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

Federal Realty Investment Trust

03/05/2024 13:51

* Federal Realty Investment Trust  FRT.N  reported quarterly
adjusted earnings of 66 cents​​ per share for the quarter ended
in March, higher than the same quarter last year, when the
company reported EPS of 65 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 67 cents per
share. Wall Street expected results to range from 63 cents to 70
cents per share.
    * Revenue rose 6.8% to $291.32 million from a year ago;
analysts
expected $290.17 million. 
    * Federal Realty Investment Trust's reported EPS for the
quarter
was 66 cents​.
    * The company reported quarterly net income of $54.73
million.
    * Federal Realty Investment Trust shares had risen by 2.7%
this
quarter and gained 1.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.2%
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 12 "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 $111.00 
This summary was machine generated from LSEG data May 3 at 12:51
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
 Mar. 31 2024      1.64           1.64           Met
 Dec. 31 2023      1.64           1.64           Met
 Sep. 30 2023      1.62           1.65           Beat
 Jun. 30 2023      1.61           1.67           Beat