Federal Realty Investment Trust (FRT) 10-K Summaries & Annual Filing History
Review Federal Realty Investment Trust (FRT) 10-K filings from 2023 through the latest annual report, including business, financial performance, risks, and liquidity.
Key takeaway
Year ended Dec 31, 2025 · FY2024 10-K
Federal Realty Investment Trust filed its annual report for the fiscal year. The company reported revenue growth and positive operating cash flow, while also disclosing its liquidity position and upcoming debt maturities.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$1.3B
Revenue reported for the fiscal year.
Operating income
$602.2M
Income from operations reported for the year.
Net income
$411.1M
Net income reported for the year.
Operating cash flow
$622.4M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $1.1B | +12.9% |
| Dec 31, 2023 | $1.1B | +5.4% |
| Dec 31, 2024 | $1.2B | +6.2% |
| Dec 31, 2025 | $1.3B | +6.4% |
Business overview
The company is a real estate investment trust that owns and operates properties, generating cash from operations. It uses this cash to pay dividends to shareholders and fund capital projects such as tenant improvements and redevelopments. The company also relies on debt and equity markets for long-term capital.
Financial performance
Revenue increased compared to the prior year, continuing a multi-year trend of growth. Operating income, net income, and cash flow from operations were all reported at healthy levels. The company's financial results indicate steady operational performance.
Material risks
The filing includes a risk factors section, but the provided context does not detail specific risks. The company's liquidity discussion mentions significant debt maturing in the near term, which could pose refinancing risk. However, the company has access to credit facilities and has recently refinanced some debt.
Liquidity and capital
The company generates significant cash from operations, which is primarily used for dividends and capital projects. It maintains a revolving credit facility and has recently amended its term loan and refinanced a mortgage to manage liquidity.
What to watch
Investors should monitor the company's ability to refinance or repay its near-term debt maturities in the next filing.