Last 7 days
-6.4%
Last 30 days
-13.4%
Last 90 days
-7.0%
Trailing 12 Months
-14.8%
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
PSA | 51.7B | 4.2B | -4.61% | -14.88% | 11.88 | 12.36 | 22.43% | 122.66% |
DLR | 30.0B | 4.7B | -6.82% | -21.36% | 79.47 | 6.4 | 5.96% | -77.90% |
EQR | 22.3B | 2.7B | -9.31% | -29.65% | 28.69 | 8.21 | 11.91% | -41.71% |
ARE | 21.2B | 2.6B | -23.98% | -31.95% | 40.62 | 8.18 | 22.46% | -8.68% |
KIM | 13.2B | 1.7B | -4.07% | -13.87% | 104.43 | 7.61 | 26.61% | -85.07% |
MID-CAP | ||||||||
FRT | 7.7B | 1.1B | -13.38% | -14.77% | 20.08 | 7.2 | 12.95% | 47.42% |
KRG | 4.3B | 802.0M | -9.03% | -5.22% | -341.02 | 5.37 | 114.83% | 84.36% |
VNO | 2.9B | 1.8B | -31.59% | -62.57% | -8.47 | 1.63 | 13.26% | -296.88% |
MAC | 2.1B | 859.2M | -25.44% | -29.31% | -31.63 | 2.43 | 1.38% | -563.21% |
SMALL-CAP | ||||||||
SKT | 1.9B | 421.4M | -3.41% | 12.84% | 22.56 | 4.55 | 3.35% | 1705.32% |
SLG | 1.7B | 826.7M | -30.54% | -63.53% | -22.04 | 2.08 | -2.04% | -117.36% |
AIV | 1.0B | 190.3M | -7.76% | -1.93% | 11.27 | 5.46 | 12.08% | 1950.56% |
PGRE | 983.2M | 740.4M | -22.73% | -54.50% | -27.01 | 1.33 | 1.87% | -78.85% |
Income Statement (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Revenue | 2.5% | 1,074 | 1,048 | 1,022 | 990 | 951 |
Operating Expenses | 1.4% | 712 | 702 | 682 | 664 | 646 |
S&GA Expenses | -1.7% | 53.00 | 54.00 | 53.00 | 52.00 | 50.00 |
Interest Expenses | 4.7% | 137 | 131 | 128 | 127 | 128 |
Net Income | 0.2% | 385 | 385 | 281 | 265 | 261 |
Net Income Margin | -2.2% | 0.36* | 0.37* | 0.27* | 0.27* | - |
Free Cahsflow | 0.4% | 517 | 515 | 485 | 459 | - |
Balance Sheet | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Assets | 0.2% | 8,234 | 8,217 | 7,810 | 7,668 | 7,622 |
Cash Equivalents | -41.5% | 86.00 | 146 | 177 | 158 | 162 |
Liabilities | -0.5% | 5,022 | 5,049 | 4,725 | 4,740 | 4,745 |
Shareholder's Equity | 1.8% | 2,954 | 2,901 | 2,876 | 2,715 | 2,581 |
Additional Paid-In Capital | 0.7% | 3,822 | 3,794 | 3,758 | 3,573 | 3,489 |
Shares Outstanding | 0.2% | 81.00 | 81.00 | 81.00 | 79.00 | 79.00 |
Minority Interest | -1.2% | 80.00 | 81.00 | 81.00 | 81.00 | 83.00 |
Cashflow (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Cashflow From Operations | 0.4% | 517 | 515 | 485 | 459 | 471 |
Share Based Compensation | 6.0% | 14.00 | 13.00 | 13.00 | - | - |
Cashflow From Investing | -17.6% | -786 | -668 | -450 | -673 | -660 |
Cashflow From Financing | 52.9% | 190 | 125 | -156 | -416 | -452 |
40.8%
25.8%
19.2%
Y-axis is the maximum loss one would have experienced if Federal Realty Investment Trust was unfortunately bought at previous high price.
