Federal Realty Investment Trust | REIT Profile

Symbol: FRT
CIK: 34903
Exchange: NYSE
Founded: 1962 (59 years)
HQ: Rockville, MD, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Retail

See FRT on Google Finance
See FRT on Yahoo Finance
See FRT on SEC.gov

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Overall Score: 7.3

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day November 30, 2021


Open Price: $124.4
Closing Price: $122.67
Price Change: -3.32 (-2.635%)
Lowest Price: $122.41
Highest Price: $125.14

52-Week Low: $79.60
52-Week High: $135.56
52-Week Change: 50.39%

5 Day Price Change: -2.97%
1 Month Price Change: 4.69%
3 Month Price Change: 5.37%
6 Month Price Change: 12.21%
YTD Price Change: 52.19%
1 Year Price Change: 48.43%
2 Year Price Change: 3.72%
5 Year Price Change: 6.19%

Dividend of Trading Day November 30, 2021


Dividend Yield: 3.489%*
Annualized Dividend: $4.28*
Dividend Yield (TTM): 3.327%
Annualized Dividend (TTM): $4.1922
Ex-Dividend Date: 2021-09-21
Next Ex-Dividend: 2021-12-31
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)


Funds From Operations (FFO)

Key Stats of Trading Day November 30, 2021


Total Cash: $177,591,000
Current Debt: $565,314,000
Revenue: $916,583,000
Gross Profit: $916,583,000
Total Revenue: $916,583,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $560,264,000
Revenue Per Share: $12
Revenue Per Employee: $2,928,380
Employee: 309
Debt to Equity Ratio (D/E): 3.10
Profit Margin: 0.25%
Enterprise Value (EV): $13,859,493,971
Enterprise Value to Revenue (EV/R): 15.12
Price to Sales (P/S): 10.69
Price to Book (P/B): 4.26
Price/Earnings-to-Growth (PEG) Ratio: 1.42
P/E Ratio: 40.62
P/E High: 39.56
P/E Low: 32.49
Forward P/E Ratio: 59.49
Market Capitalization: $9,542,436,861
Beta: 0.93
Latest Volume: 799,869
Avg. Total Volume: 416,890
Avg. 10-Day Volume: 391,802
Avg. 30-Day Volume: 416,890
TTM EPS: 3.02
Shares Outstanding: 77,789,491
Float: N/A
50-Day Moving Avg.: $125.56
200-Day Moving Avg.: $119.33

Latest REIT Community Comments on #FRT


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Properties Owned by FRT


Properties Based on REIT's Official Presentation

Properties Types States Countries
113 1 19 1

Please visit REIT’s official webpage for the most up-to-date property list.

