Federal Realty Investment Trust Reports Strong Third Quarter 2026 Results and Guidance Raise
Federal Realty reported strong Q3 2026 results: Core FFO of $1.87 per diluted share, up 5.6% year-over-year, with net income per diluted share of $0.74 versus $0.69 a year ago. Leasing was robust with 117 comparable leases signed at 14% cash rent spreads, and the company raised and tightened its 2026 FFO guidance to $7.54-$7.58, implying over 7% Core FFO growth at the midpoint. On capital deployment, FRT issued $460M of 3.50% exchangeable notes, bought back $94.7M of stock at an average $108.82, and post-quarter acquired The Summit in Birmingham, AL for $508 million.
Key figures
- Eps
- 0.74
- Revenue
- 339024000
- Guidance
- FY2026 EPS $4.23-$4.27 (tightened); Nareit FFO and Core FFO per diluted share raised to $7.54-$7.58 from $7.48-$7.56 (>7% Core FFO growth at midpoint)
- Occupancy
- 93.8%
- Leased rate
- 96.5%
- Buyback shares
- 869748
- Ffo growth yoy
- 5.6%
- Cash rent spread
- 14%
- Operating income
- 116855000
- Acquisition price
- 508000000
- Buyback avg price
- 108.82
- Core ffo per share
- 1.87
- Nareit ffo per share
- 1.87
- Comparable poi growth
- 2.5%
- Straight line rent spread
- 25%
- Dividend per share quarterly
- 1.16
- Adjusted comparable poi growth
- 4.0%
- Net income available to common
- 64161000
AI analysis
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