Federal Realty Investment Trust

NYSE:FRT Stock Report

Market Cap: US$8.2b

Federal Realty Investment Trust Valuation

Is FRT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of FRT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FRT ($98.06) is trading below our estimate of fair value ($132.64)

Significantly Below Fair Value: FRT is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for FRT?

Other financial metrics that can be useful for relative valuation.

FRT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue11.3x
Enterprise Value/EBITDA18.3x
PEG Ratio4.4x

Price to Earnings Ratio vs Peers

How does FRT's PE Ratio compare to its peers?

The above table shows the PE ratio for FRT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.1x
NNN NNN REIT
19.1x2.0%US$7.5b
REG Regency Centers
29.7x6.2%US$11.0b
BRX Brixmor Property Group
23.3x2.3%US$6.6b
SRC Spirit Realty Capital
24.1x-8.7%US$6.0b
FRT Federal Realty Investment Trust
35.5x8.1%US$8.2b

Price-To-Earnings vs Peers: FRT is expensive based on its Price-To-Earnings Ratio (35.5x) compared to the peer average (24.1x).


Price to Earnings Ratio vs Industry

How does FRT's PE Ratio compare vs other companies in the US Retail REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a4.5%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a4.5%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: FRT is expensive based on its Price-To-Earnings Ratio (35.5x) compared to the US Retail REITs industry average (33.2x).


Price to Earnings Ratio vs Fair Ratio

What is FRT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FRT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio35.5x
Fair PE Ratio33.5x

Price-To-Earnings vs Fair Ratio: FRT is expensive based on its Price-To-Earnings Ratio (35.5x) compared to the estimated Fair Price-To-Earnings Ratio (33.5x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst FRT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$98.06
US$114.89
+17.2%
8.0%US$142.00US$104.00n/a18
May ’25US$104.28
US$114.61
+9.9%
8.4%US$142.00US$101.00n/a18
Apr ’25US$100.74
US$114.44
+13.6%
8.1%US$142.00US$101.00n/a18
Mar ’25US$99.92
US$113.94
+14.0%
8.7%US$142.00US$95.00n/a18
Feb ’25US$103.24
US$113.17
+9.6%
9.2%US$142.00US$95.00n/a18
Jan ’25US$103.05
US$111.24
+7.9%
10.3%US$142.00US$95.00n/a17
Dec ’24US$97.91
US$108.94
+11.3%
10.8%US$142.00US$93.00n/a17
Nov ’24US$91.70
US$109.71
+19.6%
10.6%US$142.00US$93.00n/a17
Oct ’24US$90.63
US$112.18
+23.8%
9.5%US$142.00US$95.00n/a17
Sep ’24US$98.06
US$113.18
+15.4%
9.1%US$142.00US$95.00n/a17
Aug ’24US$101.23
US$111.12
+9.8%
10.0%US$139.00US$93.00n/a17
Jul ’24US$96.77
US$109.82
+13.5%
11.1%US$139.00US$91.00n/a17
Jun ’24US$87.75
US$111.74
+27.3%
11.0%US$139.00US$91.00n/a19
May ’24US$97.68
US$116.56
+19.3%
8.0%US$139.00US$105.00US$104.2818
Apr ’24US$98.83
US$118.00
+19.4%
7.7%US$139.00US$103.00US$100.7418
Mar ’24US$106.63
US$118.72
+11.3%
7.4%US$139.00US$103.00US$99.9218
Feb ’24US$112.04
US$116.59
+4.1%
8.7%US$139.00US$103.00US$103.2419
Jan ’24US$101.04
US$115.80
+14.6%
9.8%US$139.00US$96.00US$103.0519
Dec ’23US$109.02
US$115.59
+6.0%
10.2%US$140.00US$96.00US$97.9119
Nov ’23US$100.80
US$116.03
+15.1%
10.6%US$140.00US$96.00US$91.7019
Oct ’23US$90.12
US$121.08
+34.4%
8.1%US$140.00US$104.00US$90.6319
Sep ’23US$101.29
US$121.82
+20.3%
7.9%US$140.00US$104.00US$98.0619
Aug ’23US$105.79
US$119.53
+13.0%
10.1%US$140.00US$96.00US$101.2319
Jul ’23US$97.56
US$126.05
+29.2%
10.8%US$143.00US$96.00US$96.7719
Jun ’23US$113.68
US$134.79
+18.6%
4.3%US$145.00US$125.00US$87.7519
May ’23US$117.06
US$135.78
+16.0%
4.5%US$145.00US$125.00US$97.6818

Analyst Forecast: Target price is less than 20% higher than the current share price.


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