On Monday, Federal Realty Investment Trust (FRT) publicly announced that its Funds from Operations (FFO) for the fourth quarter had seen an increase. The total FFO for this period amounted to $134.9 million, or $1.64 per share, which is notably higher than last year's statistics of $129.0 million, or $1.58 per share.
However, the profits saw a decrease when compared to last year's numbers. They went down to $62.1 million, or $0.76 per share, from the previously recorded $113.7 million, or $1.40 per share.
The average estimation from analysts polled by Thomson Reuters was for a profit of $0.66 per share, a benchmark that the actual profits have surpassed.
The overall revenue situation saw a positive progression, growing to $291.5 million, an increase from $280.05 million in the previous year.
As for their future expectations, Federal Realty Investment Trust forecasts an FFO per share ranging between $6.65 and $6.87. Simultaneously, they expect their earnings per share to be anywhere from $2.72 to $2.94 for the fiscal year 2024.
