Federal Realty Investment Trust financials
$109.83−0.62%
Close Sep 28, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.28B | $1.20B | $1.13B | $1.07B | $948.8M | $832.2M | $932.7M | $912.3M | $857.3M | $801.6M |
| Gross profit | $1.28B | $1.20B | $1.13B | $1.07B | $948.8M | $832.2M | $932.7M | $912.3M | $692.5M | $643.3M |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 80.8% | 80.2% |
| Operating income | $437.9M | $418.3M | $396.6M | $362.6M | $302.4M | $188.1M | $351.5M | $346.6M | $332.3M | $321.0M |
| Net income | $403.0M | $287.2M | $229.0M | $377.5M | $253.5M | $122.7M | $344.8M | $232.9M | $286.5M | $248.7M |
| Net margin | 31.5% | 23.9% | 20.2% | 35.1% | 26.7% | 14.7% | 37.0% | 25.5% | 33.4% | 31.0% |
| Diluted EPS | $4.68 | $3.42 | $2.80 | $4.71 | $3.26 | $1.62 | $4.61 | $3.18 | $3.97 | $3.50 |
| EBITDA | $813.2M | $760.9M | $718.4M | $665.0M | $582.4M | $500.3M | $591.2M | $590.8M | $548.3M | $514.6M |
| Operating cash flow | $622.4M | $574.6M | $555.8M | $516.8M | $449.4M | $369.9M | $461.9M | $516.7M | $458.8M | $427.7M |
| Free cash flow | $330.9M | $327.8M | $243.3M | -$356.5M | $8.8M | -$132.0M | -$152.5M | $148.4M | -$60.1M | -$9.6M |
| Diluted shares | 86.4M | 83.6M | 81.3M | 80.5M | 77.4M | 75.5M | 74.8M | 73.3M | 72.2M | 71.0M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $107.4M | $123.4M | $250.8M | $85.6M | $162.1M | $798.3M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $4.96B | $4.49B | $4.61B | $4.40B | $4.12B | $4.36B |
| Total assets | $9.13B | $8.52B | $8.44B | $8.23B | $7.62B | $7.61B |
| Total liabilities | $5.63B | $5.10B | $5.21B | $5.02B | $4.75B | $4.92B |
| Shareholders' equity | $3.32B | $3.24B | $3.04B | $3.03B | $2.66B | $2.55B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology