Federal Realty Investment Q3 FFO Rises - Quick Facts

(RTTNews) - Federal Realty Investment Trust (FRT) Thursday said third-quarter funds from operations, or FFO, increased to $76.4 million or $1.16 per share from $72.1 million or $1.12 per share in the same period last year.

On average, 18 analysts polled by Thomson Reuters expected the company to report FFO of $1.15 per share. Analysts' estimates typically exclude special items.

Net income available for common shareholders increased to $62.0 million or $0.94 per share from $38.5 million or $0.60 per share last year.

Revenues increased to $159.03 million from $157.23 million last year. Analysts expected revenues of $158.0 million.

For the fiscal year 2013, the company has increased its earnings outlook to a range of $4.60 to $4.61 per share from its prior guidance range of $4.56 to $4.60 per share. Analysts currently expect full-year FFO of $4.56 per share.

The company has also forecast fiscal 2014 FFO in the range of $4.84 to $4.92 per share. Analysts currently expect FFO of $4.86 per share for 2014.