Federal Realty Investment Trust reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 286.32 million compared to USD 273.18 million a year ago. Revenue was USD 286.6 million compared to USD 273.45 million a year ago. Net income was USD 57.05 million compared to USD 156.14 million a year ago. Basic earnings per share from continuing operations was USD 0.67 compared to USD 1.9 a year ago. Diluted earnings per share from continuing operations was USD 0.67 compared to USD 1.89 a year ago.
For the nine months, sales was USD 839.51 million compared to USD 793.52 million a year ago. Revenue was USD 840.34 million compared to USD 794.32 million a year ago. Net income was USD 172.88 million compared to USD 269.8 million a year ago. Basic earnings per share from continuing operations was USD 2.04 compared to USD 3.31 a year ago. Diluted earnings per share from continuing operations was USD 2.04 compared to USD 3.31 a year ago.