Federal Realty Investment Trust (FRT) FY2022 results: revenue $1.1 billion, up 12.9% on the year
Federal Realty Investment Trust (FRT) reported revenue of $1.1 billion for fiscal 2022, the year ended 31 December 2022, up 12.9% on the year before. Net income was $385 million, up 47.4%, and diluted earnings per share $4.71. The figures are the company's own, from the 10-K it filed with the SEC on 8 February 2023.
Revenue
$1.1 billion
+12.9% on the year
FY2015FY2022
Operating margin
49.0%
41.5% a year earlier
FY2015FY2022
Net income
$385 million
+47.4% on the year
FY2015FY2022
Diluted EPS
$4.71
+44.5% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ 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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
517
471
370
+9.6%
Cash from investing
-786
-660
-368
Cash from financing
190
-453
662
Depreciation and amortisation
302
280
255
+8.0%
Share-based compensation
13.7
13.0
11.9
+5.3%
Dividend per share
$4.30
$4.26
$4.22
+0.9%
Diluted shares, weighted
81m
77m
76m
+4.1%
Shares outstanding at period end
81m
79m
77m
+3.5%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
2,954
2,581
2,464
+14.5%
Non-controlling interest
80.0
82.5
84.6
-3.1%
Redeemable equity
178
214
138
-16.5%
Debt
4,344
4,063
4,309
+6.9%
Other liabilities
677
682
613
-0.7%
Total liabilities and equity
8,234
7,622
7,608
+8.0%
Cash and equivalents
85.6
162
798
-47.2%
Other assets
8,148
7,460
6,809
+9.2%
Total assets
8,234
7,622
7,608
+8.0%
10-K for the year ended 31 December 2022, filed 8 February 2023: the filing.