FRT Stock Analysis: Federal Realty Investment | NYSE
REIT - Retail | NYSE, USA | Market Cap: 10.479m USD | 12M Return: 32.9% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 112M
EPS Trend: 86.2%
Qual. Beats: 2
Rev. Trend: 99.7%
Qual. Beats: 4
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 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 an S&P 500 retail REIT founded in 1962 that owns, operates, and redevelops open-air shopping centers and mixed-use destinations, primarily concentrated in major coastal U.S. markets. Its 104-property portfolio spans approximately 28.8 million commercial square feet, around 3,700 tenants, and roughly 2,700 residential units, and includes high-profile destinations such as Santana Row, Pike & Rose, and Assembly Row. The company holds the longest record of consecutive annual dividend increases in the REIT industry, having raised its quarterly dividend for 58 straight years.
As a real estate investment trust, FRT is required by U.S. tax law to distribute at least 90% of its taxable income to shareholders in order to maintain its pass-through tax status, a structural feature that has supported its multi-decade dividend track record. Within the retail REIT sub-industry, FRTs focus on open-air and mixed-use properties in supply-constrained coastal markets reflects a sector-wide shift away from traditional enclosed malls, which have faced sustained pressure from the growth of e-commerce.
- High-quality coastal shopping center occupancy and same-store NOI growth
- Interest rate environment pressures retail REIT valuation multiples
- Mixed-use redevelopment pipeline expands residential rental revenue streams
| Net Income: 506.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 1.51 > 1.0 |
| NWC/Revenue: 8.57% < 20% (prev 0.80%; Δ 7.77% < -1%) |
| CFO/TA 0.07 > 3% & CFO 629.2m > Net Income 506.4m |
| Net Debt (4.90b) to EBITDA (1.09b): 4.51 < 3 |
| Current Ratio: 1.45 > 1.5 & < 3 |
| Outstanding Shares: last quarter (86.7m) vs 12m ago 1.39% < -2% |
| Gross Margin: 53.60% > 18% (prev 67.18%; Δ -13.58% > 0.5%) |
| Asset Turnover: 14.80% > 50% (prev 14.15%; Δ 0.65% > 0%) |
| Interest Coverage Ratio: 3.73 > 6 (EBIT TTM 707.4m / Interest Expense TTM 189.5m) |
| A: 0.01 (Total Current Assets 365.1m - Total Current Liabilities 252.6m) / Total Assets 9.10b |
| B: -0.13 (Retained Earnings -1.16b / Total Assets 9.10b) |
| C: 0.08 (EBIT TTM 707.4m / Avg Total Assets 8.86b) |
| D: 0.60 (Book Value of Equity 3.31b / Total Liabilities 5.53b) |
| Altman-Z'' = 0.83 = B |
| DSRI: 1.01 (Receivables 249.4m/229.4m, Revenue 1.31b/1.22b) |
| GMI: 1.25 (GM 67.18% / 53.60%) |
| AQI: 1.00 (AQ_t 0.95 / AQ_t-1 0.95) |
| SGI: 1.07 (Revenue 1.31b / 1.22b) |
| TATA: -0.01 (NI 506.4m - CFO 629.2m) / TA 9.10b) |
| Beneish M = -2.73 (Cap -4..+1) = A |
As of July 13, 2026, the stock is trading at USD 120.94 with a total of 400,490 shares traded. Over the past week, the price has changed by -0.62%, over one month by -3.01%, over three months by +11.99% and over the past year by +32.86%.
Current recommended Stop Loss: 117.90 (which is 2.5% or 1.5 ATR below the current price).
Federal Realty Investment has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy FRT.
- StrongBuy: 6
- Buy: 5
- Hold: 6
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 126.9 | 5% |
P/E Trailing = 20.8943
P/E Forward = 41.6667
P/S = 7.982
P/B = 3.336
P/EG = 3.6481
Revenue TTM = 1.31b USD
EBIT TTM = 707.4m USD
EBITDA TTM = 1.09b USD
Long Term Debt = 4.85b USD (from longTermDebt, last quarter)
Short Term Debt = 252.6m USD (from shortTermDebt, last quarter)
Debt = 5.02b USD (from shortLongTermDebtTotal, last quarter) + Leases 84.4m
Net Debt = 4.90b USD (calculated: Debt 5.02b - CCE 115.6m)
Enterprise Value = 15.4b USD (10.5b + Debt 5.02b - CCE 115.6m)
Interest Coverage Ratio = 3.73 (Ebit TTM 707.4m / Interest Expense TTM 189.5m)
EV/FCF = 29.07x (Enterprise Value 15.4b / FCF TTM 529.2m)
FCF Yield = 3.44% (FCF TTM 529.2m / Enterprise Value 15.4b)
FCF Margin = 40.35% (FCF TTM 529.2m / Revenue TTM 1.31b)
Net Margin = 38.61% (Net Income TTM 506.4m / Revenue TTM 1.31b)
Gross Margin = 53.60% ((Revenue TTM 1.31b - Cost of Revenue TTM 608.5m) / Revenue TTM)
Gross Margin QoQ = 70.91% (prev 9.14%)
Tobins Q-Ratio = 1.69 (Enterprise Value 15.4b / Total Assets 9.10b)
Interest Expense / Debt = 3.78% (Interest Expense 189.5m / Debt 5.02b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 558.9m (EBIT 707.4m * (1 - 21.00%))
Current Ratio = 1.45 (Total Current Assets 365.1m / Total Current Liabilities 252.6m)
Debt / Equity = 1.52 (Debt 5.02b / totalStockholderEquity, last quarter 3.31b)
Debt / EBITDA = 4.51 (Net Debt 4.90b / EBITDA 1.09b)
Debt / FCF = 9.27 (Net Debt 4.90b / FCF TTM 529.2m)
Total Stockholder Equity = 3.26b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.72% (Net Income 506.4m / Total Assets 9.10b)
RoE = 15.55% (Net Income TTM 506.4m / Total Stockholder Equity 3.26b)
RoCE = 8.73% (EBIT 707.4m / Capital Employed (Equity 3.26b + L.T.Debt 4.85b))
RoIC = 6.19% (NOPAT 558.9m / Invested Capital 9.03b)
WACC = 5.51% (E(10.5b)/V(15.5b) * Re(6.72%) + D(5.02b)/V(15.5b) * Rd(3.78%) * (1-Tc(0.21)))
Discount Rate = 6.72% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 91.11 | Cagr: 2.70%
[DCF] Terminal Value 77.97% ; FCFF base≈465.9m ; Y1≈534.1m ; Y5≈786.1m
[DCF] Fair Price = 80.18 (EV 11.8b - Net Debt 4.90b = Equity 6.93b / Shares 86.4m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 86.22 | EPS CAGR: 29.99% | SUE: 2.56 | # QB: 2
Revenue Correlation: 99.68 | Revenue CAGR: 6.18% | SUE: 2.38 | # QB: 4
EPS current Quarter (2026-06-30): EPS=0.71 | Chg30d=-1.81% | Revisions=-40% | Analysts=5
EPS next Quarter (2026-09-30): EPS=0.72 | Chg30d=-2.24% | Revisions=-25% | Analysts=5
EPS current Year (2026-12-31): EPS=4.02 | Chg30d=+19.17% | Revisions=+40% | GrowthEPS=-15.4% | GrowthRev=+6.2%
EPS next Year (2027-12-31): EPS=3.10 | Chg30d=-2.30% | Revisions=+0% | GrowthEPS=-22.8% | GrowthRev=+4.9%
[Analyst] Revisions Ratio: -10% (up=3, down=4)