North Bethesda-based Federal Realty Investment Trust (FRT) owns, operates, and redevelops high-quality retail-based properties. With a market cap of $8.8 billion, Federal Realty operates in major coastal markets from Washington, D.C., to Boston, as well as San Francisco and Los Angeles. It is expected to announce its Q2 earnings after the market closes on Thursday, August 1.
Ahead of the event, analysts expect Federal Realty to report an FFO of $1.68 per share, up marginally from $1.67 per share reported in the year-ago quarter. The company has surpassed or matched Wall Street’s FFO per share projections in three of the past four quarters while missing on one other occasion. Although its FFO for the last reported quarter grew 3.1% year over year to $1.64 per share, it missed the consensus estimates marginally.
