FEDERAL REALTY INVESTMENT TRUST financials

FRT CIK 0000034903

Source: EDGAR filings · raw companyfacts JSON · Built 2026-04-25T10:04:05Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2024FY 2024FY 2023FY 2022FY 2021FY 2020
EBITDA 970.04M 814.95M 728.23M 828.82M 674.70M 544.55M
Net Debt 4.94B 4.46B 4.45B 4.40B 4.05B 3.65B
Operating Margin 47.08% 39.28% 35.90% 49.00% 41.50% 34.65%
Net Margin 32.14% 24.55% 20.93% 35.88% 27.49% 15.76%
Return on Equity (ROE) 12.65% 9.31% 8.00% 13.05% 10.13% 5.34%
Return on Assets (ROA) 4.50% 3.46% 2.81% 4.68% 3.43% 1.73%
Debt-to-Equity 1.5541 1.4454 1.5874 1.5199 1.6307 1.8071
Cash Conversion Ratio 1.514 1.9463 2.3454 1.3405 1.8025 2.8087
Accruals Ratio -0.0231 -0.0328 -0.0378 -0.0159 -0.0275 -0.0313
SBC % of Revenue 1.14% 1.36% 1.26% 1.28% 1.37% 1.43%

Valuation Metrics

Concept FY 2024FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 21.5385 32.7339 36.8036 21.4522 41.816 52.5432
EV / EBITDA 14.0582 17.2418 17.8287 15.2304 21.8781 18.7048
P/S 6.7989 7.9756 7.5343 7.6499 11.2646 7.817
P/B 2.6766 3.0238 2.8783 2.7823 4.1522 2.6504

Income Statement

Concept FY 2024FY 2024FY 2023FY 2022FY 2021FY 2020
Revenues 1.28B 1.20B 1.13B 1.07B 951.22M 835.49M
Operating Expenses 833.64M 784.14M 735.57M 711.83M 646.45M 586.87M
Operating Income (Loss) 602.20M 472.36M 406.47M 526.41M 394.73M 289.52M
Net Income (Loss) Attributable to Parent 411.08M 295.21M 236.99M 385.49M 261.50M 131.71M
Earnings Per Share, Basic $4.68 $3.42 $2.80 $4.71 $3.26 $1.62
Weighted Average Number of Shares Outstanding, Basic 85.85M 83.56M 81.31M 79.85M 77.34M 75.52M
Earnings Per Share, Diluted $4.68 $3.42 $2.80 $4.71 $3.26 $1.62
Weighted Average Number of Shares Outstanding, Diluted 86.41M 83.57M 81.31M 80.51M 77.37M 75.52M

Balance Sheet

Concept FY 2024FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 107.42M 123.41M 250.82M 85.56M 162.13M 798.33M
Assets 9.13B 8.52B 8.44B 8.23B 7.62B 7.61B
Long-term Debt 4.96B 4.50B 4.62B 4.34B 4.06B 4.31B
Liabilities 5.63B 5.10B 5.21B 5.02B 4.75B 4.92B
Stockholders' Equity Attributable to Parent 3.25B 3.17B 2.96B 2.95B 2.58B 2.46B
Common Stock, Shares, Outstanding 86.27M 85.67M 82.78M 81.34M 78.60M 76.73M

Cash Flow Statement

Concept FY 2024FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 622.38M 574.56M 555.83M 516.77M 471.35M 369.93M
Net Cash Provided by (Used in) Investing Activities -743.07M -446.83M -358.32M -786.00M -660.12M -368.38M
Net Cash Provided by (Used in) Financing Activities 102.95M -252.30M -33.85M 190.41M -452.97M 661.74M

