← FEDERAL REALTY INVESTMENT TRUST
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $801.6m |
$857.3m
+6.96%
|
$915.4m
+6.78%
|
$935.8m
+2.22%
|
$835.5m
-10.72%
|
$951.2m
+13.85%
|
$1.1b
+12.95%
|
$1.1b
+5.38%
|
$1.2b
+6.21%
|
$1.3b
+6.36%
|
$1.3b
+4.39%
|
|
| Other Cost of Operating Revenue | $12.5m | $10.7m | $12.7m | $24.2m | $15.1m | $22.6m | $28.0m | $26.9m | $24.8m | $25.8m | — | |
| General and Administrative Expense | $33.4m | $36.3m | $33.6m | $42.8m | $41.7m | $49.9m | $52.6m | $50.7m | $49.7m | $46.9m | $49.5m | |
| Operating Lease, Lease Income | $786.6m | $841.5m | $895.7m | $932.7m | $832.2m | $948.8m | $1.1b | $1.1b | $1.2b | $1.2b | — | |
| Operating Expenses | $480.6m | $525.1m | $565.7m | $581.3m | $586.9m | $646.4m | $711.8m | $735.6m | $784.1m | $833.6m | $874.5m | |
| Operating Income (Loss) | $321.0m |
$332.3m
+3.52%
|
$349.7m
+5.25%
|
$470.9m
+34.65%
|
$289.5m
-38.52%
|
$394.7m
+36.34%
|
$526.4m
+33.36%
|
$406.5m
-22.78%
|
$472.4m
+16.21%
|
$602.2m
+27.49%
|
$460.6m
-23.51%
|
|
| Interest Expense | $95.0m | $100.1m | $110.2m | $109.6m | $136.3m | $127.7m | $137.0m | $167.8m | $175.5m | $183.6m | $195.7m | |
| Interest Income, Other | $374k | $475k | $942k | $1.3m | $1.9m | $809k | $1.1m | $4.7m | $4.3m | $3.1m | $3.1m | |
| Mortgage interest income | $4.0m | $3.1m | $3.1m | $3.0m | $3.3m | $2.4m | $1.1m | $1.1m | $1.1m | $1.1m | — | |
| Other interest income | $374k | $475k | $942k | $1.3m | $1.9m | $809k | $1.1m | $4.7m | $4.3m | $3.1m | — | |
| Gain on sale of real estate | — | — | — | — | — | — | $93.5m | $9.9m | $54.0m | $150.1m | — | |
| Income (Loss) from Equity Method Investments | $50k | ($417k) | ($3.4m) | ($2.0m) | ($8.1m) | $1.2m | $5.2m | $3.9m | $3.2m | $1.9m | — | |
| Real Estate Tax Expense | $95.3m | $107.8m | $114.8m | $110.9m | $119.2m | $118.5m | $127.8m | $131.4m | $142.2m | $151.4m | — | |
| Net Income (Loss) Attributable to Parent | $249.9m |
$289.9m
+16.01%
|
$241.9m
-16.56%
|
$353.9m
+46.28%
|
$131.7m
-62.78%
|
$261.5m
+98.55%
|
$385.5m
+47.42%
|
$237.0m
-38.52%
|
$295.2m
+24.57%
|
$411.1m
+39.25%
|
$426.8m
+3.83%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | $249.4m |
$287.5m
+15.27%
|
$233.9m
-18.64%
|
$345.8m
+47.87%
|
$123.7m
-64.24%
|
$253.5m
+104.96%
|
$377.5m
+48.92%
|
$229.0m
-39.34%
|
$287.2m
+25.43%
|
$403.0m
+40.35%
|
$426.8m
+5.90%
|
|
| Net Income (Loss) Attributable to Noncontrolling Interest | $9.0m | $8.0m | $7.1m | $6.7m | $4.2m | $7.6m | $10.2m | $10.2m | $9.1m | $12.6m | $426.8m | |
| Net income attributable to noncontrolling interests | ($9.0m) | ($8.0m) | ($7.1m) | ($6.7m) | ($4.2m) | ($7.6m) | ($10.2m) | ($10.2m) | ($9.1m) | ($12.6m) | — | |
| Preferred Stock Dividends, Income Statement Impact | $1 | $2 | $8 | $8 | $8 | $8 | $8 | $8 | $8 | $8 | $8.0m | |
| Income (Loss) from Continuing Operations, Per Basic Share | $3 | — | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | $3 | — | — | — | — | — | — | — | — | — | — | |
| Earnings Per Share, Basic | $3.51 | $3.97 | $3.18 | $4.61 | $1.62 | $3.26 | $4.71 | $2.80 | $3.42 | $4.68 | $4.96 | |
| Earnings Per Share, Diluted | $3.50 | $3.97 | $3.18 | $4.61 | $1.62 | $3.26 | $4.71 | $2.80 | $3.42 | $4.68 | $4.95 | |
| Common Stock, Dividends, Per Share, Declared | $3.84 | $3.96 | $4.04 | $4.14 | $4.22 | $4.26 | $4.30 | $4.34 | $4.38 | $4.46 | — | |
