(FRT) Federal Realty Investment - Ratings and Ratios
Shopping Centers, Mixed-Use, Residential Units
Dividends
| Dividend Yield | 5.58% |
| Yield on Cost 5y | 7.71% |
| Yield CAGR 5y | -6.11% |
| Payout Consistency | 98.1% |
| Payout Ratio | 146.7% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 18.5% |
| Value at Risk 5%th | 29.9% |
| Relative Tail Risk | -1.64% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.38 |
| Alpha | -19.51 |
| CAGR/Max DD | 0.13 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.327 |
| Beta | 0.739 |
| Beta Downside | 0.687 |
| Drawdowns 3y | |
|---|---|
| Max DD | 27.38% |
| Mean DD | 10.18% |
| Median DD | 10.15% |
Description: FRT Federal Realty Investment November 03, 2025
Federal Realty Investment Trust (NYSE:FRT) is a leading owner-operator of high-quality, retail-focused real estate, concentrated in affluent coastal metros and a few underserved markets where demographic trends support excess retail demand. Founded in 1962, the REIT manages 102 open-air shopping centers and mixed-use districts-including flagship assets such as Santana Row, Pike & Rose, and Assembly Row-encompassing roughly 27 million sq ft of commercial space, 3,500 tenants, and about 3,000 residential units.
Key performance metrics show an occupancy rate of ~96% and a 2023 adjusted Funds From Operations (AFFO) growth of 4.2% YoY, reflecting resilient cash flow despite e-commerce headwinds. The portfolio’s average unlevered cap rate sits near 5.6%, modestly above the S&P 500 REIT median, indicating a premium valuation tied to its high-visibility locations. Macro-driven factors such as rising consumer discretionary spending and limited new supply in core coastal corridors underpin the company’s ability to sustain rent growth and dividend increases.
Federal Realty has raised its quarterly dividend for 58 consecutive years-the longest streak in the REIT sector-supporting a current dividend yield of roughly 5.1% and reinforcing its reputation as a “dividend aristocrat” for income-focused investors.
For a deeper, data-driven analysis of FRT’s valuation dynamics and scenario modeling, you may find ValueRay’s research tools useful as a next step.
Piotroski VR‑10 (Strict, 0-10) 3.5
| Net Income (346.9m TTM) > 0 and > 6% of Revenue (6% = 75.3m TTM) |
| FCFTA 0.06 (>2.0%) and ΔFCFTA 2.35pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 0.37% (prev -1.23%; Δ 1.60pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.07 (>3.0%) and CFO 597.1m > Net Income 346.9m (YES >=105%, WARN >=100%) |
| Net Debt (4.70b) to EBITDA (893.9m) ratio: 5.26 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.01 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (86.0m) change vs 12m ago 2.36% (target <= -2.0% for YES) |
| Gross Margin 67.31% (prev 67.40%; Δ -0.10pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 14.47% (prev 13.95%; Δ 0.52pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 3.03 (EBITDA TTM 893.9m / Interest Expense TTM 177.1m) >= 6 (WARN >= 3) |
Altman Z'' -0.29
| (A) 0.00 = (Total Current Assets 360.3m - Total Current Liabilities 355.6m) / Total Assets 8.86b |
| (B) -0.14 = Retained Earnings (Balance) -1.25b / Total Assets 8.86b |
| (C) 0.06 = EBIT TTM 536.3m / Avg Total Assets 8.67b |
| (D) -0.23 = Book Value of Equity -1.25b / Total Liabilities 5.40b |
| Total Rating: -0.29 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 64.91
| 1. Piotroski 3.50pt |
| 2. FCF Yield 4.10% |
| 3. FCF Margin 42.45% |
| 4. Debt/Equity 1.50 |
| 5. Debt/Ebitda 5.26 |
| 6. ROIC - WACC (= 1.37)% |
| 7. RoE 10.82% |
| 8. Rev. Trend 98.45% |
| 9. EPS Trend -42.39% |
What is the price of FRT shares?
