Federal Realty Investment Trust(FRT)
Search documents
Federal Realty Investment: Strong Growth Setup
Seeking Alpha· 2024-12-23 12:26
A financial researcher and avid investor with a keen eye for innovation and disruption, as well as growth buy-outs and value stocks. Keeping an eye on the pace of high tech and early growth companies, I write about current events and the biggest news surrounding the industry, and strive to provide readers with ample research and investment opportunities.Analyst’s Disclosure: I/we have a beneficial long position in the shares of FRT either through stock ownership, options, or other derivatives. I wrote this ...
Federal Realty: Is This Dividend King A Buy?
Seeking Alpha· 2024-12-18 12:00
By definition, a dividend king is a company that has increased its dividend by at least 50 years in a row.Sign Up For A FREE 2-Week Trial Join iREIT® on Alpha today... for more in-depth research on REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, Builders, and Asset Managers. You'll get more articles throughout the week, and access to our Ratings Tracker with buy/sell recommendations on all the stocks we cover. Plus unlimited access to our multi-year Archive of articles. Here are more of the features available ...
Federal Realty: A Dividend King For Your Holiday Portfolio
Seeking Alpha· 2024-12-02 13:00
Group 1 - The holiday season is a significant period for retail stocks, with increased consumer spending observed [2] - The focus is on defensive stocks that are expected to perform steadily over a medium- to long-term horizon [2] Group 2 - iREIT+HOYA Capital emphasizes income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging [1]
Federal Realty Investment Trust (FRT) Up 6% Since Last Earnings Report: Can It Continue?
ZACKS· 2024-11-29 17:37
A month has gone by since the last earnings report for Federal Realty Investment Trust (FRT) . Shares have added about 6% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Federal Realty Investment Trust due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Federal Realty's ...
3 Top REIT Stocks to Buy in November
The Motley Fool· 2024-11-09 08:12
From a high yield to rapid dividend growth, this trio of REITs covers a lot of ground. All are worth a deep dive as November gets under way.Real estate investment trusts (REITs) are designed to pass income on to investors in a tax-advantageous manner. But all REITs are not the same, not by a long shot. Those in search of a high yield will want to look at W. P. Carey (WPC 1.85%) in November. Dividend growth types should dig into Rexford Industrial Realty (REXR 1.22%). And for investors who think dividend rel ...
Federal Realty Misses Q3 FFO Estimates, Raises '24 Guidance
ZACKS· 2024-10-31 17:20
Core Viewpoint - Federal Realty Investment Trust (FRT) reported a third-quarter 2024 funds from operations (FFO) per share of $1.71, slightly below the Zacks Consensus Estimate of $1.72, but up 3.6% from $1.65 in the same quarter last year [1] Financial Performance - Quarterly revenues reached $303.6 million, surpassing the consensus estimate of $301.2 million, and reflecting a 5.9% increase from the previous year's $286.5 million [2] - Comparable property operating income grew by 2.9% during the quarter [5] Leasing Activity - FRT signed 129 leases for a total of 592,527 square feet of retail space, with an average rent of $34.94 per square foot, indicating cash-basis rollover growth of 14% and 26% on a straight-line basis [3] - The portfolio occupancy rate increased by 90 basis points quarter over quarter and 170 basis points year over year to 94% as of September 30, 2024 [4] - The overall leased rate was 95.9%, up 60 basis points quarter over quarter and 190 basis points year over year [4] Property Acquisition - During the third quarter, FRT acquired Pinole Vista Crossing, a grocery-anchored shopping center in Pinole, CA, for $60 million, expanding its presence in Northern California [6] Guidance and Dividend - The company revised its guidance for 2024 FFO per share to a range of $6.76-$6.86, compared to the previous range of $6.70-$6.88, aligning with the Zacks Consensus Estimate of $6.81 [7] - FRT announced a quarterly cash dividend of $1.10 per share, translating to an annual rate of $4.40 per share, payable on January 15, 2025 [8]
Compared to Estimates, Federal Realty Investment Trust (FRT) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-10-30 22:31
Core Insights - Federal Realty Investment Trust (FRT) reported revenue of $303.63 million for Q3 2024, a year-over-year increase of 5.9% [1] - The earnings per share (EPS) for the same period was $1.71, compared to $0.67 a year ago [1] - The reported revenue exceeded the Zacks Consensus Estimate of $301.24 million, resulting in a surprise of +0.79% [1] - The company experienced an EPS surprise of -0.58%, with the consensus EPS estimate being $1.72 [1] Revenue Breakdown - Mortgage interest income was reported at $0.28 million, matching the average estimate [3] - Rental income was $303.35 million, exceeding the average estimate of $299.92 million, reflecting a +6% change year-over-year [3] - Percentage rents within rental income were $4.23 million, below the average estimate of $4.70 million, indicating a -4.6% change year-over-year [3] - Other rental income was reported at $13.43 million, compared to the average estimate of $14.19 million, showing a -4.1% change year-over-year [3] - Cost reimbursement revenue was $58.19 million, surpassing the average estimate of $57.51 million, with an +8.5% change year-over-year [3] - Net earnings per share (diluted) were $0.70, slightly below the average estimate of $0.72 [3] Stock Performance - Shares of Federal Realty Investment Trust have returned -0.5% over the past month, while the Zacks S&P 500 composite increased by +1.8% [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]
Federal Realty Investment Trust (FRT) Misses Q3 FFO Estimates
ZACKS· 2024-10-30 22:15
分组1 - Federal Realty Investment Trust (FRT) reported quarterly funds from operations (FFO) of $1.71 per share, missing the Zacks Consensus Estimate of $1.72 per share, but showing an increase from $1.65 per share a year ago, resulting in an FFO surprise of -0.58% [1] - The company posted revenues of $303.63 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.79%, compared to year-ago revenues of $286.6 million [2] - Over the last four quarters, the company has surpassed consensus revenue estimates three times [2] 分组2 - The stock has added about 9.5% since the beginning of the year, while the S&P 500 has gained 22.3%, indicating underperformance relative to the broader market [3] - The current consensus FFO estimate for the coming quarter is $1.75 on revenues of $307.92 million, and for the current fiscal year, it is $6.81 on $1.2 billion in revenues [7] - The Zacks Industry Rank for REIT and Equity Trust - Retail is currently in the top 16% of over 250 Zacks industries, suggesting a favorable outlook for the industry [8]
Federal Realty Investment Trust(FRT) - 2024 Q3 - Quarterly Report
2024-10-30 20:08
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO THE SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-07533 (Federal Realty Investment Trust) Commission file number: 333-262016-01 (Federal Realty OP LP) FEDERAL REALT ...
Federal Realty Investment Trust Announces Third Quarter 2024 Operating Results
Prnewswire· 2024-10-30 20:05
NORTH BETHESDA, Md., Oct. 30, 2024 /PRNewswire/ -- Federal Realty Investment Trust (NYSE:FRT) today reported operating results for its third quarter ended September 30, 2024. For the three months ended September 30, 2024 and 2023, net income available for common shareholders was $0.70 per diluted share and $0.67 per diluted share, respectively. For the three months ended September 30, 2024 and 2023, operating income was $105.8 million and $100.1 million, respectively. Highlights for the third quarter includ ...