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The average estimate of nine analysts surveyed by Zacks Investment Research was for funds under management to be $1.64 per share.
Funds under management is a closely watched metric in the REIT industry. Calculate net income and add items such as depreciation and amortization.
The company reported net income of $62.1 million, or 76 cents per share.
The North Bethesda, Maryland-based real estate investment trust posted revenue of $291.8 million in the period, missing street estimates. Eight analysts surveyed by Zacks expected $293.3 million.
The company’s operating funds for the year were reported to be $537.3 million. Revenue was reported at $1.13 billion.
Federal Realty Investment Trust expects full-year funds from management to be in the range of $6.65 to $6.87 per share.
This article was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FRT at https://www.zacks.com/ap/FRT.
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