FRT

Federal Realty Investment Trust

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Advanced Chart

91.450

+0.15(0.164%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

92.595

Open

90.970

VWAP

91.58

Vol

780.06K

Mkt Cap

8.32B

Low

90.910

Amount

71.44M

EV/EBITDA(TTM)

27.97

Total Shares

82.95M

13.04B

EV/OCF(TTM)

21.29

P/S(TTM)

6.59

Federal Realty Investment Trust is an equity real estate investment trust (REIT). The Company specializes in the ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities in the Northeast and Mid-Atlantic regions of the United States, California, and South Florida. Its portfolio includes retail in many formats, ranging from regional, community and neighborhood shopping centers that are often anchored by grocery stores to mixed-use properties that are centered around a retail component but also include office, residential and/or hotel components. The Company’s 102 properties include approximately 3,500 tenants in 27 million commercial square feet, and approximately 3,100 residential units. Its portfolio includes Assembly Square, Andorra Shopping Center, Assembly Row, and Bala Cynwyd On City Avenue.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2025Q3

FY2025Q2

323.11M

+3.84%

0.828

+10.33%

319.16M

+5.21%

0.869

+24.11%

308.74M

+4.38%

0.774

-41.39%

Estimates Revision

The market is revising Upward the revenue expectations for Federal Realty Investment Trust (FRT) for FY2025, with the revenue forecasts being adjusted by 0.27% over the past three months. During the same period, the stock price has changed by -6.88%.

Revenue Estimates for FY2025

Revise Upward

+0.27%

In Past 3 Month

EPS Estimates for FY2025

No Change

0.00%

In Past 3 Month

Stock Price

Go Down

-6.88%

In Past 3 Month

11 Analyst Rating

20.89% Upside

Wall Street analysts forecast FRT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FRT is 110.55 USD with a low forecast of 105.00 USD and a high forecast of 120.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

8 Buy

3 Hold

0 Sell

Moderate Buy

20.89% Upside

Current: 91.450

Low

105.00

Averages

110.55

High

120.00

20.89% Upside

Current: 91.450

Low

105.00

Averages

110.55

High

120.00

Mizuho

Neutral

downgrade

$107 -> $96

2025-07-17

Reason

Mizuho

Price Target

$107 -> $96

2025-07-17

downgrade

Neutral

Reason

Mizuho lowered the firm's price target on Federal Realty to $96 from $107 and keeps a Neutral rating on the shares. The firm says shopping center real estate investment trust portfolios are positioned "well-enough" from a tenant credit-reserve perspective to raise initial fiscal 2025 guidance. It expects improved occupancy and signed not occupied tailwinds to drive improved growth into the second half of 2025.

Stifel

Simon Yarmak

Hold

maintain

$109 -> $110

2025-07-10

Reason

Stifel

Simon Yarmak

Price Target

$109 -> $110

2025-07-10

maintain

Hold

Reason

Stifel analyst Simon Yarmak raised the firm's price target on Federal Realty to $110 from $109 and keeps a Hold rating on the shares. Federal Realty Trust announced a number of recent transactions and development updates as part of their ongoing capital allocation strategy, including the completion of its acquisition of both Town Center Plaza and Town Center Crossing in Leawood, Kansas for $289M in total, the analyst tells investors in a research note.

Barclays

Richard Hightower

Overweight

initiated

$106

2025-07-02

Reason

Barclays

Richard Hightower

Price Target

$106

2025-07-02

initiated

Overweight

Reason

Barclays analyst Richard Hightower initiated coverage of Federal Realty with an Overweight rating and $106 price target as the firm launched coverage of six REITs across two new sub-sectors for the franchise, Shopping Centers and Malls / Outlets. Despite \"obvious\" concerns around tariffs and the slowing consumer, the firm believes that investors may be overpaying for the \"perceived defensiveness of certain grocery-anchored portfolios,\" says the analyst, who broadly favors companies with strong balance sheets and improving free cash flow profiles.

JPMorgan

Overweight -> Neutral

downgrade

$108

2025-06-23

Reason

JPMorgan

Price Target

$108

2025-06-23

downgrade

Overweight -> Neutral

Reason

JPMorgan downgraded Federal Realty to Neutral from Overweight with an unchanged price target of $108. The firm's bias within retail continues to be more focused on companies with highly visible development and redevelopment pipelines that are driving earnings growth. Though Federal Realty also has a contributing pipeline today, it will be less of a focus for the company going forward, the analyst tells investors in a research note. JPMorgan believes concerns tied to the macro environment and tenant fallout tend to be a relative "benefit" for the more grocery and neighborhood-focused stocks.

UBS

Michael Goldsmith

Neutral

downgrade

$118 -> $103

2025-06-17

Reason

UBS

Michael Goldsmith

Price Target

$118 -> $103

2025-06-17

downgrade

Neutral

Reason

UBS analyst Michael Goldsmith lowered the firm's price target on Federal Realty to $103 from $118 and keeps a Neutral rating on the shares. Federal Realty has one of the highest quality retail REIT portfolios, with prime mixed-use centers and leading demographics, but UBS tells investors in a research note that there has been greater emphasis on Federal Realty's consensus forecasted 2026 FFO growth of 3.3%, below the peer average of 3.9%. It will likely take time for the market to appreciate changes in the company's growth profile and sees a balanced risk/reward dynamic, the firm says.

BMO Capital

Juan Sanabria

Outperform

downgrade

$117 -> $110

2025-05-26

Reason

BMO Capital

Juan Sanabria

Price Target

$117 -> $110

2025-05-26

downgrade

Outperform

Reason

BMO Capital analyst Juan Sanabria lowered the firm's price target on Federal Realty to $110 from $117 and keeps an Outperform rating on the shares. The firm made changes to its models for a number of REITs due to interest rate changes, recent results, and/or discussions with company management.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Federal Realty Investment Trust (FRT.N) is 30.72, compared to its 5-year average forward P/E of 43.50. For a more detailed relative valuation and DCF analysis to assess Federal Realty Investment Trust 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

43.50

Current PE

30.72

Overvalued PE

57.55

Undervalued PE

29.44

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Undervalued

5Y Average EV/EBITDA

19.38

Current EV/EBITDA

16.09

Overvalued EV/EBITDA

21.86

Undervalued EV/EBITDA

16.89

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Undervalued

5Y Average PS

7.79

Current PS

6.52

Overvalued PS

8.96

Undervalued PS

6.63