Federal Realty Q3 FFO per share up 3.5%, achieves record leasing volume

Federal Realty Investment Trust

31/10/2025 11:37

Overview

Federal Realty Q3 FFO per share grows 3.5% yr/yr

Company reports record leasing volume of 727,029 sq ft with strong rent growth

Announced acquisition of Annapolis Town Center for $187 mln post-quarter

Outlook

Federal Realty raises 2025 FFO guidance to $7.05-$7.11 per share

Company tightens 2025 EPS guidance to $3.93-$3.99

Result Drivers

RECORD LEASING VOLUME - Achieved all-time record leasing volume of 727,029 sq ft with significant rent growth

OCCUPANCY IMPROVEMENT - Comparable portfolio occupancy increased 40 basis points sequentially and 20 basis points yr/yr

RENT GROWTH - Rent growth of 28% on cash basis and 43% on straight-line basis for comparable retail space

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Rental Income
$313.18 mln
Q3 EPS
$0.69
Q3 Net Income
$64.49 mln
Q3 FFO
$153 mln
Q3 Dividend
$1.13
Q3 FFO Per Share
$1.77
Q3 Operating Income
$110.66 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the commercial reits peer group is "buy"

Wall Street's median 12-month price target for Federal Realty Investment Trust is $108.00, about 12.2% above its October 30 closing price of $94.87

The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 30 three months ago

Press Release: ID:nPn4d09p1a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)