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Federal Realty (FRT)
NYSE:FRT
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.73Last Year’s EPS
1.32Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: 1.48%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Positive
Federal Realty demonstrated strong financial and operational performance in Q1 2025, with high occupancy rates, robust leasing activity, and strong consumer traffic. However, the company faces challenges from economic uncertainty, tariff impacts, and higher property expenses. Despite these challenges, the overall sentiment is positive due to the company's resilience and proactive strategies.Company Guidance
During the Federal Realty Investment Trust's Q1 2025 earnings call, the company provided guidance with several key metrics. The trust reported a strong quarter with earnings per share of $1.70, exceeding consensus and internal expectations. They maintained a high leased occupancy rate of 95.9%, with a rental revenue increase of 6% year-over-year and property operating income up by almost 5%. The foot traffic at properties in the Washington DC MSA increased by 6%, Santana Row by 3%, and Boston by 11%. The trust executed 91 retail leases totaling 430,000 square feet and projected FFO per share for 2025 to be between $7.11 and $7.23, reflecting around 6% growth at the midpoint. They expect comparable property operating income growth of 3% to 4% for the year and anticipate occupancy to reach the mid-94% range by year-end. Furthermore, they highlighted a strong balance sheet with $1.5 billion in liquidity and a leverage ratio of 5.7 times, aiming to further reduce it to below 5.5 times. The company also authorized a $300 million share repurchase program, underscoring their strategic capital allocation priorities amidst market uncertainties.Strong Q1 Financial Performance
Federal Realty reported NAREIT FFO per share of $1.70 for Q1 2025, at the top end of guidance, representing nearly 4% growth year-over-year. Revenues increased by 6%, and Property Operating Income (POI) was up nearly 5%.
High Occupancy and Leasing Success
The comparable portfolio ended Q1 at 95.9% leased, 160 basis points higher than the previous year. The company executed 91 retail leases, representing 430,000 square feet, indicating strong tenant demand and successful leasing activities.
Resilient Consumer Traffic
Year-over-year foot traffic increased by 6% in Washington DC, 3% at Santana Row, and 11% in Boston, demonstrating strong consumer engagement at Federal Realty's properties.
Robust Office Leasing
Executed 118,000 square feet of office leases in Q1, including new deals at Santana West and Pike & Rose, with rents exceeding $50 per square foot, indicating strong demand in the office segment.
Healthy Financial Position
Improved liquidity position to roughly $1.5 billion, with leverage metrics improving, including a net debt to EBITDA of 5.7 times, down from 6 times the previous year.
FRT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FRT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2025 | $95.23 | $93.50 | -1.82% |
Feb 13, 2025 | $110.56 | $103.85 | -6.07% |
Oct 30, 2024 | $111.86 | $108.52 | -2.99% |
Aug 01, 2024 | $109.38 | $109.07 | -0.28% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Federal Realty (FRT) report earnings?
Federal Realty (FRT) is schdueled to report earning on Jul 30, 2025, TBA Not Confirmed.
What is Federal Realty (FRT) earnings time?
Federal Realty (FRT) earnings time is at Jul 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FRT EPS forecast?
FRT EPS forecast for the fiscal quarter 2025 (Q2) is 0.73.