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FEDERAL REALTY INVESTMENT TRUST (FRT)

Income Statement Business | Product

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Rental income     912.3854.3786.6727.8666.3
    Other     3.13.115.016.219.8
Revenues   [+]951.2835.5935.8915.4857.3801.6744.0686.1
            Revenue growth   [+]13.9%-10.7%2.2%6.8%7.0%7.7%8.4%7.6%
Cost of goods sold   [+]537.3476.2510.8473.6283.5266.2243.6222.5
Gross profit  413.9359.3425.0441.8573.9535.4500.4463.6
            Gross margin  43.5%43.0%45.4%48.3%66.9%66.8%67.3%67.6%
Selling, general and administrative   [+]49.941.742.833.636.333.435.632.3
Equity in earnings  1.2-8.1-2.0-3.4-0.40.11.41.2
Other operating expenses  -310.6-226.9-328.5-197.7-88.6-12.5-10.2-10.5
EBITDA   [+]675.9536.5708.7602.5625.8514.6476.4443.1
            EBITDA margin  71.1%64.2%75.7%65.8%73.0%64.2%64.0%64.6%
Depreciation and amortization  280.0255.0239.8244.2216.1193.6174.8170.8
EBIT   [+]396.0281.5468.9358.2409.8321.0301.6272.3
            EBIT margin  41.6%33.7%50.1%39.1%47.8%40.1%40.5%39.7%
Interest expense, net   [+]126.9134.4108.4109.299.794.692.493.8
Other income (expense), net   [+] -11.2  -12.3 -19.1-10.5
Pre-tax income  269.1135.9360.5249.0297.9226.4190.1167.9
Income taxes  7.64.26.77.18.0-23.5-20.13.4
            Tax rate  2.8%3.1%1.9%2.9%2.7%  2.0%
Minority interest  7.64.26.77.18.09.08.27.8
Net income  253.5123.7345.8233.9287.5249.4209.7164.0
            Net margin  26.6%14.8%37.0%25.5%33.5%31.1%28.2%23.9%
   
Basic EPS   [+]$3.28$1.64$4.63$3.19$3.99$3.52$3.05$2.44
Diluted EPS   [+]$1.09$1.64$4.63$3.19$3.98$3.51$3.04$2.43
   
Dividends per share   [+]$4.25$4.21$4.11$4.02$3.94$3.80$3.55 
   
Shares outstanding (basic)   [+]77.375.574.873.372.170.968.867.3
Shares outstanding (diluted)   [+]232.175.574.873.372.271.069.067.5
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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