Federal Realty Investment Trust (FRT) reported Q1 funds from operations late Thursday of $1.70 per diluted share, up from $1.64 a year earlier.

Analysts polled by FactSet expected $1.69.

Revenue in the three months ended March 31 rose to $309.2 million from $291.3 million a year earlier.

Analysts surveyed by FactSet expected $306.4 million.

The company raised 2025 FFO guidance to the range of $7.11 to $7.23 a share from $7.10 to $7.22. Analysts polled by FactSet expect $7.16.

The company kept its quarterly dividend at $1.10 a share, payable July 15 to investors of record July 1.