FEDERAL REALTY INVESTMENT TRUST FY 2025 10-K, explained in plain English
Key financials — as reported
| Total revenue | $1.3B |
| Gross margin | — not reported |
| Operating income | $602.2M |
| Net income | $411.1M |
| Diluted EPS | $4.68 |
| Cash & equivalents | $107.4M |
| Total assets | $9.1B |
| Long-term debt | $5.0B |
Key takeaway
Revenue and operating income both grew meaningfully in 2025, with property operating income up 6.1% on comparable and acquired properties.
🔒 4 more takeaways in the full analysis
Beneath the surface
Net income growth is partly a one-off effect: gains on real estate sales nearly tripled to $150.1 million and a $14.2 million new market tax credit benefit from a program concluding in 2025 together account for a large share of the $115.9 million year-over-year net income increase.
🔒 3 more insights a headline reader would miss
This is the free preview. The full analysis explains every line item above and includes 7 more findings — plus insider trades, activist stakes, and 8-K events for FRT.
Read the full analysis free Free account · 5 full analyses included · no card required