Federal Rlty Inv Trust Q4 Profit Increases, beats estimates

(RTTNews) - Federal Rlty Inv Trust (FRT) reported earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line came in at $112.93 million, or $1.44 per share. This compares with $92.71 million, or $1.22 per share, in last year's fourth quarter.

Excluding items, Federal Rlty Inv Trust reported adjusted earnings of $115.77 million or $1.47 per share for the period.

Analysts on average had expected the company to earn $0.52 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 15.8% to $254.15 million from $219.51 million last year.

Federal Rlty Inv Trust earnings at a glance (GAAP) :

-Earnings (Q4): $112.93 Mln. vs. $92.71 Mln. last year. -EPS (Q4): $1.44 vs. $1.22 last year. -Analyst Estimate: $0.52 -Revenue (Q4): $254.15 Mln vs. $219.51 Mln last year.