Shares of Federal Realty Investment Trust (FRT) have rallied 18.2% in the past three months, outperforming the industry's growth of 14.4%.Last month, the retail real estate investment trust (REIT) reported second-quarter 2024 funds from operations (FFO) per share of $1.69, surpassing the Zacks Consensus Estimate of$1.68. Results reflected healthy leasing activity and better-than-expected growth in revenues.This Zacks Rank #3 (Hold) company also raised its guidance for 2024. It projected FFO per share in th ...