FRT
Federal Realty Investment Trust
NYSE · Real Estate · REIT - Retail · US
$113.61
+1.76%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 1.4B | 1.3B | 1.2B | 1.1B | 1.1B |
| Cost of Revenue | 617.2M | 1.2B | 391.8M | 363.1M | 356.8M |
| Gross Profit | 734.6M | 124.4M | 810.7M | 769.1M | 717.6M |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | — |
| SG&A Expense | 39.2M | 46.9M | 49.7M | 50.7M | 52.6M |
| General & Admin Expense | 39.2M | 46.9M | 49.7M | 50.7M | 52.6M |
| Selling & Marketing Expense | — | — | — | — | — |
| Other Expenses | 228.6M | (382.0M) | 288.6M | 311.9M | 138.6M |
| Total Operating Expenses | 267.8M | (335.1M) | 338.3M | 362.6M | 191.2M |
| Cost and Expenses | 885.0M | 819.3M | 730.1M | 725.7M | 548.0M |
| Operating Income (EBIT) | 466.8M | 459.5M | 472.4M | 406.5M | 526.4M |
| Non-Operating | |||||
| Interest Income | 4.2M | 4.3M | 4.3M | 4.7M | 1.1M |
| Interest Expense | 197.1M | 181.1M | 175.5M | 167.8M | 137.0M |
| Net Interest Income | (192.9M) | (176.9M) | (171.2M) | (163.1M) | (135.9M) |
| Other Non-Op Income/Expense | (15.6M) | (35.9M) | (168.0M) | (159.3M) | (130.7M) |
| Non-Operating Income (excl Interest) | (182.1M) | (145.2M) | (7.5M) | (8.6M) | (6.2M) |
| EBT (Pre-Tax Income) | 451.2M | 423.6M | 304.3M | 247.2M | 395.7M |
| Income Tax Expense | — | — | — | — | — |
| Bottom Line | |||||
| Net Income | 440.7M | 411.1M | 295.2M | 237.0M | 385.5M |
| Earnings from Cont. Ops | 451.2M | 423.6M | 304.3M | 247.2M | 395.7M |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 437.8M | 409.7M | 285.9M | 227.7M | 378.9M |
| Per Share | |||||
| Basic EPS | $5.06 | $4.79 | $3.42 | $2.80 | $4.71 |
| Diluted EPS | $5.07 | $4.79 | $3.42 | $2.80 | $4.71 |
| Revenue Per Share | $15.62 | $14.90 | $14.39 | $13.92 | $13.45 |
| Shares | |||||
| Basic Shares Outstanding | 86.6M | 85.9M | 83.6M | 81.3M | 79.9M |
| Diluted Shares Outstanding | 86.6M | 85.9M | 83.6M | 81.3M | 80.5M |
| Profitability Metrics | |||||
| EBITDA | 1.0B | 972.6M | 822.4M | 736.8M | 835.1M |
| D&A | 397.5M | 367.8M | 342.6M | 321.8M | 302.4M |
| EBIT | 648.9M | 604.8M | 479.8M | 415.0M | 532.6M |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026