NYSE$FRT

Federal Realty Investment Trust · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Federal Realty reported Q4 2025 Nareit FFO of $1.84 per diluted share on property revenue of $336.0M.

Q4 net income available for common shareholders was $127.7 million ($1.48 per share). Nareit FFO was $159.2 million, or $1.84 per diluted share (+6.4% YoY); Core FFO was also $1.84. Comparable property POI rose 2.7% in Q4. 2026 Core FFO guidance is $7.42–$7.52 per share (~6.5% growth at the midpoint).

  • Q4 property revenue $336.0M.
  • Nareit FFO $1.84/sh (+6.4% YoY).
  • Comparable POI +2.7% in Q4.
  • 2026 Core FFO guide $7.42–$7.52.

Headline financials

Total Revenue

$336M

Previous: $311M+7.9%
EPS (adj)

$1.84

Previous: $1.84+0.0%
Comparable Portfolio Occupancy Rate

94.5%

No prior period
Comparable Portfolio Leased Rate

96.6%

No prior period
Cash Basis Rollover Growth

12.0%

No prior period
Nareit FFO per Diluted Share

$1.84

No prior period
Core FFO per Diluted Share

$1.84

No prior period
Small Shop Leased Rate

93.8%

No prior period
Anchor Leased Rate

97.3%

No prior period
Residential Leased Rate

94.8%

No prior period
Comparable Property Operating Income Growth

3.1%

No prior period
Net Income

$133M

Previous: $68.2M+94.4%
Operating Income

$181M

Previous: $109M+65.3%

Revenue & EPS history

Federal Realty · Revenue · Quarterly

$336M

Q4 2025+7.9%vs Q4 2024
Beat estimate in 3 of 3 quarters(100%)
ActualEstimate

Forward guidance

The release discusses FRT's outlook for upcoming periods, including capital allocation, operating priorities, and market risks.

Tailwinds

  • FRT cites operational execution and demand trends supporting the outlook.
  • Balance sheet and capital actions aim to fund growth and shareholder returns.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

-0.6%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+2.2%

Avg return

30 days after

34%

11 / 32 earnings

Positive

+1.9%

Q3 2023

Best reaction

-5.1%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.0%+0.3%+2.1%
Q4 2024+0.0%+0.7%-0.2%
Q4 2025+0.0%+0.7%-0.2%
Q3 2025+1.4%+1.4%+4.1%
Q1 2025-1.8%-0.0%+1.2%
Q3 2024+0.5%-2.6%-0.1%
Q2 2024+0.0%-0.2%+12.8%
Q1 2024+0.0%-2.4%+2.0%
Q4 2023+0.0%-1.0%+0.5%
Q3 2023+1.9%+1.5%+6.8%
Q3 2022+0.0%-3.1%-3.2%
Q2 2023-0.5%+2.7%-3.1%
Q1 2023+0.3%-3.6%-5.2%
Q2 2022+0.8%+3.1%-3.3%
Q1 2022-3.3%-9.9%-8.0%
Q3 2021-1.4%-0.2%-1.0%
Q2 2021-2.1%+2.1%+5.3%
Q1 2021-2.4%+3.3%+4.5%
Q3 2020+0.3%+30.9%+29.5%
Q2 2020-0.6%+4.7%+7.1%
Q1 2020-5.1%-2.6%+29.4%
Q3 2019+1.6%-3.7%-5.0%
Q2 2019-1.1%-2.5%-2.1%
Q1 2019+0.2%-3.0%-2.3%
Q3 2018-2.3%-1.6%+4.1%
Q2 2018-0.4%+0.6%+4.1%
Q1 2018-1.6%+1.2%+1.0%
Q3 2017+1.0%+5.3%+10.0%
Q2 2017-1.2%-0.7%-4.6%
Q1 2017-1.1%-2.5%-7.8%
Q3 2016-1.0%-0.1%-2.5%
Q2 2016-0.7%-2.3%-4.3%

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