Filing Flows › Federal Realty Investment Trust (FRT) › Q4 2024
Federal Realty Investment Trust (FRT) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 13, 2025
Federal Realty Investment Trust (FRT) reported revenue of $311M for the fourth quarter 2024 (Q4 2024), +7% from a year earlier and +3% from the quarter before. Operating margin was 35.1%, net earnings $65.5M (21.0% of revenue).
Federal Realty Investment Trust, Q4 2024: revenue $311M (+7% year over year), operating margin 35.1%, net earnings $65.5M, operating cash flow $120M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $311M | +3% | +7% |
| Operating profit | $109M | +3% | +0.5% |
| Net earnings | $65.5M | +8% | +2% |
| Operating cash flow | $120M | -17% | +6% |
| Free cash flow | $84.4M | — | +38% |
What changed
Revenue was $311.4M in Q4 2024, up 7% year over year and up 3% from the previous quarter.
Operating profit was $109.3M, a 35.1% margin (down 2.2 points year over year). Of the extra revenue versus a year earlier, 3% reached operating profit, below the 37% margin then. Total costs grew 10% against revenue growth of 7%. The fastest-growing cost line was General & admin (+13%). Net earnings were $65.5M, up 2% year over year. The effective tax rate was 0.0%.
Operating cash flow was $119.6M (up 6% year over year), 175% of net income including minority interests. Non-cash charges added back $87.1M of depreciation and amortization and $5.2M of share-based compensation. Working capital and other items used $40.9M. Capital expenditures of $35.2M left free cash flow of $84.4M.
Questions
What was Federal Realty Investment Trust's revenue in the fourth quarter 2024?
Federal Realty Investment Trust (FRT) reported revenue of $311M for the fourth quarter 2024 (Q4 2024), +7% from a year earlier and +3% from the quarter before.
Was Federal Realty Investment Trust profitable in the fourth quarter 2024?
Operating profit was $109M (35.1% of revenue) and net earnings $65.5M.