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. More Details
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Established dividend payer and slightly overvalued.
Share Price & News
How has Federal Realty Investment Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FRT is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: FRT's weekly volatility (4%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: FRT exceeded the US REITs industry which returned 30.6% over the past year.
Return vs Market: FRT exceeded the US Market which returned 35.9% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Federal Realty Investment Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StIntroducing Federal Realty Investment Trust (NYSE:FRT), A Stock That Climbed 38% In The Last Year
3 months ago | Simply Wall StHere's Why Federal Realty Investment Trust's (NYSE:FRT) CEO Compensation Is The Least Of Shareholders' Concerns
4 months ago | Simply Wall StDoes Federal Realty Investment Trust (NYSE:FRT) Create Value For Shareholders?
Is Federal Realty Investment Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FRT ($117.53) is trading below our estimate of fair value ($152.38)
Significantly Below Fair Value: FRT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FRT is poor value based on its PE Ratio (76.8x) compared to the US REITs industry average (46.6x).
PE vs Market: FRT is poor value based on its PE Ratio (76.8x) compared to the US market (18x).
Price to Earnings Growth Ratio
PEG Ratio: FRT is poor value based on its PEG Ratio (4.4x)
Price to Book Ratio
PB vs Industry: FRT is overvalued based on its PB Ratio (3.9x) compared to the US REITs industry average (1.9x).
How is Federal Realty Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FRT's forecast earnings growth (17.4% per year) is above the savings rate (2%).
Earnings vs Market: FRT's earnings (17.4% per year) are forecast to grow faster than the US market (14.9% per year).
High Growth Earnings: FRT's earnings are forecast to grow, but not significantly.
Revenue vs Market: FRT's revenue (7.2% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: FRT's revenue (7.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FRT's Return on Equity is forecast to be low in 3 years time (10.4%).
How has Federal Realty Investment Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FRT has a large one-off gain of $47.1M impacting its March 31 2021 financial results.
Growing Profit Margin: FRT's current net profit margins (14.3%) are lower than last year (36.4%).
Past Earnings Growth Analysis
Earnings Trend: FRT's earnings have declined by 4.7% per year over the past 5 years.
Accelerating Growth: FRT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FRT had negative earnings growth (-65.8%) over the past year, making it difficult to compare to the REITs industry average (-8.8%).
Return on Equity
High ROE: FRT's Return on Equity (4.7%) is considered low.
How is Federal Realty Investment Trust's financial position?
Financial Position Analysis
Short Term Liabilities: FRT's short term assets ($1.2B) exceed its short term liabilities ($752.1M).
Long Term Liabilities: FRT's short term assets ($1.2B) do not cover its long term liabilities ($4.2B).
Debt to Equity History and Analysis
Debt Level: FRT's debt to equity ratio (155.5%) is considered high.
Reducing Debt: FRT's debt to equity ratio has increased from 123.8% to 155.5% over the past 5 years.
Debt Coverage: FRT's debt is not well covered by operating cash flow (8.6%).
Interest Coverage: FRT's interest payments on its debt are not well covered by EBIT (1.6x coverage).
What is Federal Realty Investment Trust current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FRT's dividend (3.61%) is higher than the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: FRT's dividend (3.61%) is in the top 25% of dividend payers in the US market (3.54%)
Stability and Growth of Payments
Stable Dividend: FRT's dividends per share have been stable in the past 10 years.
Growing Dividend: FRT's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (105.1%), FRT's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FRT's dividends in 3 years are forecast to be covered by earnings (72% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Don Wood (60 yo)
Mr. Donald C. Wood, also known as Don, CPA, has been the Chief Executive Officer of Federal Realty Investment Trust since 2003. He served as President of Federal Realty Investment Trust since 2001 until 20...
CEO Compensation Analysis
Compensation vs Market: Don's total compensation ($USD7.48M) is about average for companies of similar size in the US market ($USD6.47M).
Compensation vs Earnings: Don's compensation has been consistent with company performance over the past year.
Experienced Management: FRT's management team is seasoned and experienced (5.5 years average tenure).
Experienced Board: FRT's board of directors are considered experienced (4.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.8%.
Federal Realty Investment Trust's company bio, employee growth, exchange listings and data sources
- Name: Federal Realty Investment Trust
- Ticker: FRT
- Exchange: NYSE
- Founded: 1962
- Industry: Retail REITs
- Sector: Real Estate
- Implied Market Cap: US$9.139b
- Market Cap: US$9.139b
- Shares outstanding: 78.50m
- Website: https://www.federalrealty.com
Number of Employees
- Federal Realty Investment Trust
- 909 Rose Avenue
- Suite 200
- North Bethesda
- United States
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 wel...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/07/31 22:49|
|End of Day Share Price||2021/07/30 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.