Federal Realty reports Q1 FFO $1.70, consensus $1.69

Reports Q1 revenue $309.15M, consensus $307.54M. “We started the year with strong operating results and are encouraged to see continuing elevated foot traffic across our properties,” said Donald C. Wood, Federal Realty’s (FRT) Chief Executive Officer. “Decades of experience have taught us how to insulate our portfolio against economic cycles and disruptive forces. With irreplaceable real estate and a high-quality, diverse tenant base in affluent markets, we are well positioned for continued growth and stability.”