Core Insights - Federal Realty Investment Trust (FRT) reported revenue of $311.52 million for the quarter ended June 2025, reflecting a 5.2% increase year-over-year and a surprise of +0.27% over the Zacks Consensus Estimate of $310.7 million [1] - Earnings per share (EPS) for the quarter was $1.91, compared to $1.32 in the same quarter last year, resulting in an EPS surprise of +10.4% against the consensus estimate of $1.73 [1] Revenue Breakdown - Mortgage interest income was reported at $0.28 million, matching the average estimate from five analysts, with no change year-over-year [4] - Rental income from percentage rents was $3.35 million, which is -14.8% lower than the average estimate of $4.47 million from three analysts [4] - Other lease-related rental income was $5.02 million, significantly below the average estimate of $8.67 million, representing a year-over-year decline of -64.7% [4] - Total rental income was $302.48 million, slightly below the average estimate of $305.89 million, showing a year-over-year increase of +2.3% [4] - Cost reimbursement rental income was $59.27 million, compared to the average estimate of $60.46 million, reflecting a year-over-year increase of +6.5% [4] Stock Performance - Over the past month, shares of Federal Realty Investment Trust have returned -0.8%, while the Zacks S&P 500 composite has changed by +0.5% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Core Insights - Service Properties (SVC) reported revenue of $503.44 million for the quarter ended June 2025, reflecting a year-over-year decline of 1.9% [1] - The earnings per share (EPS) for the same period was $0.35, a significant improvement from -$0.45 a year ago [1] - The reported revenue exceeded the Zacks Consensus Estimate of $497.77 million by 1.14%, while the EPS surprise was 2.94% compared to the consensus estimate of $0.34 [1] Revenue Breakdown - Hotel operating revenues were $404.41 million, slightly above the average estimate of $397.67 million, but represented a year-over-year decline of 2% [4] - Rental income was reported at $99.03 million, which was below the average estimate of $100.12 million, showing a year-over-year decrease of 1.4% [4] Stock Performance - Over the past month, shares of Service Properties have returned +3.5%, outperforming the Zacks S&P 500 composite's +1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Core Insights - NNN REIT reported revenue of $226.5 million for the quarter ended June 2025, reflecting a year-over-year increase of 4.8% and surpassing the Zacks Consensus Estimate of $225.55 million by 0.42% [1] - The company's EPS for the quarter was $0.85, compared to $0.58 in the same quarter last year, indicating a significant improvement and an EPS surprise of 1.19% over the consensus estimate of $0.84 [1] Revenue Breakdown - Rental income was reported at $226.5 million, exceeding the four-analyst average estimate of $225.07 million, with a year-over-year change of +4.8% [4] - Interest and other income from real estate transactions was reported at $0.3 million, which fell short of the three-analyst average estimate of $0.59 million, representing a year-over-year decline of 54.8% [4] Stock Performance - Over the past month, shares of NNN REIT have returned -0.7%, while the Zacks S&P 500 composite has increased by 1% [3] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential for outperformance against the broader market in the near term [3]

Group 1 - Agree Realty (ADC) reported revenue of $175.53 million for the quarter ended June 2025, a year-over-year increase of 15.1% [1] - The earnings per share (EPS) for the same period was $1.06, compared to $0.52 a year ago, with no EPS surprise as the consensus estimate was also $1.06 [1][4] - The reported revenue exceeded the Zacks Consensus Estimate of $173.71 million by 1.05% [1] Group 2 - Rental income was reported at $175.4 million, surpassing the three-analyst average estimate of $169.93 million, reflecting a year-over-year change of +15.1% [4] - Operating cost reimbursement revenue was $19.38 million, exceeding the average estimate of $17.9 million based on two analysts, representing a year-over-year increase of 21.6% [4] - Other revenues were reported at $0.13 million, slightly above the estimated $0.1 million, but showed a year-over-year decline of 13.9% [4] Group 3 - Shares of Agree Realty have returned +1.2% over the past month, compared to the Zacks S&P 500 composite's +2.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Financial Performance - For the quarter ended June 2025, Phillips Edison & Company, Inc. (PECO) reported revenue of $177.75 million, reflecting a 10.1% increase year-over-year [1] - The earnings per share (EPS) for the quarter was $0.64, significantly up from $0.12 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $176.99 million, resulting in a surprise of +0.43% [1] - The company delivered an EPS surprise of +1.59%, with the consensus EPS estimate being $0.63 [1] Revenue Breakdown - Rental income was reported at $173.47 million, surpassing the average estimate of $172.41 million by two analysts, marking a year-over-year increase of +9.6% [4] - Other property income reached $0.97 million, exceeding the average estimate of $0.78 million, representing a year-over-year change of +37.2% [4] - Fees and management income amounted to $3.32 million, compared to the average estimate of $2.64 million, indicating a year-over-year increase of +31.5% [4] Stock Performance - Shares of Phillips Edison & Company have returned +1% over the past month, while the Zacks S&P 500 composite increased by +5.7% [3] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential outperformance against the broader market in the near term [3]

