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Federal Realty Investment Trust

Real Estate US FRT

113.86USD
-0.57(0.50%)

Last update at 2024-10-24T18:56:00Z

Day Range

113.79115.35
LowHigh

52 Week Range

83.35111.30
LowHigh

Fundamentals

  • Previous Close 114.43
  • Market Cap8584.67M
  • Volume136018
  • P/E Ratio30.34
  • Dividend Yield4.18%
  • EBITDA698.79M
  • Revenue TTM1124.18M
  • Revenue Per Share TTM13.85
  • Gross Profit TTM 730.58M
  • Diluted EPS TTM3.44

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 395.66M 269.08M 135.89M 360.54M 237.11M
Minority interest 10.17M 7.58M 4.18M 6.68M 7.12M
Net income 254.74M 132.56M 3.48M 246.25M 241.91M
Selling general administrative 52.64M 49.86M 41.68M 42.75M 33.60M
Selling and marketing expenses - - - - -
Gross profit 717.60M 634.61M 545.33M 637.03M 627.57M
Reconciled depreciation 302.41M 279.98M 255.03M 239.76M 244.25M
Ebit 368.79M 306.83M 289.52M 353.77M 347.26M
Ebitda 671.20M 586.80M 497.48M 593.53M 591.51M
Depreciation and amortization 302.41M 279.98M 207.96M 239.76M 244.25M
Non operating income net other 6.24M 0.81M 1.89M 1.27M -2.45600M
Operating income 368.79M 306.83M 289.52M 353.77M 349.72M
Other operating expenses 711.83M 646.45M 586.87M 581.27M 565.72M
Interest expense 136.99M 127.70M 136.29M 109.62M 110.15M
Tax provision - - - - -
Interest income 1.07M 0.81M 1.89M 1.27M 0.94M
Net interest income -135.91700M -126.88900M -134.39500M -108.35700M -109.21200M
Extraordinary items - - - - 11.91M
Non recurring - - 57.22M - -
Other items - - - - -
Income tax expense 140.92M 136.53M 132.41M 114.29M -4.79600M
Total revenue 1074.38M 951.22M 835.49M 935.79M 915.44M
Total operating expenses 355.05M 329.83M 296.71M 282.51M 277.85M
Cost of revenue 356.78M 316.62M 290.16M 298.76M 287.87M
Total other income expense net 26.87M -37.74800M -153.63600M 6.77M -3.39800M
Discontinued operations - - - - -
Net income from continuing ops 384.73M 515.33M 424.00M 575.12M 237.11M
Net income applicable to common shares 377.46M 253.46M 123.66M 345.82M 233.87M
Preferred stock and other adjustments -369.42300M 8.04M 8.04M 8.04M 8.04M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 8233.99M 7622.32M 7607.62M 6794.99M 6289.64M
Intangible assets 11.85M 13.33M 11.90M 15.70M 15.29M
Earning assets - - - - -
Other current assets 267.41M 237.07M 218.95M 227.06M 265.70M
Total liab 5021.61M 4745.46M 4921.16M 4019.10M 3686.11M
Total stockholder equity 2954.01M 2580.60M 2464.16M 2535.34M 2345.89M
Deferred long term liab - - - - -
Other current liab -627.70900M 111.87M -595.46300M -204.03200M -365.84300M
Common stock 0.82M 0.79M 0.77M 0.76M 0.74M
Capital stock 160.64M 160.79M 160.77M 160.76M 160.74M
Retained earnings -1034.18600M -1066.93200M -988.27200M -791.12400M -818.87700M
Other liab 250.65M 231.52M 172.81M 179.64M 200.77M
Good will - - - - -
Other assets 7407.17M 7294.19M 39.89M 32.16M 47.01M
Cash 85.56M 162.13M 798.33M 127.43M 64.09M
Cash and equivalents 85.56M 162.13M 798.33M 127.43M 64.09M
Total current liabilities 309.11M 347.04M 332.87M 358.88M 274.00M
Current deferred revenue - -446.15900M 152.42M 157.94M 182.90M
Net debt 4389.24M 4030.11M 3637.54M 3374.85M 3165.12M
Short term debt 746.48M 446.16M 547.27M 149.47M 279.03M
Short long term debt - - - 66.86M -
Short long term debt total 4474.80M 4192.24M 4435.86M 3502.28M 3229.20M
Other stockholder equity 3821.80M 3488.79M 3297.30M 3166.52M 3004.44M
Property plant equipment 7388.68M 7031.54M 6225.18M 6082.72M 5760.33M
Total current assets 292.66M 577.75M 1216.95M 537.49M 502.46M
Long term investments 154.66M 22.57M 62.02M 59.03M 57.29M
Net tangible assets 2972.56M 2420.61M 2441.88M 2515.10M 2322.10M
Short term investments 145.21M 13.52M - - -
Net receivables 207.10M 178.55M 199.67M 183.00M 172.67M
Long term debt 320.62M 339.99M 4291.38M 3356.59M 3229.20M
Inventory -267.40600M - - - -
Accounts payable 190.34M 235.17M 228.64M 255.50M 177.92M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity 80.00M 82.55M 84.59M 100.79M 121.44M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 5.76M -2.04700M -5.64400M -0.81300M -0.41600M
Additional paid in capital - - - - -
Common stock total equity 0.82M 0.79M 0.77M 0.76M 0.74M
Preferred stock total equity 159.82M 160.00M 160.00M 160.00M 160.00M
Retained earnings total equity 1034.19M 1066.93M 988.27M 791.12M 818.88M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 7656.09M 6890.97M 6225.18M 6082.72M 5760.33M
Deferred long term asset charges - - - - -
Non current assets total 7941.33M 7044.57M 6390.67M 6257.50M 5787.19M
Capital lease obligations 145.40M 144.69M 144.49M 145.69M 71.52M
Long term debt total 320.62M 339.99M 4291.38M 3356.59M 3229.20M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments 117.43M -0.14500M -2.04700M 1.71M 37.24M
Change to liabilities 0.08M 6.78M 5.62M 2.33M 2.65M
Total cashflows from investing activities -785.99800M -660.11800M -368.38300M -316.53200M -192.24700M
Net borrowings 292.19M -277.64300M 911.77M 94.87M -57.62000M
Total cash from financing activities 190.41M -452.96700M 661.74M -100.10500M -241.30900M
Change to operating activities 9.15M 5.11M -5.05900M -10.36800M 24.22M
Net income 395.66M 269.08M 135.89M 360.54M 249.03M
Change in cash -78.81500M -641.73300M 663.28M 45.28M 83.13M
Begin period cash flow 175.16M 816.90M 153.61M 108.33M 25.20M
End period cash flow 96.35M 175.16M 816.90M 153.61M 108.33M
Total cash from operating activities 516.77M 471.35M 369.93M 461.92M 516.69M
Issuance of capital stock 307.27M 172.98M 99.18M 143.03M 130.92M
Depreciation 302.41M 279.98M 255.03M 239.76M 244.25M
Other cashflows from investing activities -155.88400M -21.99000M 77.12M 296.18M 152.28M
Dividends paid -347.28400M -335.65600M -324.59600M -313.64900M 301.19M
Change to inventory - -6.78200M - -2.32700M -2.07000M
Change to account receivables -12.07100M 1.21M -6.03200M -16.12800M 0.92M
Sale purchase of stock -4.90000M -2.99800M -4.05200M -4.62600M -0.95800M
Other cashflows from financing activities 254.77M -9.65100M 1472.44M 380.18M -12.45500M
Change to netincome -14.60400M -83.22300M -15.51600M 2.18M 7.54M
Capital expenditures 416.70M 440.51M 501.94M 409.91M 368.26M
Change receivables -12.07100M 1.21M -6.03200M -16.12800M 0.92M
Cash flows other operating -154.70300M 5.11M -5.05900M -126.76100M 12.30M
Exchange rate changes - - - - -
Cash and cash equivalents changes -78.81500M -641.73300M 663.28M 45.28M 83.13M
Change in working capital -2.84000M 13.10M -5.47000M -24.16900M 15.43M
Stock based compensation 13.70M - - - -20.87000M
Other non cash items -192.16500M -90.80600M -15.51600M -114.21200M 16.50M
Free cash flow 100.07M 30.84M -132.00700M 52.01M 148.43M

