Federal Realty Investment Trust (FRT)

FairStock Score: 63/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Federal Realty owns a focused collection of high-quality retail and mixed-use properties in coastal and select underserved markets. That positioning can create a durable advantage: scarce, well-located open-air centers are hard to replicate, and a 314-person team running $9.4B of assets suggests a lean operation. The revenue record is constructive: fiscal 2023 revenue was $1.1B, fiscal 2024 $1.2B, and fiscal 2025 $1.3B; fiscal 2025 net income was $411.1M versus $295.2M in fiscal 2024. But reported profits are noisy: fiscal Q1 2026 net income was $159.1M, while fiscal Q1 2025 was $63.8M, and the provided profit growth figure is -45.03%. Financial health is mixed: the given D/E is 1.34; FairStock Altman Z is 0.94, ROE 12.55%, ROCE 3.26%, and Piotroski 6/9. For a REIT, EPS and P/E can mislead because depreciation distorts them; FFO/AFFO are not in the data, so I cannot underwrite the dividend on the right cash measure. At the 2026-10-26 close of $109.23, FairStock calculations show P/B 2.96, P/E 22.07, dividend yield 4.18%, FCF yield 3.5%, and EV/EBITDA 13.67. The Lynch label is STALWART, based on 25.6% five-year profit growth and 8.9% revenue growth, but the current profit trend and leverage mean the price looks fair rather than compelling. I would want FFO/AFFO and debt coverage before calling it a bargain.

In plain English: Federal Realty owns and runs shopping centers and mixed-use properties, mainly in strong coastal and select growing markets. The business looks sturdy, with rising rental revenue and a solid dividend, but profit has been uneven and debt is meaningful. At the recent price, the shares look fair to slightly expensive versus the company's reported numbers, not an obvious bargain.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-26 close · note generated 2026-10-28 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · fiscal Q1 2025 10-Q (period ended 2025-03-31) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer