Federal Realty Investment Trust

FRT Real Estate Reit Retail

Federal Realty Investment Trust’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, up 6.36% from fiscal 2024.

Revenue
+5.20%
EPS
+15.5%
Free cash flow
+14.0%
Total debt
+3.39%

Quarter to September 2026, against a year earlier

113.22 1.41 −1.23%
Market cap
$9.8B
P/E
22.3×
Fwd P/E
25.9×
Dividend yield
4.02%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Federal Realty Investment Trust (FRT) Operating margin

Alert me on Operating margin

Federal Realty Investment Trust's operating margin over the twelve months to 30 September 2026 was 47.7%, up 0.6 percentage points from fiscal 2025 (47.1%). Over the past ten years it has ranged from 34.7% (fiscal 2020) to 50.3% (fiscal 2019); the current reading is higher than 73% of that period. That is above the Reit Retail industry median of 36.9% and above the Real Estate sector median of 17.8%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 47.1% 7.80
FY2024 39.3% 3.38
FY2023 35.9% (13.10)
FY2022 49.0% 7.50
FY2021 41.5% 6.85
FY2020 34.7% (15.67)
FY2019 50.3% 10.82
FY2018 39.5% (8.35)
FY2017 47.9% 7.81
FY2016 40.0% (0.30)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 34.5% (6.83)
Jun 2026 41.3% (19.97)
Mar 2026 61.3% 7.51
Dec 2025 53.8% 19.42
43 more quarters

Against its own ten years

Low 34.7% High 50.3%
Ten-year median 40.3%
Current reading's percentile 72

Operating margin against peers

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

More on FRT