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FEDERAL REALTY INVESTMENT TRUST FRT

NYSE · reit · Real Estate Investment Trusts · website · IPO 1984-12-17 · LEI

FEDERAL REALTY INVESTMENT TRUST statistics & valuation

Market cap$10.9B
P / E26.5×
P / S8.5×
P / B3.3×
Net margin32.1%
Return on equity12.4%
Net debt$4.9B
Net debt / EBITDA5×
Enterprise value USD$15.8B
EV / EBITDA16.2×
Earnings yield EBIT/EV3.8%
Graham number -46.5%$63.60

Market cap as of 2026-06-30. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($63.60); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
31.20% 33.80% 26.40% 37.80% 15.80% 27.50% 35.90% 20.90% 24.60% 32.10% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
40.00% 47.80% 39.50% 50.30% 34.70% 41.50% 49.00% 35.90% 39.30% 47.10% 2016201720182019202020212022202320242025
Return on equity (%)
12.00% 12.10% 9.80% 13.40% 5.20% 9.80% 12.70% 7.80% 9.10% 12.40% 2016201720182019202020212022202320242025
Shares outstanding
72.0M 73.1M 74.2M 75.5M 76.7M 78.6M 81.3M 82.8M 85.7M 86.4M 2016201720182019202020212022202320242025
Net debt ($)
$2.72B $3.22B $3.11B $3.24B $3.51B $3.90B $4.26B $4.36B $4.37B $4.86B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
4.60% 4.60% 3.80% 5.20% 1.70% 3.40% 4.70% 2.80% 3.50% 4.50% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
1.32× 1.35× 1.29× 1.28× 1.69× 1.53× 1.43× 1.52× 1.39× 1.50× 2016201720182019202020212022202320242025
EPS ($)
$3.50 $3.97 $3.18 $4.61 $1.62 $3.26 $4.71 $2.80 $3.42 $4.68 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

FEDERAL REALTY INVESTMENT TRUST trades at about 25.4× earnings — below its 10-year norm (10-year range 21.6×–54×, median 36.3×).

21.6× 54×

Shaded band = 10-year range (21.6×–54×); dot = today's 25.4×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin47.1%39.3%35.9%49.0%41.5%34.7%50.3%39.5%47.8%40.0%
Net margin32.1%24.6%20.9%35.9%27.5%15.8%37.8%26.4%33.8%31.2%
Return on assets4.5%3.5%2.8%4.7%3.4%1.7%5.2%3.8%4.6%4.6%
Return on equity12.4%9.1%7.8%12.7%9.8%5.2%13.4%9.8%12.1%12.0%
Debt / equity1.50×1.39×1.52×1.43×1.53×1.69×1.28×1.29×1.35×1.32×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.