XNYSFRTpC
Market cap9.47bUSD
Dec 27, Last price
21.14USD
1D
-0.75%
1Q
-9.08%
Name
Federal Realty Investment Trust
Profile
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.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | 2014‑12 | |
Income | ||||||||||
Revenues | 1,132,154 5.38% | 1,074,378 12.95% | 951,224 13.85% | |||||||
Cost of revenue | 413,802 | 417,232 | 373,954 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 718,352 | 657,146 | 577,270 | |||||||
NOPBT Margin | 63.45% | 61.17% | 60.69% | |||||||
Operating Taxes | 140,917 | 136,526 | ||||||||
Tax Rate | 21.44% | 23.65% | ||||||||
NOPAT | 718,352 | 516,229 | 440,744 | |||||||
Net income | 236,985 -6.97% | 254,744 92.18% | 132,555 3,710.15% | |||||||
Dividends | (359,194) | (347,284) | (335,656) | |||||||
Dividend yield | 4.29% | 4.27% | 3.18% | |||||||
Proceeds from repurchase of equity | 126,876 | 302,375 | 169,983 | |||||||
BB yield | -1.51% | -3.72% | -1.61% | |||||||
Debt | ||||||||||
Debt current | 603,936 | 746,480 | 446,159 | |||||||
Long-term debt | 4,172,321 | 4,620,199 | 4,336,933 | |||||||
Deferred revenue | 5,021,606 | 4,745,464 | ||||||||
Other long-term liabilities | 436,724 | (5,053,465) | (4,923,120) | |||||||
Net debt | 4,490,562 | 5,135,916 | 4,607,933 | |||||||
Cash flow | ||||||||||
Cash from operating activities | 555,830 | 516,769 | 471,352 | |||||||
CAPEX | (311,120) | (416,701) | (440,514) | |||||||
Cash from investing activities | (358,325) | (785,998) | (660,118) | |||||||
Cash from financing activities | (33,849) | 190,414 | (452,967) | |||||||
FCF | 1,284,638 | 387,036 | (71,208) | |||||||
Balance | ||||||||||
Cash | 250,825 | 85,558 | 162,132 | |||||||
Long term investments | 34,870 | 145,205 | 13,027 | |||||||
Excess cash | 229,087 | 177,044 | 127,598 | |||||||
Stockholders' equity | (733,754) | (609,416) | (611,938) | |||||||
Invested Capital | 9,083,717 | 9,011,218 | 7,949,537 | |||||||
ROIC | 7.94% | 6.09% | 5.33% | |||||||
ROCE | 8.60% | 7.58% | 7.48% | |||||||
EV | ||||||||||
Common stock shares outstanding | 81,313 | 80,508 | 77,368 | |||||||
Price | 103.05 1.99% | 101.04 -25.88% | 136.32 60.15% | |||||||
Market cap | 8,379,305 3.01% | 8,134,528 -22.87% | 10,546,806 64.08% | |||||||
EV | 13,291,702 | 13,688,639 | 15,610,990 | |||||||
EBITDA | 1,040,115 | 959,555 | 857,246 | |||||||
EV/EBITDA | 12.78 | 14.27 | 18.21 | |||||||
Interest | 167,809 | 136,989 | 127,698 | |||||||
Interest/NOPBT | 23.36% | 20.85% | 22.12% |