FEDERAL REALTY INVESTMENT TRUST
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 4,964 | 60.4 |
| Stockholders' equity | 3,249 | 39.6 |
| Total capitalization | 8,212 | 100.0 |
86,389,197 shares outstanding at 28 April 2026 (cover page of the 10-Q filed 1 May 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 4,964 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 200,000,000 |
| Common shares issued | 86,266,009 |
| Treasury shares | 0 |
| Par or stated value per share ($) | 0.01 |
| Outstanding at 4/28/26 | 86,389,197 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 4.46 | 95.3 |
| 2024 | 4.38 | 128.1 |
| 2023 | 4.34 | 155.0 |
| 2022 | 4.30 | 91.3 |
| 2021 | 4.26 | 130.7 |
HISTORY AND BUSINESS
HISTORY: Incorporated in Maryland.
BUSINESS: Classified by the SEC under Standard Industrial Classification 6798, Real Estate Investment Trusts. Large accelerated filer. Principal executive office: 909 Rose Avenue, Suite 200, North Bethesda, MD 20852. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Total revenues | 1,279 | 1,202 | 1,132 |
| Rental revenue | 1,245 | 1,170 | 1,101 |
| Depreciation and amortization | 368 | 343 | 322 |
| Operating income | 602 | 472 | 406 |
| Interest expense | 184 | 175 | 168 |
| Net income | 411 | 295 | 237 |
| Earned per share, diluted ($) | 4.68 | 3.42 | 2.80 |
| Dividends per share ($) | 4.46 | 4.38 | 4.34 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Real estate, net | 8,288 | 7,751 |
| Cash and equivalents | 107 | 123 |
| Total assets | 9,130 | 8,525 |
| Debt | 4,964 | 4,497 |
| Total liabilities | 5,630 | 5,100 |
| Stockholders' equity | 3,249 | 3,172 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 1,279 | 602 | 411 | 32.1 | 4.68 | 4.46 | 622 | – | – | 9,130 | 5,630 | 4,964 | 3,249 | 12.7 | 1.53 |
| 12/31/24 | 1,202 | 472 | 295 | 24.6 | 3.42 | 4.38 | 575 | – | – | 8,525 | 5,100 | 4,497 | 3,172 | 9.3 | 1.42 |
| 12/31/23 | 1,132 | 406 | 237 | 20.9 | 2.80 | 4.34 | 556 | – | – | 8,437 | 5,211 | 4,616 | 2,964 | 8.0 | 1.56 |
| 12/31/22 | 1,074 | 526 | 385 | 35.9 | 4.71 | 4.30 | 517 | – | – | 8,234 | 5,022 | 4,344 | 2,954 | 13.0 | 1.47 |
| 12/31/21 | 951 | 395 | 261 | 27.5 | 3.26 | 4.26 | 471 | – | – | 7,622 | 4,745 | 4,063 | 2,581 | 10.1 | 1.57 |
| 12/31/20 | 835 | 290 | 132 | 15.8 | 1.62 | 4.22 | 370 | – | – | 7,608 | 4,921 | 4,309 | 2,464 | 5.3 | 1.75 |
| 12/31/19 | 936 | 471 | 354 | 37.8 | 4.61 | 4.14 | 462 | 83 | 379 | 6,795 | 4,019 | 3,370 | 2,535 | 14.0 | 1.33 |
| 12/31/18 | 915 | 362 | 242 | 26.4 | 3.18 | 4.04 | 517 | 66 | 451 | 6,290 | 3,686 | 3,174 | 2,346 | 10.3 | 1.35 |
| 12/31/17 | 857 | 410 | 290 | 33.8 | 3.97 | 3.96 | 459 | 77 | 382 | 6,276 | 3,743 | 3,232 | 2,267 | 12.8 | 1.43 |
| 12/31/16 | 802 | 321 | 250 | 31.2 | 3.50 | 3.84 | 428 | 58 | 370 | 5,423 | 3,204 | 2,741 | 1,977 | 12.6 | 1.39 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
FEDERAL REALTY INVESTMENT TRUST
CIK 34903 · EIN 52-0782497
PRINCIPAL OFFICE:
909 Rose Avenue, Suite 200, North Bethesda, MD 20852
Tel.: 3019988100
INCORPORATED:
Maryland
INDUSTRY (SEC SIC CODE):
6798 · Real Estate Investment Trusts
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 12 February 2026
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2024 (filed 2/12/26) · 10-K FY2024 (filed 2/13/25) · 10-K FY2023 (filed 2/12/24) · 10-K FY2022 (filed 2/8/23) · 10-K FY2021 (filed 2/10/22) · 10-K FY2020 (filed 2/11/21) · 10-K FY2019 (filed 2/10/20) · 10-K FY2018 (filed 2/13/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.