Federal Realty Investment Trust: Q1 Earnings Snapshot
By AP News
Published - May 04, 2023, 04:33 PM ET
Last Updated - Jun 21, 2023, 10:39 PM EDT
NORTH BETHESDA, Md. (AP) — NORTH BETHESDA, Md. (AP) — Federal Realty Investment Trust (FRT) on Thursday reported a key measure of profitability in its first quarter. The results topped Wall Street expectations.
The real estate investment trust, based in North Bethesda, Maryland, said it had funds from operations of $130.3 million, or $1.59 per share, in the period.
The average estimate of nine analysts surveyed by Zacks Investment Research was for funds from operations of $1.57 per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