| Preferred Stock, Dividends Per Share, Declared | $1.35 | $3.97 | $3.18 | $4.61 | $1.62 | $3.26 | $4.71 | $2.80 | $3.42 | $4.68 | $8,032,000.00 | |
| Dividends on preferred shares | ($1) | ($2) | ($8) | ($8) | ($8) | ($8) | ($8) | ($8) | ($8) | ($8) | — | |
| Weighted Average Number of Shares Outstanding, Basic | 70.9m | 72.1m | 73.3m | 74.8m | 75.5m | 77.3m | 79.9m | 81.3m | 83.6m | 85.9m | 86.0m | |
| Weighted average number of common shares | $70.9m | $72.1m | $73.3m | $74.8m | $75.5m | $77.4m | $80.5m | $81.3m | $83.6m | $86.4m | — | |
| Weighted Average Number of Shares Outstanding, Diluted | 71.0m | 72.2m | 73.3m | 74.8m | 75.5m | 77.4m | 80.5m | 81.3m | 83.6m | 86.4m | 86.6m | |
| Additional Financial Items | ||||||||||||
| Cost of Property Repairs and Maintenance | $64.9m | $68.0m | $67.7m | $73.2m | $66.8m | $78.0m | $90.3m | $87.3m | $99.4m | $108.3m | — | |
| Direct Costs of Leased and Rented Property or Equipment | $158.3m | $164.9m | $173.1m | $187.8m | $170.9m | $198.1m | $229.0m | $231.7m | $249.6m | $267.4m | — | |
| Management Fee Expense | — | — | $24.0m | $24.9m | $23.8m | $24.9m | $27.4m | $30.2m | $32.2m | $34.6m | — | |
| Other Cost and Expense, Operating | $158.3m | $164.9m | $173.1m | $187.8m | $170.9m | $198.1m | $229.0m | $231.7m | $249.6m | $267.4m | — | |
| Rental income | $786.6m | $841.5m | $895.7m | $932.7m | $832.2m | $948.8m | $1.1b | $1.1b | $1.2b | $1.2b | — | |
| Other property income | $11.0m | $12.8m | $16.6m | — | — | — | $25.5m | $29.6m | $31.3m | $32.4m | — | |
| Rental expenses | $158.3m | $164.9m | $173.1m | $187.8m | $170.9m | $198.1m | $229.0m | $231.7m | $249.6m | $267.4m | — | |
| Real estate taxes | $95.3m | $107.8m | $114.8m | $110.9m | $119.2m | $118.5m | $127.8m | $131.4m | $142.2m | $151.4m | — | |
| Depreciation and amortization | $193.6m | $216.1m | $244.2m | $239.8m | $255.0m | $280.0m | $302.4m | $321.8m | $342.6m | $367.8m | $391.5m | |
| New market tax credit transaction income | — | — | — | — | — | — | — | $0 | $0 | $14.2m | — | |
| Impairment charge | — | — | $0 | $0 | ($57.2m) | $0 | $0 | $0 | $0 | ($7.4m) | — | |
| Income from partnerships | $50k | ($417k) | ($3.4m) | ($2.0m) | ($8.1m) | $1.2m | $5.2m | $3.9m | $3.2m | $1.9m | — | |
| Distributions declared to preferred unit holders | — | — | — | — | ($8.0m) | ($8.0m) | ($8.0m) | ($8.0m) | ($8.0m) | ($8.0m) | — | |
| Weighted average number of common units | — | — | — | — | $75.5m | $77.3m | $79.9m | $81.3m | $83.6m | $86.4m | — | |
| Other comprehensive (loss) income - change in value of interest rate swaps | $1.5m | $2.6m | ($438k) | ($397k) | ($5.3m) | $3.9m | $8.6m | ($1.8m) | $711k | ($2.9m) | — | |
| Comprehensive income attributable to noncontrolling interests | ($9.0m) | ($8.0m) | ($7.1m) | ($6.7m) | ($3.7m) | ($7.9m) | ($10.9m) | ($10.1m) | ($9.1m) | ($12.4m) | — | |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP | $251.4m | $292.5m | $241.5m | $353.5m | $126.9m | $265.1m | $393.3m | $235.3m | $295.9m | $408.4m | ||
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $218.8m | $212.3m | $230.0m | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $226.4m | $219.9m | $237.1m | — | — | — | — | — | — | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.