Federal Realty Investment Trust
95.47-2.53 (-2.58%)
Oct 29, 4:00:02 PM EDT · NYSE · FRT · USD
Key Stats
Market Cap
8.29BP/E (TTM)
24.17Basic EPS (TTM)
3.95Dividend Yield
0.04%Recent Filings
10-Q
Q2 FY2025 results
Federal Realty's Q2 revenue climbed 5.2% year-over-year to $311.5M, fueled by higher rental rates and acquisitions like Del Monte Shopping Center, while property operating income rose 5.6% to $213.2M amid steady 93.6% occupancy. Operating income surged 29.1% to $202.7M, boosted by a $76.5M gain on real estate sales and $14.2M from new market tax credits, though interest expense ticked up 0.6% to $44.6M; diluted EPS held at $1.78, consistent with 86,611K shares. Cash from operations hit $329.7M for the half-year, up 6.1% y/y, with free cash flow at $204.9M after $124.8M capex (derived), and $177.0M in cash against $4.5B total debt, including a $600M term loan extended to 2028. Liquidity stays solid with $1.23B revolver availability and covenant compliance. Yet tenant bankruptcies could crimp rent collection.
8-K
Strong Q2 earnings, raised guidance
Federal Realty Investment Trust reported robust Q2 2025 results, with net income of $1.78 per diluted share and FFO of $1.91 per share, boosted by $0.15 from NMTC income. The company advanced its capital strategy by acquiring two Kansas retail centers for $289 million on July 1, selling California assets for $143 million, and starting a 258-unit residential project at Santana Row. Portfolio occupancy held at 93.6%, while leasing rolled over at 10% cash growth. Raised 2025 FFO guidance to $7.16-$7.26. Strong leasing persists.
8-K
CFO severance boosted; trustees reelected
Federal Realty Investment Trust amended its CFO Daniel Guglielmone's severance agreement on May 7, 2025, boosting termination benefits to one year of base salary plus annual bonus, reflecting market-aligned executive pay in real estate. At the same shareholder meeting, all seven trustees won reelection with strong majorities, executive compensation drew advisory approval from 67.9 million votes, and Grant Thornton LLP's auditor role was ratified overwhelmingly. This tweak secures key leadership amid competitive talent pressures.
10-Q
Q1 FY2025 results
Federal Realty kicked off 2025 with solid momentum, posting total revenue of $309.2 million, up 6.1% year-over-year, driven by higher rental rates and occupancy climbing to 93.6%. Operating income rose 7.9% to $108.1 million, while diluted EPS hit $0.72, a 9.1% gain that tracks neatly with the 85,472 thousand weighted shares—no dilution quirks here. The Del Monte Shopping Center acquisition in February for $123.5 million bolstered growth, yet rental expenses edged up 10.0% on higher utilities and snow costs, squeezing margins slightly. Cash from operations surged 26.8% to $179.0 million, funding $120.4 million in buys and $59.0 million capex; free cash flow came in at $130.1 million (derived). With $109.2 million cash and $1.21 billion revolver availability, liquidity looks steady, though $644.6 million debt matures soon. But tenant bankruptcies could still crimp rents.
8-K
Federal Realty's Q1 FFO rises 4%
Federal Realty kicked off 2025 with solid Q1 results, posting FFO of $1.70 per share, up from $1.64 last year, driven by 2.8% comparable POI growth and occupancy climbing to 93.6%. They closed the $123.5 million Del Monte Shopping Center acquisition in February, bolstering their coastal portfolio, while extending a $600 million term loan to 2028 for added liquidity. Strong leasing rolled over at 6% cash basis growth. Guidance now eyes 6% FFO expansion, yet tenant vacancies loom as a risk.
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