Federal Realty Investment Trust

Federal Realty Investment Trust

FRTยทNYSE

$119.42

+0.29%
Real EstateREIT - Retail

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 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 106 properties include approximately 3,100 tenants, in 25 million square feet, and approximately 3,200 residential units. Federal Realty has increased its quarterly dividends to its shareholders for 54 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. For additional information about Federal Realty and its properties, visit www.federalrealty.com.

At a Glance

Live Snapshot
Market Cap$10.32B
EPS4.7900
P/E Ratio24.93
Earnings Date08/05/2026
Federal Realty Investment Trust

Federal Realty Investment Trust Fair Value Envelope

FRT ยท NYSE

Our analysis suggests that FRT has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $119.42, this represents a potential HIDDEN relative to our calculated worth for Federal Realty Investment Trust.

Intrinsic Value
Current Price: $119.42

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$8.9B
+ Cash & Equivalents$107.4M
Firm Value$9.0B
- Debt$5.0B
Equity Value$4.0B
/ Shares Outstanding86,268,329B
DCF Value$46
OVERVALUED BY 62%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$628.5M
$634.7M
$641.0M
$647.3M
$653.7M
$660.2M
$666.7M
$673.3M
$679.9M
$686.6M
Maintenance CapEx
-$58.8M
-$59.4M
-$60.0M
-$60.6M
-$61.2M
-$61.8M
-$62.4M
-$63.0M
-$63.7M
-$64.3M
Owner Earnings
$569.7M
$575.3M
$581.0M
$586.7M
$592.5M
$598.4M
$604.3M
$610.2M
$616.3M
$622.4M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$527.5M
$493.2M
$461.2M
$431.3M
$403.3M
$377.1M
$352.6M
$329.7M
$308.3M
$288.3M
Terminal Value represents 55.2% of Enterprise Value