Federal Realty Investment Trust reports results for the quarter ended in March - Earnings Summary

• Federal Realty Investment Trust FRT reported quarterly adjusted earnings of 66 cents​​ per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of 65 cents. The mean expectation of eight analysts for the quarter was for earnings of 67 cents per share. Wall Street expected results to range from 63 cents to 70 cents per share.

• Revenue rose 6.8% to $291.32 million from a year ago; analysts expected $290.17 million.

• Federal Realty Investment Trust's reported EPS for the quarter was 66 cents​.

• The company reported quarterly net income of $54.73 million.

• Federal Realty Investment Trust shares had risen by 2.7% this quarter and gained 1.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.2% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the commercial reits peer group is also "buy"

Wall Street's median 12-month price target for Federal Realty Investment Trust is $111.00

This summary was machine generated from LSEG data May 3 at 12:51 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)