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| Date | Value |
|---|---|
| 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 |