FRT Stock Analysis: Federal Realty Investment | NYSE
REIT - Retail | NYSE, USA | Market Cap: 9.284m USD | 12M Return: 13.9% | US3137451015 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 104M
EPS Trend: 90.9%
Qual. Beats: 0
Rev. Trend: 99.6%
Qual. Beats: 5
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Federal Realty Investment Trust (NYSE: FRT) is a leading retail-focused real estate investment trust (REIT) that owns, operates, and redevelops high-quality open-air shopping centers and mixed-use destinations, primarily in major coastal U.S. markets and select high-demand underserved regions. The company pursues long-term, sustainable growth by investing in communities where retail demand exceeds supply, creating distinctive destinations such as Santana Row, Pike & Rose, and Assembly Row that serve as vibrant community hubs. As a capital-intensive, asset-heavy REIT, Federal Realtys revenue is largely driven by rental income from its commercial tenants, supplemented by residential rental income.
Federal Realtys portfolio consists of 103 properties totaling approximately 28.8 million commercial square feet, housing around 3,700 tenants, alongside approximately 2,500 residential units. The company has increased its quarterly dividend for 59 consecutive years, holding the longest record in the REIT industry. Headquartered in North Bethesda, Maryland, Federal Realty was incorporated in 1962 and has been publicly traded since its 1973 IPO.
- Same-store NOI growth in coastal shopping centers lifts FRT earnings
- Interest rate path pressures cap rates and REIT valuation multiples
- 59-year dividend growth streak anchors FRT income investor appeal
| Net Income: 436.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 2.19 > 1.0 |
| NWC/Revenue: 8.81% < 20% (prev 7.18%; Δ 1.63% < -1%) |
| CFO/TA 0.09 > 3% & CFO 816.9m > Net Income 436.2m |
| Net Debt (4.83b) to EBITDA (1.03b): 4.67 < 3 |
| Current Ratio: 1.47 > 1.5 & < 3 |
| Outstanding Shares: last quarter (86.2m) vs 12m ago -0.49% < -2% |
| Gross Margin: 54.05% > 18% (prev 67.26%; Δ -13.21% > 0.5%) |
| Asset Turnover: 15.11% > 50% (prev 14.33%; Δ 0.78% > 0%) |
| Interest Coverage Ratio: 3.30 > 6 (EBIT TTM 641.5m / Interest Expense TTM 194.3m) |
| A: 0.01 (Total Current Assets 369.4m - Total Current Liabilities 251.7m) / Total Assets 9.06b |
| B: -0.13 (Retained Earnings -1.18b / Total Assets 9.06b) |
| C: 0.07 (EBIT TTM 641.5m / Avg Total Assets 8.84b) |
| D: 0.62 (Book Value of Equity 3.36b / Total Liabilities 5.44b) |
| Altman-Z'' = 0.80 = B |
| DSRI: 1.03 (Receivables 262.1m/235.1m, Revenue 1.34b/1.24b) |
| GMI: 1.24 (GM 67.26% / 54.05%) |
| AQI: 1.01 (AQ_t 0.95 / AQ_t-1 0.94) |
| SGI: 1.08 (Revenue 1.34b / 1.24b) |
| TATA: -0.04 (NI 436.2m - CFO 816.9m) / TA 9.06b) |
| Beneish M = -2.72 (Cap -4..+1) = A |
As of October 12, 2026, the stock is trading at USD 106.16 with a total of 720,259 shares traded. Over the past week, the price has changed by -0.50%, over one month by -6.82%, over three months by -11.12% and over the past year by +13.94%.
Current recommended Stop Loss: 102.10 (which is 3.8% or 2.5 ATR below the current price).
Federal Realty Investment has received a consensus analysts rating of 4.11. Therefore, it is recommended to buy FRT.
- StrongBuy: 8
- Buy: 5
- Hold: 6
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 130.7 | 23.2% |
P/E Trailing = 21.4545
P/E Forward = 34.7222
P/S = 6.952
P/B = 2.9659
P/EG = 3.6481
Revenue TTM = 1.34b USD
EBIT TTM = 641.5m USD
EBITDA TTM = 1.03b USD
Long Term Debt = 4.77b USD (from longTermDebt, last quarter)
Short Term Debt = 251.7m USD (from shortTermDebt, last quarter)
Debt = 4.94b USD (from shortLongTermDebtTotal, last quarter) + Leases 83.9m
Net Debt = 4.83b USD (calculated: Debt 4.94b - CCE 107.4m)
Enterprise Value = 14.1b USD (9.28b + Debt 4.94b - CCE 107.4m)
Interest Coverage Ratio = 3.30 (Ebit TTM 641.5m / Interest Expense TTM 194.3m)
EV/FCF = 25.11x (Enterprise Value 14.1b / FCF TTM 562.0m)
FCF Yield = 3.98% (FCF TTM 562.0m / Enterprise Value 14.1b)
FCF Margin = 42.07% (FCF TTM 562.0m / Revenue TTM 1.34b)
Net Margin = 32.66% (Net Income TTM 436.2m / Revenue TTM 1.34b)
Gross Margin = 54.05% ((Revenue TTM 1.34b - Cost of Revenue TTM 613.8m) / Revenue TTM)
Gross Margin QoQ = 69.15% (prev 70.91%)
Tobins Q-Ratio = 1.56 (Enterprise Value 14.1b / Total Assets 9.06b)
Interest Expense / Debt = 3.94% (Interest Expense 194.3m / Debt 4.94b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 506.8m (EBIT 641.5m * (1 - 21.00%))
Current Ratio = 1.47 (Total Current Assets 369.4m / Total Current Liabilities 251.7m)
Debt / Equity = 1.47 (Debt 4.94b / totalStockholderEquity, last quarter 3.36b)
Debt / EBITDA = 4.67 (Net Debt 4.83b / EBITDA 1.03b)
Debt / FCF = 8.59 (Net Debt 4.83b / FCF TTM 562.0m)
Total Stockholder Equity = 3.28b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.93% (Net Income 436.2m / Total Assets 9.06b)
RoE = 13.28% (Net Income TTM 436.2m / Total Stockholder Equity 3.28b)
RoCE = 7.97% (EBIT 641.5m / Capital Employed (Equity 3.28b + L.T.Debt 4.77b))
RoIC = 5.64% (NOPAT 506.8m / Invested Capital 8.99b)
WACC = 5.25% (E(9.28b)/V(14.2b) * Re(6.39%) + D(4.94b)/V(14.2b) * Rd(3.94%) * (1-Tc(0.21)))
Discount Rate = 6.39% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 90.57 | Cagr: 1.90%
[DCF] Terminal Value 77.97% ; FCFF base≈475.7m ; Y1≈545.3m ; Y5≈802.5m
[DCF] Fair Price = 83.41 (EV 12.1b - Net Debt 4.83b = Equity 7.25b / Shares 86.9m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 90.89 | EPS CAGR: 37.68% | SUE: 0.06 | # QB: 0
Revenue Correlation: 99.64 | Revenue CAGR: 6.52% | SUE: 1.40 | # QB: 5
EPS current Quarter (2026-09-30): EPS=0.72 | Chg30d=-0.17% | Revisions=-25% | Analysts=4
EPS current Year (2026-12-31): EPS=4.25 | Chg30d=+0.76% | Revisions=+50% | GrowthEPS=-10.4% | GrowthRev=+6.7%
EPS next Year (2027-12-31): EPS=3.09 | Chg30d=-3.08% | Revisions=+50% | GrowthEPS=-27.3% | GrowthRev=+4.9%
[Analyst] Revisions Ratio: +50% (up=6, down=1)