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Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and PRA GROUP INC (PRAA). 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 $333.4M, roughly 1.0× PRA GROUP INC). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 17.0%, a 21.7% gap on every dollar of revenue. On growth, PRA GROUP INC posted the faster year-over-year revenue change (13.7% vs 8.7%). Over the past eight quarters, PRA GROUP INC's revenue compounded faster (14.2% 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.

PRA Group, Inc. is a publicly traded debt buyer and debt collection company based in Norfolk, Virginia. The company buys delinquent consumer debt from credit card issuers and other financial institutions at a discount and pursues collection of the full debt owed. Founded in 1996, PRA Group employs more than 3200 people in 18 countries.

FRT vs PRAA — Head-to-Head

Bigger by revenue
FRT
FRT
1.0× larger
FRT
$336.0M
$333.4M
PRAA
Growing faster (revenue YoY)
PRAA
PRAA
+5.0% gap
PRAA
13.7%
8.7%
FRT
Higher net margin
FRT
FRT
21.7% more per $
FRT
38.6%
17.0%
PRAA
Faster 2-yr revenue CAGR
PRAA
PRAA
Annualised
PRAA
14.2%
6.5%
FRT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FRT
FRT
PRAA
PRAA
Revenue
$336.0M
$333.4M
Net Profit
$129.7M
$56.5M
Gross Margin
Operating Margin
53.8%
37.7%
Net Margin
38.6%
17.0%
Revenue YoY
8.7%
13.7%
Net Profit YoY
103.5%
206.3%
EPS (diluted)
$1.49
$1.47

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
PRAA
PRAA
Q1 26
$336.0M
Q4 25
$336.0M
$333.4M
Q3 25
$322.3M
$311.1M
Q2 25
$311.5M
$287.7M
Q1 25
$309.2M
$269.6M
Q4 24
$311.4M
$293.2M
Q3 24
$303.6M
$281.5M
Q2 24
$296.1M
$284.2M
Net Profit
FRT
FRT
PRAA
PRAA
Q1 26
$129.7M
Q4 25
$129.7M
$56.5M
Q3 25
$61.6M
$-407.7M
Q2 25
$155.9M
$42.4M
Q1 25
$63.8M
$3.7M
Q4 24
$65.5M
$18.5M
Q3 24
$61.0M
$27.2M
Q2 24
$112.0M
$21.5M
Operating Margin
FRT
FRT
PRAA
PRAA
Q1 26
53.8%
Q4 25
53.8%
37.7%
Q3 25
34.3%
-101.4%
Q2 25
65.1%
29.6%
Q1 25
35.0%
27.7%
Q4 24
35.1%
32.1%
Q3 24
34.9%
32.0%
Q2 24
53.0%
31.4%
Net Margin
FRT
FRT
PRAA
PRAA
Q1 26
38.6%
Q4 25
38.6%
17.0%
Q3 25
19.1%
-131.0%
Q2 25
50.0%
14.7%
Q1 25
20.6%
1.4%
Q4 24
21.0%
6.3%
Q3 24
20.1%
9.6%
Q2 24
37.8%
7.6%
EPS (diluted)
FRT
FRT
PRAA
PRAA
Q1 26
$1.49
Q4 25
$1.49
$1.47
Q3 25
$0.69
$-10.43
Q2 25
$1.78
$1.08
Q1 25
$0.72
$0.09
Q4 24
$0.74
$0.47
Q3 24
$0.70
$0.69
Q2 24
$1.32
$0.54

Balance Sheet & Financial Strength

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

Metric
FRT
FRT
PRAA
PRAA
Cash + ST InvestmentsLiquidity on hand
$107.4M
$104.4M
Total DebtLower is stronger
$5.0B
Stockholders' EquityBook value
$3.2B
$979.9M
Total Assets
$9.1B
$5.1B
Debt / EquityLower = less leverage
1.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRT
FRT
PRAA
PRAA
Q1 26
$107.4M
Q4 25
$107.4M
$104.4M
Q3 25
$111.3M
$107.5M
Q2 25
$177.0M
$131.6M
Q1 25
$109.2M
$128.7M
Q4 24
$123.4M
$105.9M
Q3 24
$97.0M
$141.1M
Q2 24
$103.2M
$118.9M
Total Debt
FRT
FRT
PRAA
PRAA
Q1 26
$5.0B
Q4 25
$5.0B
Q3 25
Q2 25
Q1 25
Q4 24
$4.5B
Q3 24
Q2 24
Stockholders' Equity
FRT
FRT
PRAA
PRAA
Q1 26
$3.2B
Q4 25
$3.2B
$979.9M
Q3 25
$3.2B
$928.5M
Q2 25
$3.2B
$1.3B
Q1 25
$3.2B
$1.2B
Q4 24
$3.2B
$1.1B
Q3 24
$3.1B
$1.2B
Q2 24
$3.0B
$1.1B
Total Assets
FRT
FRT
PRAA
PRAA
Q1 26
$9.1B
Q4 25
$9.1B
$5.1B
Q3 25
$8.9B
$5.0B
Q2 25
$8.6B
$5.4B
Q1 25
$8.6B
$5.1B
Q4 24
$8.5B
$4.9B
Q3 24
$8.5B
$4.9B
Q2 24
$8.4B
$4.7B
Debt / Equity
FRT
FRT
PRAA
PRAA
Q1 26
1.53×
Q4 25
1.53×
Q3 25
Q2 25
Q1 25
Q4 24
1.42×
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
PRAA
PRAA
Operating Cash FlowLast quarter
$-85.5M
Free Cash FlowOCF − Capex
$-90.4M
FCF MarginFCF / Revenue
-27.1%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
-1.51×
TTM Free Cash FlowTrailing 4 quarters
$-169.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRT
FRT
PRAA
PRAA
Q1 26
Q4 25
$622.4M
$-85.5M
Q3 25
$147.8M
$-10.1M
Q2 25
$150.7M
$-12.9M
Q1 25
$179.0M
$-52.6M
Q4 24
$574.6M
$-94.6M
Q3 24
$144.1M
$-35.0M
Q2 24
$169.7M
$-29.5M
Free Cash Flow
FRT
FRT
PRAA
PRAA
Q1 26
Q4 25
$-90.4M
Q3 25
$-11.3M
Q2 25
$-14.2M
Q1 25
$-53.5M
Q4 24
$-98.6M
Q3 24
$-36.1M
Q2 24
$-30.8M
FCF Margin
FRT
FRT
PRAA
PRAA
Q1 26
Q4 25
-27.1%
Q3 25
-3.6%
Q2 25
-4.9%
Q1 25
-19.8%
Q4 24
-33.6%
Q3 24
-12.8%
Q2 24
-10.8%
Capex Intensity
FRT
FRT
PRAA
PRAA
Q1 26
Q4 25
1.4%
Q3 25
0.4%
Q2 25
0.4%
Q1 25
0.3%
Q4 24
1.4%
Q3 24
0.4%
Q2 24
0.5%
Cash Conversion
FRT
FRT
PRAA
PRAA
Q1 26
Q4 25
4.80×
-1.51×
Q3 25
2.40×
Q2 25
0.97×
-0.30×
Q1 25
2.81×
-14.37×
Q4 24
8.77×
-5.13×
Q3 24
2.36×
-1.29×
Q2 24
1.52×
-1.37×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRT
FRT

Segment breakdown not available.

PRAA
PRAA

GB$170.1M51%
Other$163.3M49%

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