Federal Realty (FRT) Q1 FFO Miss Estimates, Revenues Rise Y/Y
- FRT's Q1 2024 FFO per share was $1.64, a 3.1% increase from the previous year. - Quarterly revenues of $291.3 million surpassed estimates and increased 6.7% year over year. - FRT's CEO highlighted strong leasing activity and a high first-quarter lease rate of 91.4%. - Price Impact Rating: bearish - Impact Horizon Rating: short-term - Type: Earnings
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