FEDERAL REALTY INVS TRUST (FRT)
US3137451015 - REIT
Overall FRT gets a fundamental rating of 4 out of 10. We evaluated FRT against 130 industry peers in the Diversified REITs industry. FRT scores excellent on profitability, but there are concerns on its financial health. FRT has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
FRT had positive earnings in the past year.
In the past year FRT had a positive cash flow from operations.
Each year in the past 5 years FRT has been profitable.
In the past 5 years FRT always reported a positive cash flow from operatings.
1.2 Ratios
FRT has a better Return On Assets (3.35%) than 82.03% of its industry peers.
Looking at the Return On Equity, with a value of 9.14%, FRT belongs to the top of the industry, outperforming 85.16% of the companies in the same industry.
FRT's Return On Invested Capital of 4.02% is fine compared to the rest of the industry. FRT outperforms 79.69% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for FRT is in line with the industry average of 3.08%.
The 3 year average ROIC (3.63%) for FRT is below the current ROIC(4.02%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.35% | ||
| ROE | 9.14% | ||
| ROIC | 4.02% |
ROA(3y)3.52%
ROA(5y)3.45%
ROE(3y)10.06%
ROE(5y)9.75%
ROIC(3y)3.63%
ROIC(5y)3.6%
1.3 Margins
FRT's Profit Margin of 24.05% is fine compared to the rest of the industry. FRT outperforms 78.91% of its industry peers.
In the last couple of years the Profit Margin of FRT has declined.
FRT's Operating Margin of 34.78% is fine compared to the rest of the industry. FRT outperforms 75.78% of its industry peers.
In the last couple of years the Operating Margin of FRT has declined.
FRT has a Gross Margin of 67.40%. This is comparable to the rest of the industry: FRT outperforms 50.00% of its industry peers.
FRT's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 34.78% | ||
| PM (TTM) | 24.05% | ||
| GM | 67.4% |
OM growth 3Y5.59%
OM growth 5Y-1.72%
PM growth 3Y11.05%
PM growth 5Y-4.6%
GM growth 3Y1.34%
GM growth 5Y-0.18%
2. Health
2.1 Basic Checks
FRT has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for FRT has been increased compared to 1 year ago.
Compared to 5 years ago, FRT has more shares outstanding
The debt/assets ratio for FRT is higher compared to a year ago.
2.2 Solvency
FRT has an Altman-Z score of 1.17. This is a bad value and indicates that FRT is not financially healthy and even has some risk of bankruptcy.
FRT has a better Altman-Z score (1.17) than 80.47% of its industry peers.
FRT has a debt to FCF ratio of 128.09. This is a negative value and a sign of low solvency as FRT would need 128.09 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 128.09, FRT is in line with its industry, outperforming 47.66% of the companies in the same industry.
FRT has a Debt/Equity ratio of 1.44. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.44, FRT is not doing good in the industry: 61.72% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.44 | ||
| Debt/FCF | 128.09 | ||
| Altman-Z | 1.17 |
ROIC/WACC0.56
WACC7.15%
2.3 Liquidity
A Current Ratio of 1.44 indicates that FRT should not have too much problems paying its short term obligations.
FRT's Current ratio of 1.44 is in line compared to the rest of the industry. FRT outperforms 59.38% of its industry peers.
FRT has a Quick Ratio of 1.44. This is a normal value and indicates that FRT is financially healthy and should not expect problems in meeting its short term obligations.
FRT's Quick ratio of 1.44 is fine compared to the rest of the industry. FRT outperforms 61.72% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.44 | ||
| Quick Ratio | 1.44 |
3. Growth
3.1 Past
FRT shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -18.31%.
FRT shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -2.57% yearly.
FRT shows a small growth in Revenue. In the last year, the Revenue has grown by 5.56%.
The Revenue has been growing slightly by 4.34% on average over the past years.
EPS 1Y (TTM)-18.31%
EPS 3Y5.57%
EPS 5Y-2.57%
EPS Q2Q%4.48%
Revenue 1Y (TTM)5.56%
Revenue growth 3Y10.66%
Revenue growth 5Y4.34%
Sales Q2Q%5.94%
3.2 Future
Based on estimates for the next years, FRT will show a small growth in Earnings Per Share. The EPS will grow by 6.43% on average per year.
FRT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.07% yearly.
EPS Next Y24.52%
EPS Next 2Y4.74%
EPS Next 3Y4.93%
EPS Next 5Y6.43%
Revenue Next Year6.04%
Revenue Next 2Y5.41%
Revenue Next 3Y4.68%
Revenue Next 5Y5.07%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 39.83, the valuation of FRT can be described as expensive.
FRT's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of FRT to the average of the S&P500 Index (27.73), we can say FRT is valued slightly more expensively.
Based on the Price/Forward Earnings ratio of 36.43, the valuation of FRT can be described as expensive.
Based on the Price/Forward Earnings ratio, FRT is valued a bit cheaper than 70.31% of the companies in the same industry.
FRT is valuated expensively when we compare the Price/Forward Earnings ratio to 22.83, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.83 | ||
| Fwd PE | 36.43 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FRT is valued a bit more expensive than 78.91% of the companies in the same industry.
FRT's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 271.54 | ||
| EV/EBITDA | 18.28 |
4.3 Compensation for Growth
FRT's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of FRT may justify a higher PE ratio.
PEG (NY)1.62
PEG (5Y)N/A
EPS Next 2Y4.74%
EPS Next 3Y4.93%
5. Dividend
5.1 Amount
FRT has a Yearly Dividend Yield of 3.88%.
Compared to an average industry Dividend Yield of 15.68, FRT is paying slightly less dividend.
FRT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.24.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.88% |
5.2 History
The dividend of FRT has a limited annual growth rate of 1.37%.
