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Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and POTLATCHDELTIC CORP (PCH). 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 $314.2M, roughly 1.1× POTLATCHDELTIC CORP). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 8.2%, a 30.4% gap on every dollar of revenue. On growth, POTLATCHDELTIC CORP posted the faster year-over-year revenue change (23.1% vs 8.7%). Over the past eight quarters, POTLATCHDELTIC CORP's revenue compounded faster (11.1% CAGR vs 6.5%).

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.

PotlatchDeltic Corporation is an American diversified forest products company based in Spokane, Washington.

FRT vs PCH — Head-to-Head

Bigger by revenue
FRT
FRT
1.1× larger
FRT
$336.0M
$314.2M
PCH
Growing faster (revenue YoY)
PCH
PCH
+14.4% gap
PCH
23.1%
8.7%
FRT
Higher net margin
FRT
FRT
30.4% more per $
FRT
38.6%
8.2%
PCH
Faster 2-yr revenue CAGR
PCH
PCH
Annualised
PCH
11.1%
6.5%
FRT

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
FRT
FRT
PCH
PCH
Revenue
$336.0M
$314.2M
Net Profit
$129.7M
$25.9M
Gross Margin
18.2%
Operating Margin
53.8%
11.2%
Net Margin
38.6%
8.2%
Revenue YoY
8.7%
23.1%
Net Profit YoY
103.5%
682.5%
EPS (diluted)
$1.49
$0.33

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.

Revenue
FRT
FRT
PCH
PCH
Q1 26
$336.0M
Q4 25
$336.0M
Q3 25
$322.3M
$314.2M
Q2 25
$311.5M
$275.0M
Q1 25
$309.2M
$268.3M
Q4 24
$311.4M
$258.1M
Q3 24
$303.6M
$255.1M
Q2 24
$296.1M
$320.7M
Net Profit
FRT
FRT
PCH
PCH
Q1 26
$129.7M
Q4 25
$129.7M
Q3 25
$61.6M
$25.9M
Q2 25
$155.9M
$7.4M
Q1 25
$63.8M
$25.8M
Q4 24
$65.5M
$5.2M
Q3 24
$61.0M
$3.3M
Q2 24
$112.0M
$13.7M
Gross Margin
FRT
FRT
PCH
PCH
Q1 26
Q4 25
Q3 25
18.2%
Q2 25
13.0%
Q1 25
17.8%
Q4 24
13.4%
Q3 24
10.8%
Q2 24
11.9%
Operating Margin
FRT
FRT
PCH
PCH
Q1 26
53.8%
Q4 25
53.8%
Q3 25
34.3%
11.2%
Q2 25
65.1%
5.0%
Q1 25
35.0%
10.3%
Q4 24
35.1%
5.2%
Q3 24
34.9%
2.8%
Q2 24
53.0%
5.4%
Net Margin
FRT
FRT
PCH
PCH
Q1 26
38.6%
Q4 25
38.6%
Q3 25
19.1%
8.2%
Q2 25
50.0%
2.7%
Q1 25
20.6%
9.6%
Q4 24
21.0%
2.0%
Q3 24
20.1%
1.3%
Q2 24
37.8%
4.3%
EPS (diluted)
FRT
FRT
PCH
PCH
Q1 26
$1.49
Q4 25
$1.49
Q3 25
$0.69
$0.33
Q2 25
$1.78
$0.09
Q1 25
$0.72
$0.33
Q4 24
$0.74
$0.07
Q3 24
$0.70
$0.04
Q2 24
$1.32
$0.17

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FRT
FRT
PCH
PCH
Cash + ST InvestmentsLiquidity on hand
$107.4M
$88.8M
Total DebtLower is stronger
$5.0B
Stockholders' EquityBook value
$3.2B
$1.9B
Total Assets
$9.1B
$3.2B
Debt / EquityLower = less leverage
1.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRT
FRT
PCH
PCH
Q1 26
$107.4M
Q4 25
$107.4M
Q3 25
$111.3M
$88.8M
Q2 25
$177.0M
$95.3M
Q1 25
$109.2M
$147.5M
Q4 24
$123.4M
$151.6M
Q3 24
$97.0M
$161.1M
Q2 24
$103.2M
$199.7M
Total Debt
FRT
FRT
PCH
PCH
Q1 26
$5.0B
Q4 25
$5.0B
Q3 25
Q2 25
Q1 25
Q4 24
$4.5B
$1.0B
Q3 24
Q2 24
Stockholders' Equity
FRT
FRT
PCH
PCH
Q1 26
$3.2B
Q4 25
$3.2B
Q3 25
$3.2B
$1.9B
Q2 25
$3.2B
$1.9B
Q1 25
$3.2B
$2.0B
Q4 24
$3.2B
$2.0B
Q3 24
$3.1B
$2.1B
Q2 24
$3.0B
$2.1B
Total Assets
FRT
FRT
PCH
PCH
Q1 26
$9.1B
Q4 25
$9.1B
Q3 25
$8.9B
$3.2B
Q2 25
$8.6B
$3.2B
Q1 25
$8.6B
$3.3B
Q4 24
$8.5B
$3.3B
Q3 24
$8.5B
$3.3B
Q2 24
$8.4B
$3.4B
Debt / Equity
FRT
FRT
PCH
PCH
Q1 26
1.53×
Q4 25
1.53×
Q3 25
Q2 25
Q1 25
Q4 24
1.42×
0.51×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FRT
FRT
PCH
PCH
Operating Cash FlowLast quarter
$65.7M
Free Cash FlowOCF − Capex
$50.1M
FCF MarginFCF / Revenue
15.9%
Capex IntensityCapex / Revenue
4.9%
Cash ConversionOCF / Net Profit
2.54×
TTM Free Cash FlowTrailing 4 quarters
$132.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRT
FRT
PCH
PCH
Q1 26
Q4 25
$622.4M
Q3 25
$147.8M
$65.7M
Q2 25
$150.7M
$41.0M
Q1 25
$179.0M
$49.1M
Q4 24
$574.6M
$45.4M
Q3 24
$144.1M
$26.5M
Q2 24
$169.7M
$100.6M
Free Cash Flow
FRT
FRT
PCH
PCH
Q1 26
Q4 25
Q3 25
$50.1M
Q2 25
$30.6M
Q1 25
$26.3M
Q4 24
$25.4M
Q3 24
$-8.2M
Q2 24
$72.4M
FCF Margin
FRT
FRT
PCH
PCH
Q1 26
Q4 25
Q3 25
15.9%
Q2 25
11.1%
Q1 25
9.8%
Q4 24
9.9%
Q3 24
-3.2%
Q2 24
22.6%
Capex Intensity
FRT
FRT
PCH
PCH
Q1 26
Q4 25
Q3 25
4.9%
Q2 25
3.8%
Q1 25
8.5%
Q4 24
7.7%
Q3 24
13.6%
Q2 24
8.8%
Cash Conversion
FRT
FRT
PCH
PCH
Q1 26
Q4 25
4.80×
Q3 25
2.40×
2.54×
Q2 25
0.97×
5.58×
Q1 25
2.81×
1.90×
Q4 24
8.77×
8.74×
Q3 24
2.36×
7.99×
Q2 24
1.52×
7.35×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FRT
FRT

Segment breakdown not available.

PCH
PCH

Lumber$131.8M42%
Timberlands$52.5M17%
Rural Real Estate$51.3M16%
Residuals And Panels$34.0M11%
Pulpwood$16.7M5%
Development Real Estate$14.6M5%
Other$8.1M3%
Other Products$5.2M2%

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