Federal Realty Investment Trust (NYSE:FRT) Posts Earnings Results, Misses Estimates By $0.01 EPS

by · The Markets Daily

Federal Realty Investment Trust (NYSE:FRT – Get Free Report) posted its earnings results on Thursday. The real estate investment trust reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.01), Zacks reports. Federal Realty Investment Trust had a net margin of 27.65% and a return on equity of 11.12%. The company had revenue of $336.05 million during the quarter, compared to the consensus estimate of $327.65 million. During the same quarter in the prior year, the business earned $1.73 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. Federal Realty Investment Trust updated its FY 2026 guidance to 7.420-7.520 EPS.

Here are the key takeaways from Federal Realty Investment Trust’s conference call:

  • Federal reported strong results and outlook, with Q4 FFO up 6.4%, full-year FFO up 4.3%, and new core FFO guidance of $7.42–$7.52 for 2026 (midpoint ≈ 5.8% core growth), and it introduced a core FFO metric to strip non-recurring items for comparability.
  • Leasing momentum is robust: the portfolio is 96.1% leased (94.1% occupied), 2.3M sq ft of comparable deals drove meaningful mark-to-market rent gains and the signed-not-occupied spread contributed roughly $27M of incremental in-place income.
  • Active asset recycling and development: the company closed ~1.0M sq ft of acquisitions for $340M (initial cash yield low-7%), completed >$325M of dispositions at low-5% cap rates, and is advancing a residential pipeline (≈780 units, ~$500M pipeline with $280M previously allocated) to capture higher returns and lower capital costs.
  • Capital markets headwind from refinancings — management assumes refinancing its 1.25% notes at ~4.25%–4.5%, a ~170–180 bps financing headwind that management estimates reduces 2026 FFO by roughly $0.12 per share versus a no-refi scenario.

Federal Realty Investment Trust Stock Performance

Federal Realty Investment Trust stock traded down $2.20 during trading on Thursday, hitting $104.75. The stock had a trading volume of 1,562,378 shares, compared to its average volume of 817,648. Federal Realty Investment Trust has a 1 year low of $80.65 and a 1 year high of $111.82. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.52. The stock’s 50 day moving average is $101.62 and its two-hundred day moving average is $99.04. The stock has a market cap of $9.04 billion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth ratio of 4.64 and a beta of 1.02.

Analyst Ratings Changes

FRT has been the topic of a number of research analyst reports. Barclays restated a “positive” rating and issued a $107.00 price target on shares of Federal Realty Investment Trust in a research note on Tuesday, January 13th. Scotiabank dropped their price target on shares of Federal Realty Investment Trust from $114.00 to $113.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, January 14th. Stifel Nicolaus set a $109.50 target price on Federal Realty Investment Trust in a research report on Thursday, December 18th. Truist Financial raised their price target on shares of Federal Realty Investment Trust from $105.00 to $109.00 and gave the stock a “hold” rating in a report on Tuesday, December 2nd. Finally, UBS Group set a $113.00 price objective on Federal Realty Investment Trust in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.30.

View Our Latest Analysis on FRT

Institutional Trading of Federal Realty Investment Trust

A number of institutional investors have recently modified their holdings of the business. State Street Corp grew its holdings in shares of Federal Realty Investment Trust by 1.4% during the third quarter. State Street Corp now owns 6,668,743 shares of the real estate investment trust’s stock worth $675,610,000 after purchasing an additional 90,127 shares in the last quarter. Resolution Capital Ltd increased its holdings in shares of Federal Realty Investment Trust by 11.8% in the second quarter. Resolution Capital Ltd now owns 3,264,653 shares of the real estate investment trust’s stock worth $310,109,000 after buying an additional 344,189 shares during the period. Rush Island Management LP increased its stake in Federal Realty Investment Trust by 13.3% in the 2nd quarter. Rush Island Management LP now owns 1,605,736 shares of the real estate investment trust’s stock worth $152,529,000 after purchasing an additional 188,116 shares during the period. Northern Trust Corp raised its holdings in Federal Realty Investment Trust by 7.9% during the 3rd quarter. Northern Trust Corp now owns 1,357,425 shares of the real estate investment trust’s stock valued at $137,521,000 after buying an additional 99,161 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Federal Realty Investment Trust by 1.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,230,892 shares of the real estate investment trust’s stock valued at $124,077,000 after acquiring an additional 23,289 shares during the last quarter. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

About Federal Realty Investment Trust

(Get Free Report)

Federal Realty Investment Trust (NYSE: FRT) is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.

Federal Realty’s portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.

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