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CompareEarnings: May 31, 2026

Federal Realty Investment Trust.

Exchange: NYSESector: Real EstateIndustry: REIT - Retail

Federal Realty 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. Founded in 1962, 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 destinations—such 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. As of December 31, 2025, Federal Realty's 104 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 58 consecutive years, the longest record in the REIT industry. The company is an S&P 500 index member and its shares are traded on the NYSE under the symbol FRT.

Did you know?

FRT's revenue grew at a 5.3% CAGR over the last 6 years.

Current Price

$111.50

+1.24%

GoodMoat Value

$72.49

35.0% overvalued
Profile
Valuation (TTM)
Market Cap$9.62B
P/E23.87
EV$13.87B
P/B2.96
Shares Out86.27M
P/Sales7.52
Revenue$1.28B
EV/EBITDA15.11

Federal Realty Investment Trust. (FRT) Company Profile

GoodMoat Analysis

Based on data as of March 26, 2026

Federal Realty Investment Trust is a high-quality retail REIT with a durable moat from its portfolio of prime, open-air shopping centers. However, its current valuation appears unfavourable, trading at a significant premium to the GoodMoat Target price and showing a negative Free Cash Flow Yield.

Read full analysis
Federal Realty Investment Trust (FRT) is a Real Estate Investment Trust (REIT) that owns, operates, and redevelops a premier portfolio of open-air, mixed-use shopping centers and street retail properties. The company's primary customers are national and regional retailers who pay rent to lease space in its properties. Its moat, assessed using the GoodMoat framework, stems from its 'Niche Dominance' and 'Scale Privilege.' It is a dominant owner of high-quality retail real estate in affluent, supply-constrained coastal markets, a niche that is difficult for new entrants to replicate due to high land costs and zoning restrictions. This prime location strategy creates significant switching costs for tenants, as there are few comparable sites. However, the data reveals key risks. A Debt/Equity ratio of 1.55 indicates a leveraged balance sheet, which is a medium confidence red flag for macro sensitivity, as rising interest rates can pressure profits. The negative Free Cash Flow Yield of -4.5% is a high confidence red flag for 'Cash Burn,' suggesting the company is spending heavily on redevelopment, which may not be immediately accretive to earnings. A value investor might be interested in the company's strong operating margin of 35.3% and its 4.36% dividend yield, but would be cautious given the stock's P/E of 22.1x and a market price of $103.27, which is 42% above the GoodMoat Target of $72.49, indicating a severe lack of margin of safety. Analysis based on data as of 2024-05-15.

FRT Company Information

Federal Realty 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.

Founded in 1962, 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 destinations—such 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.

As of December 31, 2025, Federal Realty's 104 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 58 consecutive years, the longest record in the REIT industry.

The company is an S&P 500 index member and its shares are traded on the NYSE under the symbol FRT.

Sector

Real Estate

Industry

REIT - Retail

Exchange

NYSE

Country

Maryland, USA

FRT Key Officers

Key officers data coming soon

FRT Company Profile

Federal Realty Investment Trust. (FRT) is a Real Estate company in the REIT - Retail industry. It trades on NYSE. The company is based in Maryland, USA.

Federal Realty 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. Founded in 1962, 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 destinations—such 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. As of December 31, 2025, Federal Realty's 104 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 58 consecutive years, the longest record in the REIT industry. The company is an S&P 500 index member and its shares are traded on the NYSE under the symbol FRT.

Market cap is $9.62B. There are 86.3M shares outstanding. Dividend yield is 4.03%.

See the full Federal Realty Investment Trust. profile on GoodMoat. It covers key officers, financial metrics, and sector details. You can also use GoodMoat's DCF calculator, fair value models, and quality score to help decide if FRT is a good investment.