Federal Realty Investment Trust (NYSE:FRT) Posts Quarterly Earnings Results

Federal Realty Investment Trust (NYSE:FRT) issued its quarterly earnings results on Thursday. The real estate investment trust reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.38), Zacks reports. The firm had revenue of $336.05 million for the quarter, compared to analysts’ expectations of $327.65 million. Federal Realty Investment Trust had a net margin of 32.14% and a return on equity of 13.13%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.73 EPS. 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 Price Performance

FRT stock traded up $0.04 during mid-day trading on Friday, hitting $104.79. 1,447,205 shares of the stock were exchanged, compared to its average volume of 848,137. The business has a fifty day moving average price of $101.77 and a 200 day moving average price of $99.12. Federal Realty Investment Trust has a 12 month low of $80.65 and a 12 month high of $111.50. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.60 and a quick ratio of 1.60. The stock has a market capitalization of $9.04 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 4.52 and a beta of 1.02.

Federal Realty Investment Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st will be given a dividend of $1.13 per share. The ex-dividend date is Wednesday, April 1st. This represents a $4.52 dividend on an annualized basis and a yield of 4.3%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 96.79%.

Institutional Investors Weigh In On Federal Realty Investment Trust

Hedge funds have recently made changes to their positions in the business. Advisory Services Network LLC bought a new stake in Federal Realty Investment Trust in the third quarter worth $35,000. Los Angeles Capital Management LLC purchased a new position in shares of Federal Realty Investment Trust in the fourth quarter worth about $39,000. Brown Brothers Harriman & Co. lifted its stake in shares of Federal Realty Investment Trust by 87.4% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 491 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 229 shares during the last quarter. Danske Bank A S purchased a new stake in Federal Realty Investment Trust during the 3rd quarter valued at about $61,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Federal Realty Investment Trust by 18.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 690 shares of the real estate investment trust’s stock valued at $66,000 after acquiring an additional 109 shares during the period. 93.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Federal Realty Investment Trust in a research report on Monday, December 29th. JPMorgan Chase & Co. upgraded shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $107.00 to $114.00 in a research note on Thursday, December 18th. Mizuho set a $105.00 target price on shares of Federal Realty Investment Trust in a report on Friday, January 9th. Jefferies Financial Group raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating and raised their price target for the stock from $101.00 to $115.00 in a report on Monday, December 15th. Finally, Truist Financial boosted their price objective on Federal Realty Investment Trust from $105.00 to $109.00 and gave the company a “hold” rating in a research note on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $110.40.

Key Stories Impacting Federal Realty Investment Trust

Here are the key news stories impacting Federal Realty Investment Trust this week:

• Positive Sentiment: Management raised FY‑2026 guidance and expects FFO above Street estimates, signaling confidence in leasing demand and rent growth — supportive for future cash flow and valuation. Press Release
• Positive Sentiment: Company reported strong leasing, higher occupancy and is advancing its residential development pipeline while targeting near‑6% core FFO growth for 2026 — a strategic mix that can boost long‑term cash flow growth. MSN Article
• Positive Sentiment: Quarterly dividend declared at $1.13 per share (annualized yield ~4.3%), supporting income investors and making the REIT more attractive to yield-seeking holders. (Company disclosure)
• Neutral Sentiment: Analyst coverage and comparisons are mixed — some writeups re-evaluate FRT vs. peers (e.g., NETSTREIT) and highlight differing analyst views; expect analyst revisions and commentary to drive short‑term trading. AAII Comparison
• Negative Sentiment: Q4 results missed on EPS/FFO: reported EPS and FFO slightly below consensus (FFO ≈ $1.84 vs. ~$1.86 estimate) and same‑store POI/comp growth showed signs of slowing — a potential near‑term headwind for sentiment and multiple expansion. Seeking Alpha

About Federal Realty Investment Trust

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.