Truist Financial analyst Ki Bin Kim has maintained their bullish stance on FRT stock, giving a Buy rating today.
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Ki Bin Kim has given his Buy rating due to a combination of factors that highlight the underlying strength of Federal Realty’s operations despite a temporary earnings miss. While the 2025 FFO per share guidance fell short of expectations, the miss is largely attributed to timing and accounting factors related to redevelopment projects and capitalized interest, which are expected to improve over time.
Kim noted that the company’s core operating metrics, including leasing volumes, same-store net operating income (SSNOI) growth, and leasing spreads, remain robust and align with recent trends. This suggests stability and strength in the company’s core operations. Additionally, the potential for a share price dip presents a strategic opportunity for investors to enter at an attractive valuation, with an implied cap rate of approximately 6%.
According to TipRanks, Bin Kim is a 5-star analyst with an average return of 9.3% and a 63.58% success rate. Bin Kim covers the Real Estate sector, focusing on stocks such as Prologis, Americold Realty, and Acadia Realty.
In another report released today, BMO Capital also maintained a Buy rating on the stock with a $120.00 price target.