Question 1

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

Accepted Answer

Federal Realty Investment Trust (FRT) P/FCF ratio is 20.1× as of June 5, 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. For Federal Realty Investment Trust specifically, the relevant sector benchmark is the current sector median of 17.0×.

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 20.1× is below its own 5-year average of 85.4× and above the sector median of 17.0×. That places the current reading at the 14th 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	$528.25M	16.4×	-12.5×	Dec 31, 2025
2024	$9.48B	$328.49M	28.9×	-5.5×	Dec 31, 2024
2023	$8.41B	$244.71M	34.4×	-47.4×	Dec 31, 2023
2022	$8.18B	$100.07M	81.8×	-261.0×	Dec 31, 2022
2021	$10.57B	$30.84M	342.7×	—	Dec 31, 2021
2020	$6.42B	−$132.01M	—	—	Dec 31, 2020
2019	$9.69B	$52.01M	186.4×	+127.7×	Dec 31, 2019
2018	$8.71B	$148.43M	58.7×	—	Dec 31, 2018
2017	$9.63B	−$59.76M	—	—	Dec 31, 2017
2016	$10.18B	−$18.03M	—	—	Dec 31, 2016
2015	$10.12B	$77.30M	130.9×	—	Dec 31, 2015
2014	$9.08B	−$14.83M	—	—	Dec 31, 2014
2013	$6.69B	$24.36M	274.7×	+216.9×	Dec 31, 2013
2012	$6.70B	$115.96M	57.8×	—	Dec 31, 2012
2011	$5.74B	−$1.31M	—	—	Dec 31, 2011
2010	$4.77B	$110.51M	43.2×	+14.5×	Dec 31, 2010
2009	$4.13B	$144.16M	28.7×	—	Dec 31, 2009
2008	$3.65B	−$9.33M	—	—	Dec 31, 2008
2007	$4.64B	−$10.75M	—	—	Dec 31, 2007
2006	$4.67B	−$202.26M	—	—	Dec 31, 2006
2005	$3.19B	−$111.89M	—	—	Dec 31, 2005
2004	$2.68B	−$111.96M	—	—	Dec 31, 2004
2003	$1.88B	−$86.96M	—	—	Dec 31, 2003
2002	$1.21B	−$62.10M	—	—	Dec 31, 2002
2001	$907.88M	−$213.35M	—	—	Dec 31, 2001


Kimco Realty (KIM)	19.3×
Simon Property Group (SPG)	18.5×
SBA Communications (SBAC)	17.9×
BXP (BXP)	17.7×
Equity Residential (EQR)	17.6×
STAG Industrial (STAG)	17.2×
Tanger (SKT)	17.0×
Essex Property Trust (ESS)	16.2×
Extra Space Storage (EXR)	15.8×
Public Storage (PSA)	15.5×
AvalonBay Communities (AVB)	15.2×
Camden Property Trust (CPT)	14.3×
Realty Income (O)	13.6×
Invitation Homes (INVH)	13.3×
Crown Castle (CCI)	13.0×
Medical Properties Trust (MPT)	12.8×
Host Hotels & Resorts (HST)	12.7×
UDR (UDR)	12.4×
NNN REIT (NNN)	12.2×
VICI Properties (VICI)	11.4×
Universal Health Realty Income Trust (UHT)	11.3×
Healthpeak Properties (DOC)	9.7×
Arbor Realty Trust (ABR)	7.6×
Alexandria Real Estate Equities (ARE)	6.2×
Opendoor Technologies (OPEN)	4.2×

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

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

Historical P/FCF Ratio for Federal Realty Investment Trust (FRT) from 2001 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×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Federal Realty Investment Trust (FRT) Key Financials

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

Historical P/FCF Ratio for Federal Realty Investment Trust (FRT) from 2001 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×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

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

+How is the P/FCF ratio calculated?

+What is the P/FCF ratio?

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

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

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

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

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

Federal Realty Investment Trust (FRT) Key Financials