Federal Realty Investment Trust(FRT)

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Seeking Clues to Federal Realty Investment Trust (FRT) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics
Zacks Investment Research· 2024-05-01 14:21
Wall Street analysts forecast that Federal Realty Investment Trust (FRT) will report quarterly earnings of $1.65 per share in its upcoming release, pointing to a year-over-year increase of 3.8%. It is anticipated that revenues will amount to $287.13 million, exhibiting an increase of 5.2% compared to the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 0.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a w ...
What's in Store for Federal Realty (FRT) This Earnings Season?
Zacks Investment Research· 2024-04-30 16:01
Federal Realty Investment Trust (FRT) , a leading real estate investment trust (REIT) focused on retail properties, is set to report its first-quarter 2024 results on May 2 after market close. In anticipation of the announcement, industry analysts and investors are eager to assess the company's performance and prospects in the current economic climate.In the last reported quarter, this retail REIT came up with an FFO per share of $1.64, which was in line with the Zacks Consensus Estimate. Results reflected ...
Worried About Inflation? These 2 Dividend Growth Stocks Can Help You Beat It for Decades to Come
The Motley Fool· 2024-04-27 09:53
Inflation is proving tougher to control than experts expected. Here are two great ways to outpace inflation in your portfolio.If you're an income investor, inflation can be your worst enemy. However, there are some excellent stocks with multidecade track records of increasing their payout every year, and faster than the rate of inflation. In this video, you'll hear about two great dividend growth stocks -- including one that has a 56-year record of consecutive dividend raises -- that could help your portfol ...
Federal Realty Investment Trust Announces First Quarter 2024 Earnings Release Date and Conference Call Information
Prnewswire· 2024-04-09 20:30
N. BETHESDA, Md., April 9, 2024 /PRNewswire/ -- Federal Realty Investment Trust (NYSE: FRT) will announce first quarter 2024 earnings in a press release to be issued after market close on Thursday, May 2, 2024. The Company will host a conference call on Thursday, May 2 at 5:00 PM ET. Event: Federal Realty Investment Trust's First Quarter 2024 Earnings Conference Call When: 5:00 PM ET, Thursday, May 2, 2024 Live Webcast: FRT First Quarter 2024 Earnings Conference Call or www.federalrealty.com Dial #: 1-877 ...
Federal Realty Investment: Attractive Moment To Enter This Dividend King
Seeking Alpha· 2024-04-02 20:17
Art WagerFederal Realty Investment Trust (NYSE:FRT) is a fully integrated U.S. retail REIT with a market cap of over $8.5 billion and a remarkable history of paying consistent dividends for more than 50 years in a row. FRT's track-record, dividend king status and the focus on defensive cash flows render the REIT an attractive investment case that should at least be considered for yield-chasing investors who do not want to necessarily sacrifice margin of safety for extra basis points in yield. It should ...
Federal Realty Investment: A Top-Of-Class REIT With A 4.3% Yield
Seeking Alpha· 2024-03-16 14:48
designer491 Federal Realty Investment Trust (NYSE:FRT) is a top choice for a passive income investors that value visibility of FFO and dividend growth as well as long-term appreciation potential. Federal Realty Investment is one of the oldest U.S.-focused real estate investment trusts in the United States that has delivered consistently strong results for shareholders in terms of FFO growth, independent of the underlying economic environment. Federal Realty Investment has a proven track record over more tha ...
Federal Realty Investment Trust (FRT) Management Presents at Citi's 2024 Global Property CEO Conference (Transcript)
2024-03-05 22:20
Federal Realty Investment Trust (NYSE:FRT) Citi's 2024 Global Property CEO Conference Transcript March 5, 2024 2:10 PM ET Executives Don Wood - Chief Executive Officer Dan Guglielmone - Chief Financial Officer, Jeff Berkes - President and COO Analysts Craig Mailman - Citi Nick Joseph - Citi Craig Mailman Good afternoon, everyone. Welcome to Citi's 2024 Global Property CEO Conference. I'm Craig Mailman joined with Nick Joseph from Citi Research and we're pleased to have with us Federal Realty and CEO, Don Wo ...
