FEDERAL REALTY INVESTMENT TRUST |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 102.2 USD | -0.37% |
|
+2.43% | -0.83% |
| Apr. 22 | Deutsche Bank Upgrades Federal Realty Investment Trust to Buy From Hold | MT |
| Mar. 08 | Federal Realty Investment Trust Files Mixed-Securities Shelf | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 9,722 | 6,439 | 10,604 | 8,205 | 8,411 | 8,476 | - | - |
| Enterprise Value (EV) 1 | 13,023 | 10,077 | 14,634 | 12,595 | 12,760 | 12,916 | 12,930 | 12,831 |
| P/E ratio | 27.9 x | 52.5 x | 41.8 x | 21.5 x | 36.8 x | 35.6 x | 32.3 x | 28 x |
| Yield | 3.24% | 4.96% | 3.13% | 4.26% | 4.21% | 4.28% | 4.35% | 4.46% |
| Capitalization / Revenue | 10.4 x | 7.74 x | 11.2 x | 7.65 x | 7.44 x | 7.18 x | 6.82 x | 6.31 x |
| EV / Revenue | 14 x | 12.1 x | 15.4 x | 11.7 x | 11.3 x | 10.9 x | 10.4 x | 9.55 x |
| EV / EBITDA | 21.9 x | 20 x | 25 x | 18.9 x | 17.8 x | 17 x | 16.2 x | 15.2 x |
| EV / FCF | 250 x | -76.3 x | 475 x | 126 x | 52.1 x | 121 x | 89.7 x | - |
| FCF Yield | 0.4% | -1.31% | 0.21% | 0.79% | 1.92% | 0.83% | 1.11% | - |
| Price to Book | 3.84 x | 2.65 x | 4.15 x | 2.78 x | 2.88 x | 2.96 x | 3.1 x | 3.15 x |
| Nbr of stocks (in thousands) | 75,523 | 75,647 | 77,789 | 81,209 | 81,623 | 82,944 | - | - |
| Reference price 2 | 128.7 | 85.12 | 136.3 | 101.0 | 103.0 | 102.2 | 102.2 | 102.2 |
| Announcement Date | 2/10/20 | 2/11/21 | 2/10/22 | 2/8/23 | 2/12/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 932.7 | 832.2 | 948.8 | 1,073 | 1,131 | 1,180 | 1,243 | 1,344 |
| EBITDA 1 | 594.3 | 503.7 | 584.8 | 665 | 718.4 | 757.7 | 799.3 | 843.1 |
| EBIT 1 | 354.5 | 248.6 | 304.8 | 362.6 | 396.6 | 419.9 | 450.2 | 499.1 |
| Operating Margin | 38.01% | 29.88% | 32.12% | 33.78% | 35.06% | 35.59% | 36.21% | 37.13% |
| Earnings before Tax (EBT) 1 | 360.5 | 135.9 | 269.1 | 395.7 | 247.2 | 259.6 | 293.5 | 323.7 |
| Net income 1 | 345.8 | 123.7 | 253.5 | 377.5 | 229 | 236.8 | 265.3 | 305.2 |
| Net margin | 37.08% | 14.86% | 26.71% | 35.17% | 20.24% | 20.07% | 21.34% | 22.71% |
| EPS 2 | 4.610 | 1.620 | 3.260 | 4.710 | 2.800 | 2.872 | 3.163 | 3.653 |
| Free Cash Flow 1 | 52.01 | -132 | 30.84 | 100.1 | 244.7 | 106.8 | 144.1 | - |
| FCF margin | 5.58% | -15.86% | 3.25% | 9.32% | 21.64% | 9.05% | 11.59% | - |
| FCF Conversion (EBITDA) | 8.75% | - | 5.27% | 15.05% | 34.07% | 14.09% | 18.03% | - |
| FCF Conversion (Net income) | 15.04% | - | 12.17% | 26.51% | 106.88% | 45.09% | 54.32% | - |
| Dividend per Share 2 | 4.170 | 4.220 | 4.260 | 4.300 | 4.340 | 4.377 | 4.450 | 4.557 |
| Announcement Date | 2/10/20 | 2/11/21 | 2/10/22 | 2/8/23 | 2/12/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 247 | 253.9 | 256.8 | 263.8 | 273.2 | 279.8 | 272.8 | 280.4 | 286.3 | 291.5 | 288.1 | 291.7 | 296.8 | 303.8 | 301.7 |
