Federal Realty Investment Trust reports results for the quarter ended June 30 - Earnings Summary

• Federal Realty Investment Trust FRT.N reported quarterly adjusted earnings of $1.78​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 69 cents. The mean expectation of eight analysts for the quarter was for earnings of 74 cents per share. Wall Street expected results to range from 70 cents to 79 cents per share.

• Revenue rose 5.2% to $311.52 million from a year ago; analysts expected $309.84 million.

• Federal Realty Investment Trust's reported EPS for the quarter was $1.78​.

• The company reported quarterly net income of $153.91 million.

• Federal Realty Investment Trust shares had fallen by 1.7% this quarter and lost 16.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell." The average consensus recommendation for the commercial reits peer group is also "buy"

• Wall Street's median 12-month price target for Federal Realty Investment Trust is $109.50, about 14.9% above its last closing price of $93.18

This summary was machine generated from LSEG data August 6 at 10:13 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)