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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 ...
What's in Store for Federal Realty in This Earnings Season?
ZACKS· 2024-10-29 15:46
Core Viewpoint - Federal Realty Investment Trust (FRT) is preparing to report its third-quarter 2024 results on October 30, with analysts and investors keen to evaluate its performance amid current economic conditions [1][2]. Industry Overview - The U.S. retail real estate market experienced a pullback in net absorption for shopping centers in Q3, leading to a slight negative shift [3]. - Negative net absorption totaled 0.26 million square feet, primarily driven by a decline of 1.8 million square feet in the southern region [4]. - Asking rents for U.S. shopping centers increased by 3.4% year over year, reaching $24.54 per square foot [4]. - New construction activity remains low, with only 11.1 million square feet under construction in a market with an inventory of 4.31 billion square feet, indicating minimal supply risk [5]. Company Performance Insights - FRT is expected to benefit from its portfolio of high-quality retail properties located in major coastal markets, which enhances its resilience and growth potential [6]. - The company has maintained high occupancy rates due to favorable demographics and a diverse tenant base, which contributes to stable rental income [7]. - FRT's strategic focus on mixed-use properties is likely to support its performance by attracting varied tenants and consumers [7]. Financial Projections - FRT's leasing rate is estimated at 95.4%, reflecting a 10 basis point increase sequentially, while rent per square foot is projected to grow by 3.6% year over year [9]. - The Zacks Consensus Estimate for quarterly revenues is $301.24 million, indicating a 5.11% increase from the previous year [9]. - Rental income from minimum rents is expected to reach $196.03 million, up from $187.30 million year-over-year, while rental income from cost reimbursements is projected at $57.51 million, an increase from $53.64 million [10]. - Interest expenses are estimated to increase by 3.5% year-over-year for the third quarter of 2024 [10]. Analyst Sentiment - Analysts have shown caution regarding FRT's activities in the upcoming quarter, with the Zacks Consensus Estimate for FFO per share remaining unchanged at $1.72, suggesting a 4.24% year-over-year increase [11]. - The current Earnings ESP for FRT is 0.00%, and it holds a Zacks Rank of 3, indicating a neutral outlook for potential surprises in FFO per share [12].
3 Incredibly Reliable High-Yield Stocks to Buy With $1,000 and Hold Forever
The Motley Fool· 2024-10-17 11:45
If you are looking for generous yields and reliable dividends, this trio of dividend stocks has you covered, with yields up to 5%. Finding attractive dividend yields while the S&P 500 index is offering a scant 1.2% yield is pretty hard, but it isn't impossible. One area to look at is real estate investment trusts (REITs), which as a group have a yield of 3.7%, using the Vanguard Real Estate Index ETF as an industry proxy. But you can do even better than that if you are picky, and you don't have to give up y ...
Federal Realty: A Dividend King Fit For Retirees
Seeking Alpha· 2024-10-04 12:30
Core Insights - The article discusses the ideal image of retirees enjoying their retirement, often depicted as individuals relaxing on a beach in a foreign country, symbolizing the rewards of their hard work [1] Group 1 - The author identifies as a contributing analyst for the iREIT+Hoya Capital investment group, focusing on dividend investing in quality blue-chip stocks, BDCs, and REITs [2] - The investment strategy emphasized is a buy-and-hold approach, prioritizing quality over quantity, with a goal to supplement retirement income through dividends within the next 5-7 years [2] - The author aims to assist lower and middle-class workers in building investment portfolios comprised of high-quality, dividend-paying companies, promoting financial independence [2]
Here's Why You Should Retain Federal Realty Stock for Now
ZACKS· 2024-09-26 16:31
Federal Realty (FRT) is poised to ride the growth curve on its properties' upscale locations with well-off communities and favorable demographics. Efforts to diversify its portfolio and strengthen its mixed-use assets, backed by a solid balance sheet, seem encouraging for long-term growth. However, higher e-commerce adoption and the choppiness in the job market raise concerns. What's Aiding Federal Realty? Federal Realty owns properties in the first-ring suburbs of the nine major metropolitan markets of the ...
Federal Realty Investment Trust Earns Dual Top Workplace Honors from The Washington Post and San Francisco Chronicle
Prnewswire· 2024-09-16 11:30
Best-in-class REIT ranks among best employers in both the Washington, D.C. and Greater Bay Areas NORTH BETHESDA, Md., Sept. 16, 2024 /PRNewswire/ -- Federal Realty Investment Trust (NYSE: FRT) has been named to both The Washington Post and The San Francisco Chronicle's prestigious 2024 Top Workplaces lists. These awards recognize Federal's leadership in fostering a workplace that prioritizes employee satisfaction, well-being, and long-term success. Based entirely on employee feedback, these honors underscor ...
Federal Realty Investment Trust (FRT) Bank of America 2024 Global Real Estate Conference (Transcript)
Seeking Alpha· 2024-09-10 20:17
Federal Realty Investment Trust (NYSE:FRT) Bank of America 2024 Global Real Estate Conference September 10, 2024 12:45 PM ET Company Participants Don Wood - CEO Dan Gee - CFO Leah Andress Brady - VP, IR Conference Call Participants Jeffrey Spector - Bank of America Jeffrey Spector Roundtable session with Federal Realty Investment Trust. I hope everyone had a good networking lunch, a little bit of coffee as we emerge for the afternoon sessions. To my right is Don Wood, CEO; and Dan Gee, CFO. And then Leah, I ...
3 Top Dividend Stocks to Buy in September
The Motley Fool· 2024-09-07 09:55
Looking for good dividend stocks? These three stocks easily top the S&P 500's average yield. Are you looking for dividends? That's a tough one today, given the market's shockingly low 1.3% or so yield. But if you are willing to look, and perhaps make some reasonable risk/reward trade-offs, you can find great companies with yields well above that of the S&P 500 index. Here's why you might want to consider adding Federal Realty Investment Trust (FRT -0.42%), Realty Income (O 0.11%), and Toronto-Dominion Bank ...