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FX.co ★ Federal Realty Q4 FFO Rises

Federal Realty Q4 FFO Rises

On Monday, Federal Realty Investment Trust (FRT) publicly announced that its Funds from Operations (FFO) for the fourth quarter had seen an increase. The total FFO for this period amounted to $134.9 million, or $1.64 per share, which is notably higher than last year's statistics of $129.0 million, or $1.58 per share.

However, the profits saw a decrease when compared to last year's numbers. They went down to $62.1 million, or $0.76 per share, from the previously recorded $113.7 million, or $1.40 per share.

The average estimation from analysts polled by Thomson Reuters was for a profit of $0.66 per share, a benchmark that the actual profits have surpassed.

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The overall revenue situation saw a positive progression, growing to $291.5 million, an increase from $280.05 million in the previous year.

As for their future expectations, Federal Realty Investment Trust forecasts an FFO per share ranging between $6.65 and $6.87. Simultaneously, they expect their earnings per share to be anywhere from $2.72 to $2.94 for the fiscal year 2024.

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