Federal Realty Investment Trust (FRT-PC) reported second-quarter 2026 results for the period ended June 30, with net income available for common shareholders of $83.7 million, or $0.97 per diluted share, compared with $153.9 million, or $1.78 per diluted share, a year earlier.
The company raised and tightened 2026 guidance for earnings per diluted share to $4.22 to $4.30 and increased its regular quarterly common dividend by 3% to $1.16 per share.
- Total revenue for the quarter was $335.7 million, compared with $311.5 million a year earlier.
- Operating income was $138.7 million, compared with $202.7 million in the second quarter of 2025.
- Core FFO was $162.8 million, or $1.88 per diluted share, up 6.8% per share year over year.
- Federal Realty signed 124 leases for 819,273 square feet of comparable retail space, with rent growth of 15% on a cash basis.
- Overall portfolio occupancy was 93.8% and the leased rate was 96.1% at quarter end.
- The company acquired an adjacent retail parcel at Kingstowne Towne Center for $19.7 million and sold two properties for a combined $66.1 million.
- Federal Realty declared a quarterly cash dividend of $0.3125 per Class C depositary share, payable Oct. 15, 2026, to shareholders of record as of Oct. 1, 2026.
