Earnings summaries and quarterly performance for FEDERAL REALTY INVESTMENT TRUST.
Executive leadership at FEDERAL REALTY INVESTMENT TRUST.
Board of directors at FEDERAL REALTY INVESTMENT TRUST.
Research analysts who have asked questions during FEDERAL REALTY INVESTMENT TRUST earnings calls.
Craig Mailman
Citigroup
4 questions for FRT
Also covers: AKR, BRX, COLD +15 more
Greg McGinniss
Scotiabank
4 questions for FRT
Also covers: BRX, COLD, EPRT +14 more
Juan Sanabria
BMO Capital Markets
4 questions for FRT
Also covers: AMH, BRX, CTRE +20 more
Michael Goldsmith
UBS
4 questions for FRT
Also covers: ADC, AHR, AMH +33 more
Michael Mueller
JPMorgan Chase & Co.
4 questions for FRT
Also covers: AKR, BRX, CBL +26 more
Alexander Goldfarb
Piper Sandler
3 questions for FRT
Also covers: ALEX, ALX, AVB +25 more
Ki Bin Kim
Truist Securities
3 questions for FRT
Also covers: ADC, AKR, BNL +20 more
Paulina Rojas Schmidt
Green Street Advisors
3 questions for FRT
Also covers: AKR, BRX, CURB +8 more
Dori Kesten
Wells Fargo & Company
2 questions for FRT
Also covers: APLE, BRX, DRH +14 more
Floris Gerbrand van Dijkum
Compass Point Research & Trading, LLC
2 questions for FRT
Also covers: AKR, ALX, APLE +14 more
Haendel St. Juste
Mizuho Financial Group
2 questions for FRT
Also covers: AAT, ADC, AIV +21 more
Jeffrey Spector
BofA Securities
2 questions for FRT
Also covers: AKR, AMH, AVB +25 more
Linda Yu Tsai
Jefferies Financial Group Inc.
2 questions for FRT
Also covers: ADC, AKR, BRX +11 more
Michael Griffin
Citigroup Inc.
2 questions for FRT
Also covers: AHR, ALX, ARE +32 more
Omotayo Okusanya
Deutsche Bank AG
2 questions for FRT
Also covers: AMH, ARE, BDN +40 more
Ravi Vaidya
Mizuho
2 questions for FRT
Also covers: AAT, CUBE, EXR +9 more
Steve Sakwa
Evercore ISI
2 questions for FRT
Also covers: ALX, AMH, AVB +31 more
Connor Mitchell
Piper Sandler & Co.
1 question for FRT
Also covers: BRX, CHCT, CPT +8 more
Cooper Clark
Wells Fargo
1 question for FRT
Also covers: APLE, AVB, BRX +16 more
Floris van Dijkum
Compass Point Research & Trading
1 question for FRT
Also covers: AKR, ALX, APLE +19 more
Linda Tsai
Jefferies
1 question for FRT
Also covers: ADC, AKR, AMH +31 more
Rich Hightower
Barclays
1 question for FRT
Also covers: ADC, AMH, AVB +18 more
Samir Khanal
Bank of America
1 question for FRT
Also covers: BRX, COLD, CUBE +16 more
Recent press releases and 8-K filings for FRT.
Federal Realty acquires Village Pointe in Omaha
FRT
M&A
- Federal Realty purchased Village Pointe, a 453,000 sq ft open-air lifestyle center in West Omaha, for $153.3 million, reinforcing its disciplined growth strategy.
- The center attracts approximately 6 million annual visits, serves a trade area of over 500,000 people, and sits in a submarket with 3-mile average household incomes above $180,000.
- Federal Realty plans to enhance merchandising, tenant mix, and leasing to drive near- and long-term growth, leveraging its proven platform demonstrated in prior acquisitions like Leawood, KS.
5 days ago
Federal Realty enters into $250M unsecured term loan facility
FRT
Debt Issuance
- On November 17, 2025, Federal Realty OP LP executed a Term Loan Agreement allowing up to $250 million of unsecured term loans (with an accordion feature up to $500 million), maturing January 31, 2031; no borrowings are outstanding as of the report date.
- Loans under the facility bear interest at SOFR or Base Rate plus an applicable margin; the current SOFR margin is 85 basis points.
- The agreement contains customary covenants and events of default, including restrictions on indebtedness, financial maintenance tests (e.g., leverage and coverage ratios), and a cross-default to other material debt.
- Affiliates of lenders may serve as underwriters or advisors for Federal Realty’s equity and debt offerings, potentially earning customary fees and commissions.
Nov 19, 2025, 10:32 PM
Federal Realty reports Q3 2025 earnings and strong leasing growth
FRT
Earnings
Guidance Update
M&A
- Record leasing performance: 727,000 sq ft of comparable space leased at $35.71/sq ft, delivering 28% higher annual cash rent on renewals and new deals—the strongest leasing quarter ever for the company.
- Q3 FFO per share of $1.77 topped guidance ($1.72–$1.77) and consensus estimates; 2025 FFO guidance raised to $7.05–$7.11 on a recurring basis (excludes one-time tax credits) and $7.20–$7.26 including credits.
- Strong liquidity and balance-sheet metrics: approximately $1.3 billion available, net debt/EBITDA of 5.6x, and $400 million of assets in the sale pipeline, with a long-term target debt/EBITDA in the low-to-mid-5x range.
- Strategic acquisitions: Closed on Annapolis Town Center for $187 million at a 7% unlevered yield; an additional $150 million acquisition is under contract to close in Q4.
Oct 31, 2025, 1:00 PM
Federal Realty reports Q3 2025 results
FRT
Earnings
Guidance Update
M&A
- Generated FFO of $1.77 per diluted share (up 3.5% YoY), net income of $59.6 million (EPS $0.69), and operating income of $110.7 million in Q3 2025.
