FRT
Federal Realty Investment Trust
NYSE: FRT · REAL ESTATE · REIT - RETAIL
$110.61
-1.58% today
Updated 2026-04-29
Market cap
$9.61B
P/E ratio
23.63
P/S ratio
7.51x
EPS (TTM)
$4.68
Dividend yield
3.97%
52W range
$87 – $113
Volume
0.8M
Federal Realty Investment Trust (FRT) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $451.02M | $483.12M | $520.19M | $530.52M | $541.80M | $551.10M | $605.79M | $637.41M | $686.09M | $744.01M | $801.59M | $857.35M | $915.44M | $935.79M | $835.49M | $951.22M | $1.07B | $1.13B | $1.20B | $1.28B |
| Revenue growth (YoY) | — | +7.1% | +7.7% | +2.0% | +2.1% | +1.7% | +9.9% | +5.2% | +7.6% | +8.4% | +7.7% | +7.0% | +6.8% | +2.2% | -10.7% | +13.9% | +12.9% | +5.4% | +6.2% | +6.3% |
| Cost of revenue | $133.03M | $146.26M | $165.20M | $166.74M | $169.18M | $169.77M | $179.07M | $190.45M | $211.92M | $233.42M | $253.61M | $272.73M | $287.87M | $298.76M | $290.16M | $316.62M | $356.78M | $363.10M | $391.80M | $1.15B |
| Gross profit | $451.02M | $336.86M | $354.99M | $363.78M | $372.62M | $381.33M | $426.72M | $446.96M | $474.17M | $510.60M | $547.98M | $584.62M | $627.57M | $637.03M | $545.33M | $634.61M | $717.60M | $769.06M | $810.65M | $124.41M |
| Gross margin | 100.0% | 69.7% | 68.2% | 68.6% | 68.8% | 69.2% | 70.4% | 70.1% | 69.1% | 68.6% | 68.4% | 68.2% | 68.6% | 68.1% | 65.3% | 66.7% | 66.8% | 67.9% | 67.4% | 9.7% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $21.34M | $25.57M | $26.73M | $22.03M | $24.19M | $28.98M | $31.16M | $31.97M | $32.32M | $35.65M | $33.40M | $36.28M | $33.60M | $42.75M | $41.68M | $49.86M | $52.64M | $50.71M | $49.74M | $46.91M |
| Operating income | $199.04M | $208.65M | $217.24M | $210.58M | $229.22M | $226.46M | $253.86M | $254.16M | $271.04M | $300.15M | $321.00M | $410.21M | $361.64M | $470.91M | $289.52M | $394.73M | $526.41M | $406.47M | $472.36M | $459.51M |
| Operating margin | 44.1% | 43.2% | 41.8% | 39.7% | 42.3% | 41.1% | 41.9% | 39.9% | 39.5% | 40.3% | 40.0% | 47.8% | 39.5% | 50.3% | 34.7% | 41.5% | 49.0% | 35.9% | 39.3% | 35.9% |
| EBITDA | $296.92M | $314.61M | $328.30M | $342.03M | $347.55M | $355.35M | $398.35M | $403.89M | $432.64M | $457.44M | $515.00M | $614.04M | $603.42M | $709.92M | $544.55M | $676.75M | $835.06M | $736.79M | $822.41M | $972.60M |
| EBITDA margin | 65.8% | 65.1% | 63.1% | 64.5% | 64.1% | 64.5% | 65.8% | 63.4% | 63.1% | 61.5% | 64.2% | 71.6% | 65.9% | 75.9% | 65.2% | 71.1% | 77.7% | 65.1% | 68.4% | 76.1% |
| EBIT | $199.04M | $208.65M | $217.24M | $226.94M | $227.73M | $228.78M | $256.31M | $242.79M | $261.83M | $282.65M | $321.42M | $398.00M | $359.18M | $470.17M | $-17.47M | $396.78M | $532.65M | $415.03M | $479.81M | $604.76M |
| Interest expense | $118.71M | $111.36M | $99.16M | $108.78M | $101.88M | $98.47M | $113.34M | $104.98M | $93.94M | $92.55M | $94.99M | $100.13M | $110.15M | $109.62M | $136.29M | $127.70M | $136.99M | $167.81M | $175.48M | $181.11M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $118.71M | $195.54M | $129.79M | $98.30M | $122.79M | $143.92M | $151.93M | $162.68M | $164.53M | $210.22M | $249.91M | $289.91M | $241.91M | $353.87M | $135.89M | $261.50M | $385.49M | $236.99M | $295.21M | $411.08M |
| Net income growth (YoY) | — | +64.7% | -33.6% | -24.3% | +24.9% | +17.2% | +5.6% | +7.1% | +1.1% | +27.8% | +18.9% | +16.0% | -16.6% | +46.3% | -61.6% | +92.4% | +47.4% | -38.5% | +24.6% | +39.2% |
| Profit margin | 26.3% | 40.5% | 25.0% | 18.5% | 22.7% | 26.1% | 25.1% | 25.5% | 24.0% | 28.3% | 31.2% | 33.8% | 26.4% | 37.8% | 16.3% | 27.5% | 35.9% | 20.9% | 24.6% | 32.1% |