Federal Realty Investment Trust (FRT) FY2015 results: revenue $744 million, up 8.4% on the year
Federal Realty Investment Trust (FRT) reported revenue of $744 million for fiscal 2015, the year ended 31 December 2015, up 8.4% on the year before. Net income was $210 million, up 27.8%, and diluted earnings per share $3.03. The figures are the company's own, from the 10-K it filed with the SEC on 9 February 2016.
Revenue
$744 million
+8.4% on the year
FY2008FY2015
Operating margin
40.3%
39.5% a year earlier
FY2008FY2015
Net income
$210 million
+27.8% on the year
FY2008FY2015
Diluted EPS
$3.03
+25.7% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
744
686
637
+8.4%
Operating income
300
271
254
+10.7%
Operating margin
40.3%
39.5%
39.9%
Interest expense
92.6
93.9
105
-1.5%
Net income
210
165
163
+27.8%
Net margin
28.3%
24.0%
25.5%
Diluted EPS
$3.03
$2.41
$2.46
+25.7%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
369
346
314
+6.6%
Capital expenditure
46.1
46.3
47.1
-0.4%
Free cash flow
323
300
267
+7.7%
Free cash flow margin
43.4%
43.7%
42.0%
Cash from investing
-354
-396
-345
Cash from financing
-42.2
9.0
82.6
Depreciation and amortisation
175
171
161
+2.3%
Share-based compensation
11.2
11.8
10.2
-4.7%
Dividend per share
$3.62
$3.30
$3.02
+9.7%
Diluted shares, weighted
69m
67m
65m
+2.2%
Shares outstanding at period end
69m
69m
67m
+1.3%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,664
1,604
1,448
+3.7%
Non-controlling interest
118
88.2
23.1
+34.1%
Redeemable equity
137
119
104
+15.3%
Debt
2,560
2,340
2,249
+9.4%
Other liabilities
418
396
395
+5.5%
Total liabilities and equity
4,897
4,547
4,219
+7.7%
Cash and equivalents
21.0
48.0
88.9
-56.1%
Other assets
4,876
4,499
4,130
+8.4%
Total assets
4,897
4,547
4,219
+7.7%
10-K for the year ended 31 December 2015, filed 9 February 2016: the filing.