Federal Realty Investment Trust (FRT) had a series of strong financial updates for the third quarter of 2024 with record Funds from Operations (FFO) performing against estimates. The third quarter witnessed solid operating results, leading to the Trust exceeding revenue expectations driven by robust leasing demand. The firm further raised its 2024 guidance, while the Earnings per share (EPS) reported was $0.70M. Despite federal Realty missing Q3 FFO estimates, the stock continued to outperform competitors. Information on total holdings revealed DekaBank Deutsche Girozentrale, JPMorgan Chase & Co., State Street Corp, and Lecap Asset Management Ltd having strategically reduced their positions on FRT shares. Other significant contributors have also been Raymond James & Associates and Vest Financial with stock holdings worth $52.23 million. This year has brought recognition as Federal Realty earned dual top workplace honors from The Washington Post and The San Francisco Chronicle. Technically FRT stock remains strong, showing resilience against competitors despite daily fluctuations. Furthermore, FRT confirmed success from sustainability efforts with the release of the 2023 sustainability report to its investors.
Federal Realty Investment Trust FRT News Analytics from Sun, 24 Dec 2023 08:00:00 GMT to Sat, 02 Nov 2024 19:35:13 GMT -
Rating 7
- Innovation 2
- Information 8
- Rumor 0