FRT Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $130.06 per share you would have been able to buy 7 shares of FRT on 2020-12-01 costing $910.42 @ $130.06 per share you would have been able to buy 3 shares of FRT on 2020-12-01 costing $390.18 @ $130.06 per share you would have been able to buy 1 shares of FRT on 2020-12-01 costing $130.06 @ $130.06 per share you would have been able to buy 0 shares of FRT on 2020-12-01 costing $0.00 @ $130.06 per share you would have been able to buy 0 shares of FRT on 2020-12-01 costing $0.00
Current worth On 2021-11-30 these 7 shares would be worth $858.69 @ $122.67 On 2021-11-30 these 3 shares would be worth $368.01 @ $122.67 On 2021-11-30 these 1 shares would be worth $122.67 @ $122.67 On 2021-11-30 these 0 shares would be worth $0.00 @ $122.67 On 2021-11-30 these 0 shares would be worth $0.00 @ $122.67
Dividends earned $29.75 in dividends would have been earned since 2020-12-01 with 7 shares. $13 in dividends would have been earned since 2020-12-01 with 3 shares. $4.25 in dividends would have been earned since 2020-12-01 with 1 shares. $0.00 in dividends would have been earned since 2020-12-01 with 0 shares. $0.00 in dividends would have been earned since 2020-12-01 with 3 shares.
Net (gain / loss)* -21.98 USD -9.42 USD -3.14 USD 0.00 USD 0.00 USD
ROI** -2.41% -2.41% -2.41% nan% nan%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by FRT. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
FRT 2021-09-21 1.070 0.94% 2021-08-04 2021-09-22 2021-10-15
FRT 2021-06-21 1.060 --- 2021-05-05 2021-06-22 2021-07-15
FRT 2021-03-15 1.060 --- 2021-02-11 2021-03-16 2021-04-15
FRT 2020-12-31 1.060 --- 2020-11-05 2021-01-04 2021-01-15
FRT 2020-09-21 1.060 0.95% 2020-08-05 2020-09-22 2020-10-15
FRT 2020-06-19 1.050 --- 2020-05-06 2020-06-22 2020-07-15
FRT 2020-03-13 1.050 --- 2020-02-10 2020-03-16 2020-04-15
FRT 2019-12-31 1.050 --- 2019-10-30 2020-01-02 2020-01-15
FRT 2019-09-20 1.050 2.94% 2019-08-01 2019-09-23 2019-10-15
FRT 2019-06-20 1.020 --- 2019-05-02 2019-06-21 2019-07-15
FRT 2019-03-13 1.020 --- 2019-02-13 2019-03-14 2019-04-15
FRT 2018-12-31 1.020 --- 2018-10-31 2019-01-02 2019-01-15
FRT 2018-09-20 1.020 2.00% 2018-08-01 2018-09-21 2018-10-15
FRT 2018-06-21 1.000 --- 2018-05-02 2018-06-22 2018-07-16
FRT 2018-03-13 1.000 --- 2018-02-13 2018-03-14 2018-04-16
FRT 2017-12-29 1.000 --- 2017-11-01 2018-01-02 2018-01-16
FRT 2017-09-21 1.000 2.04% 2017-08-02 2017-09-22 2017-10-16
FRT 2017-06-20 0.980 --- 2017-05-03 2017-06-22 2017-07-17
FRT 2017-03-10 0.980 --- 2017-02-13 2017-03-14 2017-04-17
FRT 2016-12-29 0.980 --- 2016-11-02 2017-01-03 2017-01-17

