Business
Add as a preferred source on GoogleThird-quarter revenue climbed 5.2% to $339.024 million, while Nareit FFO and Core FFO were each $1.87 per diluted share.
Federal Realty Investment Trust reported $339.024 million in third-quarter revenue and $1.87 per diluted share in both Nareit funds from operations (FFO) and Core FFO before raising its 2026 Core FFO guidance.
Revenue grew 5.2% from a year earlier. Both revenue and earnings exceeded consensus estimates.
Third-quarter revenue rose 7.8% year over year as Prologis raised same-store growth forecasts and lowered its net earnings range.
Net income per diluted common share fell 35.5% year over year, while Core FFO rose 0.7% and revenue increased.
Adjusted FFO per diluted share fell to $1.54, while same-property net operating income declined 6.7%.
