Federal Realty Investment Trust Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017; Provides Earnings Guidance for the Full Year of 2017
For the nine months, the company reported total revenue of $633,391,000 against $597,482,000 a year ago. Operating income was $249,131,000 against $237,518,000 a year ago. Income from continuing operations was $175,136,000 against $166,701,000 a year ago. Net income attributable to the trust was $239,258,000 against $191,873,000 a year ago. Net income available for common shareholders was $238,810,000 or $3.30 per diluted share against $191,467,000 or $2.70 per diluted share a year ago. Funds from operations were $323,241,000 against $300,275,000 a year ago. FFO was $324,491,000 against $301,440,000 a year ago. FFO per diluted share was $4.45 against $4.21 per share a year ago.
For the year 2017, the company expects net income available to common shareholders, per diluted share of range between $4.02 to $4.05 per share. FFO per diluted share of range between $5.89 to $5.92 per share.