Q3 FY26 · Ended Sep 30, 2026 · View SEC filing
A departing tenant is a chance to reprice
New tenants pay far more than renewing ones, so turnover, not just occupancy, drives rent growth here.
For investorsWhat has to hold for rent growth to keep beating borrowing costs
For foundersPricing power from scarcity: what a landlord's vacancy reset teaches
Depreciation nearly matches operating income, so reported profit sits well below the cash the rents generate.
Interest took 42.6% of operating income, down from 43.0%, but refinancing older, cheaper debt could reverse that.
The filing credits dense, high-demand locations for high occupancy and rising rents, and occupancy held level on the year.
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Business Lens describes Federal Realty Investment Trust from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