Federal Realty Investment Trust(FRT) - 2023 Q4 - Earnings Call Transcript
2024-02-13 02:07
Financial Data and Key Metrics Changes - The company reported FFO per share of $1.64 for Q4 2023 and $6.55 for the year, representing increases of 3.8% and 3.6% respectively compared to 2022 [12][22][36] - The comparable POI growth was 4% for Q4 and 3.2% for the year, with cash basis growth at 5.2% for Q4 and 4.7% for the year [36] - The company expects FFO per share for 2024 to be in the range of $6.65 to $6.87, indicating over 3% growth at the midpoint [7][8] Business Line Data and Key Metrics Changes - Retail leasing saw strong performance with 100 comparable retail deals completed in Q4, achieving a 12% rollover on a cash basis and 23% on a straight-line basis [15] - The residential portfolio reported same-store POI growth of 5.8% in Q4, with revenue growth of 6% [36] - The overall portfolio was 94.2% leased at year-end, with anchors at 96% and shop space at 90.7% [16] Market Data and Key Metrics Changes - The company noted that demand continues to exceed supply for high-quality assets in suburban areas, with no significant new supply expected [13] - The average in-place rents portfolio-wide were $31.60 per foot, with comparable retail deals in Q4 at $44.57 per foot [14] - The residential and office products in mixed-use properties outperformed competing supply, standing at 96% leased [18] Company Strategy and Development Direction - The company plans to expand its residential offerings, with a new project at Bala Cynwyd Shopping Center adding 217 residential units and additional retail space [20][21] - The focus remains on redevelopment and expansion, with a pipeline expected to contribute an additional $9 million to $12 million of POI in 2024 [25] - The management expressed optimism about future acquisitions, anticipating a better year for acquisitions in 2024 as the market stabilizes [49][51] Management's Comments on Operating Environment and Future Outlook - Management highlighted the strong fundamentals of the business, emphasizing that higher interest rates should not overshadow the underlying performance [19] - The company expects continued upward adjustments in rents, particularly in affluent areas where customers can absorb higher costs [19] - Management noted that the leasing environment remains competitive, with tenants seeking high-quality spaces with amenities [74] Other Important Information - The company refinanced $600 million in bond maturities, improving its liquidity position to over $1.3 billion [29] - The leverage metrics remain strong, with a net debt to EBITDA ratio of 5.9 times, expected to improve to 5.5 times by 2025 [29] Q&A Session Summary Question: Can you discuss the office leasing momentum and prospects for 2024? - Management indicated they are close to signing a large tenant lease at Santana West, which would significantly increase occupancy [5] Question: What are the expectations for rent growth in 2024? - Management expects to push rents higher due to strong demand and limited supply, with a focus on maintaining landlord-friendly lease terms [45] Question: Can you elaborate on acquisition opportunities for 2024? - Management expressed optimism about increased acquisition opportunities in 2024, as many sellers are expected to enter the market [51] Question: What are the trends in retail tenant demand? - Management noted that Q4 leasing volumes were affected by timing, but the overall pipeline remains strong, with expectations for continued growth [54] Question: How is the company addressing construction costs? - Management reported improved predictability in construction costs, particularly on the labor side, which is beneficial for future projects [90]
Federal Realty Investment Trust(FRT) - 2023 Q4 - Annual Report
2024-02-11 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO THE SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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 REALTY INVESTM ...
Federal Realty Investment Trust(FRT) - 2023 Q3 - Earnings Call Transcript
2023-11-03 01:04
Federal Realty Investment Trust (NYSE:FRT) Q3 2023 Earnings Conference Call November 2, 2023 5:00 PM ET Company Participants Leah Brady - Vice President, Investor Relations Donald Wood - Chief Executive Officer Dan Guglielmone - Executive Vice President, Chief Financial Officer and Treasurer Jeff Berkes - President and Chief Operating Officer Wendy Seher - Executive Vice President, Eastern Region President Conference Call Participants Alexander Goldfarb - Piper Sandler Steve Sakwa - Evercore ISI Juan Sanabr ...