Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Federal Realty Investment Trust

FRT stock analysis · Real Estate · Retail REITs

FY 2025-12-31ANNUAL FILINGS
Compare ⇄
These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$123.44HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$10.7B

Price × SEC outstanding shares. Shares measured 2026-04-28. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

How this is calculated ↗
Valuation

Reverse DCF

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

How this is calculated ↗
Valuation

Relative valuation

35.5%

26 sector peers · median 35.9×

How this is calculated ↗
Valuation

Historical multiples

30.3×

5 annual observations · snapshot P/E 26.5× · -12.6% versus history

How this is calculated ↗
Valuation

Free cash flow yield

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

How this is calculated ↗
Quality

ROIC / quality

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

How this is calculated ↗
Valuation

Value composite

Requires three valuation yields and at least five covered sector peers.

Requires three valuation yields and at least five covered sector peers.

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

7.1%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

Requires reported dividends, repurchases and issuance; missing values are not zero.

Requires reported dividends, repurchases and issuance; missing values are not zero.

How this is calculated ↗
Quality

Accrual quality

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

How this is calculated ↗
Momentum

Fundamental momentum

5.0%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 622.4M2020-12-31: cfo $369,929,000.0020202021-12-31: cfo $471,352,000.0020212022-12-31: cfo $516,769,000.0020222023-12-31: cfo $555,830,000.0020232024-12-31: cfo $574,563,000.0020242025-12-31: cfo $622,378,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%
10.0%
12.0%

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-311.3B423.6M622.4M9.1B
2024-12-311.2B304.3M574.6M8.5B
2023-12-311.1B247.2M555.8M8.4B
2022-12-311.1B395.7M516.8M8.2B
2021-12-31951.2M269.1M471.4M7.6B
2020-12-31835.5M135.9M369.9M7.6B
2019-12-31935.8M360.5M461.9M82.8M6.8B
2018-12-31915.4M249M516.7M66.1M6.3B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue1.3BRevenues2026-02-12
netIncome423.6MProfitLoss
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-12
Parent/common earnings proxy403MNetIncomeLossAvailableToCommonStockholdersBasic2026-02-12
cfo622.4MNetCashProvidedByUsedInOperatingActivities2026-02-12
capexNot reported under a supported tag
operatingIncome602.2MOperatingIncomeLoss2026-02-12
assets9.1BAssets2026-02-12
equity3.3BStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-12
Parent book equity proxy3.2BStockholdersEquity2026-02-12
debt5BLongTermDebt2026-02-12
shortDebtNot reported under a supported tag
cash107.4MCashAndCashEquivalentsAtCarryingValue2026-02-12
shares86.4MWeightedAverageNumberOfDilutedSharesOutstanding2026-02-12
dividendsNot reported under a supported tag
buybacksNot reported under a supported tag
issuance54.5MProceedsFromIssuanceOfCommonStock2026-02-12