FRT is poised to gain from upscale geographic locations of properties and a diversified tenant base focusing on essential retail and mixed-use assets.
Federal Realty Investment Trust has the longest streak of dividend increases in the real estate sector. The REIT invests in shopping center properties, with an increasing focus on mixed-use elements.
FRT's Q2, 2024 earnings report shows record FFO per share, strong leasing activity, and robust cash generation levels. FRT's balance sheet remains strong with declining debt ratios and increased fixed charge coverage, allowing for future growth and M&A activity. Despite trading at a premium to peers, FRT's combination of notable organic growth potential and more active M&A strategy, should continue to justify the valuation.
Federal Realty (FRT) experiences healthy leasing volume and higher occupancy in Q2.
Federal Realty Investment Trust. (NYSE:FRT ) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Brenda Pomar - Senior Director of Corporate Communications Donald Wood - Federal Chief Executive Officer Jeff Berkus - President and Chief Operating Officer Dan Gee - Executive Vice President, Chief Financial Officer and Treasurer Jan Sweetnam - Executive Vice President, Chief Investment Officer Wendy Sear - Executive Vice President, Eastern Region President Conference Call Participants Juan Sanabria - BMO Dori Kesten - Wells Fargo Michael Goldsmith - UBS Steve Sakwa - Evercore Greg McGinniss - Scotiabank Alexander Goldfarb - Piper Sandler Jeffrey Spector - Bank of America Michael Mueller - JPMorgan Craig Mailman - Citi.
While the top- and bottom-line numbers for Federal Realty Investment Trust (FRT) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Federal Realty Investment Trust (FRT) came out with quarterly funds from operations (FFO) of $1.69 per share, beating the Zacks Consensus Estimate of $1.68 per share. This compares to FFO of $1.67 per share a year ago.
Get a deeper insight into the potential performance of Federal Realty Investment Trust (FRT) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Federal Realty's (FRT) second-quarter results are likely to gain from the healthy demand for its retail assets, though higher interest expenses act as dampener.
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A solid tenant roster and the redevelopment/expansion of mixed-use assets are likely to support Federal Realty (FRT). However, e-commerce adoption and high interest rates are concerning.
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