RBC Capital Downgrades Federal Realty Investment Trust (FRT) to Underperform
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Federal Realty Investment Trust Announces First Quarter 2016 Operating Results
May 4, 2016 4:06 PM EDTROCKVILLE, Md., May 4, 2016 /PRNewswire/ --Â Federal Realty Investment Trust (NYSE: FRT) today reported operating results for its first quarter ended March 31, 2016. Highlights of the quarter and recent activity include:
Generated FFO per diluted share of $1.38 for the quarter, an increase of 9.5% over first quarter 2015. Generated same center property operating income growth of 4.2% (or 2.5% when properties under redevelopment are excluded). Federal Realty's same-center portfolio was 95.6% leased on March 31, 2016, compared to 95.4% on December 31, 2015... More