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

Income Statement

33 concepts 3 units
Unit US$ · 27 concepts
Label Value Period
Interest Costs Incurred 196.78M 2025-01-01 → 2025-12-31
Interest Costs Capitalized Adjustment 13.17M 2025-01-01 → 2025-12-31
Interest Income, Other 3.14M 2025-01-01 → 2025-12-31
Interest Expense 183.61M 2025-01-01 → 2025-12-31
Operating Lease, Lease Income 1.25B 2025-01-01 → 2025-12-31
Revenues 1.28B 2025-01-01 → 2025-12-31
Direct Costs of Leased and Rented Property or Equipment 267.44M 2025-01-01 → 2025-12-31
Cost of Property Repairs and Maintenance 108.27M 2025-01-01 → 2025-12-31
Other Cost of Operating Revenue 25.80M 2025-01-01 → 2025-12-31
Finance Lease, Right-of-Use Asset, Amortization 220.00K 2025-01-01 → 2025-12-31
Depreciation, Depletion and Amortization, Nonproduction 367.84M 2025-01-01 → 2025-12-31
Asset Impairment Charges 7.42M 2025-01-01 → 2025-12-31
Other Cost and Expense, Operating 267.44M 2025-01-01 → 2025-12-31
Marketing Expense 7.93M 2025-01-01 → 2025-12-31
Real Estate Insurance 19.41M 2025-01-01 → 2025-12-31
Real Estate Tax Expense 151.44M 2025-01-01 → 2025-12-31
General and Administrative Expense 46.91M 2025-01-01 → 2025-12-31
Operating Expenses 833.64M 2025-01-01 → 2025-12-31
Operating Income (Loss) 602.20M 2025-01-01 → 2025-12-31
Finance Lease, Interest Expense 833.00K 2025-01-01 → 2025-12-31
Income (Loss) from Equity Method Investments 1.92M 2025-01-01 → 2025-12-31
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 423.65M 2025-01-01 → 2025-12-31
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest 8.14M 2025-01-01 → 2025-12-31
Net Income (Loss) Attributable to Noncontrolling Interest 12.57M 2025-01-01 → 2025-12-31
Net Income (Loss) Attributable to Parent 411.08M 2025-01-01 → 2025-12-31
Preferred Stock Dividends, Income Statement Impact 8.03M 2025-01-01 → 2025-12-31
Net Income (Loss) Available to Common Stockholders, Basic 403.05M 2025-01-01 → 2025-12-31
Unit shares · 2 concepts
Label Value Period
Weighted Average Number of Shares Outstanding, Basic 85.85M 2025-01-01 → 2025-12-31
Weighted Average Number of Shares Outstanding, Diluted 86.41M 2025-01-01 → 2025-12-31
Unit US$ / share · 4 concepts
Label Value Period
Earnings Per Share, Basic $4.68 2025-01-01 → 2025-12-31
Earnings Per Share, Diluted $4.68 2025-01-01 → 2025-12-31
Common Stock, Dividends, Per Share, Declared $4.46 2025-01-01 → 2025-12-31
Common Stock, Dividends, Per Share, Cash Paid $4.43 2025-01-01 → 2025-12-31

