%	2.60%	0.14%	0.11%	-0.55%	0.75%
Operating Return on Assets (OROA)	5.05%	4.98%	4.92%	7.40%	4.78%	5.06%	4.74%	4.99%	4.80%	7.50%	9.28%
Return on Assets (ROA)	3.11%	3.11%	2.95%	5.41%	2.77%	3.12%	2.81%	3.09%	2.89%	5.69%	7.68%
Return on Common Equity (ROCE)	10.17%	10.02%	9.92%	15.62%	9.65%	10.27%	9.63%	10.01%	9.67%	15.68%	20.16%
Return on Equity Simple (ROE_SIMPLE)	9.80%	0.00%	9.75%	9.99%	8.48%	0.00%	10.33%	13.69%	13.63%	0.00%	13.61%
Net Operating Profit after Tax (NOPAT)	108	109	106	157	100	109	100	102	96	155	192
NOPAT Margin	34.98%	35.10%	34.86%	53.03%	34.39%	37.28%	34.92%	36.27%	35.09%	55.38%	70.11%
Net Nonoperating Expense Percent (NNEP)	0.93%	0.93%	0.96%	0.95%	0.97%	0.97%	0.95%	0.93%	0.93%	0.92%	0.81%
Return On Investment Capital (ROIC_SIMPLE)	1.39%	1.42%	-	-	-	1.42%	-	-	-	2.11%	-
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	25.45%	25.67%	24.61%	23.98%	25.29%	25.82%	25.03%	24.06%	24.81%	27.27%	26.30%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	65.02%	64.90%	65.14%	46.97%	65.61%	62.72%	65.08%	63.73%	64.91%	44.62%	29.89%
Earnings before Interest and Taxes (EBIT)	108	109	106	157	100	109	100	102	96	155	192
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	195	196	193	242	184	191	182	181	174	234	269
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.73	3.13	3.23	2.95	2.99	2.88	2.60	2.76	2.75	2.70	2.47
Price to Tangible Book Value (P/TBV)	2.73	3.13	3.23	2.95	2.99	2.88	2.60	2.76	2.75	2.70	2.47
Price to Revenue (P/Rev)	6.79	7.83	8.05	7.18	7.17	7.13	6.33	6.82	6.97	7.02	6.45
Price to Earnings (P/E)	28.17	32.80	33.34	29.72	35.79	35.26	25.26	19.90	19.95	19.97	17.94
Dividend Yield	4.53%	3.94%	3.83%	4.32%	4.31%	4.39%	4.98%	4.66%	4.61%	4.63%	5.14%
Earnings Yield	3.55%	3.05%	3.00%	3.36%	2.79%	2.84%	3.96%	5.02%	5.01%	5.01%	5.57%
Enterprise Value to Invested Capital (EV/IC)	1.65	1.81	1.83	1.70	1.71	1.68	1.57	1.63	1.64	1.63	1.54
Enterprise Value to Revenue (EV/Rev)	10.71	11.77	12.08	11.33	11.32	11.31	10.55	11.08	11.15	11.22	10.69
Enterprise Value to EBITDA (EV/EBITDA)	15.82	17.36	17.64	16.54	17.66	17.59	15.33	14.30	14.38	14.55	13.68
Enterprise Value to EBIT (EV/EBIT)	27.22	29.95	30.28	28.34	31.69	31.51	26.11	22.54	22.68	22.90	21.61
Enterprise Value to NOPAT (EV/NOPAT)	27.22	29.95	30.28	28.34	31.69	31.51	26.11	22.54	22.68	22.90	21.61
Enterprise Value to Operating Cash Flow (EV/OCF)	21.34	24.62	25.17	23.00	23.50	23.04	21.46	22.37	21.85	23.33	21.79
Enterprise Value to Free Cash Flow (EV/FCFF)	68.16	53.18	67.18	52.76	63.56	72.73	61.37	1,203.79	1,503.97	0.00	212.89
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.31	1.31	1.33	1.40	1.41	1.43	1.42	1.40	1.38	1.35	1.36
Long-Term Debt to Equity	1.31	1.31	1.33	1.40	1.41	1.43	1.42	1.40	1.38	1.35	1.36
Financial Leverage	1.35	1.33	1.36	1.39	1.37	1.34	1.35	1.33	1.34	1.34	1.38
Leverage Ratio	2.55	2.55	2.58	2.60	2.60	2.59	2.62	2.58	2.61	2.60	2.67
Compound Leverage Factor	1.57	0.90	1.52	1.89	1.50	0.98	1.52	1.55	1.56	1.60	2.21
Debt to Total Capital	56.71%	56.64%	57.05%	58.33%	58.51%	58.78%	58.65%	58.39%	57.97%	57.41%	57.56%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	56.71%	56.64%	57.05%	58.33%	58.51%	58.78%	58.65%	58.39%	57.97%	57.41%	57.56%
Preferred Equity to Total Capital	2.01%	2.02%	2.04%	2.05%	2.09%	2.04%	2.11%	2.11%	2.11%	2.12%	2.14%
Noncontrolling Interests to Total Capital	3.19%	3.20%	3.25%	3.30%	3.40%	3.35%	3.37%	3.40%	3.40%	3.43%	3.57%
Common Equity to Total Capital	38.10%	38.13%	37.65%	36.32%	36.00%	35.83%	35.87%	36.11%	36.52%	37.05%	36.72%
Debt to EBITDA	5.46	5.49	5.52	5.70	6.08	6.32	5.77	5.16	5.19	5.22	5.24
Net Debt to EBITDA	5.29	5.30	5.36	5.53	5.90	5.92	5.60	5.01	4.90	4.95	4.91
Long-Term Debt to EBITDA	5.46	5.49	5.52	5.70	6.08	6.32	5.77	5.16	5.19	5.22	5.24
Debt to NOPAT	9.40	9.47	9.48	9.77	10.91	11.31	9.83	8.14	8.19	8.22	8.28
Net Debt to NOPAT	9.10	9.14	9.20	9.48	10.60	10.61	9.53	7.90	7.73	7.79	7.76
Long-Term Debt to NOPAT	9.40	9.47	9.48	9.77	10.91	11.31	9.83	8.14	8.19	8.22	8.28
Altman Z-Score	1.19	1.34	1.34	1.21	1.19	1.17	1.04	1.10	1.11	1.13	1.05
Noncontrolling Interest Sharing Ratio	12.59%	12.55%	12.77%	13.03%	13.17%	13.05%	13.35%	13.89%	14.27%	14.36%	14.92%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.12	2.28	1.95	2.08	2.02	2.68	1.83	1.95	1.94	1.96	1.79
Quick Ratio	1.12	1.26	1.02	1.10	1.09	1.69	0.96	1.06	1.05	1.01	0.99
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-180	-97	-153	-59	-106	-122	-160	-432	-432	-410	-274
