
Federal Realty Investment Trust
NYSE:FRT

Income Statement
Earnings Waterfall
Federal Realty Investment Trust
Revenue
|
1.2B
USD
|
Cost of Revenue
|
-391.8m
USD
|
Gross Profit
|
810.7m
USD
|
Operating Expenses
|
-392.3m
USD
|
Operating Income
|
418.3m
USD
|
Other Expenses
|
-132.4m
USD
|
Net Income
|
285.9m
USD
|
Income Statement
Federal Realty Investment Trust
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
686
N/A
|
700
+2%
|
714
+2%
|
728
+2%
|
744
+2%
|
758
+2%
|
774
+2%
|
790
+2%
|
802
+1%
|
811
+1%
|
821
+1%
|
838
+2%
|
857
+2%
|
875
+2%
|
892
+2%
|
904
+1%
|
915
+1%
|
922
+1%
|
928
+1%
|
932
+0%
|
936
+0%
|
935
0%
|
881
-6%
|
855
-3%
|
836
-2%
|
822
-2%
|
878
+7%
|
917
+4%
|
951
+4%
|
990
+4%
|
1 022
+3%
|
1 049
+3%
|
1 074
+2%
|
1 091
+2%
|
1 107
+2%
|
1 121
+1%
|
1 132
+1%
|
1 150
+2%
|
1 166
+1%
|
1 183
+1%
|
1 202
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(212)
|
(218)
|
(221)
|
(225)
|
(233)
|
(237)
|
(244)
|
(252)
|
(254)
|
(254)
|
(258)
|
(263)
|
(273)
|
(280)
|
(284)
|
(287)
|
(288)
|
(287)
|
(285)
|
(297)
|
(299)
|
(300)
|
(301)
|
(290)
|
(290)
|
(296)
|
(301)
|
(307)
|
(317)
|
(325)
|
(335)
|
(348)
|
(357)
|
(358)
|
(363)
|
(363)
|
(363)
|
(371)
|
(377)
|
(386)
|
(392)
|
|
Gross Profit |
474
N/A
|
482
+2%
|
493
+2%
|
503
+2%
|
511
+1%
|
520
+2%
|
530
+2%
|
538
+2%
|
548
+2%
|
556
+2%
|
563
+1%
|
575
+2%
|
585
+2%
|
596
+2%
|
608
+2%
|
618
+2%
|
628
+2%
|
636
+1%
|
643
+1%
|
635
-1%
|
637
+0%
|
635
0%
|
580
-9%
|
566
-3%
|
545
-4%
|
527
-3%
|
577
+10%
|
609
+6%
|
635
+4%
|
665
+5%
|
687
+3%
|
701
+2%
|
718
+2%
|
733
+2%
|
744
+2%
|
757
+2%
|
769
+2%
|
779
+1%
|
789
+1%
|
797
+1%
|
811
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(203)
|
(213)
|
(205)
|
(208)
|
(210)
|
(215)
|
(221)
|
(225)
|
(227)
|
(231)
|
(235)
|
(242)
|
(252)
|
(259)
|
(264)
|
(268)
|
(278)
|
(281)
|
(285)
|
(287)
|
(283)
|
(169)
|
(288)
|
(292)
|
(297)
|
(298)
|
(306)
|
(314)
|
(330)
|
(340)
|
(347)
|
(355)
|
(355)
|
(362)
|
(365)
|
(370)
|
(372)
|
(377)
|
(383)
|
(386)
|
(392)
|
|
Selling, General & Administrative |
(32)
|
(34)
|
(35)
|
(36)
|
(36)
|
(35)
|
(35)
|
(33)
|
(33)
|
(34)
|
(33)
|
(34)
|
(36)
|
(36)
|
(36)
|
(34)
|
(34)
|
(35)
|
(38)
|
(42)
|
(43)
|
(44)
|
(42)
|
(40)
|
(42)
|
(42)
|
(45)
|
(48)
|
(50)
|
(52)
|
(53)
|
(54)
|
(53)
|
(53)
|
(51)
|
(51)
|
(51)
|
(50)
|
(50)
|
(48)
|
(50)
|
|
Depreciation & Amortization |
(171)
|
(169)
|
(171)
|
(172)
|
(175)
|
(181)
|
(186)
|
(192)
|
(194)
|
(197)
|
(201)
|
(208)
|
(216)
|
(223)
|
(229)
|
(234)
|
(244)
|
(246)
|
(247)
|
(245)
|
(240)
|
(242)
|
(246)
|
(252)
|
(255)
|
(257)
|
(262)
|
(267)
|
(280)
|
(288)
|
(295)
|
(301)
|
(302)
|
(309)
|
(314)
|
(319)
|
(322)
|
(327)
|
(333)
|
(338)
|
(343)
|
|
Other Operating Expenses |
0
|
(11)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
117
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
271
N/A
|
269
-1%
|
288
+7%
|
296
+3%
|
300
+1%
|
305
+2%
|
309
+1%
|
