The company said full-year 2023 net income available for common shareholders was lower than in 2022, at $2.80 per diluted share versus $4.71. Diluted earnings per share for Q4 were $0.76, compared with $1.40 a year earlier.

1. 01

   The company said full-year 2023 net income available for common shareholders was lower than in 2022, at $2.80 per diluted share versus $4.71. Diluted earnings per share for Q4 were $0.76, compared with $1.40 a year earlier.

2. 02

   Federal Realty said full-year 2023 FFO per diluted share was $6.55, higher than $6.32 in 2022. The company said FFO per diluted share for Q4 was $1.64, compared with $1.58 a year earlier.

3. 03

   The company said it raised $685.0 million through two financings. On December 28, it closed a $200.0 million mortgage loan secured by Bethesda Row, and on January 11, 2024 it issued $485.0 million of 3.25% Exchangeable Senior Notes. On January 16, 2024, it repaid $600.0 million of 3.95% senior unsecured notes at maturity.

4. 04

   The company said its initial guidance for 2024 calls for earnings per diluted share of $2.72 to $2.94 and FFO per diluted share of $6.65 to $6.87. The outlook does not assume the impact of acquisitions or dispositions that had not closed as of January 31, 2024.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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