Federal Realty Investment Q3 FFO $1.71 Misses $1.72 Estimate, Sales $303.63M Beat $300.62M Estimate
Portfolio Pulse from Benzinga Newsdesk
Federal Realty Investment (NYSE:FRT) reported Q3 earnings of $1.71 per share, missing the $1.72 estimate, but sales of $303.63M beat the $300.62M estimate. Earnings increased by 3.64% and sales by 5.94% compared to last year.
October 30, 2024 | 8:08 pm
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Federal Realty Investment's Q3 earnings slightly missed estimates, but sales exceeded expectations. Earnings per share increased by 3.64% year-over-year, and sales rose by 5.94%.
The slight miss in earnings per share is offset by the beat in sales, indicating stable performance. The year-over-year growth in both earnings and sales suggests a positive trend, but the miss in earnings estimate may neutralize short-term stock price impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100