313
+1%
|
321
+2%
|
326
+1%
|
329
+1%
|
333
+1%
|
332
0%
|
337
+1%
|
344
+2%
|
350
+2%
|
350
N/A
|
355
+1%
|
358
+1%
|
348
-3%
|
355
+2%
|
466
+31%
|
292
-37%
|
274
-6%
|
249
-9%
|
228
-8%
|
271
+19%
|
295
+9%
|
305
+3%
|
326
+7%
|
340
+5%
|
346
+2%
|
363
+5%
|
371
+2%
|
379
+2%
|
387
+2%
|
397
+2%
|
403
+2%
|
406
+1%
|
411
+1%
|
418
+2%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(93)
|
(94)
|
(94)
|
(92)
|
(91)
|
(91)
|
(91)
|
(94)
|
(95)
|
(95)
|
(96)
|
(98)
|
(100)
|
(103)
|
(107)
|
(110)
|
(113)
|
(115)
|
(114)
|
(112)
|
(110)
|
(110)
|
(121)
|
(131)
|
(143)
|
(146)
|
(140)
|
(133)
|
(126)
|
(124)
|
(122)
|
(124)
|
(131)
|
(138)
|
(147)
|
(155)
|
(159)
|
(163)
|
(167)
|
(169)
|
(168)
|
|
Non-Reccuring Items |
(11)
|
0
|
(30)
|
(30)
|
(19)
|
(19)
|
0
|
0
|
0
|
0
|
0
|
0
|
(12)
|
(9)
|
(5)
|
(2)
|
0
|
7
|
19
|
31
|
116
|
0
|
112
|
40
|
30
|
47
|
36
|
93
|
90
|
73
|
73
|
173
|
164
|
166
|
166
|
66
|
10
|
8
|
60
|
60
|
54
|
|
Pre-Tax Income |
168
N/A
|
176
+5%
|
164
-6%
|
174
+6%
|
190
+9%
|
195
+3%
|
218
+12%
|
220
+1%
|
226
+3%
|
231
+2%
|
233
+1%
|
235
+1%
|
220
-6%
|
225
+2%
|
231
+3%
|
237
+3%
|
237
0%
|
246
+4%
|
264
+7%
|
267
+1%
|
361
+35%
|
355
-1%
|
283
-20%
|
183
-36%
|
136
-26%
|
129
-5%
|
166
+29%
|
255
+53%
|
269
+6%
|
274
+2%
|
290
+6%
|
395
+36%
|
396
+0%
|
399
+1%
|
397
0%
|
298
-25%
|
247
-17%
|
248
+0%
|
299
+21%
|
303
+1%
|
304
+0%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Income from Continuing Operations |
168
|
176
|
164
|
174
|
190
|
195
|
218
|
220
|
226
|
231
|
233
|
235
|
220
|
225
|
231
|
237
|
237
|
246
|
264
|
267
|
361
|
355
|
283
|
183
|
136
|
129
|
166
|
255
|
269
|
274
|
290
|
395
|
396
|
399
|
397
|
298
|
247
|
248
|
299
|
303
|
304
|
|
Income to Minority Interest |
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(9)
|
(9)
|
(8)
|
(9)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(5)
|
2
|
(4)
|
(4)
|
(6)
|
(13)
|
(8)
|
(9)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(9)
|
(10)
|
(9)
|
(9)
|
(9)
|
(9)
|
|
Net Income (Common) |
163
N/A
|
171
+5%
|
171
+0%
|
176
+3%
|
209
+19%
|
240
+15%
|
252
+5%
|
259
+3%
|
249
-4%
|
228
-8%
|
248
+9%
|
296
+19%
|
287
-3%
|
290
+1%
|
275
-5%
|
229
-17%
|
233
+2%
|
232
0%
|
249
+8%
|
252
+1%
|
345
+37%
|
339
-2%
|
269
-21%
|
175
-35%
|
123
-30%
|
116
-5%
|
152
+31%
|
232
+53%
|
252
+9%
|
256
+2%
|
272
+6%
|
376
+38%
|
376
+0%
|
380
+1%
|
378
0%
|
279
-26%
|
228
-18%
|
229
+1%
|
281
+22%
|
284
+1%
|
286
+1%
|
|
EPS (Diluted) |
2.39
N/A
|
2.48
+4%
|
2.48
N/A
|
2.54
+2%
|
3.02
+19%
|
3.39
+12%
|
3.55
+5%
|
3.61
+2%
|
3.5
-3%
|
3.16
-10%
|
3.44
+9%
|
4.09
+19%
|
3.96
-3%
|
3.96
N/A
|
3.76
-5%
|
3.12
-17%
|
3.17
+2%
|
3.1
-2%
|
3.34
+8%
|
3.36
+1%
|
4.61
+37%
|
4.52
-2%
|
3.58
-21%
|
2.33
-35%
|
1.62
-30%
|
1.52
-6%
|
1.95
+28%
|
2.99
+53%
|
3.26
+9%
|
3.26
N/A
|
3.23
-1%
|
4.6
+42%
|
4.67
+2%
|
4.67
N/A
|
4.64
-1%
|
3.43
-26%
|
2.8
-18%
|
2.75
-2%
|
3.35
+22%
|
3.38
+1%
|
3.42
+1%
|