FRT has been paying a dividend for at least 10 years, so it has a reliable track record.
FRT has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)1.37%
Div Incr Years32
Div Non Decr Years32
5.3 Sustainability
129.04% of the earnings are spent on dividend by FRT. This is not a sustainable payout ratio.
FRT's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP129.04%
EPS Next 2Y4.74%
EPS Next 3Y4.93%
FEDERAL REALTY INVS TRUST
NYSE:FRT (12/20/2024, 8:12:58 PM)
After market: 111.92 0 (0%)111.92
+2.37 (+2.16%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners95.32%
Inst Owner Change2.94%
Ins Owners0.67%
Ins Owner Change-3.39%
Market Cap9.51B
Analysts79.05
Price Target126.59 (13.11%)
Short Float %3.12%
Short Ratio4.32
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.88% |
Dividend Growth(5Y)1.37%
DP129.04%
Div Incr Years32
Div Non Decr Years32
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-3.9%
Min EPS beat(2)-4.4%
Max EPS beat(2)-3.39%
EPS beat(4)1
Avg EPS beat(4)0.64%
Min EPS beat(4)-4.4%
Max EPS beat(4)13.37%
EPS beat(8)4
Avg EPS beat(8)17.2%
EPS beat(12)8
Avg EPS beat(12)46.92%
EPS beat(16)12
Avg EPS beat(16)69.4%
Revenue beat(2)1
Avg Revenue beat(2)-0.08%
Min Revenue beat(2)-0.16%
Max Revenue beat(2)0%
Revenue beat(4)1
Avg Revenue beat(4)-0.49%
Min Revenue beat(4)-1.21%
Max Revenue beat(4)0%
Revenue beat(8)3
Avg Revenue beat(8)-0.43%
Revenue beat(12)7
Avg Revenue beat(12)0.64%
Revenue beat(16)11
Avg Revenue beat(16)1.61%
PT rev (1m)0.82%
PT rev (3m)5.21%
EPS NQ rev (1m)0.44%
EPS NQ rev (3m)-0.9%
EPS NY rev (1m)4.16%
EPS NY rev (3m)-0.8%
Revenue NQ rev (1m)0.52%
Revenue NQ rev (3m)1.85%
Revenue NY rev (1m)0.33%
Revenue NY rev (3m)0.33%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.83 | ||
| Fwd PE | 36.43 | ||
| P/S | 8.04 | ||
| P/FCF | 271.54 | ||
| P/OCF | 16.75 | ||
| P/B | 3.06 | ||
| P/tB | 3.06 | ||
| EV/EBITDA | 18.28 |
EPS(TTM)2.81
EY2.51%
EPS(NY)3.07
Fwd EY2.74%
FCF(TTM)0.41
FCFY0.37%
OCF(TTM)6.68
OCFY5.97%
SpS13.92
BVpS36.62
TBVpS36.62
PEG (NY)1.62
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.35% | ||
| ROE | 9.14% | ||
| ROCE | 5.09% | ||
| ROIC | 4.02% | ||
| ROICexc | 4.07% | ||
| ROICexgc | 4.07% | ||
| OM | 34.78% | ||
| PM (TTM) | 24.05% | ||
| GM | 67.4% | ||
| FCFM | 2.96% |
ROA(3y)3.52%
ROA(5y)3.45%
ROE(3y)10.06%
ROE(5y)9.75%
ROIC(3y)3.63%
ROIC(5y)3.6%
ROICexc(3y)3.71%
ROICexc(5y)3.74%
ROICexgc(3y)3.71%
ROICexgc(5y)3.74%
ROCE(3y)4.59%
ROCE(5y)4.56%
ROICexcg growth 3Y9.34%
ROICexcg growth 5Y-2.86%
ROICexc growth 3Y9.36%
ROICexc growth 5Y-2.88%
OM growth 3Y5.59%
OM growth 5Y-1.72%
PM growth 3Y11.05%
PM growth 5Y-4.6%
GM growth 3Y1.34%
GM growth 5Y-0.18%
F-Score6
Asset Turnover0.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.44 | ||
| Debt/FCF | 128.09 | ||
| Debt/EBITDA | 5.99 | ||
| Cap/Depr | 157.59% | ||
| Cap/Sales | 45.03% | ||
| Interest Coverage | 2.43 | ||
| Cash Conversion | 75.75% | ||
| Profit Quality | 12.31% | ||
| Current Ratio | 1.44 | ||
| Quick Ratio | 1.44 | ||
| Altman-Z | 1.17 |
F-Score6
WACC7.15%
ROIC/WACC0.56
Cap/Depr(3y)228.85%
Cap/Depr(5y)228.67%
Cap/Sales(3y)65.76%
Cap/Sales(5y)64.83%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-18.31%
EPS 3Y5.57%
EPS 5Y-2.57%
EPS Q2Q%4.48%
EPS Next Y24.52%
EPS Next 2Y4.74%
EPS Next 3Y4.93%
EPS Next 5Y6.43%
Revenue 1Y (TTM)5.56%
Revenue growth 3Y10.66%
Revenue growth 5Y4.34%
Sales Q2Q%5.94%
Revenue Next Year6.04%
Revenue Next 2Y5.41%
Revenue Next 3Y4.68%
Revenue Next 5Y5.07%
EBIT growth 1Y6.21%
EBIT growth 3Y16.85%
EBIT growth 5Y2.55%
EBIT Next Year92.08%
EBIT Next 3Y28.72%
EBIT Next 5Y18.66%
FCF growth 1Y111.36%
FCF growth 3YN/A
FCF growth 5Y6.41%
OCF growth 1Y10.28%
OCF growth 3Y14.54%
OCF growth 5Y1.47%