Federal Realty Investment Trust (FRA:QM1) EBIT: €610 Mil (TTM As of Mar. 2026)

Author:

Vera Yuan

Director of Data and Quant Analytics at GuruFocus

Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.

View Profile →

Reviewed by:

Charlie Tian

Founder & CEO of GuruFocus

Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

View Profile →

Federal Realty Investment Trust FRA:QM1

81 GF Score

Price €106.00

GF Value €95.95

Valuation Fairly Valued

11 Warning Signs

View Full Analysis

What is Federal Realty Investment Trust EBIT?

Federal Realty Investment Trust FRA:QM1 +0.95% 81 EBIT is €610 Mil as of Mar. 2026. GuruFocus rates FRA:QM1 with a GF Score™ of 81/100 and a GF Value™ of €95.95 (Fairly Valued). The stock has 11 warning signs investors should review.

Federal Realty Investment Trust's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €182 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €610 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Federal Realty Investment Trust's annualized ROC % for the quarter that ended in Mar. 2026 was 5.35%. Federal Realty Investment Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 950.09%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Federal Realty Investment Trust's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 4.43%.

Federal Realty Investment Trust (FRA:QM1) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Federal Realty Investment Trust's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

	ROC % (Q: Mar. 2026 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2025 )	+	Invested Capital (Q: Mar. 2026 ))	/ count )
=	402.308 * ( 1 - 0% )	/	( (7484.626	+	7552.928)	/ 2 )
=	402.308	/	7518.777
=	5.35 %

where

	Invested Capital		(Q: Dec. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	7797.413	-	299.769	-	( 91.732	-	max(0, 299.769	-	312.787	+	91.732	))
=	7484.626

	Invested Capital		(Q: Mar. 2026 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	7868.706	-	306.731	-	( 100.023	-	max(0, 306.731	-	315.778	+	100.023	))
=	7552.928

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Federal Realty Investment Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2026 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2025		Q: Mar. 2026
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	727.244	/	( ( (76.459 + max(-86.477, 0))	+	(76.63 + max(-90.976, 0)) )	/	2 )
=	727.244	/	( ( 76.459	+	76.63 )	/	2 )
=	727.244	/	76.5445
=	950.09 %

where Working Capital is:

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(213.291	+	0	+	0.00099999999997635)	-	(299.769	+	0	+	0)
=	-86.477

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(215.755	+	0	+	0)	-	(306.731	+	0	+	0)
=	-90.976

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Federal Realty Investment Trust's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2026 )
	=	609.717	/	13767.124
	=	4.43 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Federal Realty Investment Trust EBIT Related Terms

Federal Realty Investment Trust EBIT Historical Data

* Premium members only.

The historical data trend for Federal Realty Investment Trust's EBIT can be seen below:

Federal Realty Investment Trust EBIT Chart

Federal Realty Investment Trust Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBIT

Get a 7-Day Free Trial

351.15

502.82

380.58

458.22

518.60

Federal Realty Investment Trust Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
EBIT	Get a 7-Day Free Trial															100.87	177.35	95.53	155.03	181.81

FRA:QM1 vs BRX, ADC, NNN: EBIT Comparison

For the REIT - Retail subindustry, Federal Realty Investment Trust's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Federal Realty Investment Trust EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, Federal Realty Investment Trust's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Federal Realty Investment Trust's EV-to-EBIT falls into.

Save Embed

81GF Score

Federal Realty Investment Trust FRA:QM1

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

Federal Realty Investment Trust EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €610 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of €610 Mil mean?

Federal Realty Investment Trust (FRA:QM1) has a EBIT of €610 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Federal Realty Investment Trust.

Is Federal Realty Investment Trust's EBIT too high?

Federal Realty Investment Trust's current EBIT is €610 Mil. Overall, Federal Realty Investment Trust has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Federal Realty Investment Trust's EBIT compare to BRX and ADC?

Federal Realty Investment Trust's EBIT of €610 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good EBIT for a REITs company?

A good EBIT depends on the REITs industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Federal Realty Investment Trust. Federal Realty Investment Trust's current EBIT is €610 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Federal Realty Investment Trust stock overvalued right now?

Based on GuruFocus' analysis, Federal Realty Investment Trust (FRA:QM1) is currently considered Fairly Valued. The stock's GF Value™ is €95.95, compared to a current price of €106.00 — trading 10.5% above its estimated fair value. The current EBIT is €610 Mil. Federal Realty Investment Trust's overall GF Score™ is 81/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is EBIT calculated?

EBIT is calculated from a company's financial statements. For Federal Realty Investment Trust (FRA:QM1), the current EBIT is €610 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Federal Realty Investment Trust (FRA:QM1) Overvalued in 2026?

Based on GuruFocus' analysis, Federal Realty Investment Trust stock appears to be overvalued. The current stock price of €106.00 is trading 10.5% above its estimated GF Value™ of €95.95. GuruFocus considers Federal Realty Investment Trust to be Fairly Valued.

Key valuation signals for FRA:QM1:

EBIT: €610 Mil
GF Value™: €95.95 vs. price of €106.00 (10.5% above fair value)
GF Score™: 81/100 with 11 warning signs

No single metric tells the full story. See the FRA:QM1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Federal Realty Investment Trust Business Description

Industry Real Estate REITs

Comparable Companies BRX ADC NNN MAC REG EPRT KRG PECO SKT KIM SPG O XPAR:URW SGX:C38U ASX:SCG XPAR:LI HKSE:00823 ASX:VCX TSX:CHP.UN TSE:8953

Other Exchanges FRTpC.PFD:USA FRT:USA 0IL1:UK

Address 909 Rose Avenue, Suite 200, North Bethesda, MD, USA, 20852

Website https://www.federalrealty.com

Federal Realty Investment Trust is a shopping center-focused retail real estate investment trust that owns high-quality properties in eight of the largest metropolitan markets. Its portfolio includes an interest in 104 properties, which includes 28.8 million square feet of retail space and 2,700 multifamily units. Federal's retail portfolio includes grocery-anchored centers, superregional centers, power centers, and mixed-use urban centers. Federal Realty has focused on owning assets in highly desirable areas with significant growth, and as a result, the average population density and average median household income are higher for its portfolio than for any other retail REIT.

81GF Score

Get the complete analysis for FRA:QM1

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€106.00

Price

€95.95

GF Value

View FRA:QM1 Analysis

See EBIT data for all stocks →