Federal Realty Investment Trust (FRT) Stock

Federal Realty Investment Trust (FRT) is a Real Estate stock trading at $116.82 (as of 2026-08-21), with a market capitalization of $10.09B and a trailing P/E of 18.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Federal Realty Investment Trust owns, operates, and redevelops retail-based properties, including mixed-use developments, in major coastal markets from Washington, D.C. to Boston and also in San Francisco and Los Angeles. Its portfolio includes 106 properties with about 3,100 tenants across roughly 25 million square feet and about 3,200 residential units.

Understand Federal Realty Investment Trust: how it makes money

Federal Realty Investment Trust owns, operates, and redevelops high-quality retail-based properties in major coastal U.S. markets, making money from leasing and operating those properties while using redevelopment to create mixed-use neighborhood destinations.

Federal Realty's profit model is based on owning and operating retail properties that benefit from retail demand in its targeted coastal markets, with redevelopment creating additional value through transforming properties into mixed-use neighborhoods.

Business quality (Strong): The business focus is clear (ownership, operations, and redevelopment in coastal markets), but the provided information does not include reportable segments or operating KPI metrics to judge performance drivers beyond overall results.

Valuation: At 21× earnings, FRT trades 38% below the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Specialized property focus: The company is a recognized leader in the ownership, operation, and redevelopment of retail-based properties, including creating urban mixed-use neighborhoods like Santana Row, Pike and Rose, and Assembly Row.
  • Demand-oriented locations: Management targets communities where retail demand exceeds supply, which can support the case for sustainable long-term growth.

Bear case

  • Market concentration risk: Properties are located primarily in major coastal markets, which can increase exposure if retail conditions weaken in those specific regions.
  • Redevelopment execution risk: Because a meaningful part of its strategy involves redevelopment, results can be affected by the timing and outcomes of transforming properties into mixed-use neighborhood destinations.
Valuation — source: SEC EDGAR (first-party)
Price$116.82
Market Cap$10.09B
P/E Ratio18.1
EV / EBITDA8.6
Price / Book2.98
Price / Sales7.41
DCF Value (model)$196.82
DCF Upside vs Price68.5%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.28B
Net Margin32.1%
Revenue Growth (YoY)10.3%
EPS Growth (YoY)152.8%
Valuation vs Sector & Industry
Stock P/E18.1
Sector P/E (Real Estate)27.2
Industry P/E (Trading)35.3
vs Sector-33.4%
vs Industry-48.8%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($1.33B)
Institutional Holders Tracked10
Congressional Trades (recent)6
Company
SectorReal Estate
IndustryTrading
CEODonald C. Wood
Employees304
CountryUS
IPO Date1973-05-03

Related Companies (Business model: Equity REIT (Real Estate Investment Trust); 8 closest by market cap; US-domiciled)

  • Camden Property Trust (CPT)
  • EastGroup Properties, Inc. (EGP)
  • BXP, Inc. (BXP)
  • American Healthcare REIT, Inc. (AHR)
  • Lineage, Inc. (LINE)
  • CareTrust REIT, Inc. (CTRE)
  • Alexandria Real Estate Equities, Inc. (ARE)
  • CubeSmart (CUBE)
FRT earnings history · FRT institutional & insider holders · FRT KPIs & operating metrics · FRT financials · FRT investor presentations & press releases · FRT SEC filings · FRT peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.