Federal Realty Investment Trust (FRT) FY2024 results: revenue $1.2 billion, up 6.2% on the year
Federal Realty Investment Trust (FRT) reported revenue of $1.2 billion for fiscal 2024, the year ended 31 December 2024, up 6.2% on the year before. Net income was $295 million, up 24.6%, and diluted earnings per share $3.42. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2025.
Revenue
$1.2 billion
+6.2% on the year
FY2017FY2024
Operating margin
39.3%
35.9% a year earlier
FY2017FY2024
Net income
$295 million
+24.6% on the year
FY2017FY2024
Diluted EPS
$3.42
+22.1% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
575
556
517
+3.4%
Cash from investing
-447
-358
-786
Cash from financing
-252
-33.8
190
Depreciation and amortisation
343
322
302
+6.5%
Share-based compensation
16.4
14.3
13.7
+14.3%
Dividend per share
$4.38
$4.34
$4.30
+0.9%
Diluted shares, weighted
84m
81m
81m
+2.8%
Shares outstanding at period end
86m
83m
81m
+3.5%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
3,172
2,964
2,954
+7.0%
Non-controlling interest
72.5
78.7
80.0
-7.8%
Redeemable equity
180
183
178
-1.7%
Debt
4,497
4,616
4,344
-2.6%
Other liabilities
604
595
677
+1.4%
Total liabilities and equity
8,525
8,437
8,234
+1.0%
Cash and equivalents
123
251
85.6
-50.8%
Other assets
8,401
8,186
8,148
+2.6%
Total assets
8,525
8,437
8,234
+1.0%
10-K for the year ended 31 December 2024, filed 13 February 2025: the filing.