Filing Flows › Federal Realty Investment Trust (FRT) › Q1 2025
Federal Realty Investment Trust (FRT) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Federal Realty Investment Trust (FRT) reported revenue of $309M for the first quarter 2025 (Q1 2025), +6% from a year earlier and -0.7% from the quarter before. Operating margin was 35.0%, net earnings $63.8M (20.6% of revenue).
Federal Realty Investment Trust, Q1 2025: revenue $309M (+6% year over year), operating margin 35.0%, net earnings $63.8M, operating cash flow $179M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $309M | -0.7% | +6% |
| Operating profit | $108M | -1% | +8% |
| Net earnings | $63.8M | -3% | +12% |
| Operating cash flow | $179M | +50% | +27% |
| Free cash flow | $148M | — | +41% |
What changed
Revenue was $309.2M in Q1 2025, up 6% year over year and down 1% from the previous quarter.
Operating profit was $108.1M, a 35.0% margin (up 0.6 points year over year). Of the extra revenue versus a year earlier, 45% reached operating profit, above the 34% margin then. Total costs grew 5% against revenue growth of 6%. Net earnings were $63.8M, up 12% year over year. The effective tax rate was 0.0%.
Operating cash flow was $179.0M (up 27% year over year), 269% of net income including minority interests. Non-cash charges added back $86.9M of depreciation and amortization and $3.9M of share-based compensation. Working capital and other items added $21.6M. Capital expenditures of $31.2M left free cash flow of $147.8M.
Questions
What was Federal Realty Investment Trust's revenue in the first quarter 2025?
Federal Realty Investment Trust (FRT) reported revenue of $309M for the first quarter 2025 (Q1 2025), +6% from a year earlier and -0.7% from the quarter before.
Was Federal Realty Investment Trust profitable in the first quarter 2025?
Operating profit was $108M (35.0% of revenue) and net earnings $63.8M.