Comprehensive Income

4 concepts 1 unit

Balance Sheet

46 concepts 3 units
Unit US$ · 39 concepts
Label Value Period
Cash and Cash Equivalents, at Carrying Value 107.42M as of 2025-12-31
Rental Properties 11.27B as of 2025-12-31
Restricted Cash and Cash Equivalents 10.29M as of 2025-12-31
Real Estate Investment Property, at Cost 11.64B as of 2025-12-31
Real Estate Investment Property, Accumulated Depreciation 3.35B as of 2025-12-31
Real Estate Investment Property, Net 8.29B as of 2025-12-31
Mortgage Loans on Real Estate, Commercial and Consumer, Net 9.09M as of 2025-12-31
Accounts and Financing Receivable, after Allowance for Credit Loss 249.75M as of 2025-12-31
Financing Receivable, after Allowance for Credit Loss 9.10M as of 2025-12-31
Operating Lease, Right-of-Use Asset 83.12M as of 2025-12-31
Finance Lease, Right-of-Use Asset, after Accumulated Amortization 6.41M as of 2025-12-31
Construction in Progress, Gross 374.74M as of 2025-12-31
Prepaid Expense and Other Assets 354.77M as of 2025-12-31
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures 31.88M as of 2025-12-31
Security Deposit Liability 31.55M as of 2025-12-31
Finite-Lived Intangible Assets, Gross 80.32M as of 2025-12-31
Finite-Lived Intangible Assets, Accumulated Amortization 42.80M as of 2025-12-31
Accumulated Distributions in Excess of Net Income 1.22B as of 2025-12-31
Dividends Payable 99.79M as of 2025-12-31
Accounts Payable and Accrued Liabilities 219.68M as of 2025-12-31
Operating Lease, Liability 72.30M as of 2025-12-31
Secured Debt 521.76M as of 2025-12-31
Assets 9.13B as of 2025-12-31
Unsecured Debt 3.36B as of 2025-12-31
Long-term Line of Credit 310.00M as of 2025-12-31
Senior Notes 3.36B as of 2025-12-31
Notes Payable 1.06B as of 2025-12-31
Long-term Debt 4.96B as of 2025-12-31
Finance Lease, Liability 12.90M as of 2025-12-31
Debt and Lease Obligation 4.94B as of 2025-12-31
Liabilities 5.63B as of 2025-12-31
Redeemable Noncontrolling Interest, Equity, Carrying Amount 181.66M as of 2025-12-31
Common Stock, Value, Issued 869.00K as of 2025-12-31
Additional Paid in Capital, Common Stock 4.31B as of 2025-12-31
Accumulated Other Comprehensive Income (Loss), Net of Tax 2.05M as of 2025-12-31
Stockholders' Equity Attributable to Parent 3.25B as of 2025-12-31
Stockholders' Equity Attributable to Noncontrolling Interest 70.25M as of 2025-12-31
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 3.32B as of 2025-12-31
Liabilities and Equity 9.13B as of 2025-12-31
Unit shares · 5 concepts
Label Value Period
Preferred Stock, Shares Authorized 15.00M as of 2025-12-31
Common Stock, Shares Authorized 200.00M as of 2025-12-31
Common Stock, Shares, Issued 86.27M as of 2025-12-31
Common Stock, Shares, Outstanding 86.27M as of 2025-12-31
Treasury Stock, Common, Shares 0 as of 2025-12-31
Unit US$ / share · 2 concepts
Label Value Period
Preferred Stock, Par or Stated Value Per Share $0.01 as of 2025-12-31
Common Stock, Par or Stated Value Per Share $0.01 as of 2025-12-31

Cash Flow Statement

28 concepts 1 unit
Unit US$ · 28 concepts
Label Value Period
Amortization of above and below Market Leases 14.76M 2025-01-01 → 2025-12-31
Straight Line Rent 27.98M 2025-01-01 → 2025-12-31
Proceeds from Real Estate and Real Estate Joint Ventures 305.63M 2025-01-01 → 2025-12-31
Share-based Payment Arrangement, Noncash Expense 14.61M 2025-01-01 → 2025-12-31
Finance Lease, Interest Payment on Liability 713.00K 2025-01-01 → 2025-12-31
Operating Lease, Payments 6.21M 2025-01-01 → 2025-12-31
Interest Paid, Excluding Capitalized Interest, Operating Activities 171.94M 2025-01-01 → 2025-12-31
Income Taxes Paid, Net 369.00K 2025-01-01 → 2025-12-31
Other Noncash Income (Expense) 3.11M 2025-01-01 → 2025-12-31
Increase (Decrease) in Accounts and Other Receivables -2.42M 2025-01-01 → 2025-12-31
Increase (Decrease) in Prepaid Expense and Other Assets 4.77M 2025-01-01 → 2025-12-31
Payments to Acquire Real Estate 735.27M 2025-01-01 → 2025-12-31
Increase (Decrease) in Accounts Payable and Accrued Liabilities 5.59M 2025-01-01 → 2025-12-31
Net Cash Provided by (Used in) Operating Activities 622.38M 2025-01-01 → 2025-12-31
Proceeds from Distributions Received from Real Estate Partnerships 4.11M 2025-01-01 → 2025-12-31
Increase (Decrease) in Lease Acquisition Costs 25.36M 2025-01-01 → 2025-12-31
Payments to Acquire Interest in Subsidiaries and Affiliates 698.00K 2025-01-01 → 2025-12-31
Net Cash Provided by (Used in) Investing Activities -743.07M 2025-01-01 → 2025-12-31
Proceeds from (Repayments of) Lines of Credit 310.00M 2025-01-01 → 2025-12-31
Proceeds from Issuance of Senior Long-term Debt 0 2025-01-01 → 2025-12-31
Repayments of Senior Debt 0 2025-01-01 → 2025-12-31
Finance Lease, Principal Payments 0 2025-01-01 → 2025-12-31
Proceeds from Noncontrolling Interests 2.67M 2025-01-01 → 2025-12-31
Proceeds from Issuance of Common Stock 54.47M 2025-01-01 → 2025-12-31
Payment, Tax Withholding, Share-based Payment Arrangement 4.91M 2025-01-01 → 2025-12-31
Net Cash Provided by (Used in) Financing Activities 102.95M 2025-01-01 → 2025-12-31
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -17.74M 2025-01-01 → 2025-12-31
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 117.71M as of 2025-12-31