2.4%
-3.3%
-0.4%
0.7%
FIve years rolling returns for Federal Realty Investment Trust.
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 6.98 | 3,686,280 | 22,168,300 | 0.02% |
2023-03-06 | Rockefeller Capital Management L.P. | reduced | -2.95 | 134,000 | 1,656,000 | 0.01% |
2023-02-28 | Voya Investment Management LLC | added | 2.67 | 357,056 | 2,716,060 | -% |
2023-02-24 | SRS Capital Advisors, Inc. | reduced | -36.36 | -1,756 | 4,244 | -% |
2023-02-24 | NATIXIS | reduced | -87.4 | -17,071,600 | 2,807,400 | 0.02% |
2023-02-22 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | unchanged | - | 69,000 | 636,000 | 0.01% |
2023-02-22 | CVA Family Office, LLC | reduced | -15.00 | -823 | 17,177 | -% |
2023-02-21 | NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC | reduced | -15.31 | -12,618 | 231,382 | 0.01% |
2023-02-21 | MACQUARIE GROUP LTD | reduced | -3.89 | 1,429,480 | 22,817,500 | 0.03% |
2023-02-21 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | added | 24.14 | 79,597 | 281,597 | -% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Feb 14, 2023 | norges bank | 8.88% | 7,212,626 | SC 13G/A | |
Feb 13, 2023 | capital research global investors | 7.3% | 5,956,420 | SC 13G/A | |
Feb 09, 2023 | state street corp | 12.56% | 10,198,880 | SC 13G/A | |
Feb 09, 2023 | vanguard group inc | 15.77% | 12,802,837 | SC 13G/A | |
Jan 24, 2023 | blackrock inc. | 9.4% | 7,606,970 | SC 13G | |
Jan 20, 2023 | jpmorgan chase & co | 5.3% | 4,377,501 | SC 13G/A | |
Feb 11, 2022 | state street corp | 9.60% | 7,465,999 | SC 13G/A | |
Feb 11, 2022 | capital research global investors | 5.2% | 4,039,858 | SC 13G/A | |
Feb 10, 2022 | vanguard group inc | 15.30% | 11,900,087 | SC 13G/A | |
Feb 08, 2022 | norges bank | 9.27% | 7,212,626 | SC 13G/A |
Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
---|---|---|---|---|---|
Very Low Inflation | 48.96 -48.55% | 60.29 -36.64% | 86.99 -8.59% | 110.35 15.96% | 130.09 36.71% |
Current Inflation | 45.81 -51.86% | 55.63 -41.54% | 78.10 -17.93% | 97.66 2.63% | 114.12 19.92% |
Very High Inflation | 41.89 -55.98% | 49.92 -47.54% | 67.61 -28.95% | 82.92 -12.86% | 95.73 0.60% |
Date Filed | Form Type | Document | |
---|---|---|---|
Feb 24, 2023 | PRE 14A | PRE 14A | |
Feb 14, 2023 | 4 | Insider Trading | |
Feb 14, 2023 | 4 | Insider Trading | |
Feb 14, 2023 | 4 | Insider Trading | |
Feb 14, 2023 | SC 13G/A | Major Ownership Report | |
Feb 13, 2023 | SC 13G/A | Major Ownership Report | |
Feb 09, 2023 | 4 | Insider Trading | |
Feb 09, 2023 | 4 | Insider Trading | |
Feb 09, 2023 | 4 | Insider Trading | |
Feb 09, 2023 | 4 | Insider Trading |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-02-14 | WOOD DONALD C | sold | -212,196 | 112 | -1,891 | chief executive officer |
2023-02-13 | WOOD DONALD C | sold | -1,112,350 | 111 | -10,000 | chief executive officer |
2023-02-13 | Guglielmone Daniel | sold | -276,732 | 110 | -2,500 | evp-cfo and treasurer |
2023-02-12 | BERKES JEFFREY S | sold (taxes) | -739,108 | 109 | -6,721 | president and coo |
2023-02-12 | WOOD DONALD C | sold (taxes) | -2,503,360 | 109 | -22,764 | chief executive officer |
2023-02-12 | Guglielmone Daniel | sold (taxes) | -387,314 | 109 | -3,522 | evp-cfo and treasurer |