Core Insights - Equity Lifestyle Properties (ELS) reported a revenue of $376.87 million for the quarter ended June 2025, reflecting a year-over-year decline of 0.8% and a surprise of -2.89% compared to the Zacks Consensus Estimate of $388.1 million [1] - The earnings per share (EPS) for the same period was $0.69, which is an increase from $0.42 a year ago, aligning with the consensus EPS estimate [1] Revenue Breakdown - Interest income was reported at $2.2 million, below the estimated $2.33 million, representing a year-over-year decline of 9% [4] - Annual membership subscriptions generated $16.9 million, exceeding the average estimate of $16.47 million [4] - Income from other investments, net, was $2.08 million, lower than the estimated $2.47 million, showing a year-over-year decrease of 20.8% [4] - Rental income amounted to $313.29 million, slightly above the estimated $311.95 million, with a year-over-year increase of 4.2% [4] - Other income was reported at $16.47 million, close to the average estimate of $16.59 million, reflecting a year-over-year increase of 1.7% [4] - Membership upgrade sales for the current period grossed $3.12 million, below the average estimate of $4.11 million [4] Stock Performance - Shares of Equity Lifestyle Properties have returned -1.3% over the past month, contrasting with the Zacks S&P 500 composite's +5.4% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Core Insights - Federal Realty Investment Trust (FRT) reported a revenue of $309.15 million for the quarter ended March 2025, reflecting a 6.1% increase year-over-year and a surprise of +0.72% over the Zacks Consensus Estimate of $306.93 million [1] - The earnings per share (EPS) for the quarter was $1.70, significantly higher than the $0.66 reported in the same quarter last year, with an EPS surprise of +0.59% compared to the consensus estimate of $1.69 [1] Revenue Breakdown - Rental income was reported at $302.29 million, slightly below the estimated $305.73 million, marking a year-over-year increase of +3.9% [4] - Mortgage interest income remained stable at $0.28 million, matching the estimate but showing a -1.1% decline from the previous year [4] - Percentage rents from rental income were reported at $4.46 million, below the $4.70 million estimate, representing a -6.7% change year-over-year [4] - Cost reimbursement from rental income was $63.27 million, exceeding the estimated $57.62 million, with an increase of +11.9% compared to the year-ago quarter [4] - Other rental income was reported at $12.34 million, slightly below the $12.56 million estimate, showing a +0.9% change year-over-year [4] - Net Earnings Per Share (Diluted) was $0.72, surpassing the average estimate of $0.68 from five analysts [4] Stock Performance - Over the past month, shares of Federal Realty Investment Trust have returned +5.3%, while the Zacks S&P 500 composite has seen a +11.3% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Core Viewpoint - Federal Realty Investment Trust (FRT) is expected to report quarterly earnings of $1.69 per share, a 3.1% increase year-over-year, with revenues projected at $306.93 million, reflecting a 5.4% year-over-year growth [1]. Earnings Estimates - Over the last 30 days, the consensus EPS estimate has been revised downward by 0.5%, indicating a collective reassessment by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Projections - Analysts estimate 'Revenue- Rental income' to reach $305.73 million, a 5% year-over-year increase [5]. - 'Revenue- Rental income- Percentage rents' is projected at $4.70 million, indicating a decrease of 1.6% year-over-year [5]. - 'Revenue- Rental income- Cost reimbursement' is expected to be $57.62 million, reflecting a 1.9% year-over-year increase [5]. - 'Revenue- Rental income- Other' is anticipated to be $12.56 million, showing a 2.7% increase from the previous year [6]. Depreciation and Amortization - 'Depreciation and amortization' is projected to be $89.02 million, compared to $83.40 million reported in the same quarter last year [6]. Stock Performance - Over the past month, FRT shares have returned +9.3%, while the Zacks S&P 500 composite has changed by +11.5% [7]. - FRT holds a Zacks Rank 3 (Hold), suggesting its performance will likely align with the overall market in the near term [7].

Core Insights - CareTrust REIT reported revenue of $96.62 million for Q1 2025, a year-over-year increase of 53.2% [1] - The EPS for the same period was $0.42, compared to $0.22 a year ago [1] - The reported revenue was slightly below the Zacks Consensus Estimate of $96.85 million, resulting in a surprise of -0.24% [1] - The company experienced an EPS surprise of -2.33%, with the consensus EPS estimate being $0.43 [1] Revenue Breakdown - Rental income was reported at $71.65 million, exceeding the average estimate of $68.40 million by two analysts, representing a year-over-year increase of 33.9% [4] - Interest income from other real estate-related investments and other income was $22.17 million, slightly below the average estimate of $22.35 million, but showing a significant year-over-year increase of 131.7% [4] Stock Performance - CareTrust REIT shares returned +2.5% over the past month, while the Zacks S&P 500 composite experienced a -0.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Core Insights - Omega Healthcare Investors (OHI) reported revenue of $276.79 million for the quarter ended March 2025, marking a year-over-year increase of 13.8% [1] - The earnings per share (EPS) for the same period was $0.75, compared to $0.27 a year ago, indicating significant growth [1] - The reported revenue fell short of the Zacks Consensus Estimate of $291.43 million, resulting in a surprise of -5.02% [1] - The company met the consensus EPS estimate of $0.75, showing no surprise in this metric [1] Revenue Breakdown - Rental income was reported at $228.38 million, which is below the estimated $239.11 million, but represents a year-over-year increase of 12.4% [4] - Real estate tax and ground lease income was $3.80 million, compared to the estimated $4.41 million, reflecting a year-over-year increase of 2.3% [4] Stock Performance - Over the past month, shares of Omega Healthcare Investors have returned +3.1%, while the Zacks S&P 500 composite experienced a -0.7% change [3] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential outperformance against the broader market in the near term [3]