NAS10031,224+0.48%S&P7,819+0.58%GOLD$4,143−1.05%BTC$83,746−2.12%VIX15.63+4.13%live tape · as of 11:02 UTC
The Screen · Real Estate · REIT - Retail
Federal Realty Investment Trust
FRT · a US exchange · USD · Market cap $9.5B · 314 employees
Federal Realty Investment Trust is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets and select underserved regions with…
FAIL · Does not pass the screen
109.39 USD
Screen close, 2026-09-29 · not a live quote Last reviewed 8 days ago
Screened 2026-09-29 · the tape above runs as of 11:02 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed
PRICE · FAIR-VALUE RANGE1M3M6MYTD1Y3Y5Y
What this means: price 109.39 against the desk's fair-value range, base estimate 87.80, over the last year.
Positioning no disclosures inside 60 days, left as found
Options no verdict drawn today, left as found
Ethical does not pass the values gate
Price109.39 USD
Fair value87.80
Ethical score10.0/100
RatingAVOID
Our investment reviews on this name
2026-08-30Read Markdown117.54-6.9% to today ✓
2026-07-30Read Accumulation126.02-13.2% to today
2026-07-02Read Markup122.56-10.7% to today
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Federal Realty Investment Trust holds its Markdown at $109.39. The statistical read favours the buyers, held for 260 days.
As held on the ledger · 2026-09-29
Phase
Markdown · caution
Quantitative state
The statistical read favours the buyers, held for 260 days
Price at the screen
$109.39
Valuation
22.10 trailing · 34.29 forward price to earnings
Values screen
FAIL· score 10.0
Beta
0.92
The Workings
Five Screens, Shown in Full
Does not pass. Debt ratio
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
55.07%
Below 33%
Interest-bearing debt is 55.1% of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
0.35%
Below 33%
Cash held in interest-bearing accounts and securities is 0.3% of assets, under the one-third limit.
Pass
Receivables
3.91%
Below 49%
Money owed to the company is 3.9% of assets, under the 49% limit.
Pass
Revenue purity
0.25%
Below 5%
Only 0.2% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Falls Short, in Plain English
Federal Realty Investment Trust's business is in a permissible area, but its interest-bearing debt is about 55% of the company, well over the ~33% line, so it does not pass on the financial screens.
Read as at 2026-10-07. It updates when the underlying figures move, and past reads are kept below.
What the Numbers Say It Is Worth
The Fair Value Range
Our framework reads AVOID: it trades above our $87.80 fair value estimate, moderate competitive moat, 7.20% revenue growth.
Fair value range in USD, drawn from the 2026-09-29 screen. The gold marker is the market price at the same screen. The price runs 19.7% above the base estimate.
Third-party analyst targets: 19 covering, consensus Buy. The average target sits +22% from the screen price.
Reading the gap · Our more conservative model reads it as fully-to-richly valued here, while the Street is more bullish: a quality-at-a-fair-price name rather than a deep-value one.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-29 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Premium coastal retail sites hide heavy debt
Picture a shopper strolling a sunlit coastal plaza in Maryland. The stores look busy and the footfall steady, yet the balance sheet tells a different story. Federal Realty trades at 40.6 times forward earnings while our fair value sits 30 percent lower, and the firm already fails our ethical screen on its debt ratio.
The business shows 10 percent revenue growth and a 39 percent profit margin, with a moderate moat in strong locations. Still, those figures do not offset the stretched valuation or the leverage that triggered the ethical fail. Consensus analyst targets sit near 130 dollars, yet price alone does not make the case when debt levels breach our standards.
High payout ratios in retail property can look attractive until interest costs rise or consumer spending slows. The combination of expensive multiples and the debt breach leaves no room for comfort here. Analysis, not advice.
The risks · The main risks here are ordinary market swings and the chance our fair-value read proves too optimistic.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
FRT trades on a US exchange. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-10-02Markdown$109.39-6.9%Entry 6
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 6.9% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it A, carrying a low risk profile. Technically it is holding around 19% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 33%. Our forward projection puts the odds of a 10% gain over the next month near 13%. The street (19 analysts) rates it buy, with a mean price target of $122.
2026-08-30Markdown · changed$117.54-6.7%Entry 5
The framework has shifted from accumulation to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 6.7% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it A, carrying a low risk profile. Technically it is holding around 19% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 33%. Our forward projection puts the odds of a 10% gain over the next month near 13%. The street (19 analysts) rates it buy, with a mean price target of $122.
The framework has shifted from markup to accumulation since the last review. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 2.8% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it A, carrying a low risk profile. Technically it is holding around 19% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 33%. Our forward projection puts the odds of a 10% gain over the next month near 13%. The street (19 analysts) rates it buy, with a mean price target of $122.
2026-07-18Markup$122.56+0.0%Entry 3
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it A, carrying a low risk profile. Technically it is holding around 19% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 33%. Our forward projection puts the odds of a 10% gain over the next month near 13%. The street (19 analysts) rates it buy, with a mean price target of $122.
2026-07-03Markup$122.56+0.0%Entry 2
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns.
2026-07-02Markup$122.56Entry 1
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.