This real estate investment trust is designed for steady growth and has an unmatched dividend track record. There are only a few dozen stocks that have increased their dividends for more than 50 consecutive years, and only one real estate investment trust is a member of this exclusive club. Shopping center developer and manager Federal Realty Investment Trust (FRT 1.77%) has by far the longest streak of dividend increases in its sector, and one of the most impressive in the entire stock market. With that in ...

Core Viewpoint - Federal Realty Investment Trust (FRT) reported strong second-quarter 2024 results, with funds from operations (FFO) per share of $1.69, exceeding estimates and reflecting healthy leasing activity and revenue growth [1][2]. Financial Performance - FRT's quarterly revenues reached $296.1 million, surpassing the consensus estimate of $292.9 million and showing a 5.5% increase from the previous year [2]. - The FFO per share increased by 1.2% from $1.67 in the same quarter last year [1]. Leasing Activity - In the reported quarter, FRT signed 124 leases for 600,669 square feet of retail space, with an average rent of $37.72 per square foot, indicating cash-basis rollover growth of 10% and 23% on a straight-line basis [2]. - The portfolio occupancy rate rose by 30 basis points year over year to 93.1%, with a leasing rate of 95.3%, up 100 basis points from the previous year [3]. Operational Metrics - Comparable property operating income grew by 2.9% in the second quarter, excluding lease termination fees and prior-period rents [4]. - FRT ended the quarter with cash and cash equivalents of $103.2 million, an increase from $95.9 million at the end of the first quarter [4]. Portfolio Activity - In April 2024, FRT acquired a 10% non-controlling interest in the partnership owning CocoWalk for $12.4 million, bringing its ownership to 100% [5]. - In May 2024, FRT purchased the Virginia Gateway community center for $215 million, expanding its regional presence [5]. - FRT sold residual assets on Third Street Promenade for $103 million in June 2024, resulting in a gain of $52 million [6]. Dividend Announcement - FRT announced a quarterly cash dividend of $1.10 per share, an increase from $1.09, marking the 57th consecutive year of dividend increases [7]. - The new dividend reflects an annual rate of $4.40 per share, payable on October 15 to shareholders of record as of October 1, 2024 [7]. Guidance - FRT revised its 2024 FFO per share guidance to a range of $6.70-$6.88, up from the previous range of $6.67-$6.87, aligning with the Zacks Consensus Estimate of $6.80 [8].

For the quarter ended June 2024, Federal Realty Investment Trust (FRT) reported revenue of $296.05 million, up 5.5% over the same period last year. EPS came in at $1.69, compared to $0.72 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $292.91 million, representing a surprise of +1.07%. The company delivered an EPS surprise of +0.60%, with the consensus EPS estimate being $1.68. While investors closely watch year-over-year changes in headline numbers -- revenue and ...

Federal Realty Investment Trust (FRT) came out with quarterly funds from operations (FFO) of $1.69 per share, beating the Zacks Consensus Estimate of $1.68 per share. This compares to FFO of $1.67 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 0.60%. A quarter ago, it was expected that this real estate investment trust would post FFO of $1.65 per share when it actually produced FFO of $1.64, delivering a surprise of -0.61%. Over ...

Core Insights - The consensus EPS estimate for the upcoming quarter has been revised downward by 0.2% over the past 30 days, indicating a collective reassessment by analysts [1] - Analysts predict that Federal Realty Investment Trust (FRT) will report quarterly earnings of $1.68 per share, reflecting a 0.6% increase year-over-year, with revenues expected to reach $292.91 million, a 4.4% increase from the previous year [6] Revenue Estimates - The consensus estimate for 'Revenue- Rental income' is projected at $290.24 million, representing a year-over-year increase of 3.5% [3] - 'Revenue- Rental income- Percentage rents' is expected to be $4.47 million, indicating a 2.3% increase year-over-year [4] - 'Revenue- Rental income- Other' is anticipated to be $13.27 million, suggesting a decline of 7.1% year-over-year [9] - The estimate for 'Revenue- Rental income- Cost reimbursement' stands at $55.60 million, reflecting an 8.6% increase year-over-year [10] Depreciation and Amortization - Analysts estimate 'Depreciation and amortization' to be $83.70 million, compared to $78.97 million from the previous year [5] Market Performance - Federal Realty Investment Trust shares have shown a return of 12.7% over the past month, contrasting with a -0.4% change in the Zacks S&P 500 composite [5] - The company holds a Zacks Rank of 3 (Hold), suggesting it is expected to perform in line with the overall market in the near future [5] Importance of Earnings Estimates - Changes in earnings estimates are crucial for predicting investor reactions to the stock, with empirical studies showing a strong correlation between earnings estimate revisions and short-term stock price performance [7]