2023-02-07 | BERKES JEFFREY S | acquired | - | - | 11,210 | president and coo |
2023-02-07 | Guglielmone Daniel | acquired | - | - | 8,995 | evp-cfo and treasurer |
2023-02-07 | WOOD DONALD C | acquired | - | - | 59,082 | chief executive officer |
2023-02-07 | BECKER DAWN M | acquired | - | - | 10,954 | evp-general counsel &secretary |
Consolidated Statements Of Operations - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
REVENUE | ||||
Rental income | $ 273,179 | $ 247,024 | $ 793,516 | $ 694,954 |
Mortgage interest income | 272 | 260 | 805 | 2,116 |
Total revenue | 273,451 | 247,284 | 794,321 | 697,070 |
EXPENSES | ||||
Rental expenses | 58,809 | 49,318 | 166,189 | 141,474 |
Real estate taxes | 32,803 | 29,529 | 94,628 | 88,272 |
General and administrative | 13,100 | 12,253 | 39,046 | 35,357 |
Depreciation and amortization | 77,109 | 70,611 | 223,244 | 202,160 |
Total operating expenses | 181,821 | 161,711 | 523,107 | 467,263 |
Gain on deconsolidation of VIE | 70,374 | 0 | 70,374 | 0 |
Gain on sale of real estate and change in control of interest | 29,723 | 0 | 29,723 | 17,428 |
OPERATING INCOME | 191,727 | 85,573 | 371,311 | 247,235 |
OTHER INCOME/(EXPENSE) | ||||
Other interest income | 234 | 88 | 487 | 701 |
Interest expense | (35,060) | (32,249) | (98,707) | (95,511) |
Income (loss) from partnerships | 1,873 | 1,129 | 4,878 | (86) |
NET INCOME | 158,774 | 54,541 | 277,969 | 152,339 |
Net income attributable to noncontrolling interests | (2,636) | (2,419) | (8,171) | (5,777) |
NET INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP | 156,138 | 52,122 | 269,798 | 146,562 |
Dividends on preferred shares | (2,008) | (2,010) | (6,026) | (6,031) |
NET INCOME AVAILABLE FOR COMMON SHAREHOLDERS | $ 154,130 | $ 50,112 | $ 263,772 | $ 140,531 |
EARNINGS PER COMMON SHARE, BASIC: | ||||
Net income available for common shareholders | $ 1.90 | $ 0.64 | $ 3.31 | $ 1.81 |
Weighted average number of common shares | 80,765 | 77,485 | 79,480 | 77,269 |
EARNINGS PER COMMON SHARE, DILUTED: | ||||
Net income available for common shareholders | $ 1.89 | $ 0.64 | $ 3.31 | $ 1.81 |
Weighted average number of common shares | 81,511 | 77,575 | 80,137 | 77,287 |
EARNINGS PER COMMON UNIT, DILUTED: | ||||
COMPREHENSIVE INCOME | $ 161,569 | $ 55,095 | $ 286,902 | $ 155,530 |
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP | 158,672 | 52,634 | 277,929 | 149,480 |
Federal Realty OP LP | ||||
REVENUE | ||||
Rental income | 273,179 | 247,024 | 793,516 | 694,954 |
Mortgage interest income | 272 | 260 | 805 | 2,116 |
Total revenue | 273,451 | 247,284 | 794,321 | 697,070 |
EXPENSES | ||||
Rental expenses | 58,809 | 49,318 | 166,189 | 141,474 |
Real estate taxes | 32,803 | 29,529 | 94,628 | 88,272 |
General and administrative | 13,100 | 12,253 | 39,046 | 35,357 |
Depreciation and amortization | 77,109 | 70,611 | 223,244 | 202,160 |
Total operating expenses | 181,821 | 161,711 | 523,107 | 467,263 |
Gain on deconsolidation of VIE | 70,374 | 0 | 70,374 | 0 |
Gain on sale of real estate and change in control of interest | 29,723 | 0 | 29,723 | 17,428 |
OPERATING INCOME | 191,727 | 85,573 | 371,311 | 247,235 |
OTHER INCOME/(EXPENSE) | ||||
Other interest income | 234 | 88 | 487 | 701 |
