Federal Realty Investment Trust (NYSE: FRT) reported third-quarter 2026 total revenue of $339.0 million and GAAP net income of $69.0 million. Net income available for common shareholders was $64.2 million, or $0.74 per diluted share, compared with $59.6 million, or $0.69 per diluted share, a year earlier.
The company raised and tightened its 2026 guidance for Nareit FFO and Core FFO per diluted share to $7.54 to $7.58. It also tightened guidance for net income available for common shareholders per diluted share to $4.23 to $4.27.
- Nareit FFO and Core FFO were each $163.0 million, or $1.87 per diluted share, up 5.6% per share year over year.
- Overall portfolio occupancy was 93.8%, while the leased rate was 96.5% at September 30.
- Federal Realty signed 117 comparable retail leases covering 532,220 square feet, with cash-basis rent growth of 14%.
- The company acquired The Summit in Birmingham, Alabama, for $508.0 million on October 1.
- The board declared a quarterly common dividend of $1.16 per share, payable January 15, 2027.
