Federal Realty said net income available for common shareholders for Q1 2024 (3 months) was $54.7 million ($0.66 per diluted share), compared with $53.3 million ($0.65 per share) a year earlier. Operating income was $100.2 million, versus $95.8 million a year earlier.

1. 01

   Federal Realty said net income available for common shareholders for Q1 2024 (3 months) was $54.7 million ($0.66 per diluted share), compared with $53.3 million ($0.65 per share) a year earlier. Operating income was $100.2 million, versus $95.8 million a year earlier.

2. 02

   The company said FFO for Q1 2024 was $136.7 million ($1.64 per diluted share), up 3.1% from $130.3 million ($1.59 per share) a year earlier. Comparable property POI growth, excluding lease termination fees and prior period rents collected, was 3.8%.

3. 03

   The company said it signed 104 leases for 566,865 square feet of comparable retail space in Q1 2024, with cash basis rollover growth of 9% and straight-line rollover growth of 20%. Federal Realty said the portfolio was 92.0% occupied and 94.3% leased at quarter end.

4. 04

   Federal Realty said it revised its full-year 2024 diluted FFO per share guidance to $6.67 to $6.87 from $6.65 to $6.87, and its earnings per diluted share guidance to $2.74 to $2.94 from $2.72 to $2.94.

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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