- Signed 123 comparable leases totaling 727,029 sq ft with 28% cash-basis and 43% straight-line rent growth; delivered 4.4% comparable POI growth, 94.0% occupancy, and 95.7% leased rate.
- Expanded its portfolio with the acquisitions of Town Center Crossing & Town Center Plaza (552,000 sq ft for $289 million) and Annapolis Town Center (479,000 sq ft for $187 million).
- Raised full-year 2025 guidance to FFO $7.05–$7.11 per diluted share (excludes $0.15 NMTC income) and EPS $3.93–$3.99, underscoring disciplined growth.
Oct 31, 2025, 11:32 AM
Federal Realty reports Q3 2025 results
FRT
Earnings
Guidance Update
M&A
- Generated net income available for common shareholders of $0.69 per diluted share, compared to $0.70 in Q3 2024, and operating income of $110.7 million for the quarter.
- Delivered NAREIT funds from operations (FFO) of $1.77 per diluted share, a 3.5% increase year-over-year.
- Achieved record comparable leasing volume of 727,029 sq ft across 123 leases, with portfolio occupancy at 94.0% and leased rate at 95.7% as of September 30, 2025.
- Updated full-year 2025 guidance to $3.93–$3.99 EPS and raised FFO guidance to $7.05–$7.11 per diluted share (excluding $0.15 of one-time NMTC income).
- Announced acquisition of Annapolis Town Center (479,000 sq ft) for $187 million post-quarter end.
Oct 31, 2025, 11:30 AM
Federal Realty acquires Annapolis Town Center
FRT
M&A
- Federal Realty Investment Trust closed the $187 million acquisition of Annapolis Town Center, a 480,000 sq ft open-air shopping destination in Anne Arundel County, Maryland, on October 10, 2025.
- The center is anchored by Whole Foods and shadow-anchored by Target, includes a Life Time luxury athletic club, and features national retailers in an affluent, well-connected trade area.
- This deal advances Federal’s strategy of acquiring dominant, well-located retail assets with strong fundamentals and value-creation potential under its disciplined approach.
- Recent portfolio additions—such as Town Center Plaza and Town Center Crossing—have already delivered leasing momentum, with 10 leases totaling 80,000 sq ft executed or under negotiation since July 2025.
Oct 13, 2025, 11:30 AM
Federal Realty reports Q2 2025 results and raises guidance
FRT
Earnings
Guidance Update
M&A
- Federal reported FFO per share of $1.91 (including $0.15 of tax-credit income), or $1.76 ex-tax credit, beating consensus; comparable property-level operating income rose ~5% and leasing hit 644,000 sq ft, near a quarterly record.
- Issued 2025 FFO guidance of $7.16–$7.26 per share (or $7.01–$7.11 ex-tax credit), up ~4%–6.5% at the midpoint, and raised full-year comparable POI growth outlook to 3.25%–4%.
- Executing strategic portfolio moves: acquired 550,000 sq ft Town Center Plaza/Crossing in Leawood, KS, targeting two more accretive buys by year‐end; sold $143 M of assets in Q2 and is marketing $400 M+ more for disposition.
- Declared a $0.03 per-share quarterly dividend increase to $1.13, marking the 58th consecutive annual raise, a REIT industry record.
Aug 7, 2025, 3:00 PM
Federal Realty completes Kansas acquisition, advances capital allocation
FRT
M&A
New Projects/Investments
- Federal Realty acquired 550,000 sq ft of Town Center Plaza and Town Center Crossing in Leawood, KS, for $289 million as part of its expansion into a supply-constrained, high-growth market.
- The company sold its 181,000 sq ft Hollywood Boulevard retail portfolio for $69 million and the Levare Santana Row residential building for $74 million, recycling capital from mature assets.
- Construction began this summer on Lot 12 at Santana Row—a 258-unit residential project with an expected $145 million investment—while progress continues on a 45-unit New Jersey building and a 217-unit Pennsylvania project.
Jul 9, 2025, 8:05 PM
Federal Realty Sells Levare Apartments
FRT
M&A
- Federal Realty Investment Trust sold Levare, a 108-unit Class A residential building at Santana Row, San Jose, for $74 million.
- The property was 95% leased at the time of sale and is part of the company’s strategy to reallocate capital towards higher-return opportunities.
May 14, 2025, 11:30 AM
Federal Realty Investment Trust Reports Q1 2025 Earnings & Strategic Updates
FRT
Earnings
Share Buyback
Guidance Update
Executive Compensation
M&A
- Q1 2025 Financial Performance: Reported a strong quarter with FFO per share of $1.70, net income of $61.8 million ($0.72 per share vs. $0.66 previously) and operating income of $108.1 million, demonstrating robust operational results.
- Guidance Update: Maintained 2025 EPS guidance at $3.00–$3.12 while raising annual FFO guidance to $7.11–$7.23, reflecting midpoint growth of approximately 6%.
- Leasing & Operational Metrics: Achieved a comparable occupancy rate of 95.9% with the execution of 91 retail leases covering roughly 430,000 square feet of space.
- Strategic Financing: Launched a $300 million share repurchase program and refinanced a term loan—increased from $600M to $750M—with an extended maturity to March 2030.
- Acquisition: Completed the purchase of the Del Monte Shopping Center for $123.5 million.
- Governance Updates: Amended CFO Daniel Guglielmone’s severance agreement (effective May 7, 2025) and held the annual shareholder meeting featuring trustee elections and a vote on executive compensation.
May 8, 2025, 9:01 PM
Quarterly earnings call transcripts for FEDERAL REALTY INVESTMENT TRUST.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more