Federal Realty Investment Trust

FRTNYSEReal Estate● Active

$122.10

$-0.46(-0.38%)

Market Cap$10.5B

P/E Ratio—

52W High$123.01

52W Low$89.99

Avg Volume871K

Open$122.62

Beta0.94

Free Cash Flow Financials Revenue

Federal Realty Investment Trust (FRT) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

FRT · free cash flow · updated Jun 8, 2026

Core FCF metrics

FRT · FCF · TTM · margin & CAGR

Free cash flow was $331.0M for FY2025 (fiscal year ending 2025-12-31), up 1.0% year-over-year The FCF margin was 25.9%.

FY2025 Free Cash Flow$331.0M▲ +1.0% YoY

Trailing 12M (TTM)$529.2Mtrailing 4 quarters sum

FCF Margin25.9%$331.0M ÷ revenue

3-Year CAGR+49.0%FY2022 → FY2025

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

FRT · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$622.4M(291M)$331.0M▲ +1.0%25.9%

FY2024$574.6M(247M)$327.8M▲ +34.0%27.3%

FY2023$555.8M(311M)$244.7M▲ +144.5%21.6%

FY2022$516.8M(417M)$100.1M▲ +224.5%9.3%

FY2021$471.4M(441M)$30.8M▲ +123.4%3.2%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

FRT · P/FCF · FCF yield · FCF per share

Federal Realty Investment Trust (FRT) trades at a FCF yield of 5.02% and a price-to-free-cash-flow ratio of 19.8x. FCF per share stands at $6.16, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

5.02%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$6.16

TTM FCF ÷ Shares Outstanding

Price / FCF

x19.8

Share Price ÷ FCF per Share

EV / FCF (TTM)

x29.0

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

FRT · cash flow statement · operating / investing / financing

For FY2025, Federal Realty Investment Trust generated $622.4M in operating cash flow and spent 291M in capital expenditures, yielding $331.0M in free cash flow.

Operating Activities

+$622.4M

Cash from core business operations

2025-12-31

Investing Activities

−$743.1M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$103.0M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($622.4M) − |CapEx| (291M) = FCF ($331.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Real Estate)

FRT vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Federal Realty Investment TrustYOU

FRT

$331.0M+1.0%25.9%

American Tower Corporation

AMT

$3.78B+2.2%35.5%

76%

Simon Property Group, Inc.

Real Estate · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Federal Realty Investment Trust (FRT) reported free cash flow of $331.0M for FY2025 (fiscal year ending 2025-12-31), up 1.0% year-over-year. The FCF margin was 25.9%.

Based on available data, Federal Realty Investment Trust has maintained positive free cash flow for at least 10 fiscal year(s). FCF peaked at $331.0M in FY2025.

Federal Realty Investment Trust's FCF yield is 5.02% and price-to-FCF ratio is 19.8x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

FRT free cash flow · 8 questions

Federal Realty Investment Trust free cash flow was $331.0M for FY2025, up 1.0% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $529.2M.

FRT free cash flowFRT FCFFRT FCF 2025FRT free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Federal Realty Investment Trust · Federal Realty Investment Trust SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026