Federal Realty Investment Trust cash flow statement

In fiscal 2025, Federal Realty Investment Trust's operations generated $622m of cash; it spent $0 on capital projects, leaving free cash flow of $622m.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Federal Realty Investment Trust: cash flow statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Cash from operations	257	257	245	297	314	346	369	428	459	517	462	370	471	517	556	575	622	652
Depreciation and amortisation	114	119	126	142	161	171	175	194	216	244	240	255	280	302	322	343	368	397
Stock-based pay	6	6	8	9	10	12	11	10	11	12	12	12	13	14	14	16	15	15
Capital spending	26	39	51	51	47	46	46	58	77	66	83	0	0	0	0	0	0	0
Free cash flow	231	218	194	245	267	300	323	370	382	451	379	370	471	517	556	575	622	652
Free cash flow after stock pay	225	212	187	236	257	288	312	360	371	439	367	358	458	503	542	558	608	636
Shares issued	116	7	155	112	187	216	111	329	119	131	143	99	173	307	132	304	54	60

US$ millions unless shown otherwise. Fiscal quarters.

Federal Realty Investment Trust: cash flow statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Cash from operations	120	179	151	148	145	185	154	169
Depreciation and amortisation	87	87	89	94	97	99	101	100
Stock-based pay	5	4	4	3	4	4	4	4
Capital spending	0	0	0	0	0	0	0	0
Free cash flow	120	179	151	148	145	185	154	169
Free cash flow after stock pay	114	175	147	144	141	180	150	165
Shares issued	82	55	−0	−0	−0	−0	60	−0

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Federal Realty Investment Trust's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Federal Realty Investment Trust.