vs
Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and Howard Hughes Holdings Inc. (HHH). Click either name above to swap in a different company.
Federal Realty Investment Trust is the larger business by last-quarter revenue ($336.0M vs $235.9M, roughly 1.4× Howard Hughes Holdings Inc.). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 3.4%, a 35.2% gap on every dollar of revenue. On growth, Howard Hughes Holdings Inc. posted the faster year-over-year revenue change (18.4% vs 8.7%). Over the past eight quarters, Federal Realty Investment Trust's revenue compounded faster (6.5% CAGR vs -13.8%).
Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida.
Howard Hughes Holdings Inc., formerly the Howard Hughes Corporation, is a real estate development and management company based in The Woodlands, Texas. It was formed in 2010 as a spin-off from General Growth Properties (GGP). Most of its holdings are focused on several master-planned communities. It took its name from the original Howard Hughes Corporation, which had developed the planned community of Summerlin, Nevada, and later became a subsidiary of GGP.
FRT vs HHH — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $336.0M | $235.9M |
| Net Profit | $129.7M | $8.1M |
| Gross Margin | — | — |
| Operating Margin | 53.8% | 121.6% |
| Net Margin | 38.6% | 3.4% |
| Revenue YoY | 8.7% | 18.4% |
| Net Profit YoY | 103.5% | -25.6% |
| EPS (diluted) | $1.49 | $0.14 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $336.0M | $235.9M | ||
| Q4 25 | $336.0M | $624.4M | ||
| Q3 25 | $322.3M | $390.2M | ||
| Q2 25 | $311.5M | $260.9M | ||
| Q1 25 | $309.2M | $199.3M | ||
| Q4 24 | $311.4M | $935.0M | ||
| Q3 24 | $303.6M | $327.1M | ||
| Q2 24 | $296.1M | $317.4M |
| Q1 26 | $129.7M | $8.1M | ||
| Q4 25 | $129.7M | $6.0M | ||
| Q3 25 | $61.6M | $119.5M | ||
| Q2 25 | $155.9M | $-12.1M | ||
| Q1 25 | $63.8M | $10.5M | ||
| Q4 24 | $65.5M | $156.3M | ||
| Q3 24 | $61.0M | $72.8M | ||
| Q2 24 | $112.0M | $21.1M |
| Q1 26 | 53.8% | 121.6% | ||
| Q4 25 | 53.8% | 4.2% | ||
| Q3 25 | 34.3% | 48.6% | ||
| Q2 25 | 65.1% | 26.0% | ||
| Q1 25 | 35.0% | 24.0% | ||
| Q4 24 | 35.1% | 33.5% | ||
| Q3 24 | 34.9% | 60.6% | ||
| Q2 24 | 53.0% | 20.4% |
| Q1 26 | 38.6% | 3.4% | ||
| Q4 25 | 38.6% | 1.0% | ||
| Q3 25 | 19.1% | 30.6% | ||
| Q2 25 | 50.0% | -4.7% | ||
| Q1 25 | 20.6% | 5.3% | ||
| Q4 24 | 21.0% | 16.7% | ||
| Q3 24 | 20.1% | 22.2% | ||
| Q2 24 | 37.8% | 6.6% |
| Q1 26 | $1.49 | $0.14 | ||
| Q4 25 | $1.49 | $0.20 | ||
| Q3 25 | $0.69 | $2.02 | ||
| Q2 25 | $1.78 | $-0.22 | ||
| Q1 25 | $0.72 | $0.21 | ||
| Q4 24 | $0.74 | $3.14 | ||
| Q3 24 | $0.70 | $1.46 | ||
| Q2 24 | $1.32 | $0.42 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $107.4M | $1.8B |
| Total DebtLower is stronger | $5.0B | — |
| Stockholders' EquityBook value | $3.2B | $3.8B |
| Total Assets | $9.1B | $11.2B |
| Debt / EquityLower = less leverage | 1.53× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $107.4M | $1.8B | ||
| Q4 25 | $107.4M | $1.5B | ||
| Q3 25 | $111.3M | $1.5B | ||
| Q2 25 | $177.0M | $1.4B | ||
| Q1 25 | $109.2M | $493.7M | ||
| Q4 24 | $123.4M | $596.1M | ||
| Q3 24 | $97.0M | $400.7M | ||
| Q2 24 | $103.2M | $436.8M |
| Q1 26 | $5.0B | — | ||
| Q4 25 | $5.0B | $5.1B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $4.5B | $5.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $3.2B | $3.8B | ||
| Q4 25 | $3.2B | $3.8B | ||
| Q3 25 | $3.2B | $3.8B | ||
| Q2 25 | $3.2B | $3.6B | ||
| Q1 25 | $3.2B | $2.8B | ||
| Q4 24 | $3.2B | $2.8B | ||
| Q3 24 | $3.1B | $2.6B | ||
| Q2 24 | $3.0B | $3.0B |
| Q1 26 | $9.1B | $11.2B | ||
| Q4 25 | $9.1B | $10.6B | ||
| Q3 25 | $8.9B | $10.7B | ||
| Q2 25 | $8.6B | $10.3B | ||
| Q1 25 | $8.6B | $9.3B | ||
| Q4 24 | $8.5B | $9.2B | ||
| Q3 24 | $8.5B | $9.4B | ||
| Q2 24 | $8.4B | $9.9B |
| Q1 26 | 1.53× | — | ||
| Q4 25 | 1.53× | 1.35× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.42× | 1.85× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FRT
Segment breakdown not available.
HHH
| Rental revenue | $113.5M | 48% |
| Master Planned Communities land sales | $99.6M | 42% |
| Other revenues | $11.0M | 5% |
| Builder price participation | $8.7M | 4% |
| Condominium rights and unit sales | $3.1M | 1% |
