Overview

• Retail REIT's Q4 net income per share nearly doubled yr/yr

• Q4 Nareit FFO per share rose 6.4% yr/yr

• Company acquired two properties for $340 mln in Q4

Outlook

• Federal Realty projects 2026 EPS guidance of $3.90 to $4.00

• Company expects 2026 Core FFO per share growth of 5.1% to 6.5%

• Federal Realty plans $175 - $225 mln in development capital for 2026

Result Drivers

• RECORD LEASING - Federal Realty achieved a record leasing volume of 2.5 mln sq ft in 2025, with strong rent spreads of 15% on a cash basis and 27% on a straight-line basis

• STRATEGIC ACQUISITIONS - Acquired two properties for $340 mln in Q4, expanding into Omaha, NE and growing in Maryland

• CAPITAL RECYCLING - Completed $169 mln of peripheral residential and mature retail dispositions in Q4, with an additional $159 mln announced post quarter-end

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "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 $112.00, about 4.7% above its February 11 closing price of $106.95

• The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 28 three months ago

Press Release: ID:nPn79Dmhxa

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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.)