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
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Rental Income | $1.25 bln | ||
FY Net Income | $423.65 mln | ||
FY FFO | $624.30 mln | ||
FY Operating Income | $602.20 mln |
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.)