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Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and REX AMERICAN RESOURCES Corp (REX). 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 $175.6M, roughly 1.9× REX AMERICAN RESOURCES Corp). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 15.6%, a 23.0% gap on every dollar of revenue. On growth, Federal Realty Investment Trust posted the faster year-over-year revenue change (8.7% vs 0.4%). Over the past eight quarters, Federal Realty Investment Trust's revenue compounded faster (6.5% CAGR vs -3.2%).

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.

REX American Resources Corp. is an American producer and retailer of ethanol, distillers grains and natural gas as well as a holding company in energy entities. It was founded in 1980 and is headquartered in Dayton, Ohio. The company has the entire ownership of three affiliated corporations including Rex Radio and Television, Inc., Stereo Town, Inc. and Kelly & Cohen Appliances, Inc. As of 2012, the company has the ownership of 22 national retail stores and invested in five ethanol production...

FRT vs REX — Head-to-Head

Bigger by revenue
FRT
FRT
1.9× larger
FRT
$336.0M
$175.6M
REX
Growing faster (revenue YoY)
FRT
FRT
+8.3% gap
FRT
8.7%
0.4%
REX
Higher net margin
FRT
FRT
23.0% more per $
FRT
38.6%
15.6%
REX
Faster 2-yr revenue CAGR
FRT
FRT
Annualised
FRT
6.5%
-3.2%
REX

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
FRT
FRT
REX
REX
Revenue
$336.0M
$175.6M
Net Profit
$129.7M
$27.5M
Gross Margin
20.6%
Operating Margin
53.8%
20.2%
Net Margin
38.6%
15.6%
Revenue YoY
8.7%
0.4%
Net Profit YoY
103.5%
-8.7%
EPS (diluted)
$1.49
$0.71

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
REX
REX
Q1 26
$336.0M
Q4 25
$336.0M
$175.6M
Q3 25
$322.3M
$158.6M
Q2 25
$311.5M
$158.3M
Q1 25
$309.2M
$158.2M
Q4 24
$311.4M
$174.9M
Q3 24
$303.6M
$148.2M
Q2 24
$296.1M
$161.2M
Net Profit
FRT
FRT
REX
REX
Q1 26
$129.7M
Q4 25
$129.7M
$27.5M
Q3 25
$61.6M
$9.3M
Q2 25
$155.9M
$10.7M
Q1 25
$63.8M
$14.1M
Q4 24
$65.5M
$30.1M
Q3 24
$61.0M
$15.0M
Q2 24
$112.0M
$12.3M
Gross Margin
FRT
FRT
REX
REX
Q1 26
Q4 25
20.6%
Q3 25
9.0%
Q2 25
9.1%
Q1 25
11.1%
Q4 24
22.7%
Q3 24
13.3%
Q2 24
9.0%
Operating Margin
FRT
FRT
REX
REX
Q1 26
53.8%
Q4 25
53.8%
20.2%
Q3 25
34.3%
Q2 25
65.1%
Q1 25
35.0%
11.3%
Q4 24
35.1%
22.6%
Q3 24
34.9%
13.2%
Q2 24
53.0%
9.9%
Net Margin
FRT
FRT
REX
REX
Q1 26
38.6%
Q4 25
38.6%
15.6%
Q3 25
19.1%
5.9%
Q2 25
50.0%
6.7%
Q1 25
20.6%
8.9%
Q4 24
21.0%
17.2%
Q3 24
20.1%
10.1%
Q2 24
37.8%
7.6%
EPS (diluted)
FRT
FRT
REX
REX
Q1 26
$1.49
Q4 25
$1.49
$0.71
Q3 25
$0.69
$0.43
Q2 25
$1.78
$0.51
Q1 25
$0.72
$-0.32
Q4 24
$0.74
$0.69
Q3 24
$0.70
$0.70
Q2 24
$1.32
$0.58

Balance Sheet & Financial Strength

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

Metric
FRT
FRT
REX
REX
Cash + ST InvestmentsLiquidity on hand
$107.4M
$335.5M
Total DebtLower is stronger
$5.0B
Stockholders' EquityBook value
$3.2B
$566.9M
Total Assets
$9.1B
$750.1M
Debt / EquityLower = less leverage
1.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRT
FRT
REX
REX
Q1 26
$107.4M
Q4 25
$107.4M
$335.5M
Q3 25
$111.3M
$310.5M
Q2 25
$177.0M
$315.9M
Q1 25
$109.2M
$359.1M
Q4 24
$123.4M
$365.1M
Q3 24
$97.0M
$346.0M
Q2 24
$103.2M
$351.8M
Total Debt
FRT
FRT
REX
REX
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
REX
REX
Q1 26
$3.2B
Q4 25
$3.2B
$566.9M
Q3 25
$3.2B
$545.8M
Q2 25
$3.2B
$536.4M
Q1 25
$3.2B
$560.3M
Q4 24
$3.2B
$564.5M
Q3 24
$3.1B
$539.6M
Q2 24
$3.0B
$524.5M
Total Assets
FRT
FRT
REX
REX
Q1 26
$9.1B
Q4 25
$9.1B
$750.1M
Q3 25
$8.9B
$700.6M
Q2 25
$8.6B
$693.8M
Q1 25
$8.6B
$720.0M
Q4 24
$8.5B
$715.7M
Q3 24
$8.5B
$680.0M
Q2 24
$8.4B
$671.0M
Debt / Equity
FRT
FRT
REX
REX
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
REX
REX
Operating Cash FlowLast quarter
$51.2M
Free Cash FlowOCF − Capex
$24.5M
FCF MarginFCF / Revenue
14.0%
Capex IntensityCapex / Revenue
15.2%
Cash ConversionOCF / Net Profit
1.87×
TTM Free Cash FlowTrailing 4 quarters
$17.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRT
FRT
REX
REX
Q1 26
Q4 25
$622.4M
$51.2M
Q3 25
$147.8M
$16.3M
Q2 25
$150.7M
$-3.5M
Q1 25
$179.0M
$25.1M
Q4 24
$574.6M
$33.4M
Q3 24
$144.1M
$8.0M
Q2 24
$169.7M
$-2.3M
Free Cash Flow
FRT
FRT
REX
REX
Q1 26
Q4 25
$24.5M
Q3 25
$-5.7M
Q2 25
$-10.4M
Q1 25
$9.2M
Q4 24
$18.2M
Q3 24
$-7.4M
Q2 24
$-27.1M
FCF Margin
FRT
FRT
REX
REX
Q1 26
Q4 25
14.0%
Q3 25
-3.6%
Q2 25
-6.6%
Q1 25
5.8%
Q4 24
10.4%
Q3 24
-5.0%
Q2 24
-16.8%
Capex Intensity
FRT
FRT
REX
REX
Q1 26
Q4 25
15.2%
Q3 25
13.9%
Q2 25
4.4%
Q1 25
10.0%
Q4 24
8.7%
Q3 24
10.4%
Q2 24
15.4%
Cash Conversion
FRT
FRT
REX
REX
Q1 26
Q4 25
4.80×
1.87×
Q3 25
2.40×
1.75×
Q2 25
0.97×
-0.33×
Q1 25
2.81×
1.78×
Q4 24
8.77×
1.11×
Q3 24
2.36×
0.53×
Q2 24
1.52×
-0.18×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRT
FRT

Segment breakdown not available.

REX
REX

Ethanol$136.0M77%
Dried Distillers Grains$22.4M13%
Distillers Corn Oil$16.4M9%
Modified Distillers Grains$1.2M1%

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