The full income statement, balance sheet, and cash-flow statement for Federal Realty Investment Trust (FRT), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.28B+6.4% | 1.20B+6.2% | 1.13B+5.4% | 1.07B+12.9% | 951M+13.9% | ||
| Lease income | 1.25B+6.4% | 1.17B+6.2% | 1.10B+5.1% | 1.05B+10.4% | 949M+14.0% | |
| 834M+6.3% | 784M+6.6% | 736M+3.3% | 712M+10.1% | 646M+10.2% | ||
| Selling, general & administrative | 46.9M-5.7% | 49.7M-1.9% | 50.7M-3.7% | 52.6M+5.6% | 49.9M+19.6% | |
| General & administrative | 46.9M-5.7% | 49.7M-1.9% | 50.7M-3.7% | 52.6M+5.6% | 49.9M+19.6% | |
| Selling & marketing | 7.93M+5.3% | 7.54M-5.5% | 7.98M+2.1% | 7.81M+4.5% | 7.48M+16.3% | |
| Operating income | 602M+27.5% | 472M+16.2% | 406M-22.8% | 526M+33.4% | 395M+36.3% | |
| Interest expense | 184M+4.6% | 175M+4.6% | 168M+22.5% | 137M+7.3% | 128M-6.3% | |
| Equity-method income | 1.92M-39.2% | 3.16M-18.3% | 3.87M-25.2% | 5.17M+315.3% | 1.25M+115.4% | |
| 411M+39.2% | 295M+24.6% | 237M-38.5% | 385M+47.4% | 261M+98.5% | ||
| Net income to non-controlling interest | 12.6M+37.7% | 9.13M-10.8% | 10.2M+0.6% | 10.2M+34.1% | 7.58M+81.3% | |
| Net income to common | 403M+40.3% | 287M+25.4% | 229M-39.3% | 377M+48.9% | 253M+105.0% | |
| $4.68+36.8% | $3.42+22.1% | $2.80-40.6% | $4.71+44.5% | $3.26+101.2% | ||
| EPS (basic) | $4.68+36.8% | $3.42+22.1% | $2.80-40.6% | $4.71+44.5% | $3.26+101.2% | |
| Weighted-avg shares (basic) | 85.9M+2.7% | 83.6M+2.8% | 81.3M+1.8% | 79.9M+3.3% | 77.3M+2.4% | |
| Weighted-avg shares (diluted) | 86.4M+3.4% | 83.6M+2.8% | 81.3M+1.0% | 80.5M+4.1% | 77.4M+2.5% | |
| Dividends per share | $4.46+1.8% | $4.38+0.9% | $4.34+0.9% | $4.30+0.9% | $4.26+0.9% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 107M-13.0% | 123M-50.8% | 251M+193.2% | 85.6M-47.2% | 162M-79.7% | |
| 9.13B+7.1% | 8.52B+1.0% | 8.44B+2.5% | 8.23B+8.0% | 7.62B+0.2% | ||
| Operating lease right-of-use | 83.1M-3.1% | 85.8M-1.4% | 87.0M-8.0% | 94.6M+4.2% | 90.7M-1.6% | |
| 5.63B+10.4% | 5.10B-2.1% | 5.21B+3.8% | 5.02B+5.8% | 4.75B-3.6% | ||
| Long-term debt | 1.06B+75.8% | 601M-0.1% | 602M+0.1% | 601M+99.4% | 301M-25.2% | |
| Operating lease liability (total) | 72.3M-3.4% | 74.8M-1.4% | 75.9M-2.4% | 77.7M+7.0% | 72.7M+0.3% | |
| Finance lease liability (total) | 12.9M+0.9% | 12.8M+0.9% | 12.7M-81.3% | 67.7M-6.1% | 72.0M-0.0% | |
| 3.25B+2.4% | 3.17B+7.0% | 2.96B+0.3% | 2.95B+14.5% | 2.58B+4.7% | ||
| Common stock | 869K+0.8% | 862K+3.5% | 833K+1.8% | 818K+3.5% | 790K+2.5% | |
| Additional paid-in capital | 4.31B+1.4% | 4.25B+7.3% | 3.96B+3.6% | 3.82B+9.5% | 3.49B+5.8% | |
| Accumulated other comprehensive income | 2.05M-56.8% | 4.74M+17.0% | 4.05M-29.6% | 5.76M+381.2% | -2.05M+63.7% | |
