Compared to Estimates, Federal Realty Investment Trust (FRT) Q3 Earnings: A Look at Key Metrics

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]