Federal Realty Investment Trust reports results for the quarter ended in June - Earnings Summary

Federal Realty Investment Trust

01/08/2024 22:40

* Federal Realty Investment Trust  FRT.N  reported quarterly
adjusted earnings of 69 cents​​ per share for the quarter ended
in June, lower than the same quarter last year, when the company
reported EPS of 72 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 71 cents per
share. Wall Street expected results to range from 68 cents to 72
cents per share.
    * Revenue rose 5.5% to $296.05 million from a year ago;
analysts
expected $293.60 million. 
    * Federal Realty Investment Trust's reported EPS for the
quarter
was $1.32​.
    * The company reported quarterly net income of $107.3
million.
    * Federal Realty Investment Trust shares had risen by 10.6%
this
quarter and gained 8.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the commercial
reits
peer group is also "buy"

Wall Street's median 12-month price target for Federal Realty
Investment Trust is $114.00 
This summary was machine generated from LSEG data August 1 at
09:39 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      1.68           1.69           Beat
 Mar. 31 2024      1.64           1.64           Met
 Dec. 31 2023      1.64           1.64           Met
 Sep. 30 2023      1.62           1.65           Beat