Report
Stephen Ellis
EUR 147.86 For Business Accounts Only

Federal Realty Reports Second-Quarter Results: Solid Operating Performance, Little Margin for Error

Federal Realty reported second-quarter earnings, posting funds from operations per diluted share of $1.42, up 7% from $1.33 a year ago excluding debt prepayment fees. Same-center operating income increased 2.9%, or 3.5% including redevelopment, on overall cash-basis releasing spreads of 12%, or 23% on new leases and 7% on renewals. However, same-center retail occupancy was down 100 basis points to 94.8%, affected by Sports Authority, while same-store residential occupancy was down to 96.2% from ...
Underlying
Federal Realty Investment Trust

Federal Realty Investment Trust is an equity real estate investment trust that focuses on the ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities in selected metropolitan markets in the Northeast and Mid-Atlantic regions of the United States, as well as in California and South Florida. The company owns or has a majority interest in community and neighborhood shopping centers and mixed-use properties which are operated as predominantly retail real estate projects.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Stephen Ellis

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