Over the past week, the price has changed by +2.45%, over one month by +1.98%, over three months by -0.93% and over the past year by -8.30%.
Is FRT a buy, sell or hold?
- Strong Buy: 6
- Buy: 5
- Hold: 6
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the FRT price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 110.2 | 10.6% |
| Analysts Target Price | 110.2 | 10.6% |
| ValueRay Target Price | 104.9 | 5.4% |
FRT Fundamental Data Overview December 10, 2025
P/E Trailing = 24.2437
P/E Forward = 30.6748
P/S = 6.5938
P/B = 2.7451
P/EG = 3.6481
Beta = 1.017
Revenue TTM = 1.25b USD
EBIT TTM = 536.3m USD
EBITDA TTM = 893.9m USD
Long Term Debt = 4.72b USD (from longTermDebt, last quarter)
Short Term Debt = 244.1m USD (from shortTermDebt, last quarter)
Debt = 4.81b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 4.70b USD (from netDebt column, last quarter)
Enterprise Value = 12.99b USD (8.29b + Debt 4.81b - CCE 111.3m)
Interest Coverage Ratio = 3.03 (Ebit TTM 536.3m / Interest Expense TTM 177.1m)
FCF Yield = 4.10% (FCF TTM 532.8m / Enterprise Value 12.99b)
FCF Margin = 42.45% (FCF TTM 532.8m / Revenue TTM 1.25b)
Net Margin = 27.64% (Net Income TTM 346.9m / Revenue TTM 1.25b)
Gross Margin = 67.31% ((Revenue TTM 1.25b - Cost of Revenue TTM 410.3m) / Revenue TTM)
Gross Margin QoQ = 67.27% (prev 68.45%)
Tobins Q-Ratio = 1.47 (Enterprise Value 12.99b / Total Assets 8.86b)
Interest Expense / Debt = 0.97% (Interest Expense 46.8m / Debt 4.81b)
Taxrate = -3.00% (negative due to tax credits) (-9.13m / 304.3m)
NOPAT = 552.4m (EBIT 536.3m * (1 - -3.00%)) [negative tax rate / tax credits]
Current Ratio = 1.01 (Total Current Assets 360.3m / Total Current Liabilities 355.6m)
Debt / Equity = 1.50 (Debt 4.81b / totalStockholderEquity, last quarter 3.21b)
Debt / EBITDA = 5.26 (Net Debt 4.70b / EBITDA 893.9m)
Debt / FCF = 8.82 (Net Debt 4.70b / FCF TTM 532.8m)
Total Stockholder Equity = 3.21b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.91% (Net Income 346.9m / Total Assets 8.86b)
RoE = 10.82% (Net Income TTM 346.9m / Total Stockholder Equity 3.21b)
RoCE = 6.76% (EBIT 536.3m / Capital Employed (Equity 3.21b + L.T.Debt 4.72b))
RoIC = 7.27% (NOPAT 552.4m / Invested Capital 7.60b)
WACC = 5.90% (E(8.29b)/V(13.10b) * Re(8.74%) + D(4.81b)/V(13.10b) * Rd(0.97%) * (1-Tc(-0.03)))
Discount Rate = 8.74% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 2.64%
[DCF Debug] Terminal Value 79.21% ; FCFE base≈443.9m ; Y1≈547.6m ; Y5≈934.3m
Fair Price DCF = 161.4 (DCF Value 13.92b / Shares Outstanding 86.3m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: -42.39 | EPS CAGR: -17.81% | SUE: -1.68 | # QB: 0
Revenue Correlation: 98.45 | Revenue CAGR: 6.59% | SUE: 4.0 | # QB: 2
EPS next Quarter (2026-03-31): EPS=0.75 | Chg30d=-0.079 | Revisions Net=+0 | Analysts=4
EPS next Year (2026-12-31): EPS=3.15 | Chg30d=-0.218 | Revisions Net=-4 | Growth EPS=-10.1% | Growth Revenue=+5.2%
Additional Sources for FRT Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle