FEDERAL REALTY INVESTMENT TRUST

10-K & 10-Q Filings

Federal Realty Investment Trust (Federal Realty) is a real estate investment trust (REIT) that specializes in the ownership, management, and redevelopment of high-quality retail and mixed-use properties primarily in the Mid-Atlantic and Northeast regions of the United States, California, and South Florida. The company's business strategy includes maximizing rents and maintaining occupancy levels, increasing rental rates, maintaining a diversified tenant base, minimizing overhead and operating costs, and developing local and regional market expertise. Federal Realty's investment strategy focuses on renovating, expanding, reconfiguring, and retenanting existing properties, acquiring quality retail and mixed-use properties, and developing the retail portions of mixed-use properties. The company's website is www.federalrealty.com, and its ticker symbol is FRT.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$553.06
608.02
637.41
686.09
744.01
801.59
857.35
915.44
935.79
835.49
951.22
1074.38
1132.15
273.06
291.32
6.15%6.69%Cost of Revenue (-)
$-0.00
-0.00
-1.34
-0.15
-0.37
-0.47
114.78
110.93
119.24
118.50
127.82
131.43
32.57
34.06
4.59%Gross Profit (+)
$382.89
428.46
446.96
474.17
510.59
547.98
584.62
800.66
824.86
716.25
832.73
946.55
1000.73
240.49
257.26
8.34%6.97%Selling, General & Administrative (-)
$28.98
31.16
31.97
32.32
35.65
33.40
36.28
33.60
42.75
41.68
49.86
52.64
50.71
12.54
12.01
4.77%-4.30%Depreciation & Amortization (-)
$126.21
142.04
160.83
170.81
174.80
193.59
216.05
244.25
239.76
255.03
279.98
302.41
321.76
78.64
83.40
8.11%6.06%Non-recurring Operating Expenses (-)
$
57.22
Operating Expenses (-)
$325.36
352.76
383.25
415.05
443.86
480.60
525.06
565.72
581.27
586.87
646.45
711.83
735.57
178.95
191.13
7.03%6.80%Costs & Expenses (Total) (-)
$325.36
352.76
383.25
413.72
443.71
480.22
524.59
680.49
692.20
706.11
764.94
839.65
866.99
211.52
225.19
8.51%6.46%Operating Income/Loss (+)
$227.70
255.26
254.16
271.04
300.15
321.00
332.29
349.72
470.91
289.52
394.73
526.41
406.47
95.81
100.19
4.95%4.58%Non-operating Income/Expense (+)
$2.32
2.45
-11.37
-10.54
-17.66
0.05
-12.69
-3.40
-2.01
-19.24
1.25
5.17
3.87
0.52
0.03
4.35%-93.80%Interest Expense (-)
$98.47
113.34
104.98
93.94
92.55
94.99
100.13
110.15
109.62
136.29
127.70
136.99
167.81
39.23
43.69
4.54%11.39%Earnings before Tax (+)
$131.55
144.37
137.81
166.55
189.94
226.05
219.47
236.17
359.28
133.99
268.27
394.59
242.53
57.10
56.53
5.23%-0.99%Income/Loss (Continuing Operations) (+)
$131.55
144.37
137.81
167.89
190.09
226.43
219.95
237.11
360.54
135.89
269.08
395.66
247.22
57.73
58.02
5.40%0.49%Income/Loss (Discontinued Operations) (+)
$18.06
24.80
Profit/Loss (+)
$149.61
156.23
167.61
172.29
218.42
258.88
297.87
249.03
360.54
135.89
269.08
395.66
247.22
57.73
58.02
4.27%0.49%Net Income/Loss (NCI) (-)
$5.70
4.31
4.93
7.75
8.21
8.97
7.96
7.12
6.68
4.18
7.58
10.17
10.23
2.40
1.28
5.00%-46.58%Net Income/Loss (+)
$143.92
151.93
162.68
164.53
210.22
249.91
289.91
241.91
353.87
131.71
261.50
385.49
236.99
55.34
56.74
4.24%2.53%Preferred & Other Distributions (-)
$0.54
0.54
0.54
0.54
0.54
0.54
2.46
8.04
8.04
8.04
8.04
8.03
8.03
2.01
2.01
25.21%0.00%Net Income/Loss (Common) (+)
$143.38
151.38
162.14
163.99
209.68
249.37
287.46
233.87
345.82
123.66
253.46
377.46
228.95
53.33
54.73
3.98%2.63%EPS (Basic)
$2.29
2.36
2.47
2.42
3.04
3.51
3.97
3.18
4.61
1.62
3.26
4.71
2.80
0.65
0.66
1.69%1.54%EPS (Diluted)
$2.28
2.35
2.46
2.41
3.03
3.50
3.97
3.18
4.61
1.62
3.26
4.71
2.80
0.65
0.66
1.73%1.54%Weighted Avg Shares (Basic)
62.44
63.88
65.33
67.32
68.80
70.88
72.12
73.27
74.77
75.52
77.34
79.85
81.31
81.14
82.61
2.23%1.80%Weighted Avg Shares (Diluted)
62.60
64.06
65.48
67.49
68.98
71.05
72.23
73.30
74.77
75.52
77.37
80.51
81.31
81.14
82.61
2.20%1.80%Cash
$67.81
36.99
88.93
47.95
21.05
23.37
15.19
64.09
127.43
798.33
162.13
85.56
250.82
99.45
95.94
11.52%-3.53%Securities & Long-term Investments
$3306.96
3555.38
3798.99
4141.95
4490.36
5029.84
5758.52
5760.33
6082.72
6225.18
6890.97
7388.68
7582.67
7425.37
7572.94
7.16%1.99%Property, Plant & Equipment (Net)
$193.84
288.71
531.21
480.24
433.63
599.26
684.87
495.27
906.60
954.25
747.85
802.59
707.14
798.19
670.90
11.39%-15.95%Other Assets
$91.31
17.48
276.22
305.98
358.68
340.17
471.62
434.80
408.24
400.86
419.10
610.26
499.98
601.03
500.45
15.22%-16.73%Assets (Total)
$3659.91
3898.57
4219.29
4546.87
4911.71
5423.28
6275.76
6289.64
6794.99
7607.62
7622.32
8233.99
8436.51
8269.29
8271.66
7.21%0.03%Accounts Payable
$148.73
168.61
208.66
206.31
212.87
273.20
272.26
256.13
337.18
312.48
321.71
280.60
267.35
286.53
278.41
5.01%-2.83%Debt (Non-current)
$2110.41
2208.60
2321.86
2409.68
2642.37
2798.45
3284.77
3229.20
3502.28
4435.86
4119.58
4397.05
4611.85
4457.06
4496.10
6.73%0.88%Other Liabilities
$160.17
210.76
217.48
238.33
274.54
275.80
327.21
336.98
319.40
310.53
517.89
522.32
515.16
521.46
501.16
10.23%-3.89%Liabilities (Total)
$2419.30
2587.97
2748.00
2854.31
3129.78
3347.44
3884.24
3822.31
4158.86
5058.88
4959.17
5199.98
5394.35
5265.05
5275.67
6.91%0.20%AOCI
$-3.94
-12.39
-1.42
-3.52
-4.11
-2.58
0.02
-0.42
-0.81
-5.64
-2.05
5.76
4.05
4.55
6.90
51.76%Shareholder's Equity
$1240.60
1310.59
1471.30
1692.56
1781.93
2075.84
2391.51
2467.33
2636.13
2548.75
2663.15
3034.01
3042.16
3004.24
2995.99
7.76%-0.27%Liabilities & Equity
$3659.91
3898.57
4219.29
4546.87
4911.71
5423.28
6275.76
6289.64
6794.99
7607.62
7622.32
8233.99
8436.51
8269.29
8271.66
7.21%0.03%Net Income/Loss
$149.61
156.23
167.61
172.29
218.42
258.88
297.87
249.03
360.54
135.89
269.08
395.66
247.22
57.73
58.02
4.27%0.49%Increase/Decrease in Working Capital
