FRT Stock Analysis: Federal Realty Investment | NYSE
REIT - Retail | NYSE, USA | Market Cap: 10.205m USD | 12M Return: 24.2% | US3137451015 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 92.0M
EPS Trend: 90.9%
Qual. Beats: 0
Rev. Trend: 99.6%
Qual. Beats: 5
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 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: 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 641.6m / 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 641.6m / 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 August 27, 2026, the stock is trading at USD 117.58 with a total of 528,639 shares traded. Over the past week, the price has changed by +0.02%, over one month by -7.51%, over three months by -1.24% and over the past year by +24.21%.
Current recommended Stop Loss: 114.90 (which is 2.3% 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 | 133.3 | 13.3% |
P/E Trailing = 23.5838
P/E Forward = 40.3226
P/S = 7.6419
P/B = 3.1652
P/EG = 3.6481
Revenue TTM = 1.34b USD
EBIT TTM = 641.6m 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 = 15.0b USD (10.2b + Debt 4.94b - CCE 107.4m)
Interest Coverage Ratio = 3.30 (Ebit TTM 641.6m / Interest Expense TTM 194.3m)
EV/FCF = 26.75x (Enterprise Value 15.0b / FCF TTM 562.0m)
FCF Yield = 3.74% (FCF TTM 562.0m / Enterprise Value 15.0b)
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 = 1.66 (Enterprise Value 15.0b / 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 641.6m * (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 641.6m / Capital Employed (Equity 3.28b + L.T.Debt 4.77b))
RoIC = 5.64% (NOPAT 506.8m / Invested Capital 8.99b)
WACC = 5.35% (E(10.2b)/V(15.1b) * Re(6.44%) + D(4.94b)/V(15.1b) * Rd(3.94%) * (1-Tc(0.21)))
Discount Rate = 6.44% (= 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=+0.21% | Revisions=-25% | Analysts=5
EPS current Year (2026-12-31): EPS=4.18 | Chg30d=+3.95% | Revisions=+40% | GrowthEPS=-12.1% | GrowthRev=+6.6%
EPS next Year (2027-12-31): EPS=3.09 | Chg30d=+0.53% | Revisions=+40% | GrowthEPS=-26.0% | GrowthRev=+4.7%
[Analyst] Revisions Ratio: +38% (up=4, down=1)