Interest expense | (35,060) | (32,249) | (98,707) | (95,511) |
Income (loss) from partnerships | 1,873 | 1,129 | 4,878 | (86) |
NET INCOME | 158,774 | 54,541 | 277,969 | 152,339 |
Net income attributable to noncontrolling interests | (2,636) | (2,419) | (8,171) | (5,777) |
NET INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP | 156,138 | 52,122 | 269,798 | 146,562 |
Distributions declared to preferred unit holders | (2,008) | (2,010) | (6,026) | (6,031) |
NET INCOME AVAILABLE FOR COMMON UNIT HOLDERS | $ 154,130 | $ 50,112 | $ 263,772 | $ 140,531 |
EARNINGS PER COMMON UNIT, BASIC: | ||||
Net income available for common unit holders | $ 1.90 | $ 0.64 | $ 3.31 | $ 1.81 |
Weighted average common units outstanding | 80,765 | 77,485 | 79,480 | 77,269 |
EARNINGS PER COMMON UNIT, DILUTED: | ||||
Net income available for common unit holders | $ 1.89 | $ 0.64 | $ 3.31 | $ 1.81 |
Weighted average common units outstanding | 81,511 | 77,575 | 80,137 | 77,287 |
COMPREHENSIVE INCOME | $ 161,569 | $ 55,095 | $ 286,902 | $ 155,530 |
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP | $ 158,672 | $ 52,634 | $ 277,929 | $ 149,480 |
Consolidated Balance Sheets - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
---|---|---|
ASSETS | ||
Operating (including $1,963,129 and $2,207,648 of consolidated variable interest entities, respectively) | $ 9,323,359 | $ 8,814,791 |
Construction-in-progress (including $23,448 and $18,752 of consolidated variable interest entities, respectively) | 681,641 | 607,271 |
Real estate, at cost, total | 10,005,000 | 9,422,062 |
Less accumulated depreciation and amortization (including $349,553 and $389,950 of consolidated variable interest entities, respectively) | (2,660,799) | (2,531,095) |
Net real estate | 7,344,201 | 6,890,967 |
Cash and cash equivalents | 146,214 | 162,132 |
Accounts and notes receivable, net | 187,149 | 169,007 |
Mortgage notes receivable, net | 9,475 | 9,543 |
Investment in partnerships | 122,822 | 13,027 |
Operating lease right of use assets, net | 95,187 | 90,743 |
Finance lease right of use assets, net | 45,756 | 49,832 |
Prepaid expenses and other assets | 266,203 | 237,069 |
TOTAL ASSETS | 8,217,007 | 7,622,320 |
Liabilities | ||
Mortgages payable, net (including $192,442 and $335,301 of consolidated variable interest entities, respectively) | 321,299 | 339,993 |
Notes payable, net | 568,302 | 301,466 |
Senior notes and debentures, net | 3,407,298 | 3,406,088 |
Accounts payable and accrued expenses | 245,610 | 235,168 |
Dividends payable | 90,121 | 86,538 |
Security deposits payable | 28,042 | 25,331 |
Operating lease liabilities | 78,234 | 72,661 |
Finance lease liabilities | 67,662 | 72,032 |
Other liabilities and deferred credits | 242,800 | 206,187 |
Total liabilities | 5,049,368 | 4,745,464 |
Commitments and contingencies (Note 6) | ||
Redeemable noncontrolling interests | 185,759 | 213,708 |
Shareholders’ equity | ||
Common shares of beneficial interest, $.01 par, 100,000,000 shares authorized, 81,204,286 and 78,603,305 shares issued and outstanding, respectively | 817 | 790 |
Additional paid-in capital | 3,794,247 | 3,488,794 |
Accumulated dividends in excess of net income | (1,060,027) | (1,066,932) |
Accumulated other comprehensive income (loss) | 6,084 | (2,047) |
