Is Federal Realty Investment Trust (FRT) overvalued or fairly valued?

MarketChacha shows Federal Realty Investment Trust's valuation in context — a trailing P/E of about 21.3, a forward P/E of about 33.0, a price-to-book of about 2.9 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Federal Realty Investment Trust's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.86×) from reported figures — education, not a rating.

What is Federal Realty Investment Trust's revenue?

Federal Realty Investment Trust reported revenue of $1.3B for FY2025, with net profit of $411.1M, per official filings.

What is the share price of Federal Realty Investment Trust (FRT)?

Federal Realty Investment Trust last traded at $106.64 (+1.8% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

Federal Realty Investment Trust

FRT · NYSE · Real Estate · United States

Snapshot

TickerFRT

ExchangeNYSE

SectorReal Estate

IndustryREIT - Retail

CountryUnited States

Employees314

HeadquartersNorth Bethesda, United States

Websitewww.federalrealty.com

Filings tracked15

About Federal Realty Investment Trust

Federal Realty Investment Trust is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets and select underserved regions with strong economic and demographic fundamentals. Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply. This includes a portfolio of open-air shopping centers and mixed-use destinationssuch as Santana Row, Pike & Rose, and Assembly Row, which together reflect the company's ability to create distinctive, high-performing environments that serve as vibrant destinations for their communities. Federal Realty's 103 properties include approximately 3,700 tenants in 28.8 million commercial square feet, and approximately 2,700 residential units. Federal Realty has increased its quarterly dividends to its shareholders for 59 consecutive years, the longest record in the REIT industry. Federal Realty Investment Trust is based in North Bethesda, Maryland. Federal Realty Investment Trust was incorporated in 1962 in Maryland.

Who owns it

Insiders1.0%
Institutions99.0%
Public & other0.0%

853 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.11.75%
Vanguard Portfolio Management LLC8.31%
State Street Corporation7.35%
NORGES BANK6.48%
Vanguard Capital Management LLC6.26%
Resolution Capital Ltd3.67%
Invesco Ltd.2.94%
AQR Capital Management, LLC2.93%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.86×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend20.9% → 32.1%

Margin has expanded by about 11.2 points — the business is getting more profitable.

Growth qualityrev 6% · PAT 32%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $350.4M · EPS 0.74

Est. earnings growth -52.6%

Next fiscal year

Rev $1.4B · EPS 3.23

Est. earnings growth -13.0%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$1.3B

Net margin

32.1%

ROE

12.7%

Revenue CAGR (2y)

+6.3%

Profit CAGR (2y)

+31.7%

EPS (FY2025)

4.68

Net profit (FY2025)

$411.1M

Ask MarketChacha about FRT

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$1.3B	$411.1M	4.68	32.1%	12.7%
FY2024	$1.2B	$295.2M	3.42	24.6%	9.3%
FY2023	$1.1B	$237.0M	2.80	20.9%	8.0%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q1	$341.1M	$159.1M	1.81	46.6%
2025Q3	$322.3M	$61.6M	0.69	19.1%
2025Q2	$311.5M	$155.9M	1.78	50.0%
2025Q1	$309.2M	$63.8M	0.72	20.6%
2024Q3	$303.6M	$61.0M	0.70	20.1%
2024Q2	$296.1M	$112.0M	1.32	37.8%
2024Q1	$291.3M	$56.7M	0.66	19.5%
2023Q3	$286.6M	$57.0M	0.67	19.9%
2023Q2	$280.7M	$60.5M	0.72	21.6%
2023Q1	$273.1M	$55.3M	0.65	20.3%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Material agreement, Material financial obligation, Unregistered equity sale, Other events, Exhibits
SEC8/11/2026material
8-K — Results of operations, Exhibits
SEC7/31/2026material
10-Q filing
SEC7/31/2026
8-K — Shareholder vote results
SEC5/6/2026material
8-K — Results of operations, Exhibits
SEC5/1/2026material
10-Q filing
SEC5/1/2026
8-K — Material agreement, Termination of agreement, Material financial obligation, Exhibits
SEC4/15/2026material
8-K — Results of operations, Exhibits
SEC2/12/2026material
10-K filing
SEC2/12/2026

2025

8-K — Material agreement, Exhibits
SEC11/20/2025material
8-K — Executive/director change
SEC11/10/2025material
8-K — Results of operations, Exhibits
SEC10/31/2025material
10-Q filing
SEC10/31/2025
8-K — Results of operations, Exhibits
SEC8/6/2025material
10-Q filing
SEC8/6/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.