Real estate is one of the most cyclical businesses on the planet. Among the different property types, everything from social changes to macroeconomic reshaping can affect the demand curve of just about everything. Over the years, asset classes haveAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receivin ...

财务表现 - 2025年第二季度每股运营资金(FFO)为1.91美元，超过Zacks共识预期的1.73美元，较去年同期的1.69美元增长13% [1] - 季度营收达3.115亿美元，超出共识预期的3.107亿美元，同比增长5.2% [2] - 可比物业运营收入(POI)增长4.9%，剔除租赁终止费和前期租金收入 [2] - 现金及现金等价物从3月31日的1.092亿美元增至1.77亿美元 [6] 租赁与运营 - 签署122份零售空间租赁合同，总面积653,366平方英尺，可比空间平均租金达37.98美元/平方英尺 [3] - 现金基础租金滚动增长10%，直线基础增长21% [3] - 可比投资组合入住率同比上升70个基点至93.5%，出租率达95.5% [4] - 小型商铺租赁率同比提升90个基点至93.4%，但住宅物业出租率下降70个基点至96.9% [5] 投资组合活动 - 启动Santana Row地块12的258单元住宅项目开发，总投资约1.45亿美元 [7] - 以6900万美元出售洛杉矶好莱坞大道10.8万平方英尺零售物业 [7] - 以7400万美元处置Santana Row的108单元住宅楼Levare [7] 业绩指引 - 上调2025年FFO每股预期至7.16-7.26美元，较此前7.11-7.23美元区间提高，中点增长6% [8] - 新指引包含每股0.15美元的新市场税收抵免(NMTC)交易收入 [8] 股息政策 - 季度现金股息提升3%至每股1.13美元，年化股息率达4.52美元/股 [11] - 实现连续58年股息增长，创行业纪录 [11] 同业表现 - Regency Centers(REG)第二季度FFO每股1.16美元，超预期且同比增长9.4% [13] - Kimco Realty(KIM)第二季度FFO每股0.44美元，超预期且同比增长7.3% [14]

For the quarter ended June 2025, Federal Realty Investment Trust (FRT) reported revenue of $311.52 million, up 5.2% over the same period last year. EPS came in at $1.91, compared to $1.32 in the year-ago quarter.The reported revenue represents a surprise of +0.27% over the Zacks Consensus Estimate of $310.7 million. With the consensus EPS estimate being $1.73, the EPS surprise was +10.4%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations ...

Federal Realty Investment Trust (FRT) Q2 2025 Earnings Call August 06, 2025 05:00 PM ET Company ParticipantsJill Sawyer - SVP - IRDonald Wood - President, CEO & DirectorWendy Seher - EVP, Eastern Region President & Chief Operating OfficerGreg Mcginniss - DirectorMichael Griffin - DirectorJuan Sanabria - Managing DirectorRich Hightower - MD - U.S. REIT ResearchSamir Khanal - Director - US REITsCooper Clark - VP - Equity ResearchJan Sweetnam - EVP, Chief Investment OfficerRavi Vaidya - Vice PresidentKi Bin Ki ...

Federal Realty Investment Trust (FRT) Q2 2025 Earnings Call August 06, 2025 05:00 PM ET Speaker0Good afternoon, and welcome to the Federal Realty Investment Trust Second Quarter twenty twenty five Earnings Conference Call. All participants will be in listen only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by 0. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then 1 on your telephone ...

Table of Contents Maryland (Federal Realty Investment Trust) 87-3916363 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO THE SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-07533 (Federal Realty Investment Trust) Commission file number: 3 ...

FEDERAL REALTY INVESTMENT TRUST SUPPLEMENTAL INFORMATION June 30, 2025 TABLE OF CONTENTS | 1 | Second Quarter 2025 Earnings Press Release | 3 | | --- | --- | --- | | 2 | Financial Highlights | | | | Consolidated Income Statements | 8 | | | Consolidated Balance Sheets | 9 | | | Funds From Operations / Other Supplemental Information | 10 | | | Components of Rental Income | 11 | | | Comparable Property Information | 12 | | | Market Data, Debt Metrics, and Senior Notes and Debentures Covenants | 13 | | 3 | Summ ...

