The company delivered solid financial results in Q1 2025 with a 6 cent increase in EPS year-over-year, a strong FFO of $1.70 per share, and increased occupancy and leasing activity.
Federal Realty Investment Trust reported a net income of $63,461,000 for the three months ended September 30, 2024, a 6.9% increase from the previous year. Operating income also saw a notable rise of 5.7% to $105,832,000. The company's revenue increased by 5.9% to $303,633,000, primarily due to higher rental rates and recent acquisitions. Despite increased expenses, the company maintained strong occupancy and leasing rates.
Federal Realty Investment Trust announced strong operating results for the second quarter ended June 30, 2024. The company reported a significant increase in net income available for common shareholders and a rise in FFO per diluted share compared to the same period last year. Key highlights include record comparable retail square footage signed, strong comparable property operating income growth, and increased portfolio occupancy.
Federal Realty Investment Trust reported a strong first quarter for 2024, with net income available for common shareholders increasing to $54.7 million and diluted EPS at $0.66. The company achieved record leasing levels for comparable retail space and saw an increase in FFO per diluted share to $1.64. Occupancy and leased rates remained high, and the company tightened its 2024 earnings and FFO guidance upwards.