| Non-controlling interest | 70.3M-3.2% | 72.5M-7.8% | 78.7M-1.7% | 80.0M-3.1% | 82.5M-2.4% | |
| Total equity incl. non-controlling | 3.32B+2.3% | 3.24B+6.6% | 3.04B+0.3% | 3.03B+13.9% | 2.66B+4.5% | |
| Total liabilities & equity | 9.13B+7.1% | 8.52B+1.0% | 8.44B+2.5% | 8.23B+8.0% | 7.62B+0.2% | |
| Common shares issued | 86.3M+0.7% | 85.7M+3.5% | 82.8M+1.8% | 81.3M+3.5% | 78.6M+2.4% | |
| Common shares outstanding | 86.3M+0.7% | 85.7M+3.5% | 82.8M+1.8% | 81.3M+3.5% | 78.6M+2.4% | |
| Shares outstanding (cover) | 86.3M+0.7% | 85.7M+3.2% | 83.0M+2.0% | 81.4M+3.5% | 78.6M+2.4% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 622M+8.3% | 575M+3.4% | 556M+7.6% | 517M+9.6% | 471M+27.4% | ||
| Depreciation & amortization | 368M+7.4% | 343M+6.5% | 322M+6.4% | 302M+8.0% | 280M+9.8% | |
| Share-based compensation | 14.6M-10.7% | 16.4M+14.3% | 14.3M+4.4% | 13.7M+5.3% | 13.0M+9.1% | |
| -743M-66.3% | -447M-24.7% | -358M+54.4% | -786M-19.1% | -660M-79.2% | ||
| Capital expenditure | 291M+18.1% | 247M-20.7% | 311M-25.3% | 417M-5.4% | 441M-12.2% | |
| Free cash flow | 331M+1.0% | 328M+34.0% | 245M+144.5% | 100M+224.5% | 30.8M+123.4% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 103M+140.8% | -252M-645.4% | -33.8M-117.8% | 190M+142.0% | -453M-168.5% | ||
| Long-term debt issued | 0.00-100.0% | 472M+36.4% | 346M | 0.00 | 0.00-100.0% | |
| Common stock issued | 54.5M-82.1% | 304M+130.5% | 132M-57.1% | 307M+77.6% | 173M+74.4% | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net change in cash | -17.7M+85.8% | -125M-176.1% | 164M+307.6% | -78.8M+87.7% | -642M-196.8% | |
| Interest paid | 172M+1.5% | 169M+6.6% | 159M+21.3% | 131M+5.9% | 124M-5.1% | |
| Income taxes paid | 369K+108.5% | 177K-37.7% | 284K-54.5% | 624K+61.7% | 386K-33.4% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 8.70B-9.3% | 9.59B+14.0% | 8.41B+2.5% | 8.21B-23.4% | 10.7B+64.1% | |
| P/E | 21.2×-34.9% | 32.5×+11.5% | 29.1×+36.7% | 21.3×-48.0% | 41.0×-17.4% | |
| P/S | 6.8×-14.8% | 8.0×+6.2% | 7.5×-4.1% | 7.8×-30.5% | 11.3×+44.1% | |
| P/B | 2.7×-11.5% | 3.0×+3.6% | 2.9×+3.2% | 2.8×-31.9% | 4.2×+56.7% | |
| P/FCF | 26.3×-10.2% | 29.3×-36.7% | 46.2×-31.4% | 67.4×-80.6% | 347.5× | |
| Earnings yield | 4.7%+53.6% | 3.1%-10.3% | 3.4%-26.8% | 4.7%+92.1% | 2.4%+21.0% | |
| FCF yield | 3.8%+11.4% | 3.4%+58.0% | 2.2%+45.8% | 1.5%+415.5% | 0.29% | |
| Dividend yield | 4.4%+13.1% | 3.9%-7.1% | 4.2%-1.0% | 4.3%+36.2% | 3.1%-37.0% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
Source: FRT’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all FRT filings on SEC EDGAR → Not investment advice.
