Federal Realty Investment Trust (FRT) Up 6% Since Last Earnings Report: Can It Continue?

Zacks11-30

A month has gone by since the last earnings report for Federal Realty Investment Trust (FRT). Shares have added about 6% in that time frame, outperforming the S&P 500. Will the recent positive trend ...

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Shares have added about 6% in that time frame, outperforming the S&P 500.\nWill the recent positive trend ...</p>\n\n<a href=\"https://finance.yahoo.com/news/federal-realty-investment-trust-frt-163150894.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Federal Realty Investment Trust (FRT) Up 6% Since Last Earnings Report: Can It Continue?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFederal Realty Investment Trust (FRT) Up 6% Since Last Earnings Report: Can It Continue?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-30 00:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/federal-realty-investment-trust-frt-163150894.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A month has gone by since the last earnings report for Federal Realty Investment Trust (FRT). Shares have added about 6% in that time frame, outperforming the S&P 500.\nWill the recent positive trend ...</p>\n\n<a href=\"https://finance.yahoo.com/news/federal-realty-investment-trust-frt-163150894.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"REGCO","symbol_name":"REGENCY CENTERS CORP 5.875% CUM RED SER B PFD SHS","start_time":0,"source_url":"https://finance.yahoo.com/news/federal-realty-investment-trust-frt-163150894.html","article_id":"2487598114","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/QOfludHza1dTKV8R6Coeiw--~B/aD02MDE7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/48ad4265c55e3ba7a1fb9148d6e717d9"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2487598114","pubTimestamp":1732897910,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"A month has gone by since the last earnings report for Federal Realty Investment Trust . Shares have added about 6% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Federal Realty Investment Trust due for a pullback?Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.Federal Realty's Misses Q3 Estimates, Revises '24 Guidance. Federal Realty Investment Trust’s third-quarter 2024 FFO per share of $1.71 narrowly missed the Zacks Consensus Estimate of $1.72. However, this marked a rise of 3.6% from the year-ago quarter’s tally of $1.65.Results reflected healthy leasing activity and significant occupancy gains at its properties. However, higher interest expenses played spoilsport. Federal Realty has also tightened and increased its guidance for 2024 FFO per share.Federal Rea","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"REGCO":"REGENCY CENTERS CORP 5.875% CUM RED SER B PFD SHS","FRT":"FRT信托","REG":"Regency Centers Corp","REGCP":"REGENCY CENTERS CORP 6.25% CUM RED SER A PFD SHS"},"translate_title":"联邦房地产投资信托基金(FRT)自上次收益报告以来上涨6%：还能继续吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FRT":1,"US10Y.BOND":1,"US12M.BOND":1,"US2Y.BOND":1,"US30Y.BOND":1,"US3Y.BOND":1,"US5Y.BOND":1,"US6M.BOND":1,"US7Y.BOND":1,"REG":0.9,"REGCO":0.9,"REGCP":0.9},"content_text":"A month has gone by since the last earnings report for Federal Realty Investment Trust (FRT). Shares have added about 6% in that time frame, outperforming the S&P 500.\nWill the recent positive trend continue leading up to its next earnings release, or is Federal Realty Investment Trust due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. \nFederal Realty's Misses Q3 Estimates, Revises '24 Guidance\nFederal Realty Investment Trust’s third-quarter 2024 FFO per share of $1.71 narrowly missed the Zacks Consensus Estimate of $1.72. However, this marked a rise of 3.6% from the year-ago quarter’s tally of $1.65.\nResults reflected healthy leasing activity and significant occupancy gains at its properties. However, higher interest expenses played spoilsport. Federal Realty has also tightened and increased its guidance for 2024 FFO per share.\nQuarterly revenues of $303.6 million exceeded the consensus mark of $301.2 million and improved 5.9% from the year-ago quarter’s tally. Federal Realty generated 2.9% comparable property operating income growth.\nBehind Federal Realty’s Headlines\nIn terms of leasing, during the reported quarter, Federal Realty signed 129 leases for 592,527 square feet of retail space. On a comparable space basis, the company signed 126 leases for 580,977 square feet of space at an average rent of $34.94 per square foot. This denotes cash-basis rollover growth of 14% and 26% on a straight-line basis.\nOn the operational front, the portfolio occupancy rate increased 90 bps quarter over quarter and 170 basis points year over year to 94% as of Sept. 30, 2024.\nThe portfolio was 95.9% leased as of the same date, a 60 bps increase quarter over quarter and 190 basis points year over year. Moreover, Federal Realty’s residential properties were 97.5% leased as of the same date.\nSustained robust leasing activity for small shops resulted in a quarter-ending lease rate of 93.1%, marking an increase of 60 bps quarter over quarter and 240 basis points year over year. Moreover, the anchor tenant leased rate was 97.3%, denoting a rise of 60 bps quarter over quarter and 150 bps year over year.\nMoreover, Federal Realty registered comparable property operating income growth of 2.9% for the third quarter. This is exclusive of lease termination fees and prior-period rents collected.\nDuring the third quarter, Federal Realty acquired Pinole Vista Crossing in Pinole, CA, a grocery-anchored shopping center comprising 216,000 square feet on 19 acres of land, for a purchase price of $60 million. The move expands the company's presence in Northern California's East Bay sub-market.\nFederal Realty exited the third quarter of 2024 with cash and cash equivalents of $97.0 million, down from $103.2 million recorded at the end of the second quarter of 2024.\nFederal Realty’s Guidance\nFor 2024, Federal Realty revised its guidance for FFO per share in the range of $6.76-$6.86 from the $6.70-$6.88 range guided earlier.\nHow Have Estimates Been Moving Since Then?\nIn the past month, investors have witnessed a downward trend in estimates review.\nVGM Scores\nCurrently, Federal Realty Investment Trust has a subpar Growth Score of D, though it is lagging a bit on the Momentum Score front with an F. Charting a somewhat similar path, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy.\nOverall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.\nOutlook\nEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Federal Realty Investment Trust has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.\nPerformance of an Industry Player\nFederal Realty Investment Trust belongs to the Zacks REIT and Equity Trust - Retail industry. Another stock from the same industry, Regency Centers (REG), has gained 6.3% over the past month. More than a month has passed since the company reported results for the quarter ended September 2024.\nRegency Centers reported revenues of $360.27 million in the last reported quarter, representing a year-over-year change of +9%. EPS of $0.54 for the same period compares with $1.02 a year ago.\nRegency Centers is expected to post earnings of $1.06 per share for the current quarter, representing a year-over-year change of +3.9%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.5%.\nRegency Centers has a Zacks Rank #2 (Buy) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of F.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nFederal Realty Investment Trust (FRT) : Free Stock Analysis Report\nRegency Centers Corporation (REG) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2487598114"}