NORTH BETHESDA, Md., Aug. 6, 2025 /PRNewswire/ -- Federal Realty Investment Trust (NYSE: FRT) today reported its results for the second quarter ended June 30, 2025. For the three months ended June 30, 2025 and 2024, net income available for common shareholders was $1.78 per diluted share and $1.32 per diluted share, respectively. Operating income for the same periods was $202.7 million and $157.0 million, respectively.Highlights for the second quarter and subsequent to quarter-end include: Generated NAREIT ...

公司业绩与预期 - 公司将于2025年8月6日盘后公布第二季度财报 市场高度关注其表现[1] - 上一季度FFO每股1 70美元 超出预期1美分 同比增长3 7%[2] - 过去四个季度中两次超预期 一次符合 一次未达 平均超预期幅度0 15%[3] - 第二季度FFO预计为每股1 73美元 同比增长2 4% 租金收入预计增长3 4%[10] 行业环境分析 - 美国购物中心市场净吸纳量连续两季度为负 Q2达-650万平方英尺 但较Q1的-710万略有改善[5] - 全国空置率同比上升50个基点至5 8% 但仍低于2017-2019年的6 4%水平[6] - 购物中心平均租金同比上涨2 3%至每平方英尺24 99美元[7] - 2025年新竣工购物中心面积仅460万平方英尺 在建面积1090万平方英尺[6] 公司竞争优势 - 80%物业包含提供必需品的超市业态 支撑稳定收入[9] - 高端地理位置资产和多元化租户基础构成优势[8] - 城市混合用途资产开发策略增强竞争力[9] - 预计出租率为95 4% 每平方英尺租金同比增0 7%[9] 财务数据预测 - 季度总收入预期3 107亿美元 同比增长4 95%[11] - 租金收入预期3 0589亿美元 商业最低租金预期2 0156亿美元[11] - 成本补偿租金收入预期6046万美元 高于去年同期的5565万美元[11] - 利息支出可能对季度表现产生轻微压力[12] 同业比较 - Lamar Advertising(LAMR)同样被预测可能超预期 ESP为+4 33%[15] - Kimco Realty(KIM)Q2 FFO每股0 44美元 超预期并同比增7 3%[16]

公司荣誉与认可 - 公司连续多年获得华盛顿邮报、旧金山纪事报和费城商业期刊评选的2025年最佳工作场所荣誉[1][2] - 这些荣誉完全基于员工通过独立第三方调查提供的反馈，涵盖领导力、团队协作、员工参与度等关键指标[3] - 公司CEO表示跨地区持续获奖体现了企业价值观的落地执行和文化的成功建设[4] 企业文化与员工体验 - 公司通过创造赋能环境使员工能够贡献、成长和成功，在多地区获得高评分[3] - 弗吉尼亚商业杂志此前也将公司评为最佳工作场所，凸显其在大西洋中部地区员工体验的一致性[4] - 公司总部所在地Pike & Rose因支持可持续通勤和无障碍办公设计获得2025年雇主表彰奖[4] 公司业务与资产 - 公司拥有103处物业，覆盖高增长市场和精选经济人口基础强劲的欠服务地区[5][6] - 截至2025年3月31日，资产组合包括2700万平方英尺商业空间、3500家租户和3100套住宅单元[6] - 核心业务为优质零售地产的持有、运营和再开发，重点布局沿海主要市场[6] 财务与市场表现 - 公司连续57年增加季度股息，创REIT行业最长纪录[7] - 作为标普500成分股，公司在纽约交易所上市（代码FRT）[7] - 长期增长策略包括投资零售需求超过供给的社区，开发露天购物中心和混合用途目的地[6] 标志性项目 - 代表性项目包括Santana Row、Pike & Rose和Assembly Row等混合用途目的地[6] - 这些项目展示了公司创造独特高绩效环境的能力，成为社区活力中心[6]