Federal Realty Investment Trust Reports Q2 2026 Results and Raises Guidance
Federal Realty Investment Trust (FRT) reported its financial results for the second quarter ended June 30, 2026. Despite a year-over-year decline in net income per diluted share due to lower gains on real estate sales and absence of one-time tax benefits from last year, FRT achieved strong Core funds from operations (FFO) growth of $1.88 per diluted share—a 6.8% increase compared to the prior year. The company signed a record number of retail leases with significant rent growth and reported high portfolio occupancy rates. FRT also completed an acquisition in Alexandria, Virginia for $19.7 million and sold two properties during Q2 for $66.1 million combined. Additionally, it raised its quarterly dividend by 3%, continuing its streak of consecutive annual increases since 1968. Management introduced long-term growth targets through 2028 at an Investor Day event hosted in July.
Tickers: $FRT