FRT

NYSE

FEDERAL REALTY INVESTMENT TRUST

Real Estate, Retail REITs

$118.69

close 7 Aug 2026

+29.79%

52-week change

$10.25B

market cap

$90.03

$128.21

52-week range

Expected price

$142.76 – $174.49

Current price

$118.69

Signal

Could be undervalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)20.57x

P/S (TTM)7.82x

P/B3.10x

EV/EBITDA (TTM)9.84x

FCF yield (TTM)-0.51%

PEG (TTM, GAAP)—

Context

P/E, own 5-year average29.50x

P/E, sector median34.68x*

Price at 5-year median P/E$160.68*

Indicated dividend yield3.81%

Forward — analyst consensus

Forward P/E (FY2026)28.74x*

Forward P/E (FY2027)38.46x

Forward PEG—*

Consensus EPS FY2026 (5 analysts)$4.13

EPS growth (FY2026→FY2027)-25.29%

Revenue growth (FY2026)6.40%

Street view

Price target (mean)$132.26*

Target upside11.44%

Ratings (buy / hold / sell)12 / 7 / 0

FY2026 EPS revisions, 30d (up / down)2 / 0

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 31 Mar 2026, filed 1 May 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$118.69

Cash & equivalents$115.63M

Total debt$519.02M

Shares outstanding86.39M

Result

DCF price per share-$18.48

Current price$118.69

Margin of safety-115.57%

PV of years 1–10-$452.49M

PV of terminal value-$740.45M

Equity value-$1.60B

Market-implied growth—

The base free cash flow is not positive; growing a negative flow is rarely a meaningful valuation.

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	-$55.29M	-$58.06M	-$60.96M	-$64.01M	-$67.21M	-$70.57M	-$74.10M	-$77.80M	-$81.69M	-$85.78M	-$1.60B
PV	-$51.20M	-$49.78M	-$48.39M	-$47.05M	-$45.74M	-$44.47M	-$43.24M	-$42.03M	-$40.87M	-$39.73M	-$740.45M

period to 31 Mar 2026, filed 1 May 2026, close 7 Aug 2026