Federal Realty Inv. Trust (FRT) Misses Q3 FFO by 1c, Offers FY16 & FY17 Guidance
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Federal Realty Investment Trust Announces Third Quarter 2016 Operating Results
November 2, 2016 4:17 PM EDTROCKVILLE, Md., Nov. 2, 2016 /PRNewswire/ -- Federal Realty Investment Trust (NYSE: FRT) today reported operating results for its third quarter ended September 30, 2016. Highlights of the quarter and recent activity include:
Generated earnings per diluted share of $0.82 for the quarter compared to $0.75 in third quarter 2015. Generated FFO per diluted share of $1.41 for the quarter compared to $1.36 in third quarter 2015 Generated same center property operating income growth of 1.5%. Signed leases for 427,021 sf of comparable space at an average rent of $31.25 psf and achieved cash basis rollover growth on comparable spaces of 14%.... More