Stockholders' Equity

2 concepts 1 unit
Unit US$ · 2 concepts
Label Value Period
Temporary Equity, Other Changes 175.00K 2025-01-01 → 2025-12-31
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders 5.34M 2025-01-01 → 2025-12-31

Notes

99 concepts 7 units
Unit US$ · 82 concepts
Label Value Period
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross 11.64B as of 2025-12-31
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Other Acquisition 715.55M 2025-01-01 → 2025-12-31
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Improvements 300.72M 2025-01-01 → 2025-12-31
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation 3.35B as of 2025-12-31
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation, Depreciation Expense 319.82M 2025-01-01 → 2025-12-31
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Federal Income Tax Basis 10.20B as of 2025-12-31
Share-based Payment Arrangement, Amount Capitalized 953.00K 2025-01-01 → 2025-12-31
Share-based Payment Arrangement, Expense 15.56M 2025-01-01 → 2025-12-31
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances 521.76M as of 2025-12-31
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost of Land 1.93B as of 2025-12-31
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Prior Lien, Amount 63.74M as of 2025-12-31
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost of Building and Improvements 3.85B as of 2025-12-31
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Face Amount of Mortgages 9.97M as of 2025-12-31
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Principal Amount of Delinquent Loans 0 as of 2025-12-31
Dividends, Preferred Stock, Cash 8.03M 2025-01-01 → 2025-12-31
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate 9.09M as of 2025-12-31
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Cost 5.86B as of 2025-12-31
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Collections of Principal 54.00K 2025-01-01 → 2025-12-31
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Land, Amount 1.92B as of 2025-12-31
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 9.72B as of 2025-12-31
Line of Credit Facility, Maximum Amount Outstanding During Period 461.60M 2025-01-01 → 2025-12-31
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Federal Income Tax Basis 10.00M as of 2025-12-31
Line of Credit Facility, Average Outstanding Amount 153.20M 2025-01-01 → 2025-12-31
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount 17.20M as of 2025-12-31
Letters of Credit Outstanding, Amount 5.50M as of 2025-12-31
Cash, Uninsured Amount 111.90M as of 2025-12-31
Line of Credit Facility, Maximum Borrowing Capacity 1.25B as of 2025-12-31
Dividends, Common Stock, Cash 384.76M 2025-01-01 → 2025-12-31
Management Fee Expense 34.56M 2025-01-01 → 2025-12-31
Derivative, Notional Amount 500.60M as of 2025-12-31
Deferred Credits and Other Liabilities 250.49M as of 2025-12-31
Below Market Lease, Net 208.90M as of 2025-12-31
Amortization of Below Market Lease 17.86M 2025-01-01 → 2025-12-31
Below Market Lease, Amortization Income, Year One 17.07M as of 2025-12-31
Below Market Lease, Amortization Income, Year Two 16.03M as of 2025-12-31
Below Market Lease, Amortization Income, Year Three 14.69M as of 2025-12-31
Below Market Lease, Amortization Income, Year Four 13.29M as of 2025-12-31
Below Market Lease, Amortization Income, Year Five 12.37M as of 2025-12-31
Below Market Lease, Amortization Income, after Year Five 135.43M as of 2025-12-31
Standard and Extended Product Warranty Accrual 5.00M as of 2025-12-31
