wichayada suwanachun/iStock via Getty Images FRT stock: buy wonderful businesses at fair valuations The current situation surrounding Federal Realty Investment Trust (NYSE:FRT) is a textbook reflection of the wisdom to buy/hold wonderful businesses at fair prices (rather than fair businesses at wonderful prices). The chart below summarizes FRT stock’s valuation grade in comparison to the sector median. As seen, FRT multiples are not cheap in any way or by any standard. Based on the data here, FRT's P/E ...

财务数据和关键指标变化 - 公司报告的FFO每股为1.64美元,同比增长3.1%,位于季度指引范围的上限 [26] - 物业经营收入增长5.6%,超出预期,反映了公司房地产的整体实力 [27] - 可比物业经营收入增长3.8%,剔除往期租金和提前终止费用的影响 [28] - 可比最低租金增长3.6%,可比总物业收入增长4.1% [29] - 物业出租率提升至94.3%,优于预期,反映了强劲的租赁需求 [29][30] - 住宅物业经营收入同比增长6%,表现强劲 [31][32] 各条业务线数据和关键指标变化 - 零售租赁创下第一季度记录,达567,000平方英尺,租金增长9% [9][12][14] - 混合用途物业办公租赁达190,000平方英尺,包括PWC在One Santana West的141,000平方英尺租赁 [10][11] - 住宅物业表现强劲,第一季度创下历史新高,收入同比增长6% [31][32] - 公司在One Santana West和915 Meeting Street等在建项目取得良好进展,分别达到50%和近80%的出租率 [33][34] 各个市场数据和关键指标变化 - 公司关注的一些增长市场包括凤凰城、佛罗里达中南部和北弗吉尼亚等 [22] - 这些市场的购物中心机会较为有吸引力,可以通过改善租户组合、再开发和增加密度来提升收益 [22] 公司战略和发展方向及行业竞争 - 公司将减少新开发项目,但加大收购力度,利用自身的运营实力和资产负债表优势寻找收购机会 [20][21][22][23][24] - 公司看重可以通过改善租户组合、再开发和增加密度来提升收益的购物中心 [22] - 公司认为当前收购市场机会较好,竞争对手较少,可以利用自身的成本优势获得较高的收益 [21][50] 管理层对经营环境和未来前景的评论 - 管理层认为人口统计特征在疫情后仍然很重要,体现在强劲的租赁需求 [9] - 管理层对公司的租赁活动和租金水平表示乐观,认为可持续增长 [9][14][15] - 管理层认为公司的资产质量和多样化的租户结构使其能够抵御经营环境的压力 [18][19] - 管理层对公司未来的收购增长前景表示乐观,认为可以利用自身优势获得较高的收益 [21][50] 问答环节重要的提问和回答 问题1 **Juan Sanabria 提问** 询问公司关于资产出售和收购的计划 [49] **Dan Guglielmone 回答** 公司有300-400百万美元的资产正在考虑出售,初始收益率在低6%左右,为收购提供资金 [50] 问题2 **Samir Khanal 提问** 询问公司同店增长指引偏低的原因 [59] **Dan Guglielmone 回答** 公司保持了较为谨慎的坏账准备,同时第二和第三季度的同比增长可能会有所加速 [60] 问题3 **Ki Bin Kim 提问** 询问公司在租赁谈判中是否会为未来发展做出一些短期让步 [77] **Donald Wood 和 Wendy Seher 回答** 公司很少会为未来发展而在当前租赁中做出重大让步,但会根据具体情况在租期、租金增幅等方面进行平衡 [78][79]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO THE SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-07533 (Federal Realty Investment Trust) Commission file number: 333-262016-01 (Federal Realty OP LP) FEDERAL REALTY IN ...

FEDERAL REALTY INVESTMENT TRUST SUPPLEMENTAL INFORMATION March 31, 2024 TABLE OF CONTENTS 1 First Quarter 2024 Earnings Press Release 3 2 Financial Highlights Consolidated Income Statements 7 Consolidated Balance Sheets 8 Funds From Operations / Other Supplemental Information 9 Components of Rental Income 10 Comparable Property Information 11 Market Data, Debt Metrics, and Senior Notes and Debentures Covenants 12 3 Summary of Debt Summary of Outstanding Debt 13 Summary of Debt Maturities 14 4 Summary of Red ...

Wall Street analysts forecast that Federal Realty Investment Trust (FRT) will report quarterly earnings of $1.65 per share in its upcoming release, pointing to a year-over-year increase of 3.8%. It is anticipated that revenues will amount to $287.13 million, exhibiting an increase of 5.2% compared to the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 0.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a w ...

Federal Realty Investment Trust (FRT) , a leading real estate investment trust (REIT) focused on retail properties, is set to report its first-quarter 2024 results on May 2 after market close. In anticipation of the announcement, industry analysts and investors are eager to assess the company's performance and prospects in the current economic climate.In the last reported quarter, this retail REIT came up with an FFO per share of $1.64, which was in line with the Zacks Consensus Estimate. Results reflected ...

Inflation is proving tougher to control than experts expected. Here are two great ways to outpace inflation in your portfolio.If you're an income investor, inflation can be your worst enemy. However, there are some excellent stocks with multidecade track records of increasing their payout every year, and faster than the rate of inflation. In this video, you'll hear about two great dividend growth stocks -- including one that has a 56-year record of consecutive dividend raises -- that could help your portfol ...

N. BETHESDA, Md., April 9, 2024 /PRNewswire/ -- Federal Realty Investment Trust (NYSE: FRT) will announce first quarter 2024 earnings in a press release to be issued after market close on Thursday, May 2, 2024. The Company will host a conference call on Thursday, May 2 at 5:00 PM ET.  Event: Federal Realty Investment Trust's First Quarter 2024 Earnings Conference Call When: 5:00 PM ET, Thursday, May 2, 2024 Live Webcast: FRT First Quarter 2024 Earnings Conference Call or www.federalrealty.com  Dial #: 1-877 ...

股息王地位 - Federal Realty Investment Trust (FRT)是一家连续50多年支付稳定股息的美国零售房地产投资信托公司[1] - FRT的股息王地位和对防御性现金流的关注使其成为一个吸引人的投资案例，至少应该被追求收益的投资者考虑，他们不希望为了额外的基点收益而牺牲安全边际[2] 市值表现 - FRT在过去5年的市值下降比同行和更广泛的房地产投资信托市场更多[4]

公司业绩 - Federal Realty Investment Trust (NYSE:FRT) 是一家受欢迎的 passsive income 投资者的首选，因为其 FFO 和股息增长的可见性以及长期升值潜力[1]。 - Federal Realty Investment 在过去半个多世纪中拥有良好的业绩记录，即使在经济衰退期间也能实现股息增长[3]。 - Federal Realty Investment 在 2023 年展示了健康的基础 FFO 增长，房地产市场表现坚挺，租金收入持续增长[11]。 房地产组合 - Federal Realty Investment 的房地产组合包括商业和住宅单位，主要集中在纽约、费城、迈阿密等主要大都市城市，这些城市具有积极的人口迁移和高收入水平，表明租金增长潜力较高[7]。 2024年展望 - Federal Realty Investment 在 2024 年的指导中暗示 FFO 将以低个位数的年增长率增长，预计每股 FFO 在 2024 年将达到 6.65-6.87 美元，对应 15.0x 的 FFO 倍数[19]。 股息情况 - Federal Realty Investment 提供了稳定的股息给 passsive income 投资者，目前的股息率为 4.3%[24]。