Filing Flows › Federal Realty Investment Trust (FRT) › Q1 2026
Federal Realty Investment Trust (FRT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 1, 2026
Federal Realty Investment Trust (FRT) reported revenue of $341M for the first quarter 2026 (Q1 2026), +10% from a year earlier and +1% from the quarter before. Operating margin was 61.3%, net earnings $159M (46.6% of revenue).
Federal Realty Investment Trust, Q1 2026: revenue $341M (+10% year over year), operating margin 61.3%, net earnings $159M, operating cash flow $185M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $341M | +1% | +10% |
| Operating profit | $209M | +16% | +93% |
| Net earnings | $159M | +23% | +149% |
| Operating cash flow | $185M | +27% | +3% |
| Free cash flow | $146M | — | -1% |
What changed
Revenue was $341.1M in Q1 2026, up 10% year over year and up 1% from the previous quarter.
Operating profit was $209.0M, a 61.3% margin (up 26.3 points year over year). Of the extra revenue versus Q1 2025, 316% reached operating profit, above the 35% margin then. Total costs fell 34% while revenue rose 10%. Net earnings were $159.1M, up 149% year over year. The effective tax rate was 0.0%.
Operating cash flow was $184.6M (up 3% year over year), 115% of net earnings. Non-cash charges added back $99.2M of depreciation and amortization and $4.3M of share-based compensation. Working capital and other items used $80.0M. Capital expenditures of $39.0M left free cash flow of $145.6M.
Questions
What was Federal Realty Investment Trust's revenue in the first quarter 2026?
Federal Realty Investment Trust (FRT) reported revenue of $341M for the first quarter 2026 (Q1 2026), +10% from a year earlier and +1% from the quarter before.
Was Federal Realty Investment Trust profitable in the first quarter 2026?
Operating profit was $209M (61.3% of revenue) and net earnings $159M.