Peer Comparison

Sector: Real Estate Industry: REIT - Retail

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
FRT
Federal Realty Investment Trust
-0.57 0.50% 113.86 30.34 37.31 7.64 3.13 11.76 16.90
SPG
Simon Property Group Inc
-0.66 0.38% 173.16 21.31 24.69 9.77 16.15 12.96 14.98
O
Realty Income Corporation
-0.76 1.18% 63.48 43.10 43.67 10.55 1.30 15.84 18.03
LKREF
Link Real Estate Investment Trust
0.30 6.52% 4.90 - 15.77 1.14 0.61 1.54 26.84
KIM
Kimco Realty Corporation
-0.07 0.29% 23.89 30.65 29.76 7.61 1.41 11.27 15.81

Reports Covered

Stock Research & News

Profile

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, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply. Its 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 102 properties include approximately 3,300 tenants, in 26 million square feet, and approximately 3,100 residential units. Federal Realty has increased its quarterly dividends to its shareholders for 56 consecutive years, the longest record in the REIT industry. Federal Realty is an S&P 500 index member and its shares are traded on the NYSE under the symbol FRT.

Federal Realty Investment Trust

909 Rose Avenue, North Bethesda, MD, United States, 20852

Key Executives

Name Title Year Born
Mr. Donald C. Wood CPA CEO & Director 1961
Mr. Jeffrey S. Berkes Pres & COO 1964
Mr. Daniel Guglielmone Exec. VP, CFO & Treasurer 1967
Ms. Dawn M. Becker Exec. VP, Gen. Counsel & Sec. 1964
Mr. Baris Ipeker VP of Investments & Legal Counsel NA
Ms. Melissa Solis Chief Accounting Officer & Sr. VP 1978
Mr. Porter Bellew Chief Information Officer & VP NA
Ms. Leah Andress Brady VP of Investor Relations NA
Mr. Michael Ennes Sr. VP of Mixed-Use Initiatives & Corp. Communications NA
Ms. Laura Houser VP of HR NA

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