Federal Realty Investment Trust reports results for the quarter ended in September 30 - Earnings Summary

Federal Realty Investment Trust

31/10/2024 02:56

* Federal Realty Investment Trust  FRT.N  reported quarterly
adjusted earnings of 70 cents​​ per share for the quarter ended
September 30, higher than the same quarter last year, when the
company reported EPS of 67 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 73 cents per
share. Wall Street expected results to range from 69 cents to 76
cents per share.
    * Revenue rose 5.9% to $303.63 million from a year ago;
analysts
expected $300.62 million. 
    * Federal Realty Investment Trust's reported EPS for the
quarter
was 70 cents​.
    * The company reported quarterly net income of $56.44
million.
    * Federal Realty Investment Trust shares had fallen by 1.8%
this
quarter and gained 9.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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," 5
"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 $121.00 
This summary was machine generated from LSEG data October 31 at
02:56 a.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
 Sep. 30 2024      1.72           1.71           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