Federal Realty Investment Trust publishes Q3 2026 earnings call transcript
FRT•Federal Realty Investment Trust raised its full-year FFO guidance to $7.54-$7.58 per share, implying 7.1% core FFO growth at the midpoint. Third-quarter FFO was $1.87 per share, up roughly 6%.
1. Quarterly results and outlook
Federal Realty Investment Trust reported third-quarter FFO of $1.87 per share, up roughly 6%, and 4% growth in cash-basis comparable property operating income. Management raised full-year FFO guidance to $7.54-$7.58 per share, implying 7.1% core FFO growth at the midpoint.
2. Acquisition and occupancy
The $508 million Summit acquisition closed Oct. 1. Management expects more than $600 million of targeted asset sales, largely in 2027, and occupancy to reach the mid-94% range by year-end, up from 93.8%, supported by signed leases commencing rent payments.
