Federal Realty Investment Trust(US:FRT) Prnewswire·2025-10-31 11:30Core Insights - Federal Realty Investment Trust reported a net income of $59.6 million for Q3 2025, with earnings per diluted share at $0.69, slightly down from $0.70 in Q3 2024 [3][6] - The company achieved a record leasing volume of 727,029 square feet, with rent growth of 28% on a cash basis and 43% on a straight-line basis [6][8] - Federal Realty's FFO for Q3 2025 was $153.0 million, or $1.77 per diluted share, compared to $144.6 million, or $1.71 per diluted share in Q3 2024, marking a 3.5% increase [4][6] Financial Results - Net income available for common shareholders for Q3 2025 was $59.6 million, compared to $58.9 million in Q3 2024 [3][18] - FFO for Q3 2025 was $153.0 million, an increase from $144.6 million in Q3 2024 [4][19] - Total revenue for Q3 2025 was $322.3 million, up from $303.6 million in Q3 2024 [18] Operational Update - The residential leased rate was 96.0% as of September 30, 2025 [5] - Comparable portfolio occupancy was 94.0%, up 40 basis points sequentially and 20 basis points year-over-year [7] - The company signed 132 leases totaling 774,890 square feet during Q3 2025, with an average rent of $35.71 per square foot, compared to $27.85 under prior leases [8] Transaction Activity - Federal Realty announced the acquisition of Annapolis Town Center for $187 million, totaling 479,000 square feet [6][22] - The company declared a regular quarterly cash dividend of $1.13 per common share, resulting in an indicated annual rate of $4.52 per common share [9][10] 2025 Guidance - The company updated its 2025 earnings per diluted share guidance to $3.93 - $3.99, and raised its FFO per diluted share guidance to $7.05 - $7.11 [11][12]