Federal Realty Investment Trust (Federal Realty Investment Trust) Operating Margin %

: 34.47% (As of Dec. 2023)

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Operating Margin % is calculated as Operating Income divided by its Revenue. Federal Realty Investment Trust's Operating Income for the three months ended in Dec. 2023 was $101 Mil. Federal Realty Investment Trust's Revenue for the three months ended in Dec. 2023 was $292 Mil. Therefore, Federal Realty Investment Trust's Operating Margin % for the quarter that ended in Dec. 2023 was 34.47%.

Warning Sign:

Federal Realty Investment Trust operating margin has been in a 5-year decline. The average rate of decline per year is -2%.

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

FRT' s Operating Margin % Range Over the Past 10 Years
Min: 29.76 Med: 38.04 Max: 40.34
Current: 35.03

FRT's Operating Margin % is ranked worse than
69.5% of 695 companies
in the REITs industry
Industry Median: 51.83 vs FRT: 35.03

Federal Realty Investment Trust's 5-Year Average Operating Margin % Growth Rate was -2.00% per year.

Federal Realty Investment Trust's Operating Income for the three months ended in Dec. 2023 was $101 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $397 Mil.

Federal Realty Investment Trust Operating Margin % Historical Data

The historical data trend for Federal Realty Investment Trust's Operating Margin % 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.

* Premium members only.

Federal Realty Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Operating Margin %

37.88

29.76

32.04

33.75

35.03

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
Operating Margin %																32.61	34.46	36.27	34.92	34.47

Competitive Comparison

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

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

* The bar in red indicates where Federal Realty Investment Trust's Operating Margin % falls into.

Federal Realty Investment Trust Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Federal Realty Investment Trust's Operating Margin % for the fiscal year that ended in Dec. 2023 is calculated as

Operating Margin %	=	Operating Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	396.589	/	1132.154
	=	35.03 %

Federal Realty Investment Trust's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as

Operating Margin %	=	Operating Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	100.598	/	291.812
	=	34.47 %

Federal Realty Investment Trust (NYSE:FRT) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.

Be Aware

Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Federal Realty Investment Trust Operating Margin % Related Terms

Thank you for viewing the detailed overview of Federal Realty Investment Trust's Operating Margin % 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 » Operating Margin %

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