Question 1

What is Federal Realty Investment Trust's P/FCF ratio?

Accepted Answer

Federal Realty Investment Trust (FRT) P/FCF ratio is 20.5× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for Federal Realty Investment Trust?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings.

Question 5

Is Federal Realty Investment Trust's P/FCF ratio high or low?

Accepted Answer

Federal Realty Investment Trust's P/FCF ratio of 20.5× is below its own 5-year average of 85.4×. That places the current reading at the 15th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Federal Realty Investment Trust's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Federal Realty Investment Trust (FRT) P/FCF ratio has ranged from a low of 15.4× in 2025 to a high of 1778.4× in 2016. The 5-year average is 85.4× and the 5-year median is 33.5×.

Question 7

What was Federal Realty Investment Trust's P/FCF ratio in 2025?

Accepted Answer

Federal Realty Investment Trust (FRT) P/FCF ratio at the end of 2025 was 16.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does Federal Realty Investment Trust's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$8.67B	$528M	16.4×	-12.5×	Dec 31, 2025
2024	$9.48B	$328M	28.9×	-5.5×	Dec 31, 2024
2023	$8.41B	$245M	34.4×	-47.4×	Dec 31, 2023
2022	$8.18B	$100M	81.8×	-261.0×	Dec 31, 2022
2021	$10.6B	$30.8M	342.7×	—	Dec 31, 2021
2020	$6.42B	-$132M	—	—	Dec 31, 2020
2019	$9.69B	$52M	186.4×	+127.7×	Dec 31, 2019
2018	$8.71B	$148M	58.7×	—	Dec 31, 2018
2017	$9.63B	-$59.8M	—	—	Dec 31, 2017
2016	$10.2B	-$18M	—	—	Dec 31, 2016
2015	$10.1B	$77.3M	130.9×	—	Dec 31, 2015
2014	$9.08B	-$14.8M	—	—	Dec 31, 2014
2013	$6.69B	$24.4M	274.7×	+216.9×	Dec 31, 2013
2012	$6.7B	$116M	57.8×	—	Dec 31, 2012
2011	$5.74B	-$1.31M	—	—	Dec 31, 2011
2010	$4.77B	$111M	43.2×	+14.5×	Dec 31, 2010
2009	$4.13B	$144M	28.7×	—	Dec 31, 2009
2008	$3.65B	-$9.33M	—	—	Dec 31, 2008
2007	$4.64B	-$10.7M	—	—	Dec 31, 2007
2006	$4.68B	-$202M	—	—	Dec 31, 2006
2005	$3.19B	-$112M	—	—	Dec 31, 2005
2004	$2.68B	-$112M	—	—	Dec 31, 2004
2003	$1.88B	-$87M	—	—	Dec 31, 2003
2002	$1.21B	-$62.1M	—	—	Dec 31, 2002

P/FCF Ratio for Federal Realty Investment Trust (FRT) 2009-2026

P/FCF Ratio daily chart for Federal Realty Investment Trust (FRT)

Historical P/FCF Ratio for Federal Realty Investment Trust (FRT) from 2002 to 2025

About P/FCF Ratio at Federal Realty Investment Trust (FRT)

Federal Realty Investment Trust P/FCF Ratio by Year

Federal Realty Investment Trust P/FCF Ratio 2025: 16.4×

Federal Realty Investment Trust P/FCF Ratio 2024: 28.9×

Federal Realty Investment Trust P/FCF Ratio 2023: 34.4×

Federal Realty Investment Trust P/FCF Ratio 2022: 81.8×

Federal Realty Investment Trust P/FCF Ratio 2021: 342.7×

Frequently asked questions

Federal Realty Investment Trust (FRT) Key Financials