Federal Realty Investment Trust Reports Q3 Earnings Beat and Provides Core FFO Guidance
Federal Realty Investment Trust (FRT) reported a strong third quarter, with earnings per share reaching $1.87. This result exceeded internal company expectations and represents an approximate 6% increase compared to the same period last year. The company is currently focused on integrating its recent $508 million acquisition of The Summit. Looking ahead, management has provided core Funds From Operations (FFO) guidance in the range of $7.54 to $7.58 per share.
Tickers: $FRT
Topics: earnings report quarterly results REIT