Start with its own history
At 22.97×, FRT is 33.5% below its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · FRTREIT - RetailUpdated Nov 5, 2026
Federal Realty Investment Trust P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
22.97×
33.5% belowthe 10-year annual average
Share price114.63
÷Earnings per share4.99
Price and EPS in quote currency. Calculation details
Investors are paying 22.97 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 34.54×
3-year average30.19×3 positive annual observations
5-year average30.77×5 positive annual observations
10-year average34.54×10 positive annual observations
Peer median · TTM29.79×8 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2025 | 21.04× | -35.7% |
| Dec 31, 2024 | 32.73× | -11.1% |
| Dec 31, 2023 | 36.80× | +71.6% |
| Dec 31, 2022 | 21.45× | -48.7% |
| Dec 31, 2021 | 41.82× | -20.4% |
| Dec 31, 2020 | 52.54× | +88.2% |
| Dec 31, 2019 | 27.92× | -24.8% |
| Dec 31, 2018 | 37.12× | +11.0% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2017 | 33.45× | -17.4% |
| Dec 31, 2016 | 40.49× | -15.8% |
| Dec 31, 2015 | 48.06× | -12.9% |
| Dec 31, 2014 | 55.15× | +34.3% |
| Dec 31, 2013 | 41.06× | -6.9% |
| Dec 31, 2012 | 44.08× | +11.2% |
| Dec 31, 2011 | 39.63× | +1.2% |
| Dec 31, 2010 | 39.16× | -5.7% |
| Dec 31, 2009 | 41.55× | +47.2% |
| Dec 31, 2008 | 28.22× | +19.5% |
| Dec 31, 2007 | 23.61× | -46.1% |
| Dec 31, 2006 | 43.81× | +41.6% |
| Dec 31, 2005 | 30.94× | -14.9% |
| Dec 31, 2004 | 36.37× | +51.6% |
| Dec 31, 2003 | 23.99× | -26.6% |
| Dec 31, 2002 | 32.70× | +55.0% |
| Dec 31, 2001 | 21.10× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How FRT compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 FRT This stockFederal Realty Investment Trust | 22.97× |
 ADCAgree Realty Corporation | 36.06× |
 REGRegency Centers Corporation | 21.77× |
 NTSTNETSTREIT Corp. | 86.58× |
 KIMKimco Realty Corporation | 23.53× |
 NNNNNN REIT, Inc. | 19.73× |
 AKRAcadia Realty Trust | 71.55× |
 ORealty Income Corporation | 40.84× |
 WSRWhitestone REIT | 19.17× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does FRT’s P/E tell you?
Compare like with like
The median of the 8 positive peer ratios above is 29.79×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take FRT into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("FRT", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 114.63 ÷ EPS 4.99 = 22.97×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 5, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
FRT P/E ratio: common questions
The essentials behind the numbers.
Federal Realty Investment Trust's current P/E is 22.97× based on the quote data last updated Nov 5, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.