Total shareholders’ equity of the Trust | 2,900,943 | 2,580,602 |
Noncontrolling interests | 80,937 | 82,546 |
Total shareholders’ equity | 2,981,880 | 2,663,148 |
Partner capital | ||
Accumulated other comprehensive income (loss) | 6,084 | (2,047) |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY / CAPITAL | 8,217,007 | 7,622,320 |
Federal Realty OP LP | ||
ASSETS | ||
Operating (including $1,963,129 and $2,207,648 of consolidated variable interest entities, respectively) | 9,323,359 | 8,814,791 |
Construction-in-progress (including $23,448 and $18,752 of consolidated variable interest entities, respectively) | 681,641 | 607,271 |
Real estate, at cost, total | 10,005,000 | 9,422,062 |
Less accumulated depreciation and amortization (including $349,553 and $389,950 of consolidated variable interest entities, respectively) | (2,660,799) | (2,531,095) |
Net real estate | 7,344,201 | 6,890,967 |
Cash and cash equivalents | 146,214 | 162,132 |
Accounts and notes receivable, net | 187,149 | 169,007 |
Mortgage notes receivable, net | 9,475 | 9,543 |
Investment in partnerships | 122,822 | 13,027 |
Operating lease right of use assets, net | 95,187 | 90,743 |
Finance lease right of use assets, net | 45,756 | 49,832 |
Prepaid expenses and other assets | 266,203 | 237,069 |
TOTAL ASSETS | 8,217,007 | 7,622,320 |
Liabilities | ||
Mortgages payable, net (including $192,442 and $335,301 of consolidated variable interest entities, respectively) | 321,299 | 339,993 |
Notes payable, net | 568,302 | 301,466 |
Senior notes and debentures, net | 3,407,298 | 3,406,088 |
Accounts payable and accrued expenses | 245,610 | 235,168 |
Dividends payable | 90,121 | 86,538 |
Security deposits payable | 28,042 | 25,331 |
Operating lease liabilities | 78,234 | 72,661 |
Finance lease liabilities | 67,662 | 72,032 |
Other liabilities and deferred credits | 242,800 | 206,187 |
Total liabilities | 5,049,368 | 4,745,464 |
Commitments and contingencies (Note 6) | ||
Redeemable noncontrolling interests | 185,759 | 213,708 |
Shareholders’ equity | ||
Accumulated other comprehensive income (loss) | 6,084 | (2,047) |
Partner capital | ||
Preferred units, 398,878 and 405,896 units issued and outstanding, respectively | 154,788 | 154,963 |
Common units, 81,204,286 and 78,603,305 units issued and outstanding, respectively | 2,740,071 | 2,427,686 |
Accumulated other comprehensive income (loss) | 6,084 | (2,047) |
Total partner capital | 2,900,943 | 2,580,602 |
Noncontrolling interests in consolidated partnerships | 80,937 | 82,546 |
Total capital | 2,981,880 | 2,663,148 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY / CAPITAL | 8,217,007 | 7,622,320 |
5.0% Series C Cumulative Redeemable Preferred Shares, (stated at liquidation preference $25,000 per share), 6,000 shares issued and outstanding | ||
Shareholders’ equity | ||
Preferred shares, authorized 15,000,000 shares, $.01 par: | 150,000 | 150,000 |
5.417% Series 1 Cumulative Convertible Preferred Shares, (stated at liquidation preference $25 per share), 392,878 and 399,896 shares issued and outstanding, respectively | ||
Shareholders’ equity | ||
Preferred shares, authorized 15,000,000 shares, $.01 par: | $ 9,822 | $ 9,997 |