NYSE:FRTRetail REITs
Federal Realty (FRT) Stock Stalls As FFO Outlook Improves
Federal Realty Investment Trust stock is flat at about US$124, even after a quarter that leaned clearly in favor of long term holders. The headline was simple enough. Funds From Operations per share, the core profit yardstick for retail REITs, came in at US$1.88 and beat guidance. Management pushed full year FFO guidance higher and extended the dividend growth streak to 59 years.
For a stock that has risen about 7.6% over the past three months, the lack of an immediate price reaction says...