Short answer
Federal Realty Investment Trust (FRT) filed its Q3 2025 10-Q quarterly report on Oct 31, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $322M (up 6.1% year over year) with net income of $62M.
Q3 2025 key financials · XBRL
- Revenue
- $322M
- +6.1% YoY · +3.4% QoQ
- Net income
- $62M
- +1.1% YoY · −60.5% QoQ
- Operating margin
- 34.3%
- EPS (diluted)
- $0.69
- −1.4% YoY · −61.5% QoQ
Source: XBRL data from the Federal Realty Investment Trust (FRT) Q3 2025 10-Q on SEC EDGAR. USD.
Federal Realty Investment Trust Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $322.3M, up 6.1% YoY from $303.6M; 9-month revenue $942.9M, up 5.8% YoY from $891.0M
- Operating income margin ~34.3% (110.7M/322.3M) vs ~34.9% (105.8M/303.6M) in Q3; 9-month operating income $421.5M, up 16.1% YoY
- Best segment: acquisitions +$11.7M rental income increase Q3; worst impact: property dispositions with -$4.1M rental income Q3
- Cash and equivalents $111.3M; operating cash flow increased by $22.6M to $477.5M (9 months); investing cash outflow increased $98.1M mainly from acquisitions
- Outlook: elevated inflation and interest rates pressure costs and tenant risks; development projects ongoing ($285M remaining); maintaining conservative capital structure with access to $750M equity program and $1.25B credit facility
Risk Factors
- Market risk: retail tenant demand impacted by macroeconomic conditions and e-commerce trends carried forward from 10-K
- Operational risk: property development and redevelopment delays affecting cash flow continuity carried forward from 10-K
- Financial risk: debt maturity profile with $400 million due in next 24 months carried forward from 10-K
- Regulatory risk: compliance with local zoning and environmental laws affecting property operations carried forward from 10-K
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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