The company said it reported net income available to common shareholders of $61.8 million ($0.72 per diluted share) and FFO of $146.5 million ($1.70 per diluted share) for Q1 2025. For Q1 2024, the figures were $54.7 million ($0.66 per share) and $136.7 million ($1.64 per share), respectively.

1. 01

   The company said it reported net income available to common shareholders of $61.8 million ($0.72 per diluted share) and FFO of $146.5 million ($1.70 per diluted share) for Q1 2025. For Q1 2024, the figures were $54.7 million ($0.66 per share) and $136.7 million ($1.64 per share), respectively.

2. 02

   Federal Realty said comparable property POI rose 2.8% in Q1 2025, excluding lease termination fees and prior period rents collected. At quarter-end, comparable portfolio occupancy was 93.6% and the leased rate was 95.9%.

3. 03

   The company said it closed on the acquisition of the Del Monte Shopping Center in Monterey, California, on February 25, 2025 for $123.5 million. It also extended the maturity date of its $600 million unsecured term loan to March 20, 2028 and said it has the right to borrow up to an additional $150 million until December 20, 2025.

4. 04

   The company said it raised its 2025 FFO per diluted share guidance to $7.11 to $7.23 from $7.10 to $7.22, and kept its earnings per diluted share guidance at $3.00 to $3.12. It also said it announced, after quarter-end, a common share repurchase program of up to $300 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. 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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.