Federal Realty Q3 FFO per share rises on leasing and rent growth
FRT•Federal Realty’s Q3 Nareit FFO and Core FFO per share rose 5.6% year over year to $1.87. The company raised its 2026 Nareit FFO and Core FFO guidance to $7.54-$7.58 per share and expects EPS of $4.23-$4.27.
1. Quarterly results
Federal Realty said strong leasing activity and higher rents contributed to its Q3 results. Comparable property operating income grew 2.5% year over year, while adjusted comparable property operating income grew 4.0%; the portfolio’s leased rate increased sequentially and year over year, and occupancy remained stable.
2. Updated 2026 outlook
The company raised its 2026 Nareit FFO and Core FFO guidance to $7.54-$7.58 per share and sees EPS of $4.23-$4.27. It expects comparable property POI growth of 3.375%-3.625%.
3. Repurchases and acquisition
Federal Realty repurchased 869,748 shares for about $95 million through October 9. After the quarter ended, it acquired The Summit retail center in Alabama for $508 million.
