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Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). 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 $199.5M, roughly 1.7× VIRTUS INVESTMENT PARTNERS, INC.). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 3.6%, a 35.1% gap on every dollar of revenue. On growth, Federal Realty Investment Trust posted the faster year-over-year revenue change (8.7% vs -4.1%). Over the past eight quarters, Federal Realty Investment Trust's revenue compounded faster (6.5% CAGR vs -5.7%).

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.

Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.

FRT vs VRTS — Head-to-Head

Bigger by revenue
FRT
FRT
1.7× larger
FRT
$336.0M
$199.5M
VRTS
Growing faster (revenue YoY)
FRT
FRT
+12.8% gap
FRT
8.7%
-4.1%
VRTS
Higher net margin
FRT
FRT
35.1% more per $
FRT
38.6%
3.6%
VRTS
Faster 2-yr revenue CAGR
FRT
FRT
Annualised
FRT
6.5%
-5.7%
VRTS

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
FRT
FRT
VRTS
VRTS
Revenue
$336.0M
$199.5M
Net Profit
$129.7M
$7.1M
Gross Margin
Operating Margin
53.8%
7.7%
Net Margin
38.6%
3.6%
Revenue YoY
8.7%
-4.1%
Net Profit YoY
103.5%
-78.1%
EPS (diluted)
$1.49
$1.05

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
VRTS
VRTS
Q1 26
$336.0M
$199.5M
Q4 25
$336.0M
$208.0M
Q3 25
$322.3M
$216.4M
Q2 25
$311.5M
$210.5M
Q1 25
$309.2M
$217.9M
Q4 24
$311.4M
$233.5M
Q3 24
$303.6M
$227.0M
Q2 24
$296.1M
$224.4M
Net Profit
FRT
FRT
VRTS
VRTS
Q1 26
$129.7M
$7.1M
Q4 25
$129.7M
$33.9M
Q3 25
$61.6M
$31.3M
Q2 25
$155.9M
$42.7M
Q1 25
$63.8M
$28.1M
Q4 24
$65.5M
$39.5M
Q3 24
$61.0M
$49.1M
Q2 24
$112.0M
$26.0M
Operating Margin
FRT
FRT
VRTS
VRTS
Q1 26
53.8%
7.7%
Q4 25
53.8%
19.1%
Q3 25
34.3%
21.7%
Q2 25
65.1%
21.5%
Q1 25
35.0%
16.8%
Q4 24
35.1%
21.7%
Q3 24
34.9%
24.3%
Q2 24
53.0%
19.7%
Net Margin
FRT
FRT
VRTS
VRTS
Q1 26
38.6%
3.6%
Q4 25
38.6%
16.3%
Q3 25
19.1%
14.5%
Q2 25
50.0%
20.3%
Q1 25
20.6%
12.9%
Q4 24
21.0%
16.9%
Q3 24
20.1%
21.6%
Q2 24
37.8%
11.6%
EPS (diluted)
FRT
FRT
VRTS
VRTS
Q1 26
$1.49
$1.05
Q4 25
$1.49
$5.15
Q3 25
$0.69
$4.65
Q2 25
$1.78
$6.12
Q1 25
$0.72
$4.05
Q4 24
$0.74
$4.65
Q3 24
$0.70
$5.71
Q2 24
$1.32
$2.43

Balance Sheet & Financial Strength

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

Metric
FRT
FRT
VRTS
VRTS
Cash + ST InvestmentsLiquidity on hand
$107.4M
$136.6M
Total DebtLower is stronger
$5.0B
Stockholders' EquityBook value
$3.2B
$93.6B
Total Assets
$9.1B
Debt / EquityLower = less leverage
1.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRT
FRT
VRTS
VRTS
Q1 26
$107.4M
$136.6M
Q4 25
$107.4M
Q3 25
$111.3M
Q2 25
$177.0M
Q1 25
$109.2M
Q4 24
$123.4M
Q3 24
$97.0M
Q2 24
$103.2M
Total Debt
FRT
FRT
VRTS
VRTS
Q1 26
$5.0B
Q4 25
$5.0B
$390.0M
Q3 25
$390.6M
Q2 25
$231.3M
Q1 25
$231.7M
Q4 24
$4.5B
$232.1M
Q3 24
$237.5M
Q2 24
$247.6M
Stockholders' Equity
FRT
FRT
VRTS
VRTS
Q1 26
$3.2B
$93.6B
Q4 25
$3.2B
$934.0M
Q3 25
$3.2B
$918.7M
Q2 25
$3.2B
$896.4M
Q1 25
$3.2B
$893.7M
Q4 24
$3.2B
$897.5M
Q3 24
$3.1B
$889.0M
Q2 24
$3.0B
$868.7M
Total Assets
FRT
FRT
VRTS
VRTS
Q1 26
$9.1B
Q4 25
$9.1B
$4.3B
Q3 25
$8.9B
$3.9B
Q2 25
$8.6B
$3.7B
Q1 25
$8.6B
$3.7B
Q4 24
$8.5B
$4.0B
Q3 24
$8.5B
$3.6B
Q2 24
$8.4B
$3.6B
Debt / Equity
FRT
FRT
VRTS
VRTS
Q1 26
1.53×
Q4 25
1.53×
0.42×
Q3 25
0.43×
Q2 25
0.26×
Q1 25
0.26×
Q4 24
1.42×
0.26×
Q3 24
0.27×
Q2 24
0.29×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRT
FRT

Segment breakdown not available.

VRTS
VRTS

Investment management fees$169.1M85%
Administration and shareholder service fees$17.3M9%
Distribution and service fees$11.6M6%

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