Federal Realty Investment Trust (FRT)
Federal Realty is a property company that owns and manages high-end shopping centres and mixed-use spaces in some of America's most affluent neighbourhoods.
Is Federal Realty Investment Trust a good stock for a UK beginner?
The honest version: There's no rating here and nothing for sale. In its favour: Owns premium, hard-to-replicate real estate in wealthy areas. Worth weighing: High forward P/E suggests the market has high expectations for future earnings.
Is this normal for this company?
Each figure against the range this same company has produced recently. Neither end of a range is the good end.
Share price divided by the earnings actually reported over the four most recent quarters. The range is the same calculation at each of this company's last few results, so roughly the past year.
Profit as a share of sales, from the company's own quarterly statements. The range covers the 5 quarters we hold, and the figure shown is its most recent one.
How these ranges are built
Every number here is the company's own reported figure, not a comparison with other companies. The ranges come from this company's own results and its share price. Where it reports in a different currency from the one its shares trade in, the price-to-earnings range is left out rather than mixing the two.
What does Federal Realty Investment Trust do?
Federal Realty focuses on 'trophy' properties—think premium retail hubs and residential spaces in busy, wealthy areas where people love to shop and live. Rent collected from a stable mix of high-quality tenants provides the income, which helps them maintain a long track record of paying dividends to their shareholders. Keep an eye on how full they keep their properties and whether they can continue to raise rents in a changing retail landscape.
On our factor screen it looks strongest on quality and momentum, and weakest on growth.
- ✓Pays a dividend - about 4.0% a year
- ✓Growing - revenue up about 7% over the year
- ✓Very profitable - turns about 33% of sales into profit
- —
- Value screens low
- Growth screens low
Does Federal Realty Investment Trust pay a dividend?
Yes - Federal Realty Investment Trust currently pays a dividend of about 4.0% a year, which is £40 a year for every £1,000 invested (the yearly payout as a share of the price). A dividend is a slice of profit handed to shareholders; the yield moves as the price moves, and a company can cut or stop it. An ISA doesn't shelter the US tax on this one →
What do the numbers say about Federal Realty Investment Trust's dividend?
There's no rating here, and we don't judge whether the dividend will continue - that would be advice. Here are the figures income investors usually look at, and what each one means, so you can weigh it up yourself.
Figures are from the latest available data and can be distorted by one-off results. Past payments don't predict future ones, and a dividend can be cut at any time. This lays out the numbers to help you understand them - it is not a view on what will happen.
Most recent ex-dividend date: 1 Jul 2026. To receive a dividend you must already own the shares before the ex-dividend date; become a holder on or after it and the previous owner keeps that payment. Why the price usually falls that morning →
What do Federal Realty Investment Trust's numbers mean?
How has it performed?
Growth of £1,000, the worst fall, and year by year
Over about 2 years to 2026-09-11. This is the share price only - reinvesting the dividends would add to it. And it's the USD return - as a UK investor your actual £ return also moves with the exchange rate. Past performance is not a guide to the future, and it could just as easily have fallen.
How much has Federal Realty Investment Trust actually fallen?
Over the last 2 years of daily prices, Federal Realty Investment Trust fell as much as −29% from a high to a later low. Falls like this are normal when you own a share.
Past falls are not a forecast - it can fall further, or recover.
How has it done year by year?
Calendar-year total return - the share price with dividends reinvested - from adjusted closing prices. The current year is only part-complete. Past returns are not a guide to the future.
A closer look at the numbers
Ownership, earnings history, where the money goes, and the outlook range
Does the share price tell you if it's cheap or expensive?
Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.
Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.
How much money does Federal Realty Investment Trust make?
Revenue and profit by quarter, and how much of each sale turns into profit.
Where does each £100 of Federal Realty Investment Trust's sales go?
A rough split of the latest full-year figures: of every £100 of sales, about £32 covers making the product or service, £35 goes on running costs, tax and interest, and about £33 is left as profit. Margins vary a lot by industry, and one-off items can distort a single year.
When does Federal Realty Investment Trust report earnings, and how did recent quarters go?
Federal Realty Investment Trust is next scheduled to report on about 2026-10-30 - dates can move, and we don't predict results; this just tells you when to look.
‘Beat’ and ‘missed’ are against what analysts expected, not whether the business is doing well.
| Reported | Expected EPS: The earnings per share analysts expected for the quarter - the average of their forecasts. 'Beating' or 'missing' is measured against this number. | Actual EPS | vs expected |
|---|---|---|---|
| 2026-07-31 | $0.72 | $0.97 | Beat +35% |
| 2026-05-01 | $0.68 | $1.81 | Beat +165% |
| 2026-02-12 | $0.76 | $1.56 | Beat +105% |
| 2025-10-31 | $0.78 | $0.69 | Missed -11% |
| 2025-08-06 | $0.75 | $1.78 | Beat +138% |
| 2025-05-08 | $0.70 | $0.72 | Beat +2% |
Across the last 6 quarters here, Federal Realty Investment Trust came in ahead of what analysts expected 5 times. One quarter is noise, not a trend.
See who else reports over the next two weeks →
Where these figures come from
Each quarter a company reports its results against a consensus of analyst forecasts. The figures here are reported versus expected earnings per share from published results; the expectation is that analyst consensus, not our view. Report dates are estimates and can move.
What are the scenarios for Federal Realty Investment Trust?
An illustrative range for the year ahead — not a prediction or a price target.
What are the pros, cons and common questions?
The case each way, and the questions people ask
Long-term urban renewal projects significantly boost property values.
Structural shifts in how people shop permanently reduce the value of physical retail.
What are the pros and cons of Federal Realty Investment Trust?
A balance check, not a score or verdict.
- Owns premium, hard-to-replicate real estate in wealthy areas.
- Strong history of consistent dividend payments.
- High profit margins compared to many other property businesses.
- High forward P/E: Like P/E, but using analysts' forecast of NEXT year's profit instead of last year's. A much lower forward figure implies profits are expected to jump. suggests the market has high expectations for future earnings.
- Retail-focused properties are sensitive to changes in consumer shopping habits.
- Property companies are often sensitive to rising interest rates.
- Economic downturns could lead to tenant vacancies.
- Rising costs for maintaining and upgrading older properties.
- Competition from online shopping platforms impacting physical store demand.
The write-up's own warning lights — if these start happening, the case above changes.
- A sustained drop in occupancy rates across their portfolio.
- A decision to cut or significantly reduce the dividend payout.
Common questions about Federal Realty Investment Trust
Does Federal Realty Investment Trust pay a dividend?
Yes - Federal Realty Investment Trust currently pays a dividend of about 4.0% a year. Dividends are a share of profit paid to holders; the yield moves with the price and payouts can be cut.
When does Federal Realty Investment Trust report earnings next?
Federal Realty Investment Trust is next scheduled to report results on about 2026-10-30. Report dates are estimates and can move; this is a diary note for when to look, not a forecast of the outcome.
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This plain-English summary was auto-generated on 2026-08-02 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.