Federal Realty Investment Trust (FRT) Operating Expenses (2009 - 2025)

Federal Realty Investment Trust's (FRT) quarterly Operating Expenses came in at $220.4 million in Q4 2025, up 8.1% year-on-year from $203.9 million in Q4 2024, and up 4.17% quarter-over-quarter from $211.6 million in Q3 2025.

Federal Realty Investment Trust (FRT) Operating Expenses (2009 - 2025) Analysis & Trends

Federal Realty Investment Trust has disclosed Operating Expenses across 17 years of filings, most recently posting $220.4 million for Q4 2025.

  • Operating Expenses for Q4 2025 came in at $220.4 million, up 8.1% year-over-year; the trailing twelve-month figure through Dec 2025 was $833.6 million (up 6.31% YoY), and the FY2025 annual result was $833.6 million, up 6.31% from the prior year.
  • Operating Expenses came in at $220.4 million for Q4 2025 at Federal Realty Investment Trust, up from $211.6 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $220.4 million in Q4 2025 to a low of $152.8 million in Q2 2021.
  • The 5-year median for Operating Expenses is $187.6 million (2022), against an average of $185.6 million.
  • Across the five-year window, Operating Expenses rose 16.24% in 2021 and gained 1.32% in 2023, its largest moves.
  • Federal Realty Investment Trust's Operating Expenses stood at $179.2 million in 2021, then climbed by 5.32% to $188.7 million in 2022, then grew by 1.32% to $191.2 million in 2023, then climbed by 6.63% to $203.9 million in 2024, then increased by 8.1% to $220.4 million in 2025.
  • The last three Operating Expenses figures came in at $220.4 million (Q4 2025), $211.6 million (Q3 2025), and $199.5 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Simon Property 67.46 Bn 67.84 Bn 1.76 Bn 900.79 Mn
2 Realty Income 55.47 Bn 56.16 Bn - 1.24 Bn
3 Kimco Realty 16.36 Bn 16.39 Bn 447.43 Mn 364.31 Mn
4 Regency Centers 14.49 Bn 14.61 Bn - 73.30 Mn
5 Federal Realty Investment Trust 10.47 Bn 10.54 Bn 265.49 Mn 220.41 Mn
6 Agree Realty 8.78 Bn 8.76 Bn - 104.48 Mn
7 Nnn Reit 8.52 Bn 8.52 Bn - 105.96 Mn
8 Essential Properties Realty Trust 6.32 Bn 6.32 Bn - 74.46 Mn
9 Kite Realty Group Trust 6.09 Bn 6.20 Bn - 28.87 Mn
10 Macerich 6.03 Bn 5.83 Bn 158.29 Mn 278.05 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 220.41 Mn
Sep 30, 2025 211.59 Mn
Jun 30, 2025 199.46 Mn
Mar 31, 2025 202.19 Mn
Dec 31, 2024 203.89 Mn
Sep 30, 2024 197.80 Mn
Jun 30, 2024 191.32 Mn
Mar 31, 2024 191.13 Mn
Dec 31, 2023 191.21 Mn
Sep 30, 2023 186.52 Mn
Jun 30, 2023 178.88 Mn
Mar 31, 2023 178.95 Mn
Dec 31, 2022 188.72 Mn
Sep 30, 2022 181.82 Mn
Jun 30, 2022 170.50 Mn
Mar 31, 2022 170.79 Mn
Dec 31, 2021 179.19 Mn
Sep 30, 2021 161.71 Mn
Jun 30, 2021 152.76 Mn
Mar 31, 2021 152.79 Mn