Federal Realty Investment Trust: Q3 Earnings Snapshot
By AP News
Published - Oct 30, 2024, 04:13 PM ET
Last Updated - Dec 16, 2024, 05:49 PM EST
NORTH BETHESDA, Md. (AP) — NORTH BETHESDA, Md. (AP) — Federal Realty Investment Trust (FRT) on Wednesday reported a key measure of profitability in its third quarter. The results fell short of Wall Street expectations.
The North Bethesda, Maryland-based real estate investment trust said it had funds from operations of $144.6 million, or $1.71 per share, in the period.
The average estimate of nine analysts surveyed by Zacks Investment Research was for funds from operations of $1.72 per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
