Answer
The press release you provided for Federal Realty Investment Trust (FRT) covers the company’s second‑quarter 2025 financial results and highlights such items as net income per diluted share. However, the excerpt you shared does not include any information about the company’s net leverage ratio (i.e., the ratio of net debt to adjusted EBITDA) nor any commentary on whether that ratio is inside, above, or below the company’s target range.
Because the net leverage ratio and any discussion of its movement relative to the target range are not disclosed in the text you posted, I cannot give you a current figure or assess whether it has shifted relative to the company’s desired range.
What you can do next
Review the full earnings release – The complete Q2 2025 results PDF (often posted on the investor‑relations section of Federal Realty’s website) typically contains a “Liquidity & Capital Structure” or “Key Metrics” table that lists the net leverage ratio and the company’s target range.
Check the SEC filing – The Form 10‑Q for the quarter will also include a balance‑sheet‑derived net leverage ratio and may provide a management discussion on whether the ratio is within the target range.
Listen to the earnings call transcript – Management often discusses leverage trends and any actions taken to bring the ratio back into the target band.
If you can locate the full press release or the accompanying investor presentation, you’ll likely find a line such as:
“Net leverage (net debt/adjusted EBITDA) was X.XX at the end of June 30, 2025, remaining within our target range of Y.YY‑Z.ZZ.”
Once you have that figure, you can compare it to the target range to determine whether the ratio has moved inside, above, or below the desired band.
Bottom line: Based solely on the excerpt you provided, the current net leverage ratio and its movement relative to Federal Realty’s target range are not disclosed. You’ll need to consult the complete earnings release, the Form 10‑Q filing, or the earnings‑call transcript to obtain that specific metric.