Federal Realty Investment Trust (FRT) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 341.08M | 336.05M | 322.86M | 311.52M | 309.15M | 311.44M | 303.63M | 296.05M | 291.32M | 291.81M | 286.6M | 280.68M | 273.06M | 280.06M | 273.45M | 264.1M | 256.77M | 254.15M | 247.28M | 231.63M |
| Revenue Growth % | 10.33% | 7.9% | 6.33% | 5.23% | 6.12% | 6.73% | 5.94% | 5.48% | 6.69% | 4.2% | 4.81% | 6.28% | 6.34% | 10.19% | 10.58% | 14.02% | 17.7% | 15.78% | 18.77% | 31.44% |
| Property Operating Expenses | 99.22M | 305.32M | 105.66M | 98.29M | 104.37M | 101.95M | 99.95M | 94.18M | 95.72M | 95.69M | 91.64M | 87.99M | 87.77M | 95.97M | 91.61M | 82.43M | 86.77M | 86.87M | 78.85M | 72.24M |
| Net Operating Income (NOI) | 241.87M | 30.73M | 217.2M | 213.23M | 204.78M | 209.5M | 203.68M | 201.87M | 195.6M | 196.12M | 194.96M | 192.69M | 185.29M | 184.09M | 181.84M | 181.66M | 170M | 167.28M | 168.44M | 159.38M |
| NOI Margin % | 70.91% | 9.14% | 67.27% | 68.45% | 66.24% | 67.27% | 67.08% | 68.19% | 67.14% | 67.21% | 68.03% | 68.65% | 67.86% | 65.73% | 66.5% | 68.79% | 66.21% | 65.82% | 68.11% | 68.81% |
| Operating Expenses | 125.59M | -84.91M | 106.53M | 10.49M | 96.65M | 100.18M | 97.85M | 44.86M | 95.41M | 87.34M | 94.88M | 90.89M | 89.48M | 29M | -9.89M | 88.06M | 84.02M | 19.79M | 82.86M | 80.52M |
| G&A Expenses | 0 | 12.46M | 11.65M | 11.93M | 10.88M | 14.82M | 10.82M | 12.09M | 12.01M | 13.1M | 13.15M | 11.91M | 12.54M | 13.59M | 13.1M | 13.6M | 12.34M | 14.5M | 12.25M | 12.85M |
| EBITDA | 215.49M | 213.02M | 204.94M | 291.99M | 195.08M | 196.44M | 192.86M | 242.06M | 183.6M | 191.2M | 181.81M | 180.78M | 174.44M | 234.26M | 268.84M | 168.06M | 157.66M | 225.31M | 156.18M | 146.54M |
| EBITDA Margin % | 63.18% | 63.39% | 63.48% | 93.73% | 63.1% | 63.07% | 63.52% | 81.76% | 63.02% | 65.52% | 63.44% | 64.41% | 63.89% | 83.65% | 98.31% | 63.64% | 61.4% | 88.65% | 63.16% | 63.27% |
| Depreciation & Amortization | 99.22M | 97.38M | 94.28M | 89.24M | 86.95M | 87.12M | 87.03M | 85.05M | 83.4M | 82.42M | 81.73M | 78.97M | 78.64M | 79.17M | 77.11M | 74.46M | 71.67M | 77.82M | 70.61M | 67.67M |
| D&A / Revenue % | 29.09% | 28.98% | 29.2% | 28.65% | 28.12% | 27.97% | 28.66% | 28.73% | 28.63% | 28.24% | 28.52% | 28.14% | 28.8% | 28.27% | 28.2% | 28.19% | 27.91% | 30.62% | 28.55% | 29.22% |
| Operating Income | 116.27M | 115.64M | 110.67M | 202.74M | 108.13M | 109.32M | 105.83M | 157.01M | 100.19M | 108.78M | 100.08M | 101.8M | 95.81M | 155.1M | 191.73M | 93.6M | 85.98M | 147.49M | 85.57M | 78.86M |
| Operating Margin % | 34.09% | 34.41% | 34.28% | 65.08% | 34.98% | 35.1% | 34.86% | 53.03% | 34.39% | 37.28% | 34.92% | 36.27% | 35.09% | 55.38% | 70.11% | 35.44% | 33.49% | 58.03% | 34.61% | 34.05% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 4.23x | 3.76x | 2.37x | 4.59x | 2.57x | 2.58x | 2.43x | 3.59x | 2.33x | 2.56x | 2.39x | 2.47x | 2.47x | 4.07x | 5.53x | 3.01x | 2.73x | 4.63x | 2.69x | 2.54x |
| Non-Operating Income | -94.61M | -65.1M | -605K | -1.81M | -920K | -2.12M | -1.87M | -1.96M | -1.51M | -1.29M | -2.03M | -4.09M | -1.15M | -877K | -2.11M | -2.94M | -317K | -1.44M | -1.22M | -373K |
| Pretax Income | 161.07M | 132.62M | 64.5M | 159.96M | 66.58M | 68.2M | 63.46M | 114.66M | 58.02M | 67.09M | 59.39M | 63M | 57.73M | 117.69M | 158.77M | 64.47M | 54.73M | 116.74M | 54.54M | 48.06M |
| Pretax Margin % | 47.22% | 39.46% | 19.98% | 51.35% | 21.54% | 21.9% | 20.9% | 38.73% | 19.91% | 22.99% | 20.72% | 22.45% | 21.14% | 42.02% | 58.06% | 24.41% | 21.31% | 45.93% | 22.06% | 20.75% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | 159.1M | 129.74M | 61.65M | 155.92M | 63.77M | 65.54M | 60.95M | 111.98M | 56.74M | 64.1M | 57.05M | 60.5M | 55.34M | 115.69M | 156.14M | 61.68M | 51.98M | 114.94M | 52.12M | 46.2M |
| Net Margin % | 46.65% | 38.61% | 19.09% | 50.05% | 20.63% | 21.04% | 20.07% | 37.83% | 19.48% | 21.97% | 19.9% | 21.55% | 20.26% | 41.31% | 57.1% | 23.35% | 20.25% | 45.22% | 21.08% | 19.95% |
| Net Income Growth % | 149.5% | 97.97% | 1.14% | 39.23% | 12.39% | 2.24% | 6.85% | 85.1% | 2.53% | -44.59% | -63.46% | -1.91% | 6.45% | 0.66% | 199.56% | 33.49% | 7.77% | 21.34% | 284.25% | 339.74% |
| Funds From Operations (FFO) | 258.32M | 227.12M | 155.93M | 245.16M | 150.71M | 152.65M | 147.98M | 197.03M | 140.14M | 146.52M | 138.78M | 139.47M | 133.97M | 194.86M | 233.25M | 136.14M | 123.66M | 192.75M | 122.73M | 113.88M |
| FFO Margin % | 75.73% | 67.59% | 48.3% | 78.7% | 48.75% | 49.01% | 48.74% | 66.55% | 48.1% | 50.21% | 48.42% | 49.69% | 49.06% | 69.58% | 85.3% | 51.55% | 48.16% | 75.84% | 49.63% | 49.17% |
| FFO Growth % | 71.39% | 48.78% | 5.37% | 24.43% | 7.55% | 4.18% | 6.63% | 41.27% | 4.6% | -24.8% | -40.5% | 2.45% | 8.34% | 1.09% | 90.04% | 19.55% | 10.3% | 21.11% | 228.67% | 55.38% |
| FFO per Share | 2.98 | 2.64 | 1.81 | 2.83 | 1.76 | 1.80 | 1.76 | 2.36 | 1.70 | 1.80 | 1.71 | 1.72 | 1.65 | 2.41 | 2.86 | 1.72 | 1.57 | 2.45 | 1.58 | 1.47 |
| FFO Payout Ratio % | 38.37% | 43.62% | 61.88% | 39.38% | 63.67% | 62.26% | 62.62% | 46.69% | 65.57% | 61.79% | 64.57% | 64.25% | 66.75% | 45.82% | 37.11% | 63% | 69.29% | 44% | 68.44% | 73.7% |
| EPS (Diluted) | 1.83 | 1.51 | 0.69 | 1.78 | 0.72 | 0.74 | 0.70 | 1.32 | 0.66 | 0.76 | 0.67 | 0.72 | 0.65 | 1.40 | 1.89 | 0.75 | 0.63 | 1.44 | 0.64 | 0.57 |
| EPS Growth % | 154.17% | 104.05% | -1.43% | 34.85% | 9.09% | -2.63% | 4.48% | 83.33% | 1.54% | -45.71% | -64.55% | -4% | 3.17% | -2.78% | 195.31% | 31.58% | 5% | 18.38% | 256.1% | 418.18% |
| EPS (Basic) | 1.82 | 1.51 | 0.69 | 1.78 | 0.72 | 0.74 | 0.70 | 1.32 | 0.66 | 0.76 | 0.67 | 0.72 | 0.65 | 1.40 | 1.90 | 0.75 | 0.63 | 1.45 | 0.64 | 0.57 |
| Diluted Shares Outstanding | 86.66M | 85.98M | 85.98M | 86.61M | 85.47M | 84.69M | 83.99M | 83.56M | 82.61M | 81.62M | 81.27M | 81.21M | 81.14M | 80.97M | 81.51M | 79.2M | 78.54M | 78.56M | 77.58M | 77.5M |