Federal Realty Investment Trust (Federal Realty Investment Trust) Interest Coverage

: 2.34 (As of Dec. 2023)

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Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Federal Realty Investment Trust's Operating Income for the three months ended in Dec. 2023 was $101 Mil. Federal Realty Investment Trust's Interest Expense for the three months ended in Dec. 2023 was $-43 Mil. Federal Realty Investment Trust's interest coverage for the quarter that ended in Dec. 2023 was 2.34. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Federal Realty Investment Trust's Interest Coverage or its related term are showing as below:

FRT' s Interest Coverage Range Over the Past 10 Years
Min: 1.82 Med: 3.03 Max: 3.38
Current: 2.36

FRT's Interest Coverage is ranked worse than
61.45% of 677 companies
in the REITs industry
Industry Median: 3.01 vs FRT: 2.36

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Federal Realty Investment Trust Interest Coverage Historical Data

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

* 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Federal Realty Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

3.23

1.82

2.39

2.65

2.36

Federal Realty Investment Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage																2.39	2.40	2.37	2.34	2.34

Competitive Comparison

For the REIT - Retail subindustry, Federal Realty Investment Trust's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage Distribution

For the REITs industry and Real Estate sector, Federal Realty Investment Trust's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Federal Realty Investment Trust's Interest Coverage falls into.

Federal Realty Investment Trust Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Federal Realty Investment Trust's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Federal Realty Investment Trust's Interest Expense was $-168 Mil. Its Operating Income was $397 Mil. And its Long-Term Debt & Capital Lease Obligation was $4,688 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	396.589	/	-167.809
	=	2.36

Federal Realty Investment Trust's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Federal Realty Investment Trust's Interest Expense was $-43 Mil. Its Operating Income was $101 Mil. And its Long-Term Debt & Capital Lease Obligation was $4,688 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	100.598	/	-42.974
	=	2.34

The higher the ratio, the stronger the company's Financial Strength is.

Federal Realty Investment Trust (NYSE:FRT) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Federal Realty Investment Trust Interest Coverage Related Terms

Thank you for viewing the detailed overview of Federal Realty Investment Trust's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Federal Realty Investment Trust (Federal Realty Investment Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Federal Realty Investment Trust (NYSE:FRT) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

FRTpC.PFD:USA

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 102 properties, which includes 25.8 million square feet of retail space and over 3,100 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.

Executives

Donald C Wood	director, officer: Chief Executive Officer	909 ROSE AVENUE - SUITE 200, NORTH BETHESDA MD 20852
Jeffrey S Berkes	officer: President and COO	1626 EAST JEFFERSON ST, ROCKVILLE MD 20852
Daniel Guglielmone	officer: EVP-CFO and Treasurer	909 ROSE AVENUE - SUITE 200, NORTH BETHESDA MD 20852
Thomas Mceachin	director	11621 RESEARCH CIRCLE, ALACHUA FL 32615
David W Faeder	director	909 ROSE AVENUE - SUITE 200, NORTH BETHESDA MD 20852
Dawn M Becker	officer: EVP-General Counsel &Secretary	909 ROSE AVENUE - SUITE 200, NORTH BETHESDA MD 20852
Gail P Steinel	director	909 ROSE AVENUE - SUITE 200, NORTH BETHESDA MD 20852
Elizabeth I Holland	director	909 ROSE AVENUE - SUITE 200, NORTH BETHESDA MD 20852
Jon E Bortz	director	4747 BETHESDA AVENUE, SUITE 1100, BETHESDA MD 20814
Mark S Ordan	director	7315 WISCONSIN AVENUE, SUITE #250 WEST, BETHESDA MD 20814
Joseph Vassalluzzo	director	909 ROSE AVENUE - SUITE 200, NORTH BETHESDA MD 20852
Nicole Lamb-hale	director	909 ROSE AVENUE, SUITE 200, NORTH BETHESDA MD 20852
Nader Anthony P Iii	director	6862 ELM STREET, SUITE 320, MCLEAN VA 22101
Melissa Solis	officer: VP-Chief Accounting Officer	1626 EAST JEFFERSON STREET, ROCKVILLE MD 20852
Kristin Gamble	director	1626 EAST JEFFERSON ST, ROCKVILLE MD 20852