Is Federal Realty Stock Underperforming the S&P 500?

Core Insights - Federal Realty Investment Trust (FRT) is valued at a market cap of $8.6 billion and specializes in high-quality retail and mixed-use properties [1] - The company has a 58-year streak of consecutive annual dividend increases, earning it the title of a "Dividend King" in the REIT industry [2] Stock Performance - FRT shares have retreated 16.1% from their 52-week high of $118.09 recorded on November 29 [3] - Year-to-date, FRT shares have slumped 11.5%, underperforming the S&P 500 Index's 12.9% gains [4] - Over the past 52 weeks, FRT stock has fallen 13.8%, compared to the S&P 500 Index's 15.8% gain [4] Financial Results - In Q2, Federal Realty reported funds from operations of $1.91 per share, exceeding the consensus estimate of $1.73 [5] - The company reported net income of $153.9 million or $1.78 per share, and revenue of $311.5 million, slightly above the projected $310.7 million [5] - For the full year, Federal Realty expects funds from operations between $7.16 and $7.26 per share [5]