Federal Realty reports Q4 FFO $1.64, consensus $1.64

Reports Q4 revenue $291.81M, consensus $292.19M. Generated comparable property operating income excluding lease termination fees and prior period rents collected growth of and 4.4% for the Q4. “In 2023, Federal’s FFO per diluted share reached an all-time high, showcasing the Company’s resilience in the face of elevated interest rates,” said Donald C. Wood, Federal Realty’s CEO. “Our multi-faceted business plan drove FFO growth, marked by continued growth in our comparable pool, contributions from our redevelopment and expansion program and accretive acquisition activity. We believe that Federal’s high-quality open-air shopping centers and mixed-use communities located in the first-tier suburbs of major metropolitan markets remain the real-estate of choice for today’s top-tier tenants. We head into 2024 energized and optimistic, poised for another exceptional year ahead.”