Federal Realty Investment Trust Reports Third Quarter 2026 Results and Raises Guidance

Federal Realty Investment Trust reported its financial results for the third quarter ended September 30, 2026, alongside an upward revision to its full-year earnings and funds from operations (FFO) guidance.

Financial and Operational Performance

For the third quarter of 2026, Federal Realty reported net income available for common shareholders of $64.2 million, or $0.74 per diluted share, compared to $59.6 million, or $0.69 per diluted share, for the same period in 2025. Operating income for the quarter was $116.9 million, up from $110.7 million in the third quarter of 2025.

Key metrics for the quarter included:

• Funds From Operations: Both Nareit FFO and Core FFO were reported at $1.87 per diluted share, representing a 5.6% increase year-over-year.
• Leasing Activity: The company signed 117 comparable retail leases totaling 532,220 square feet, achieving rent growth of 14% on a cash basis and 25% on a straight-line basis.
• Portfolio Occupancy: Overall portfolio occupancy ended the quarter at 93.8%, while the leased rate reached 96.5%, marking a 40-basis-point sequential increase and a 110-basis-point increase year-over-year.
• Small Shops: The small shop leased rate finished the period at 94.1%.

Capital Activities and Acquisitions

Subsequent to the close of the third quarter, Federal Realty acquired The Summit, an 870,000-square-foot open-air retail center in Birmingham, Alabama, for $508.0 million. Additionally, the company issued $460.0 million of 3.50% exchangeable senior notes due August 2031 and repurchased 869,748 common shares for approximately $95 million through October 9, 2026.

Guidance Update

The Trust tightened its full-year 2026 earnings per diluted share guidance to a range of $4.23 to $4.27. Furthermore, it raised and tightened its 2026 Nareit FFO and Core FFO guidance to $7.54 to $7.58 per diluted share.

Dividends and Verification

The Board of Trustees declared a regular quarterly cash dividend of $1.16 per common share, payable on January 15, 2027, to shareholders of record as of January 4, 2027. A quarterly cash dividend of $0.3125 per depositary share was also declared for Series C Preferred shares.

Stakeholders and interested parties can verify these figures by reviewing the official press release, Form 8-K filings, and investor materials available in the Investors section of the official Federal Realty website at www.federalrealty.com.