Operating Cash Flow to CapEx	303.32%	185.84%	121.74%	61.89%	221.44%	0.00%	187.94%	341.40%	127.85%	76.05%	28.65%
Free Cash Flow to Firm to Interest Expense	-4.25	-2.24	-3.47	-1.32	-2.42	-2.83	-3.75	-10.08	-11.02	-10.72	-7.83
Operating Cash Flow to Interest Expense	4.22	2.77	3.26	3.83	3.23	2.62	3.53	3.48	3.65	2.81	4.24
Operating Cash Flow Less CapEx to Interest Expense	2.83	1.28	0.58	-2.36	1.77	6.70	1.65	2.46	0.79	-0.88	-10.57
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.13
Accounts Receivable Turnover	5.70	5.58	5.94	5.97	5.64	5.67	5.91	5.78	5.68	5.86	6.04
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.16	0.16	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	64.00	65.39	61.50	61.10	64.75	64.38	61.77	63.14	64.25	62.28	60.40
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	64.00	65.39	61.50	61.10	64.75	64.38	61.77	63.14	64.25	62.28	60.40
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	7,914	7,838	7,805	7,763	7,626	7,632	7,546	7,548	7,420	7,401	7,286
Invested Capital Turnover	0.16	0.16	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15
Increase / (Decrease) in Invested Capital	289	206	259	216	206	230	260	534	528	565	466
Enterprise Value (EV)	13,072	14,148	14,285	13,210	13,020	12,809	11,820	12,271	12,163	12,055	11,213
Market Capitalization	8,287	9,418	9,528	8,376	8,245	8,073	7,088	7,555	7,599	7,539	6,759
Book Value per Share	$35.39	$35.45	$35.28	$34.19	$33.39	$34.35	$33.39	$33.62	$34.05	$34.41	$33.88
Tangible Book Value per Share	$35.39	$35.45	$35.28	$34.19	$33.39	$34.35	$33.39	$33.62	$34.05	$34.41	$33.88
Total Capital	7,959	7,898	7,839	7,807	7,662	7,825	7,588	7,590	7,572	7,542	7,465
Total Debt	4,513	4,474	4,473	4,554	4,483	4,599	4,451	4,432	4,389	4,329	4,297
Total Long-Term Debt	4,513	4,474	4,473	4,554	4,483	4,599	4,451	4,432	4,389	4,329	4,297
Net Debt	4,371	4,317	4,343	4,417	4,354	4,313	4,317	4,299	4,146	4,099	4,028
Capital Expenditures (CapEx)	59	64	118	274	64	-175	80	44	112	141	519
Debt-free, Cash-free Net Working Capital (DFCFNWC)	222	235	186	190	188	198	151	165	171	184	118
Debt-free Net Working Capital (DFNWC)	331	358	283	293	284	449	249	263	270	270	264
Net Working Capital (NWC)	331	358	283	293	284	449	249	263	270	270	264
Net Nonoperating Expense (NNE)	42	41	42	42	42	42	41	39	38	37	33
Net Nonoperating Obligations (NNO)	4,468	4,414	4,438	4,510	4,447	4,406	4,408	4,389	4,237	4,189	4,118
Total Depreciation and Amortization (D&A)	87	87	87	85	83	82	82	79	79	79	77
Debt-free, Cash-free Net Working Capital to Revenue	18.20%	19.55%	15.72%	16.26%	16.37%	17.47%	13.44%	14.92%	15.68%	17.17%	11.22%
Debt-free Net Working Capital to Revenue	27.15%	29.81%	23.92%	25.12%	24.71%	39.62%	22.21%	23.78%	24.80%	25.13%	25.16%
Net Working Capital to Revenue	27.15%	29.81%	23.92%	25.12%	24.71%	39.62%	22.21%	23.78%	24.80%	25.13%	25.16%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.72	$0.74	$0.70	$1.32	$0.66	$0.76	$0.67	$0.72	$0.65	$1.43	$1.90
Adjusted Weighted Average Basic Shares Outstanding	170.94M	83.56M	83.99M	82.93M	82.61M	81.31M	81.27M	81.21M	81.14M	79.85M	80.77M
Adjusted Diluted Earnings per Share	$0.72	$0.74	$0.70	$1.32	$0.66	$0.76	$0.67	$0.72	$0.65	$1.44	$1.89
Adjusted Weighted Average Diluted Shares Outstanding	85.47M	83.57M	83.99M	83.56M	82.61M	81.31M	81.27M	81.21M	81.14M	80.51M	81.51M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	86.26M	85.68M	84.96M	83.67M	82.95M	82.99M	81.62M	81.52M	81.52M	0.00	81.21M
Normalized Net Operating Profit after Tax (NOPAT)	76	77	74	110	70	76	70	71	67	109	85
Normalized NOPAT Margin	24.48%	24.57%	24.40%	37.12%	24.07%	26.09%	24.44%	25.39%	24.56%	38.77%	31.06%
Pre Tax Income Margin	21.48%	12.45%	20.61%	38.42%	19.90%	14.04%	20.26%	21.85%	20.95%	33.99%	58.06%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.55	2.53	2.39	3.54	2.29	2.53	2.34	2.37	2.44	4.05	5.47
NOPAT to Interest Expense	2.55	2.53	2.39	3.54	2.29	2.53	2.34	2.37	2.44	4.05	5.47
EBIT Less CapEx to Interest Expense	1.16	1.04	-0.28	-2.65	0.83	6.61	0.46	1.35	-0.41	0.36	-9.34
NOPAT Less CapEx to Interest Expense	1.16	1.04	-0.28	-2.65	0.83	6.61	0.46	1.35	-0.41	0.36	-9.34
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	247.36%	252.88%	339.90%	312.35%	260.90%	296.29%	241.46%	185.91%	206.76%	185.01%	96.25%
Augmented Payout Ratio	247.36%	252.88%	339.90%	312.35%	260.90%	296.29%	241.46%	185.91%	206.76%	185.01%	96.25%

