Bank of America Securities analyst Samir Khanal has reiterated their bullish stance on FRT stock, giving a Buy rating on May 4.
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Samir Khanal has given his Buy rating due to a combination of factors tied to Federal Realty’s improving growth outlook and risk profile. As prior headwinds from office leasing uncertainty, capitalized interest, and refinancing at higher rates fade, he expects the company to transition into a higher-growth phase, with projected core FFO expansion of roughly 6.5–6.8% in 2026–2027, placing it near the top of its shopping center REIT peers.
He also highlights both internal and external drivers that underpin this outlook, including steady rent escalations, healthy leasing spreads, and value-accretive capital recycling from asset sales into higher-yielding redevelopment and acquisition opportunities. In addition, he sees incremental upside from a sizable mixed-use and residential-over-retail pipeline that may not be fully captured in current NAV assessments, supporting his decision to maintain a Buy rating and leave the $125 price target unchanged.
In another report released on May 4, Ladenburg Thalmann & Co. also maintained a Buy rating on the stock with a $125.00 price target.