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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for Federal Realty Investment Trust (FRT) is 8/10.
Federal Realty delivered a blowout Q1 with FFO of $1.88/share, up 10.6% and $0.06 above the guidance midpoint, driven by better occupancy, expense savings from 2025 acquisitions, and timing pull-forwards. Record Q1 leasing of 649,000 comparable sq ft at 13% cash rollover reinforced the strong demand narrative. Management raised FY2026 Core FFO guidance by $0.03-$0.04 to $7.46-$7.55, citing broad-based outperformance across comparable POI, acquisitions, and redevelopment. The K-shaped economy theme featured prominently, with management emphasizing that FRT's affluent demographics ($167K average household income, $11B purchasing power per center) provide meaningful cushion in a selective consumer environment.
Scored from Federal Realty Investment Trust’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $311M | +6.7% | $0.74 | -2.6% | 35.1% | 21.0% | $55M |
| FY2025 Q1 | $309M | +6.1% | $0.72 | +9.1% | 35.0% | 20.6% | $120M |
| FY2025 Q2 | $312M | +5.2% | $1.78 | +34.8% | 65.1% | 50.0% | $85M |
| FY2025 Q3 | $323M | +6.3% | $0.69 | -1.4% | 34.3% | 19.1% | $272M |
| FY2025 Q4 | $336M | +7.9% | $1.51 | +104.1% | 34.4% | 38.6% | $51M |
| FY2026 Q1 | $341M | +10.3% | $1.83 | +154.2% | 34.1% | 46.6% | $121M |
| FY2026 Q2 | $336M | +7.8% | $0.99 | -44.4% | 35.2% | 25.5% | $217M |