Federal Realty Investment Trust (FRT)

Company Profile

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, D.C. to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply. Its expertise includes creating urban, mixed-use neighborhoods like Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Row in Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities. Federal Realty's 101 properties include approximately 2,800 tenants, in 23 million square feet, and approximately 2,900 residential units.

Company profile

Ticker

FRT, FRT-PC

Exchange

NYSE

Website

www.federalrealty.com

CEO

Donald C Wood

Incorporated

Maryland

Location

Maryland

Fiscal year end

Dec 31

Sector

Finance and Insurance > Other Financial Vehicles

Industry (SIC)

Real Estate Investment Trusts

Annaly Capital Management • AGNC Investment • Simon Property • Prologis • VEREIT • ARMOUR Residential REIT • Vornado Realty Trust • Welltower • Healthpeak Properties • Ventas ...

SEC CIK

0000034903

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

FR Associates Limited Partnership • Berman Enterprises II Limited Partnership • FRIT Escondido Promenade, LLC • FRIT Leasing & Development Services, Inc. • Congressional Plaza Associates, LLC • FR Pike 7 Limited Partnership • Federal/LPF GP, Inc. • Federal Realty Partners L.P. • FRLP, Inc. • Federal Realty Partners, Inc. ...

IRS number

520782497

FRT stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$119.00

Low target

$110.00

High target

$127.00

Latest filings (excl ownership)

View all

DEFA14A

Additional proxy soliciting materials

24 Mar 23

Annual report to shareholders

Departure of Directors or Certain Officers

8 Feb 23

Results of Operations and Financial Condition

3 Nov 22

Results of Operations and Financial Condition

3 Nov 22

8-K

Entry into a Material Definitive Agreement

11 Oct 22

Transcripts

View all

FRT

Earnings call transcript

2022 Q4

8 Feb 23

FRT

Earnings call transcript

2022 Q3

4 Nov 22

FRT

Earnings call transcript

2021 Q4

11 Feb 22

FRT

Earnings call transcript

2021 Q3

5 Nov 21

FRT

Earnings call transcript

2021 Q2

5 Aug 21

FRT

Earnings call transcript

2021 Q1

6 May 21

FRT

Earnings call transcript

2020 Q4

12 Feb 21

FRT

Earnings call transcript

2020 Q3

6 Nov 20

FRT

Earnings call transcript

2020 Q2

6 Aug 20

FRT

Earnings call transcript

2020 Q1

7 May 20

Latest ownership filings

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Capital Research Global Investors

Financial summary

Financial statements Chart FRT financial data

Quarter (USD)	Dec 22	Sep 22	Jun 22	Mar 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	96.35 mm	96.35 mm	96.35 mm	96.35 mm	96.35 mm	96.35 mm
Cash burn (monthly)	20.76 mm	6.57 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	62.68 mm	19.83 mm	n/a	n/a	n/a	n/a
Cash remaining	33.67 mm	76.52 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	1.6	11.7	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2022

FRT institutional ownership history Ownership history

96.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	410	377	+8.8%
Opened positions	71	40	+77.5%
Closed positions	38	57	-33.3%
Increased positions	161	155	+3.9%
Reduced positions	128	125	+2.4%

13F shares	Current	Prev Q	Change
Total value	7.93 tn	5.44 bn	+145683.7%
Total shares	78.71 mm	60.37 mm	+30.4%
Total puts	375.70 k	51.30 k	+632.4%
Total calls	385.90 k	79.40 k	+386.0%
Total put/call ratio	1.0	0.6	+50.7%

Largest owners	Shares	Value	Change
Vanguard	12.80 mm	$1.29 tn	+1.6%
STT State Street	10.20 mm	$1.04 tn	NEW
BLK Blackrock	7.61 mm	$768.61 bn	+4.3%
Norges Bank	7.21 mm	$728.76 bn	NEW
Capital Research Global Investors	5.96 mm	$601.84 bn	+1.7%
JPM JPMorgan Chase & Co.	4.51 mm	$457.31 bn	+34.9%
Resolution Capital	3.86 mm	$390.50 bn	+18.4%
IVZ Invesco	2.26 mm	$228.19 bn	-0.3%
ProShare Advisors	1.77 mm	$178.97 bn	+13.3%
Geode Capital Management	1.68 mm	$169.85 bn	+3.6%

Largest transactions	Shares	Bought/sold	Change
STT State Street	10.20 mm	+10.20 mm	NEW
Norges Bank	7.21 mm	+7.21 mm	NEW
JPM JPMorgan Chase & Co.	4.51 mm	+1.17 mm	+34.9%
CNS Cohen & Steers	12.62 k	-900.16 k	-98.6%
Waterfront Capital Partners	0.00	-686.10 k	EXIT
Resolution Capital	3.86 mm	+599.49 k	+18.4%
Schroder Investment Management	459.36 k	-351.68 k	-43.4%
BN Brookfield	13.27 k	-337.48 k	-96.2%
Wolverine Trading	331.24 k	+327.02 k	+7751.0%
BLK Blackrock	7.61 mm	+312.20 k	+4.3%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

FRT insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
14 Feb 23	Donald C Wood	Common Shares of Beneficial Interest	Sell	Dispose S	Yes	No	112.2135	1,891	212.20 k	198,819
13 Feb 23	Daniel Guglielmone	Common Shares of Beneficial Interest	Sell	Dispose S	No	No	110.6927	2,500	276.73 k	50,782
13 Feb 23	Donald C Wood	Common Shares of Beneficial Interest	Sell	Dispose S	Yes	No	111.2352	10,000	1.11 mm	200,710
12 Feb 23	Jeffrey S Berkes	Common Shares of Beneficial Interest	Payment of exercise	Dispose F	No	No	109.97	6,721	739.11 k	70,340
12 Feb 23	Daniel Guglielmone	Common Shares of Beneficial Interest	Payment of exercise	Dispose F	No	No	109.97	3,522	387.31 k	53,282
12 Feb 23	Donald C Wood	Common Shares of Beneficial Interest	Payment of exercise	Dispose F	No	No	109.97	22,764	2.50 mm	139,067
7 Feb 23	Jeffrey S Berkes	Common Shares of Beneficial Interest	Grant	Acquire A	No	No	0	11,210	0.00	77,061
7 Feb 23	Dawn M Becker	Common Shares of Beneficial Interest	Grant	Acquire A	No	No	0	10,954	0.00	159,938