Financial Statements Overview


The next Earnings Report for FRT is 2022-02-10

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-06-30 2021-03-31 2020-12-31 2020-06-30
Current Cash 304,268,000 779,901,000 798,329,000 980,039,000
Receivables 153,293,000 161,249,000 159,780,000 167,641,000
Inventory 0 0 0 0
Current Assets 698,089,000 1,208,460,000 1,216,954,000 1,384,305,000
Current Assets (Other) 230,994,000 227,431,000 218,953,000 206,293,000
Short Term Investments 230,994,000 227,431,000 218,953,000 206,293,000
Long-term Investments 6,980,787,000 6,461,141,000 6,390,670,000 6,405,625,000
Property, Plant & Equipment Net 6,826,296,000 6,315,477,000 6,225,178,000 6,237,494,000
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 50,474,000 50,795,000 51,116,000 51,758,000
Net Tangible Assets 2,330,092,000 2,360,981,000 2,304,160,000 2,274,287,000
Total Assets 7,678,876,000 7,669,601,000 7,607,624,000 7,789,930,000
Accounts Payable 0 0 0 0
Liabilities (Other) 0 0 0 0
Current Liabilities (Other) 571,311,000 516,481,000 485,292,000 491,691,000
Total Current Liabilities 571,311,000 516,481,000 969,403,000 491,691,000
Current Long-term Debt 0 0 484,111,000 0
Long-term Debt 4,244,974,000 4,346,955,000 3,879,313,000 4,534,028,000
Total Liabilities 5,188,787,000 5,148,623,000 5,143,467,000 5,355,646,000
Minority Interest 298,373,000 222,164,000 222,310,000 256,400,000
Common Stock 77,474,000 76,842,000 75,902,000 3,171,240,000
Retained Earnings -1,062,641,000 -1,024,417,000 -988,272,000 -889,195,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 2,490,089,000 2,520,978,000 2,464,157,000 2,434,284,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-06-30 2021-03-31 2020-12-31 2020-06-30
Total Revenue 231,625,000 218,161,000 219,513,000 176,227,000
Cost of Revenue 0 0 0 0
Gross Profit 231,625,000 218,161,000 219,513,000 176,227,000
Research and Development 0 0 0 0
Selling General and Admin 12,846,000 10,258,000 12,307,000 9,814,000
Operating Expense 152,762,000 154,128,000 155,554,000 143,486,000
Operating Income 78,863,000 64,033,000 63,959,000 32,741,000
Income Expense Net (Other) 0 0 0 0
EBIT 78,986,000 64,033,000 63,959,000 32,741,000
Interest Income 30,927,000 31,722,000 37,004,000 33,564,000
Pretax Income 48,059,000 49,739,000 102,211,000 10,859,000
Income Tax 0 0 0 0
Minority Interest 1,855,000 1,503,000 7,486,000 352,000
Net Income 43,895,000 45,932,000 91,722,000 8,496,000
Net Income Basic 43,895,000 45,932,000 91,722,000 8,496,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-06-30 2021-03-31 2020-12-31 2020-06-30
Net Income 43,895,000 45,932,000 91,722,000 8,496,000
Depreciation 67,675,000 63,874,000 255,027,000 124,972,000
Changes in Receivables 153,293,000 161,249,000 159,780,000 14,398,000
Changes in Inventories 0 0 0 0
Cash Change 304,268,000 779,901,000 798,329,000 -14,649,000
Cash Flow 132,103,000 115,106,000 101,507,000 181,382,000
Capital Expenditures -133,911,000 -83,716,000 -501,936,000 -243,569,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -435,133,000 -74,841,000 5,189,000 -257,198,000
Dividends Paid 0 0 0 0
Net Borrowings 3,700,178,000 3,299,744,000 3,306,250,000 3,317,364,000
Cash Flow Financing -285,914,000 48,719,000 -178,239,000 923,439,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

About Federal Realty Investment Trust


Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, D.C. to Boston as well as San Francisco and Los Angeles. Founded in 1962, our mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply. Our expertise includes creating urban, mixed-use neighborhoods like Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Row in Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities. Federal Realty's 104 properties include over 2,800 tenants, in approximately 24 million square feet, and over 1,800 residential units.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
5 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.6
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.4
9 Dividend to FFO Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Payout Ratios during the last four quarters. 8.8
10 Dividend to FFO Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Payout Ratios trend during the last two years. 7.7
Rating AFFO & Efficiency Section Avg. Rating
7 FFO Trend: Analysis of the REIT’s FFO trend during the last two years. 7.8
7 FFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.9
10 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.6
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.1
Rating Leverage Section Avg. Rating
9 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.4
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.8
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.9
6 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
4 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
5 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.8
Rating Asset & Revenue Section Avg. Rating
3 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 5.4
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.1
Rating Properties Section Avg. Rating
7 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.1
4 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 6.3
8 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
8 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.0
Rating Market Cap Section Avg. Rating
4 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.2
7.3 Overall REITRating™ Score (See trend) 6.1

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

REITProperty


Below are some of the properties owned by this FRT. Please click on the property name to see more details. See complete list of properties.

Name Type Address City State
The Ranch by First Industrial Retail 6310 Hellman Ave Eastvale CA
First Logistics Center Retail 112 & 122 Bordnersville Road Jonestown PA
First 20/35 Logistics Center Retail 2810 Danieldale Road Lancaster TX

Related REITs


REIT REITRating™ Score Exchange Market Capitalization Sector Country
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Brandywine Realty Trust (BDN) 7.7 NYSE Mid-Cap Office Residential United States
Pennymac Mortgage Investment Trust (PMT) 5.1 NYSE Small-Cap Mortgage United States

Last updated: 2021-12-01 - v2.4