Federal Realty Investment Trust Q2 Profit Rises - Quick Facts

(RTTNews) - Federal Realty Investment Trust (FRT) reported second-quarter net income available for shareholders of $37.4 million or $0.57 per share, compared to $32.5 million or $0.51 per share, last year. Funds from operations available for shareholders was $71.1 million or $1.08 per share for the quarter.

On average, 16 analysts polled by Thomson Reuters expected the company to report profit per share of $1.12 for the quarter. Analysts' estimates typically exclude special items.

Total revenue increased to $157.95 million, from $147.56 million, last year. Analysts expected revenue of $155.36 million for the quarter. Federal Realty increased guidance, excluding the $3.4 million debt prepayment charge, for 2013 FFO per share to a range of $4.56 to $4.60, and provided 2013 earnings per share guidance of $2.41 to $2.45. Analysts expect the company to report profit per share of $4.59 for full year.