Federal Realty's (FRT) Q2 FFO & Revenues Beat, Dividend Hiked

Federal Realty Investment Trust's (FRT) second-quarter 2024 funds from operations (FFO) per share of $1.69 surpassed the Zacks Consensus Estimate of $1.68. The figure marked a rise of 1.2% from the year-ago quarter's tally of $1.67. Results reflect healthy leasing activity and better-than-expected growth in revenues. The retail REIT also tightened and raised its guidance for 2024 FFO per share and announced a hike in the dividend. Quarterly revenues of $296.1 million outpaced the consensus mark of $292.9 mi ...