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Federal Realty Investment Trust (FRT)
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Federal Realty Investment Trust (FRT) FCF Payout Ratio: 72.84%

Is Federal Realty Investment Trust’s FCF payout ratio high or low?

Federal Realty Investment Trust's FCF payout ratio of 72.84% is 60% below its 3-year average of 181.10%, near the low end of its 3-year range (72.84%–347.05%).

36.82% below its 12-month average of 115.29%.

FRT FCF Payout Ratio Chart

FRT FCF Payout Ratio
117.22%+3.41% 1Y
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FRT Average FCF Payout Ratio Chart

FRT Current vs Average FCF Payout Ratio Chart

FRT FCF Payout Ratio Metrics

FCF PAYOUT RATIO

72.84%

FCF PAYOUT RATIO AVG TTM

115.29%

FCF PAYOUT RATIO AVG 3Y

181.10%

FCF PAYOUT RATIO AVG 5Y

181.10%

FCF PAYOUT RATIO AVG 10Y

263.59%

FCF PAYOUT RATIO AVG 15Y

294.52%

FCF PAYOUT RATIO AVG 20Y

255.15%

CURRENT VS TTM AVG

-36.82%

CURRENT VS 3Y AVG

-59.78%

CURRENT VS 5Y AVG

-59.78%

CURRENT VS 10Y AVG

-72.37%

CURRENT VS 15Y AVG

-75.27%

CURRENT VS 20Y AVG

-71.45%

Payout Ratio Comparison

FCF Payout Ratio

72.8%

Earnings Payout Ratio

93.7%

Dividend Yield

3.60%

FCF Yield

4.90%

Annual FCF Payout Ratio History

YearFree Cash FlowDividends PaidFCF Payout Ratio
2025$331.04M$388.06M117.2%
2024$327.80M$371.59M113.4%
2023$244.71M$359.19M146.8%
2022$100.07M$347.28M347.0%
2021$30.84M$335.66Mn/m
2020($132.01M)$324.60MN/A (Loss)
2019$52.01M$313.65M603.1%
2018$148.43M$301.19M202.9%
2017($59.76M)$283.00MN/A (Loss)
2016($18.03M)$267.69MN/A (Loss)
2015$77.30M$243.31M314.8%
2014($14.83M)$215.22MN/A (Loss)
2013$24.36M$193.02M792.5%
2012$115.96M$179.88M155.1%
2011($1.31M)$169.25MN/A (Loss)
2010$110.51M$168.47M152.4%
2009$144.16M$162.32M112.6%
2008($9.33M)$146.42MN/A (Loss)
2007$144.72M$131.44M90.8%
2006($202.26M)$139.84MN/A (Loss)
2005$77.54M$130.50M168.3%
2004$59.42M$108.76M183.0%
2003$71.76M$104.80M146.0%
2002$119.07M$96.46M81.0%
2001($213.35M)$80.59MN/A (Loss)
2000($86.80M)$77.50MN/A (Loss)
1999($39.29M)$76.62MN/A (Loss)
1998($168.50M)$74.28MN/A (Loss)
1997($480.88M)$62.62MN/A (Loss)
1996($148.29M)$52.08MN/A (Loss)

Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100

FCF payout and earnings payout:

  • FCF represents operating cash flow after capital expenditures
  • FCF payout compares dividends paid with free cash flow
  • FCF payout above 100% means dividends paid exceeded free cash flow for the period
  • Earnings payout compares dividends paid with net income

Reading the series: Use the chart and table to compare dividend payments with cash generation over time.

Federal Realty Investment Trust FCF Payout Ratio Formula & Definition

FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Federal Realty Investment Trust FCF Payout Ratio FAQ

What is the FCF payout ratio for Federal Realty Investment Trust (FRT)?
The FCF payout ratio for FRT stock is 72.84%.
Is Federal Realty Investment Trust's FCF payout ratio high or low?
Federal Realty Investment Trust's FCF payout ratio of 72.84% is 60% below its 3-year average of 181.10%, near the low end of its 3-year range (72.84%–347.05%).
What is the TTM average FCF payout ratio for Federal Realty Investment Trust (FRT)?
The TTM average FCF payout ratio for FRT stock is 115.29%.
What is the 3Y average FCF payout ratio for Federal Realty Investment Trust (FRT)?
The 3Y average FCF payout ratio for FRT stock is 181.10%.
What is the 5Y average FCF payout ratio for Federal Realty Investment Trust (FRT)?
The 5Y average FCF payout ratio for FRT stock is 181.10%.
What is the 10Y average FCF payout ratio for Federal Realty Investment Trust (FRT)?
The 10Y average FCF payout ratio for FRT stock is 263.59%.
What is the 15Y average FCF payout ratio for Federal Realty Investment Trust (FRT)?
The 15Y average FCF payout ratio for FRT stock is 294.52%.
What is the 20Y average FCF payout ratio for Federal Realty Investment Trust (FRT)?
The 20Y average FCF payout ratio for FRT stock is 255.15%.

Federal Realty Investment Trust FCF Payout Ratio History

DATEFCF PAYOUT RATIO
2025-12-31117.22%
2024-12-31113.36%
2023-12-31146.78%
2022-12-31347.05%
2019-12-31603.07%
2018-12-31202.92%
2015-12-31314.76%
2013-12-31792.48%
2012-12-31155.12%
2010-12-31152.45%
2009-12-31112.60%
2007-12-3190.82%
2005-12-31168.30%
2004-12-31183.01%
2003-12-31146.04%
2002-12-3181.01%

About Federal Realty Investment Trust

Federal Realty Investment Trust (FRT) stands out as a premier entity specializing in the acquisition, management, and redevelopment of high-quality retail properties. These assets are strategically situated primarily in prominent coastal metropolitan areas, spanning the Eastern Seaboard from Washington D.C. to Boston, and extending to key West Coast cities such as San Francisco and Los Angeles. Established in 1962, Federal Realty's core objective is to generate enduring, consistent growth by concentrating investments in communities where consumer demand for retail offerings significantly surpasses existing supply. The company is particularly skilled at developing vibrant, integrated urban districts, exemplified by projects like Santana Row in San Jose, California; Pike & Rose in North Bethesda, Maryland; and Assembly Row in Somerville, Massachusetts. These dynamic, mixed-use environments seamlessly blend shopping, dining, residential, and commercial spaces, fostering cherished destination experiences for their local populations. FRT's extensive portfolio encompasses 106 properties, accommodating roughly 3,100 businesses across 25 million square feet of commercial space, alongside approximately 3,200 residential units. Demonstrating exceptional financial stability, Federal Realty boasts an unparalleled track record in the REIT sector, having increased its quarterly shareholder dividends for 54 consecutive years. As an S&P 500 index constituent, its shares are publicly traded on the NYSE under the ticker FRT.

North Bethesda, MD
304 employees
Real Estate / REIT - Retail
Sector
Real Estate
Industry
REIT - Retail
CEO
Donald C. Wood