Federal Realty Investment Trust (FRT), Wednesday reported funds from operations of $144.6 million, or $1.71 per share, compared to $135.3 million, or $1.65 per share in previous year.
Profit was $58.9 million or $0.70 per share versus $55.0 million or $0.67 per share last year.
Analysts, on average, polled by Thomson Reuters estimated earnings of $0.72 a share for the period.
Revenue increased to $303.6 million from $286.6 million in prior year.
Looking ahead, the company now estimates FFO of $6.76 to $6.86 a share instead of previously estimated $6.70 to $6.88 a share, and earnings of $3.40 to $3.50 a share instead of previously expected $3.33 to $3.51 a share for the fiscal year 2024.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.