Frequently Asked Questions About Federal Realty Investment Trust's Financials

When does Federal Realty Investment Trust's financial year end?

According to the most recent income statement we have on file, Federal Realty Investment Trust's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Federal Realty Investment Trust's net income changed over the last 9 years?

Federal Realty Investment Trust's net income appears to be on an upward trend, with a most recent value of $304.33 million in 2024, rising from $218.42 million in 2015. The previous period was $247.22 million in 2023. Find out what analysts predict for Federal Realty Investment Trust in the coming months.

What is Federal Realty Investment Trust's operating income?

Federal Realty Investment Trust's total operating income in 2024 was $472.36 million, based on the following breakdown:

Total Gross Profit: $1.17 billion
Total Operating Expenses: $730.10 million

How has Federal Realty Investment Trust revenue changed over the last 9 years?

Over the last 9 years, Federal Realty Investment Trust's total revenue changed from $744.01 million in 2015 to $1.20 billion in 2024, a change of 61.6%.

How much debt does Federal Realty Investment Trust have?

Federal Realty Investment Trust's total liabilities were at $5.10 billion at the end of 2024, a 2.1% decrease from 2023, and a 71.3% increase since 2015.

How much cash does Federal Realty Investment Trust have?

In the past 9 years, Federal Realty Investment Trust's cash and equivalents has ranged from $15.19 million in 2017 to $798.33 million in 2020, and is currently $123.41 million as of their latest financial filing in 2024.

How has Federal Realty Investment Trust's book value per share changed over the last 9 years?

Over the last 9 years, Federal Realty Investment Trust's book value per share changed from 23.82 in 2015 to 35.45 in 2024, a change of 48.8%.

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This page (NYSE:FRT) was last updated on 5/28/2025 by MarketBeat.com Staff

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Federal Realty Investment Trust (FRT) Financials

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Federal Realty Investment Trust (FRT) Financials

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