Federal Realty Investment Trust: Q2 Earnings Snapshot
By AP News
Published - Aug 02, 2024, 02:20 AM ET
Last Updated - Aug 02, 2024, 02:20 AM EDT
NORTH BETHESDA, Md. (AP) — NORTH BETHESDA, Md. (AP) — Federal Realty Investment Trust (FRT) on Thursday reported a key measure of profitability in its second quarter. The results exceeded Wall Street expectations.
The real estate investment trust, based in North Bethesda, Maryland, said it had funds from operations of $141.3 million, or $1.69 per share, in the period.
The average estimate of nine analysts surveyed by Zacks Investment Research was for funds from operations of $1.68 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.
