Overview

• Federal Realty Q3 FFO per share grows 3.5% yr/yr

• Company reports record leasing volume of 727,029 sq ft with strong rent growth

• Announced acquisition of Annapolis Town Center for $187 mln post-quarter

Outlook

• Federal Realty raises 2025 FFO guidance to $7.05-$7.11 per share

• Company tightens 2025 EPS guidance to $3.93-$3.99

Result Drivers

• RECORD LEASING VOLUME - Achieved all-time record leasing volume of 727,029 sq ft with significant rent growth

• OCCUPANCY IMPROVEMENT - Comparable portfolio occupancy increased 40 basis points sequentially and 20 basis points yr/yr

• RENT GROWTH - Rent growth of 28% on cash basis and 43% on straight-line basis for comparable retail space

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the commercial reits peer group is "buy"

• Wall Street's median 12-month price target for Federal Realty Investment Trust is $108.00, about 12.2% above its October 30 closing price of $94.87

• The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 30 three months ago

Press Release: ID:nPn4d09p1a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)