Not all my REIT (VNQ) investments are successful. Suntec REIT (T82U / OTCPK:SURVF) When we initiated our position in the REIT, they owned a small portfolio of trophy assets in Singapore, but they were priced at a discount to their net asset value and offered an above-average yield for an S-REIT. Therefore, the thesis was very simple. Suntec REIT allowed us to buy an interest in trophy assets in Singapore, which is the safe haven of Asia, offering great diversification benefits to our international portfolio ...

Core Insights - The article emphasizes the importance of preparing for retirement stocks, especially in light of recent economic disruptions caused by Covid-19, meme stocks, and interest rate hikes [1][2]. Group 1: Retirement Stock Considerations - Investors are encouraged to focus on dividend-paying companies with a history of rising returns, as these stocks have historically outperformed non-dividend payers [3]. - From 1972 to 2019, S&P 500 dividend-paying equities yielded 10.19% returns compared to 4.27% for nonpayers, indicating a strong preference for dividend growers [3]. - Dividend-paying equities exhibit lower volatility, with a beta of 0.89 and a standard deviation of 16.15%, making them a safer investment choice [3]. Group 2: Federal Realty Investment Trust (FRT) - FRT reported disappointing first-quarter 2024 funds from operations of $1.64 per share, impacting market sentiment [6]. - As a real estate investment trust, FRT must distribute 90% of taxable revenue to shareholders and has maintained a 56-year streak of dividend increases with a quarterly cash payout of $1.09 per share [7]. - FRT is investing in growth initiatives, including a $90-$95 million refurbishment project in Bala Cynwyd, expected to yield a 7% return on investment [8]. Group 3: Walmart (WMT) - Walmart has outperformed 99.67% of retail-defensive companies, consistently generating profits over the last decade [9]. - The company holds a "strong buy" rating with a potential upside of over 8%, based on a target price of $73.85 [13]. - Walmart's Q1 FY2025 sales reached $161.5 billion, exceeding expert projections, with an EPS of $1.34 [20]. Group 4: AT&T (T) - AT&T offers an industry-leading yield of 5.8% and has a potential upside of around 17%, reflecting its recovery from past merger challenges [15]. - The company reported revenue of $30.03 billion, slightly below projections, but achieved a 29.3% year-over-year increase in operational income [16]. - AT&T aims to generate at least $16 billion in free cash flow for the year and has successfully reduced its long-term debt from $230 billion to $132.8 billion [22][23].

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The company enjoys a well-diversified tenant base of retailers, including industry bellwethers like TJX Companies, Ahold Delhaize and CVS Corporation. This limits the company's risk to any particular retail industry and positions it well for experiencing a stable source of rental revenues. As of Mar 31, 2024, no single tenant accounted for more than 2.7% of the annualized base rent (ABR). We estimate year-over-year growth of 4.5%, 5% and 7.6% in the company's rental income in 2024, 2025 and 2026, respective ...

Image Source: Zacks Investment Research One such strategic investment is the recent acquisition of Virginia Gateway, a dominant 110-acre retail hub located in Gainesville, VA. This acquisition added approximately 665,000 square feet of prime retail space to Federal Realty's portfolio and underscored its commitment to owning and operating high-quality, high-traffic retail properties in affluent markets. A diverse tenant base and a focus on essential retail ensure steady cash flows. The company's efforts to d ...