Federal Realty Investment Q3 FFO $1.65 Up From $1.59 YoY, Sales $286.32M Beat $283.79M Estimate
Portfolio Pulse from Benzinga Newsdesk
Federal Realty Investment (NYSE:FRT) reported Q3 earnings of $1.65 per share, a 3.77% increase YoY. The company also reported quarterly sales of $286.32 million, beating the analyst consensus estimate of $283.79 million by 0.89% and marking a 4.71% increase YoY.
November 02, 2023 | 8:22 pm
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POSITIVE IMPACT
Federal Realty Investment's Q3 earnings and sales beat estimates, indicating a positive financial performance. This could potentially lead to a short-term increase in the stock price.
Federal Realty Investment reported higher than expected earnings and sales for Q3. This positive financial performance often leads to increased investor confidence, which could drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100