| EBITDA 1 | 156.2 | 152.8 | 157.7 | 168.1 | 168.7 | 170.5 | 172.7 | 180.8 | 181.8 | 183 | 184.8 | 188.7 | 190.5 | 193 | 195.8 |
| EBIT 1 | 85.57 | 74.97 | 85.98 | 93.6 | 91.63 | 91.34 | 94.11 | 101.8 | 100.1 | 100.6 | 102 | 107.3 | 108.6 | 110.5 | 111.2 |
| Operating Margin | 34.64% | 29.53% | 33.49% | 35.48% | 33.54% | 32.65% | 34.5% | 36.31% | 34.95% | 34.51% | 35.4% | 36.79% | 36.58% | 36.39% | 36.85% |
| Earnings before Tax (EBT) 1 | 54.54 | - | 54.73 | 64.47 | 158.8 | 117.7 | 57.73 | - | - | 67.09 | 58.58 | 66.18 | 66.88 | 67.96 | 71.28 |
| Net income 1 | 50.11 | 112.9 | 49.97 | 59.67 | 154.1 | 113.7 | 53.33 | 58.49 | 55.04 | 62.1 | 55.14 | 60.75 | 62.19 | 64.34 | 64.56 |
| Net margin | 20.29% | 44.48% | 19.46% | 22.62% | 56.42% | 40.63% | 19.55% | 20.86% | 19.22% | 21.3% | 19.14% | 20.83% | 20.95% | 21.18% | 21.4% |
| EPS 2 | 0.6400 | 1.440 | 0.6300 | 0.7500 | 1.890 | 1.400 | 0.6500 | 0.7200 | 0.6700 | 0.7600 | 0.6722 | 0.7206 | 0.7384 | 0.7631 | 0.7945 |
| Dividend per Share 2 | 1.070 | 1.070 | 1.070 | 1.070 | 1.080 | 1.110 | 1.080 | 1.090 | 1.090 | 1.090 | 1.088 | 1.088 | 1.101 | 1.100 | 1.111 |
| Announcement Date | 11/4/21 | 2/10/22 | 5/5/22 | 8/4/22 | 11/3/22 | 2/8/23 | 5/4/23 | 8/2/23 | 11/2/23 | 2/12/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 3,301 | 3,638 | 4,030 | 4,389 | 4,348 | 4,440 | 4,454 | 4,355 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.555 x | 7.222 x | 6.892 x | 6.601 x | 6.053 x | 5.86 x | 5.573 x | 5.166 x |
| Free Cash Flow 1 | 52 | -132 | 30.8 | 100 | 245 | 107 | 144 | - |
| ROE (net income / shareholders' equity) | 14.2% | 4.95% | 6.48% | 7.72% | 7.74% | 8.24% | 9.66% | 11.5% |
| ROA (Net income/ Total Assets) | 5.29% | 1.72% | 2.15% | 4.76% | 2.75% | 2.79% | 3.1% | 3.82% |
| Assets 1 | 6,542 | 7,201 | 11,804 | 7,928 | 8,335 | 8,495 | 8,570 | 7,997 |
| Book Value Per Share 2 | 33.60 | 32.10 | 32.80 | 36.30 | 35.80 | 34.50 | 33.00 | 32.40 |
| Cash Flow per Share 2 | 6.180 | 4.900 | 6.090 | 6.420 | 6.840 | 6.530 | 7.160 | 7.530 |
| Capex 1 | 410 | 502 | 441 | 417 | 311 | 404 | 326 | 327 |
| Capex / Sales | 43.95% | 60.32% | 46.43% | 38.82% | 27.51% | 34.22% | 26.2% | 24.33% |
| Announcement Date | 2/10/20 | 2/11/21 | 2/10/22 | 2/8/23 | 2/12/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
18
Last Close Price
102.6
USD
Average target price
114.6
USD
Spread / Average Target
+11.74%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -0.83% | 8.51B | |
| -6.46% | 46.33B | |
| -8.31% | 20.51B | |
| -3.56% | 12.94B | |
| +16.05% | 11.45B | |
| -4.85% | 9.75B | |
| -14.19% | 8.43B | |
| +1.38% | 7.6B | |
| -16.19% | 5.69B | |
| +4.97% | 5.19B |
- Stock Market
- Equities
- FRT Stock
- Financials Federal Realty Investment Trust
