15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 8.9% per year over the past 5 years.
Net income has grown faster than revenue (25.6% vs 8.9% per year).
Operating margin has expanded, at 47.1% in the latest year.
Financial health
Total debt ($5.0B) exceeds cash ($107M); net debt is $4.9B.
Total debt has grown slower than revenue (2.9% vs 8.9% per year).
Operating income covered interest expense 3.3× in the latest year, up from 2.1× 5 years ago.
Total debt is 5.1× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$1.3B
$411M
0.0%
47.1%
12.7%
4.5%
—
$5.0B
$107M
2024
$1.2B
$295M
0.0%
39.3%
9.3%
3.5%
—
$4.5B
$123M
2023
$1.1B
$237M
0.0%
35.9%
8.0%
2.8%
—
$4.6B
$251M
2022
$1.1B
$385M
0.0%
49.0%
13.0%
4.7%
—
$4.3B
$86M
2021
$951M
$261M
0.0%
41.5%
10.1%
3.4%
—
$4.1B
$162M
2020
$835M
$132M
0.0%
34.7%
5.3%
1.7%
—
$4.3B
$798M
2019
$936M
$354M
0.0%
50.3%
14.0%
5.2%
—
$3.4B
$127M
2018
$915M
$242M
0.0%
39.5%
10.3%
3.8%
—
$3.2B
$64M
2017
$857M
$290M
0.0%
47.8%
12.8%
4.6%
—
$3.2B
$15M
2016
$802M
$250M
0.0%
40.0%
12.6%
4.6%
—
$2.7B
$23M
2015
$744M
$210M
0.0%
40.3%
12.6%
4.3%
—
$2.6B
$21M
2014
$686M
$165M
0.0%
39.5%
10.3%
3.6%
—
$2.3B
$48M
2013
$637M
$163M
0.0%
39.9%
11.2%
3.9%
—
$2.2B
$89M
2012
$606M
$152M
0.0%
41.9%
11.8%
3.9%
—
$2.1B
$37M
2011
$551M
$144M
0.0%
41.1%
11.8%
3.9%
—
$2.0B
$68M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Mar '26
$341M
$159M
0.0%
61.3%
4.8%
1.7%
—
—
$116M
Sep '25
$322M
$62M
0.0%
34.3%
1.9%
0.7%
—
—
$111M
Jun '25
$312M
$156M
0.0%
65.1%
4.8%
1.8%
—
—
$177M
Mar '25
$309M
$64M
0.0%
35.0%
2.0%
0.7%
—
—
$109M
Dec '24
$311M
$66M
0.0%
35.1%
2.1%
0.8%
—
$4.5B
$123M
Sep '24
$304M
$61M
0.0%
34.9%
2.0%
0.7%
—
—
$97M
Jun '24
$296M
$112M
0.0%
53.0%
3.7%
1.3%
—
—
$103M
Mar '24
$291M
$57M
0.0%
34.4%
1.9%
0.7%
—
—
$96M
Dec '23
$292M
$64M
0.0%
37.3%
2.2%
0.8%
—
$4.6B
$251M
Sep '23
$287M
$57M
0.0%
34.9%
2.0%
0.7%
—
—
$98M
Jun '23
$281M
$60M
0.0%
36.3%
2.1%
0.7%
—
—
$98M
Mar '23
$273M
$55M
0.0%
35.1%
1.9%
0.7%
—
—
$99M
Dec '22
$280M
$116M
0.0%
55.4%
3.9%
1.4%
—
$4.3B
$86M
Sep '22
$273M
$156M
0.0%
70.1%
5.4%
1.9%
—
—
$146M
Jun '22
$264M
$62M
0.0%
35.4%
2.2%
0.8%
—
—
$177M
Mar '22
$257M
$52M
0.0%
33.5%
2.0%
0.7%
—
—
$158M
Dec '21
$254M
$115M
0.0%
58.0%
4.5%
1.5%
—
$4.1B
$162M
Sep '21
$247M
$52M
0.0%
34.6%
2.1%
0.7%
—
—
$178M
Jun '21
$232M
$46M
0.0%
34.0%
1.9%
0.6%
—
—
$304M
Mar '21
$218M
$48M
0.0%
38.0%
1.9%
0.6%
—
—
$780M
Valuation over time
How the market has priced FRT against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 22.1× (Mar '23) to 23.4× (Nov '26).
The price-to-sales ratio has fallen from 7.9× (Mar '23) to 7.5× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is FRT growing its revenue and profit?
Over the past 5 years, Federal Realty Investment Trust's revenue has grown 8.9% per year, and net income grown 25.6% per year. These are computed facts, not advice.
How much debt does FRT have?
As of FY2025, Federal Realty Investment Trust reported $5.0B of total debt against $107M of cash; operating income covered interest expense 3.3×.
What is FRT's profit margin?
In FY2025, gross margin was —, operating margin 47.1%, and net margin 32.1%.
What is FRT's P/E ratio?
Federal Realty Investment Trust's P/E (TTM) is 23.41 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the FRT stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 23.4× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.