$16.13
-7.63
-0.14
2.61
22.89
0.62
-13.16
-27.79
24.17
5.47
-13.10
2.84
-2.83
-8.52
-1.82
78.63%Share-based Compensation
$
13.70
14.31
4.10
4.16
1.54%Adjustments to Reconcile Net Income
$95.10
140.40
146.89
173.84
141.41
160.37
161.31
267.66
101.38
234.04
202.27
121.11
308.61
85.28
83.14
10.31%-2.50%Net Cash (Operating)
$244.71
296.63
314.50
346.13
359.83
419.25
459.18
516.69
461.92
369.93
471.35
516.77
555.83
143.01
141.16
7.08%-1.29%Capital Expenditure
$161.04
132.19
134.34
62.19
203.21
207.74
514.30
80.68
288.40
12.94
369.58
465.84
60.63
35.34
-7.82%Net Cash (Investing)
$-196.37
-273.56
-345.20
-396.15
-353.76
-590.22
-836.80
-192.25
-316.53
-368.38
-660.12
-786.00
-358.32
-100.81
-66.94
33.60%Increase/Decrease in Debt
$105.24
21.79
98.15
15.92
55.61
135.32
394.88
-57.62
94.87
911.77
292.19
70.70
59.18
-115.92
-3.26%-295.88%Increase/Decrease in Equity
$156.86
114.13
186.55
216.16
110.86
329.10
263.57
130.92
143.03
99.18
172.98
307.27
131.90
6.25
6.31
-1.43%1.07%Dividends Paid
$8.02
Net Cash (Financing)
$3.67
-53.89
82.64
9.04
-32.98
173.29
369.44
-241.31
-100.11
661.74
-452.97
190.41
-33.85
-31.27
-229.40
-633.71%Increase/Decrease in Cash
$52.01
-30.82
51.94
-40.98
-26.91
2.32
-8.18
83.13
45.28
663.28
-641.73
-78.81
163.66
10.93
-155.18
10.02%-1519.79%Cash (Beginning)
$15.80
67.81
36.99
88.93
47.95
21.05
23.37
25.20
108.33
153.61
816.90
175.16
96.35
96.35
260.00
16.26%169.86%Cash (Ending)
$67.81
36.99
88.93
47.95
21.05
23.37
15.19
108.33
153.61
816.90
175.16
96.35
260.00
107.28
104.82
11.85%-2.29%NOPAT
$227.70
255.26
254.16
271.04
300.15
321.00
332.29
349.72
470.91
289.52
394.73
526.41
406.47
95.81
100.19
4.95%4.58%Gross Margin %
69.23%
70.47%
70.12%
69.11%
68.63%
68.36%
68.19%
87.46%
88.15%
85.73%
87.54%
88.10%
88.39%
88.07%
88.31%
Operating Margin %
41.17%
41.98%
39.87%
39.50%
40.34%
40.04%
38.76%
38.20%
50.32%
34.65%
41.50%
49.00%
35.90%
35.09%
34.39%
NOPAT Margin %
41.17%
41.98%
39.87%
39.50%
40.34%
40.04%
38.76%
38.20%
50.32%
34.65%
41.50%
49.00%
35.90%
35.09%
34.39%
Net Margin %
26.02%
24.99%
25.52%
23.98%
28.25%
31.18%
33.82%
26.43%
37.81%
15.76%
27.49%
35.88%
20.93%
20.26%
19.48%
ROA
6.22%
6.55%
6.02%
5.96%
6.11%
5.92%
5.29%
5.56%
6.93%
3.81%
5.18%
6.39%
4.82%
1.16%
1.21%
ROE
18.35%
19.48%
17.27%
16.01%
16.84%
15.46%
13.89%
14.17%
17.86%
11.36%
14.82%
17.35%
13.36%
3.19%
3.34%
Equity Multiplier
2.95
2.97
2.87
2.69
2.76
2.61
2.62
2.55
2.58
2.98
2.86
2.71
2.77
2.75
2.76
Debt/Equity Ratio
1.70
1.69
1.58
1.42
1.48
1.35
1.37
1.31
1.33
1.74
1.55
1.45
1.52
1.48
1.50
Dividend Payout Ratio %
3.52%
Total Payout
$-254.08
-135.93
-284.70
-232.07
-166.46
-464.42
-658.45
-73.30
-237.90
-1010.95
-172.98
-599.47
-202.59
-65.43
109.61
267.54%Payout Ratio %
-111.59%
-53.25%
-112.02%
-85.62%
-55.46%
-144.68%
-198.16%
-20.96%
-50.52%
-349.18%
-43.82%
-113.88%
-49.84%
-68.29%
109.40%