Federal Realty Investment Trust Q3 2025 Earnings Release

Federal Realty Investment Trust (FRT) reported its financial results for the third quarter ended September 30, 2025. The company achieved a net income available for common shareholders of $59.6 million, or $0.69 per diluted share, compared to $58.9 million, or $0.70 per diluted share, in the same period last year. Operating income for the quarter was $110.7 million, up from $105.8 million in Q3 2024. FFO (Funds From Operations) per diluted share increased by 3.5% to $1.77, compared to $1.71 in the prior year. The company reported a record leasing volume of 727,029 square feet of comparable retail space, with rent growth of 28% on a cash basis and 43% on a straight-line basis. Comparable property operating income (POI) grew by 4.4%, excluding lease termination fees and prior period rents collected. The company also announced the acquisition of Annapolis Town Center for $187 million and updated its 2025 FFO guidance to $7.05 - $7.11 per diluted share.