Federal Realty Investment Trust (FRT) Beats Q3 FFO and Revenue Estimates

Core Insights - Federal Realty Investment Trust (FRT) reported quarterly funds from operations (FFO) of $1.77 per share, exceeding the Zacks Consensus Estimate of $1.76 per share and up from $1.71 per share a year ago, representing an FFO surprise of +0.57% [1] - The company achieved revenues of $322.25 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 2.67% and increasing from $303.63 million year-over-year [2] - Federal Realty Investment Trust has outperformed consensus FFO estimates three times over the last four quarters [2] Financial Performance - The FFO for the previous quarter was $1.91 per share, which was a surprise of +10.4% compared to the expected $1.73 per share [1] - The current consensus FFO estimate for the upcoming quarter is $1.84, with projected revenues of $322.76 million, and for the current fiscal year, the estimate is $7.21 on $1.26 billion in revenues [7] Market Position - Federal Realty Investment Trust shares have declined approximately 15.3% since the beginning of the year, contrasting with the S&P 500's gain of 16% [3] - The Zacks Industry Rank places the REIT and Equity Trust - Retail sector in the top 37% of over 250 Zacks industries, indicating a favorable industry outlook [8] Future Outlook - The sustainability of the stock's price movement will largely depend on management's commentary during the earnings call and the trends in estimate revisions [3][4] - The estimate revisions trend for Federal Realty Investment Trust was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market [6]