Federal Realty beats Q2 FFO estimate of $1.88 per share

FRT Federal Realty Investment Trust

$108.72 -0.15%

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1. 1Federal Realty Investment Trust (FRT) announced Friday that its second-quarter funds from operations (FFO) exceeded Wall Street expectations.
2. 2FFO totaled $162.8 million ($1.88 per share), net income was $83.7 million ($0.97 per share), and revenue came in at $335.7 million.
3. 3Analysts had expected FFO of $1.85 per share and revenue of $333.5 million; the company's full-year FFO guidance stands at $7.48–$7.56 per share.

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