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation 4.91M 2025-01-01 → 2025-12-31
Standard and Extended Product Warranty Accrual, Decrease for Payments 2.90M 2025-01-01 → 2025-12-31
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value 9.00K as of 2025-12-31
Stock Issued During Period, Value, New Issues 54.24M 2025-01-01 → 2025-12-31
Stock Issued During Period, Value, Dividend Reinvestment Plan 1.84M 2025-01-01 → 2025-12-31
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value 7.00K as of 2025-12-31
Operating Lease, Cost 5.91M 2025-01-01 → 2025-12-31
Variable Lease, Cost 401.00K 2025-01-01 → 2025-12-31
Lease, Cost 7.37M 2025-01-01 → 2025-12-31
Finance Lease, Liability, to be Paid, Year One 713.00K as of 2025-12-31
Finance Lease, Liability, to be Paid, Year Two 748.00K as of 2025-12-31
Finance Lease, Liability, to be Paid, Year Three 801.00K as of 2025-12-31
Finance Lease, Liability, to be Paid, Year Four 801.00K as of 2025-12-31
Finance Lease, Liability, to be Paid, Year Five 802.00K as of 2025-12-31
Finance Lease, Liability, to be Paid, after Year Five 66.27M as of 2025-12-31
Finance Lease, Liability, Payment, Due 70.14M as of 2025-12-31
Finance Lease, Liability, Undiscounted Excess Amount 57.23M as of 2025-12-31
Lessee, Operating Lease, Liability, to be Paid, Year One 5.62M as of 2025-12-31
Lessee, Operating Lease, Liability, to be Paid, Year Two 5.33M as of 2025-12-31
Lessee, Operating Lease, Liability, to be Paid, Year Three 5.39M as of 2025-12-31
Lessee, Operating Lease, Liability, to be Paid, Year Four 5.42M as of 2025-12-31
Lessee, Operating Lease, Liability, to be Paid, Year Five 5.43M as of 2025-12-31
Lessee, Operating Lease, Liability, to be Paid, after Year Five 184.02M as of 2025-12-31
Lessee, Operating Lease, Liability, to be Paid 211.20M as of 2025-12-31
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 138.90M as of 2025-12-31
Utilities Operating Expense 42.70M 2025-01-01 → 2025-12-31
Long-Term Debt, Maturity, Year One 655.60M as of 2025-12-31
Long-Term Debt, Maturity, Year Two 1.00B as of 2025-12-31
Long-Term Debt, Maturity, Year Three 1.16B as of 2025-12-31
Long-Term Debt, Maturity, Year Four 945.43M as of 2025-12-31
Long-Term Debt, Maturity, Year Five 400.68M as of 2025-12-31
Long-Term Debt, Maturity, after Year Five 801.06M as of 2025-12-31
Debt Issuance Costs, Net 3.86M as of 2025-12-31
Unrecognized Tax Benefits 0 as of 2025-12-31
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount 9.10M as of 2025-12-31
Lessor, Operating Lease, Payment to be Received, Year One 849.79M as of 2025-12-31
Lessor, Operating Lease, Payment to be Received, Year Two 809.50M as of 2025-12-31
Lessor, Operating Lease, Payment to be Received, Year Three 714.91M as of 2025-12-31
Lessor, Operating Lease, Payment to be Received, Year Four 618.59M as of 2025-12-31
Lessor, Operating Lease, Payment to be Received, Year Five 514.02M as of 2025-12-31
Lessor, Operating Lease, Payment to be Received, after Year Five 1.94B as of 2025-12-31
Lessor, Operating Lease, Payments to be Received 5.45B as of 2025-12-31
Unit project · 1 concept
Label Value Period
Number of Real Estate Properties 104 as of 2025-12-31
Unit segment · 1 concept
Label Value Period
Number of Reportable Segments 1 2025-01-01 → 2025-12-31
Unit state · 1 concept
Label Value Period
Number of States in which Entity Operates 14 as of 2025-12-31

Other

2 concepts 2 units
Unit US$ · 1 concept
Label Value Period
Stockholders' Equity, Other 175.00K 2025-01-01 → 2025-12-31

Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (FRT CIK 0000034903), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.