Federal Realty Investment Trust Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018; Provides Earnings Guidance for the Year 2018
Federal Realty Investment Trust reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported total revenue of $225,405,000 against $207,389,000 a year ago. Operating income was $86,145,000 against $81,544,000 a year ago. Income from continuing operations was $59,615,000 against $57,892,000 a year ago. Net income available for common shareholders was $59,237,000 against $56,055,000 a year ago. Earnings per basic and diluted common share was $0.81 against $0.78 a year ago. FFO was $112,394,000 against $105,795,000 a year ago. FFO per diluted share was $1.52 against $1.45 a year ago.
The company maintained its 2018 guidance for FFO per diluted share of $6.08 to $6.24 and updated 2018 earnings per diluted share guidance to $3.05 to $3.21.