# Federal Realty Investment Trust (FRT) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Real Estate / Equity Real Estate Investment Trusts (REITs). Price $117.09, market value $10.2 billion.

## Valuation
- **P/E (trailing): 23.7×** (5-yr avg 27.5×, 3-yr avg 28.1×). Federal Realty Investment Trust trades at 23.7× trailing earnings, close to its own five-year average of 27.5×. The Real Estate median in the September 2026 study was 25.2×. Forward P/E is 36.7×, higher than trailing, so analysts expect earnings to fall.
- **PEG: 1.00**. A PEG of 1.00 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 7.7×**. Each dollar of revenue is priced at 7.7×.
- **Price / book: 3.2×**. The shares trade at 3.2× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 14.6×**. Enterprise value is 14.6× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Earnings yield: 4.2%**. The inverse of the P/E: 4.2% of the price is earned each year.

## Profitability
- **Operating margin: 46.3%**. 46.3% of revenue is left after running the business, an exceptional level.
- **Net margin: 32.1%**. 32.1% of each dollar of sales reaches the bottom line.
- **Return on equity: 12.7%**. 12.7% on shareholders' equity is solid.
- **Return on invested capital: 6.0%**. Return on all capital, debt included, is 6.0%.
- **Return on assets: 4.8%**. Each dollar of assets produces 4.8% of profit.

## Growth
- **Revenue growth (1 yr): 6.4%** (3-yr 6.0%/yr, 5-yr 8.9%/yr). Revenue grew 6.4% over the last year, against 8.9% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 36.8%** (3-yr -0.2%/yr, 5-yr 23.6%/yr). Earnings per share rose 36.8%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 1.53**. Debt is 1.53 times equity, a leveraged balance sheet, which is normal for real estate.
- **Net debt / EBITDA: 4.7×**. It would take 4.7 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Altman Z-score: 1.95**. A Z-score of 1.95 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 3.96%** ($4.52 per share, trailing). Federal Realty Investment Trust yields 3.96%, an income-level yield.
- **Consecutive years of increases: 1**. 1 straight year of increases.
- **Dividend growth (5 yr): 1.0%/yr** (1-yr 35.1%). The dividend has grown 1.0% a year over five years.

## Analyst view
- **Analyst consensus: buy** (20 analysts). 20 analysts cover Federal Realty Investment Trust; the consensus is buy, with an average price target of $133.25 (+14% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 21.0%** (YTD 19.8%, 3-mo -3.6%). The shares are up 21.0% over twelve months including dividends.
- **From 52-week high: -8.7%** (30.1% above the low). Trading 9% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 42**. An RSI of 42 is neutral.
- **Beta (1 yr): 0.19** (volatility 16%). Beta of 0.19 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=FRT · Page: https://foliofundamentals.com/stocks/frt

Not investment advice.