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.
6 star dividend payer with proven track record.
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's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: FRT underperformed the US REITs industry which returned -19.9% over the past year.
Return vs Market: FRT underperformed the US Market which returned -11.5% over the past year.
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
2 weeks ago | Simply Wall StIs Federal Realty Investment Trust's (NYSE:FRT) ROE Of 13% Impressive?
1 month ago | Simply Wall StHave Insiders Sold Federal Realty Investment Trust (NYSE:FRT) Shares Recently?
1 month ago | Simply Wall StSome Federal Realty Investment Trust (NYSE:FRT) Shareholders Are Down 12%
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 ($76.05) is trading below our estimate of fair value ($166.85)
Significantly Below Fair Value: FRT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FRT is good value based on its PE Ratio (16.5x) compared to the REITs industry average (24.4x).
PE vs Market: FRT is poor value based on its PE Ratio (16.5x) compared to the US market (13x).
Price to Earnings Growth Ratio
PEG Ratio: FRT's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: FRT is overvalued based on its PB Ratio (2.4x) compared to the US REITs industry average (1.3x).
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 earnings are forecast to decline over the next 3 years (-1.9% per year).
Earnings vs Market: FRT's earnings are forecast to decline over the next 3 years (-1.9% per year).
High Growth Earnings: FRT's earnings are forecast to decline over the next 3 years.
Revenue vs Market: FRT's revenue (3% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: FRT's revenue (3% 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 (9.9%).
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 $116.4M impacting its December 31 2019 financial results.
Growing Profit Margin: FRT's current net profit margins (36.9%) are higher than last year (25.5%).
Past Earnings Growth Analysis
Earnings Trend: FRT's earnings have grown by 8.6% per year over the past 5 years.
Accelerating Growth: FRT's earnings growth over the past year (48%) exceeds its 5-year average (8.6% per year).
Earnings vs Industry: FRT earnings growth over the past year (48%) exceeded the REITs industry 5%.
Return on Equity
High ROE: FRT's Return on Equity (13%) is considered low.
How is Federal Realty Investment Trust's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: FRT has a high level of physical assets or inventory.
Debt Coverage by Assets: FRT's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: FRT's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if FRT has a sufficient allowance for bad loans.
Low Risk Liabilities: FRT reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if FRT has an acceptable proportion of non-loan assets held.
Low Risk Deposits: FRT has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if FRT has an appropriate level of bad loans.
What is Federal Realty Investment Trust's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FRT's dividend (5.52%) is higher than the bottom 25% of dividend payers in the US market (1.98%).
High Dividend: FRT's dividend (5.52%) is in the top 25% of dividend payers in the US market (5.45%)
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 reasonable payout ratio (67.3%), FRT's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FRT's dividends in 3 years are forecast to be thoroughly covered by earnings (0.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Don Wood (58yo)
Mr. Donald C. Wood, also known as Don, CPA, has been the President and Chief Executive Officer of Federal Realty Investment Trust since 2000 and January 2003 respectively. Mr. Wood serves as the President ...
CEO Compensation Analysis
Compensation vs Market: Don's total compensation ($USD7.63M) is about average for companies of similar size in the US market ($USD7.47M).
Compensation vs Earnings: Don's compensation has been consistent with company performance over the past year.
|Executive VP||3.58yrs||US$1.81m||0.041% $2.3m|
|Executive VP||17.92yrs||US$1.50m||0.19% $10.4m|
|Chief Accounting Officer & Senior VP||8.67yrs||no data||no data|
|Chief Information Officer & VP||5yrs||no data||no data|
|Senior Manager of Investor Relations||4.17yrs||no data||no data|
|Senior Vice President of Mixed-Use Initiatives & Corporate Communications||0.083yr||no data||no data|
|EVP & President of Western Region||no data||US$968.32k||no data|
|Senior Vice President of Legal Operations||15yrs||no data||no data|
|Executive VP & Eastern Region President||no data||no data||no data|
Experienced Management: FRT's management team is seasoned and experienced (6.9 years average tenure).
|Independent Non-Executive Chairman||14yrs||US$273.70k||0.033% $1.8m|
|Independent Trustee||16.92yrs||US$200.00k||0.015% $856.6k|
|Independent Trustee||14.75yrs||US$190.00k||0.016% $882.7k|
|Independent Trustee||13.67yrs||US$210.00k||0.015% $841.0k|
|Independent Trustee||3yrs||US$195.10k||0.0037% $205.0k|
Experienced Board: FRT's board of directors are seasoned and experienced ( 14.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FRT insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2%.
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$5.569b
- Market Cap: US$5.523b
- Shares outstanding: 73.23m
- Website: https://www.federalrealty.com
Number of Employees
- Federal Realty Investment Trust
- 1626 East Jefferson Street
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FRT||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Dec 1972|
|WX2||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Dec 1972|
|FRIT *||BMV (Bolsa Mexicana de Valores)||Yes||Common Shares||MX||MXN||Dec 1972|
|0IL1||LSE (London Stock Exchange)||Yes||Common Shares||GB||USD||Dec 1972|
|FRT.PRC||NYSE (New York Stock Exchange)||5% CUM PFD C||US||USD||Sep 2017|
|F1RI34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH 4 REPR 1 COM||BR||BRL||Jan 2020|
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 well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply. Its expertise includes creating urban, mixed-use neighborhoods like Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Row in Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities. Federal Realty's 104 properties include approximately 3,000 tenants, in 24 million square feet, and over 2,700 residential units. Federal Realty has increased its quarterly dividends to its shareholders for 52 consecutive years, the longest record in the REIT industry. Federal Realty is an S&P 500 index member and its shares are traded on the NYSE under the symbol FRT.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/29 00:34|
|End of Day Share Price||2020/03/27 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.